Market Research Reports

Wearable Medical Devices Market (Heart Rate Monitors, Activity Monitors, ECG, Pulse Oximeters, EEG, EMG, Glucose/Insulin Management, Pain Management, Wearable Respiratory Therapy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

93pages
Published Date: 2013-12-10

Description


 

The global wearable medical devices market research report offers a detailed view of the market through various analyses based on prior market readings, measurements of current market feeds, and forecasts for the period between 2013 and 2019. Key revenue and market value figures of the global wearable medical devices market are provided in US$.

Analysis in the report links the macro as well as micro changes that have occurred in the global wearable medical devices market so far, along with an elaboration on the current market trends and influences. The report prepares a clear picture of the global wearable medical devices market’s competitive landscape for a user to be completely acquainted with the global wearable medical devices market in order to perform feasible strategic maneuvers.

The research methods used to evaluate the global wearable medical devices market are primary and secondary. Primary research methodologies occupy the bulk of the overall research efforts, still keeping all secondary avenues as descriptive and conclusive as possible. The report incorporates varied product literature and content obtained from top companies. It also contains data derived from public reports of the companies’ annual financial releases, press releases, and other important avenues of information that broaden the understanding of the global wearable medical devices market. Secondary research includes data derived from external sources with a vested interest in the wearable medical devices market, such as statistical sources from government agencies and the latest activities and trade data in the global wearable medical devices market.

The report also presents forecasts for the global wearable medical devices market using industrially recognized methods, including Porter’s five force analysis and industry SWOT analysis. Key regions discussed in the global wearable medical devices market report are North America, Europe, Asia Pacific, and the Rest of the World.

Overview of the Global Wearable Medical Devices Market

The global wearable medical devices market is being propelled at a CAGR of 16.40% within the forecast period from 2013 to 2019. The market was recorded at US$5.8 bn in 2012 and is expected to reach US$5.80 bn by the end of 2019. The primary growth driver of the global wearable medical devices market is the rising individual disposable incomes across the world and the increasing adoption of new technology for fitness purposes. North America led the global wearable medical devices market in 2012 with a 44% share, while Asia Pacific shows promise with the fastest CAGR of over 18% from 2013 to 2019. The high expected growth rate is attributed specifically to the rapidly developing economies of China and India.

North America possesses the largest number of research facilities, coupled with the highest number of developers in the global wearable medical devices market. This coincides with the high demand displayed by the region, attributed to an increasing drive for fitness as well as the increasing number of people afflicted by chronic illnesses.

The global wearable medical devices market could grow even faster if the R&D potential of Asia Pacific were to be harnessed. With a growing number of investors willing to buy into the global wearable medical devices market, more companies could establish labs and development centers in the region.

Companies mentioned in the research report 

The key players in the global wearable medical devices market are Polar Electro, Intelesens Ltd., Philips Electronics, Nuubo, LifeWatch AG, Coventis, Inc., Everist Genomics, Inc., Basis Science, Inc., Withings, Omron Corporation, Zephyr Technology Corporation,  and Fitbit, Inc.

The recent activity in the global wearable medical devices market shows a promising growth curve, with companies such as Fitbit Inc. moving up, while investors sell off their shares following steady guidance. The global wearable medical devices market is expected to be reinvigorated by the incoming wave of smartwatches that will contain apps and connectivity options similar to what the global wearable medical devices market has to offer.

Key segments of the Global Wearable Medical Devices Market

Wearable Medical Devices Market, by Product Types

  • Wearable Therapeutic Medical Devices
  • Wearable Diagnostic Medical Devices

Wearable Diagnostic Medical Devices Market, by Product Types

  • Vital Signs Monitors
  • Fetal & Obstetric Devices
  • Neuromonitoring Devices

Wearable Therapeutic Medical Devices Market, by Product Types

  • Pain Management
  • Glucose/Insulin Monitoring
  • Respiratory Therapy Devices

Wearable Therapeutic Medical Devices Market, by Application

  • Sports and Fitness
  • Remote Patient Monitoring
  • Home Healthcare

Major regions analyzed under this research report are: 

  • Europe
  • North America 
  • Asia Pacific 
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements 
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents


Table of Contents

 

Chapter 1 Introduction

1.1 Report Description

1.2 Market Segmentation

1.3 Research Methodology

      1.3.1 Secondary Research

      1.3.2 Primary Research

      1.3.3 Statistical Models

      1.3.4 Assumptions and Stipulations

 

Chapter 2 Executive Summary

 

Chapter 3 Market Overview: Global Wearable Medical Devices Market

3.1 Market Overview: Current and Future Trends in Wearable Technology

3.2 Impact of Google Glass in Healthcare

3.3 Market Drivers

      3.3.1 Large number of innovators and early adopters

      3.3.2 Increasing incidences of chronic pain and high population of diabetic patients

      3.3.3 Ease of use and interpretation of wearable medical devices

      3.3.4 Emerging economies and expanding per capita income

3.4 Market Restraints

      3.4.1 Cost of devices will be a restraint in emerging countries

      3.4.2 Reimbursement is a challenge

3.5 Market Opportunities

      3.5.1 Large diabetic population in Asia-Pacific

3.6 Porter’s Five Forces Analysis: Global Wearable Medical Devices Market

      3.6.1 Bargaining Power of Suppliers

      3.6.2 Bargaining Power of Buyers

      3.6.3 Threat of Substitutes

      3.6.4 Threat of New Entrants

      3.6.5 Competitive Rivalry

3.7 Market Attractiveness Analysis: Global Wearable Medical Devices Market, by Technology

 

Chapter 4 Global Diagnostic Wearable Devices Market, by Segments, Size and Forecast, 2011 – 2019 (USD Million)

4.1 Introduction

      4.1.1 Global Diagnostic Wearable  Medical Devices Market, by Segment, 2011 - 2019   (USD Million)

      4.1.2 Global Diagnostic Wearable  Medical Devices Market, by Geography, 2011 - 2019   (USD Million)

4.2 Wearable Vital Signs Monitors

      4.2.1 Wearable Heart Rate Monitors

               4.2.1.1 Global Wearable Heart Rate Monitors Market, 2011-2019 (USD Million)

      4.2.2 Wearable Activity Monitors

              4.2.2.1 Global Wearable Activity Monitors Market, 2011-2019 (USD Million)

      4.2.3 Wearable Electrocardiographs

              4.2.3.1 Global Wearable ECG Market, 2011-2019 (USD million)

      4.2.4 Others

               4.2.4.1 Global Other Wearable Medical Devices Market, 2011-2019 (USD Million)

4.3 Wearable Fetal Monitors and Obstetric Devices

      4.3.1 Global Wearable Fetal Monitors and Obstetric Devices Market, 2011-2019 (USD million)

4.4 Wearable Neuromonitoring Devices

      4.4.1 Electroencephalograph

              4.4.1.1 Global Wearable Electroencephalograph (EEG) Devices Market, 2011-2019 (USD Million)

      4.4.2 Electromyograph

              4.4.2.1 Global Wearable Electromyograph (EMG) Devices Market, 2011-2019 (USD Million)

 

Chapter 5 Global Therapeutic Wearable Medical Devices, by Segments, 2011 - 2019 (USD Million)

5.1 Overview

      5.1.1 Global Therapeutic Wearable Medical Devices Market, by Geography, 2011 - 2019 (USD Million)

5.2 Wearable Pain Management Devices

      5.2.1 Global Wearable Pain Management Medical Devices Market, by Geography, 2011 - 2019 (USD Million)

5.3 Glucose/Insulin Monitoring Devices

      5.3.1 Global Wearable Glucose/Insulin Monitoring Devices Market, by Geography, 2011 - 2019 (USD Million)

5.4 Wearable Respiratory Therapy Devices

      5.4.1 Global Wearable Respiratory Therapy Medical Devices Market, by Geography, 2011 - 2019 (USD Million)

 

Chapter 6 Global Wearable Medical Devices Market, by Applications, 2011 - 2019 (USD Million)

6.1 Overview

      6.1.1 Global Wearable Medical Devices Market, by Applications, 2011 - 2019 (USD Million)

6.2 Sports and Fitness

      6.2.1 Global Wearable Medical Devices Market in Sports and Fitness, 2011-2019 (USD Million)

6.3 Remote Patient Monitoring

      6.3.1 Global Wearable Medical Devices Market in Remote Patient Monitoring, 2011-2019 (USD Million)

6.4 Home Healthcare

      6.4.1 Global Wearable Medical Devices Market in Home Healthcare, 2011-2019 (USD Million)

 

Chapter 7 Global Wearable Medical Devices Market, By Geography, 2011 - 2019 (USD Million)

7.1 Introduction

      7.1.1 Comparative Analysis: Global Wearable Medical Devices Market by Geography, 2012 & 2019 (%)

7.2 North America

      7.2.1 North America Wearable Diagnostic Medical Devices Market, by Segment, 2011 - 2019 (USD Million)

      7.2.2 North America Wearable Therapeutic Medical Devices Market, by Segment, 2011 - 2019 (USD Million)

7.3 Europe

      7.3.1 Europe Wearable Diagnostic Medical Devices Market, by Segment, 2011 - 2019 (USD Million)

      7.3.2 Europe Wearable Therapeutic Medical Devices Market, by Segment, 2011 - 2019 (USD Million)

7.4 Asia-Pacific

      7.4.1 Asia-Pacific Wearable Diagnostic Medical Devices Market, by Segment, 2011 - 2019 (USD Million)

      7.4.2 Asia-Pacific Wearable Therapeutic Medical Devices Market, by Segment, 2011 - 2019 (USD Million)

7.5 Rest of the World (RoW)

      7.5.1 ROW Wearable Diagnostic Medical Devices Market, by Segment, 2011 - 2019 (USD Million)

      7.5.2 ROW Wearable Therapeutic Medical Devices Market, by Segment, 2011 - 2019 (USD Million)

 

Chapter 8 Company Profiles

8.1 Basis Science, Inc.

      8.1.1 Company Overview

      8.1.2 Financial Overview

      8.1.3 Product Portfolio

      8.1.4 Business Strategies

      8.1.5 Recent Developments

8.2 Corventis, Inc

      8.2.1 Company Overview

      8.2.2 Financial Overview

      8.2.3 Product Portfolio

      8.2.4 Recent Developments

8.3 Draeger

      8.3.1 Company Overview

      8.3.2 Financial Overview

      8.3.3 Product Portfolio

      8.3.4 Strategic Overview

      8.3.5 Recent Developments

8.4 Everist Genomics, Inc.

      8.4.1 Company Overview

      8.4.2 Financial Performance

      8.4.3 Product Portfolio

      8.4.4 Business Strategies

      8.4.5 Recent Developments

8.5 Fitbit, Inc.

      8.5.1 Company Overview

      8.5.2 Financial Overview

      8.5.3 Product Portfolio

      8.5.4 Business Strategies

      8.5.5 Recent Developments

8.6 Intelesens Ltd.

      8.6.1 Company Overview

      8.6.2 Financial Overview

      8.6.3 Product Portfolio

      8.6.4 Business Strategies

8.7 LifeWatch AG

      8.7.1 Company Overview

      8.7.2 Financial Overview

      8.7.3 Product Portfolio

      8.7.4 Business Strategies

      8.7.5 Recent Developments

8.8 Nuubo

      8.8.1 Company Overview

      8.8.2 Financial Performance

      8.8.3 Product Portfolio

      8.8.4 Recent Developments

8.9 Omron Corporation

      8.9.1 Company Overview

      8.9.2 Financial Overview

      8.9.3 Financial Overview

      8.9.4 Product Portfolio

      8.9.5 Business Strategies

8.10 Philips Electronics

      8.10.1 Company Overview

      8.10.2 Financial Overview

      8.10.3 Product Portfolio

      8.10.4 Business Strategies

      8.10.5 Recent Developments

8.11 Polar Electro

      8.11.1 Company Overview

      8.11.2 Financial Overview

      8.11.3 Product Portfolio

      8.11.4 Business Strategies

      8.11.5 Recent Developments

8.12 Sotera Wireless

      8.12.1 Company Overview

      8.12.2 Financial Overview

      8.12.3 Product Portfolio

      8.12.4 Business Strategies

      8.12.5 Recent Developments

8.13 Withings

      8.13.1 Company Overview

      8.13.2 Financial Overview

      8.13.3 Product Portfolio

      8.13.4 Business Strategies

      8.13.5 Recent Developments

8.14 Zephyr Technology Corporation

      8.14.1 Company Overview

      8.14.2 Financial Overview

      8.14.3 Product Portfolio

      8.14.4 Business Strategies

      8.14.5 Recent Developments

List of Figures

 

FIG. 1 Wearable Medical Devices - Market Segmentation

FIG. 2 Global Diagnostic Wearable Medical Devices, 2012, (USD Million)

FIG. 3 Global Therapeutic Wearable Medical Devices, 2012, (USD Million)

FIG. 4 Porter’s Five Forces Analysis: Global Wearable Medical Devices Market

FIG. 5 Market Attractiveness Analysis: Global Wearable Medical Devices Market, by Technology

FIG. 6 Global Wearable Heart Rate Monitors Market, 2011-2019 (USD Million)

FIG. 7 Global Wearable Activity Monitors Market, 2011-2019 (USD Million)

FIG. 8 Global Wearable ECG Market, 2011-2019 (USD Million)

FIG. 9 Global Other Wearable Medical Devices Market, 2011-2019 (USD Million)

FIG. 10 Global Wearable Fetal Monitors and Obstetric Devices Market, 2011-2019 (USD Million)

FIG. 11 Global Wearable Electroencephalograph (EEG) Devices Market, 2011-2019 (USD Million)

FIG. 12 Global Wearable Electromyograph (EMG) Devices Market, 2011-2019 (USD Million)

FIG. 13 Global Wearable Medical Devices Market in Sports and Fitness, 2011-2019 (USD Million)

FIG. 14 Global Wearable Medical Devices Market in Remote Patient Monitoring, 2011-2019 (USD Million)

FIG. 15 Global Wearable Medical Devices Market in Home Healthcare, 2011-2019 (USD Million)

FIG. 16 Comparative Analysis: Global Wearable Medical Devices Market, by Geography, 2012 & 2019 (%)

FIG. 17 Draeger : Annual Sales Revenue (USD Million), 2010 – 2012

FIG. 18 LifeWatch AG: Annual Sales Revenue (USD Million), 2010 – 2012

FIG. 19 Omron Corporation: Annual Sales Revenue (USD Million), 2010 – 2012

FIG. 20 Philips Electronics: Annual Sales Revenue (USD Million), 2010 – 2012

List of Tables

 

TABLE 1 Market Snapshot: Global Wearable Medical Devices Market

TABLE 2 Global Diagnostic Wearable  Medical Devices Market, by Segments, 2011 - 2019   (USD Million)

TABLE 3 Global Diagnostic Wearable  Medical Devices Market, by Geography, 2011 - 2019   (USD Million)

TABLE 4 Global Therapeutic Wearable Medical Devices Market, by Geography, 2011 - 2019 (USD Million)

TABLE 5 Global Wearable Pain Management Medical Devices Market, by Geography, 2011 - 2019 (USD Million)

TABLE 6 Global Wearable Glucose/Insulin Monitoring Devices Market, by Geography, 2011 - 2019 (USD Million)

TABLE 7 Global Wearable Respiratory Therapy Medical Devices Market, by Geography, 2011 - 2019 (USD Million)

TABLE 8 Global Wearable Medical Devices Market, by Applications, 2011 - 2019 (USD Million)

TABLE 9 North America Wearable Diagnostic Medical Devices Market, by Segments, 2011 - 2019 (USD Million)

TABLE 10 North America Wearable Therapeutic Medical Devices Market, by Segments, 2011 - 2019 (USD Million)

TABLE 11 Europe Wearable Diagnostic Medical Devices Market, by Segments, 2011 - 2019 (USD Million)

TABLE 12 Europe Wearable Therapeutic Medical Devices Market, by Segments, 2011 - 2019 (USD Million)

TABLE 13 Asia-Pacific Wearable Diagnostic Medical Devices Market, by Segments, 2011 - 2019 (USD Million)

TABLE 14 Asia-Pacific Wearable Therapeutic Medical Devices Market, by Segments, 2011 - 2019 (USD Million)

TABLE 15 ROW Wearable Diagnostic Medical Devices Market, by Segments, 2011 - 2019 (USD Million)

TABLE 16 ROW Wearable Therapeutic Medical Devices Market, by Segments, 2011 - 2019 (USD million)

Free Market Analysis


 

Wearable devices are used by athletes, people aware of personal fitness and even patients. Modern wearable medical devices are easy to interpret and hence a person can quickly modify their lifestyle to better improve their physical fitness. Devices that measure temperature, heart rate and other parameters can be of paramount importance while determining physical fitness of a person. The market analyzed in the study comprises of several segments within this definition across the four major geographies of North America, Europe, Asia-Pacific and Rest of the World that encompasses Latin America, Middle East and Africa. The global wearable devices market was estimated to grow at a CAGR of 16.4% from 2013 to 2019.

 

Major market drivers are:

  • Large number of innovators and early adopters
  • Increasing incidence of chronic pain and diabetes
  • Emerging countries and expanding purchase power of people
  • Ease of use and accuracy of wearable devices
  • Rising awareness of physical fitness and health along with increasing age group of people involving themselves in physical activities. 

The Asia-Pacific region is expected to record the highest CAGR of over 18% during the forecast period as improving healthcare infrastructure, increasing investments by players in emerging economies such as China and India, and large untapped research facilities segment will also boost growth of this market segment. Increasing awareness in sports and fitness will also act as a major driver for growth in emerging regions of the world. The market is highly fragmented with most players being private. There are close to a hundred notable market players over the world of which major 50 have been mentioned throughout the report. The major device segments in diagnostics are heart rate monitors which were the first wearable medical devices. Activity monitors are one of the fastest growing segments in the market that are in great demand. There is an intense competition in this segment with players such as Nike, Fitbit, Jawbone and W/Me among others competing for the top spot.

 


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