Global Wearable Medical Devices Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: April 25, 2020 |


The global wearable medical devices market size was accounted more than USD 12 billion in 2019 and expected to register a significant CAGR of 19% during the forecast period 2020 to 2027. Remote patient monitoring and home healthcare devices are influencing the market growth positively. In addition, the increasing awareness of fitness towards a healthy lifestyle is expected to fuel the industry growth. Treatment and monitoring devices of diabetic patients held a considerable market share in 2019, more than 20% market share in terms of revenue. North America holds a significant share in the wearable medical device market, due to the prevalence of diabetes across America, which has 29.1 million diabetic residents.

The market is segmented on the basis of product, application and region. On the basis of application, the market is segmented on the basis of sports & fitness, remote patient monitoring, and home healthcare. By application, home healthcare segment is dominating the market and accounted as a largest market share in 2019. On the basis of product, the therapeutics segment is expected to expand as fastest growing segment during the forecast period. The therapeutics segment further segmented into insulin monitoring, respiratory therapy devices, pain management, and rehabilitation. Insulin monitoring devices was dominated the market in 2019.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The report on the wearable medical devices market offers in-depth analysis covering key regional trends, market dynamics, and provides country-level market size of the wearable medical devices industry. Some of the key factors considered during the course of research included product definition, product classification, industry structure, various participants in the wearable medical devices ecosystem, etc. The report includes market sizes and forecast for the period from 2018 to 2027, and compounded annual growth rate (CAGR%) measured for individual segments and regional markets, competitive landscape of leading market players, critical analysis of market dynamics and profiling of key providers participating in the wearable medical devices market.

According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of wearable medical devices industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.

Historical & Forecast Period

  • 2018 - Historical Year for wearable medical devices Market
  • 2019 - Base Year for wearable medical devices Market
  • 2020-2027 - Forecast Period for wearable medical devices Market

The wearable medical devices market report offers a primary overview of the wearable medical devices industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the wearable medical devices industry.

Wearable Medical Devices Market Segmentation:

By Product:

  • Diagnostic Devices
    • Vital Sign Monitoring Devices
    • Sleep Monitoring Devices
    • Electrocardiographs Fetal and Obstetric Devices
    • Neuromonitoring Devices
  • Therapeutic Devices

By Application:

  • Sports and Fitness
  • Remote Patient Monitoring
  • Home Healthcare

List of Key Companies:

  • Covidien Plc
  • Fitbit Inc.
  • Philips Electronics
  • Polar Electro
  • LifeWatch AG
  • Garmin
  • Withings
  • Jawbone
  • Everist Genomics

Wearable Medical Devices Market Report Scope

This report provides an investigative analysis of the wearable medical devices market encapsulated in detailed sections such as

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

COVID-19 Impact on the Wearable Medical Devices Market

The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the wearable medical devices market.

  • V Shaped Recovery
  • U Shaped Recovery
  • L Shaped Recovery
  • W Shaped Recovery
COVID-19 Impact on the Wearable Medical Devices Market

COVID-19 Impact on the Wearable Medical Devices Market - L Shaped Recovery

Geographic Coverage

Geographically, the wearable medical devices Market report comprises dedicated sections centering on the regional market revenue and trends. The wearable medical devices market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW segment consists Latin America and the Middle East & Africa. The wearable medical devices market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance and others. wearable medical devices Market estimates have also been provided for the historical years 2017 & 2018 along with forecast for the period from 2018 - 2027.

  • North America wearable medical devices Market Revenue and Forecast
  • Europe wearable medical devices Market Revenue and Forecast
  • Asia Pacific wearable medical devices Market Revenue and Forecast
  • Latin America wearable medical devices Market Revenue and Forecast
  • Middle East and Africa wearable medical devices Market Revenue and Forecast

Key Questions Answered by Wearable Medical Devices Market Report

  • Market size and forecast of the wearable medical devices market for the period from 2018 to 2027
  • Compounded annual growth rate (CAGR%) for individual segments in various regional markets through 2025
  • Value chain analysis
  • Market share analysis combined with competitive landscape of key players
  • Profiles of key market players covering overall business operations, geographic presence, product portfolio, financial status and news coverage
The global wearable medical devices market size was accounted more than USD 12 billion in 2019 and expected to register a significant CAGR of 19% during the forecast period 2020 to 2027. Remote patient monitoring and home healthcare devices are influencing the market growth positively. In addition, the increasing awareness of fitness towards a healthy lifestyle is expected to fuel the industry growth. Treatment and monitoring devices of diabetic patients held a considerable market share in 2019, more than 20% market share in terms of revenue. North America holds a significant share in the wearable medical device market, due to the prevalence of diabetes across America, which has 29.1 million diabetic residents.

The market is segmented on the basis of product, application and region. On the basis of application, the market is segmented on the basis of sports & fitness, remote patient monitoring, and home healthcare. By application, home healthcare segment is dominating the market and accounted as a largest market share in 2019. On the basis of product, the therapeutics segment is expected to expand as fastest growing segment during the forecast period. The therapeutics segment further segmented into insulin monitoring, respiratory therapy devices, pain management, and rehabilitation. Insulin monitoring devices was dominated the market in 2019.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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COVID-19 Impact on the Wearable Medical Devices Market

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