Market Overview:
The global medical smart wearable devices market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for health and fitness trackers, rising prevalence of chronic diseases, and growing awareness about the benefits of using medical smart wearable devices. Based on type, the global medical smart wearable devices market can be segmented into wrist device, head device, back equipment, health tracker, and other segments. The wrist device segment is expected to account for the largest share of the global medical smart wearable devices market in 2018 owing to its high adoption rate among consumers worldwide. By application, the detect segment is expected to account for a larger share of the global medical smart wearable devices market in 2018 as compared to other application segments due as it helps users track various vital signs such as heart rate and blood pressure levels.
Product Definition:
A wearable device that is used to monitor and track medical information, such as heart rate, blood pressure, or steps taken. These devices can provide feedback to the user or their doctor and help to improve patient care.
Wrist Device:
Wrist device is a medical smart wearable devices that uses the motion of a patient's wrist to perform an action. It can be used for various purposes such as taking medication, monitoring blood pressure, and body temperature among others. The global wrist device market is expected to witness significant growth over the forecast period owing to factors such as rising geriatric population coupled with increasing prevalence of chronic diseases like diabetes and cardiovascular disorders.
Head Device:
The head device is a medical wearable device that is used to record and store the patient’s vital signs such as temperature, blood pressure, and heart rate. It also allows the transmission of these parameters wirelessly to the healthcare professional or caregivers. The major application areas for head devices are in home care settings, sports training & rehabilitation centers along with hospitals & clinics.
Application Insights:
Based on application, the global market has been segmented into diagnostics, therapeutics and healthcare management. The diagnostics segment dominated the overall market in terms of revenue in 2017. This is attributed to a wide range of applications such as drug discovery and development for new medicines; pre-clinical testing; disease diagnosis; patient assessment & screening; medical imaging (x-ray, MRI) monitoring etc.
The therapeutics and healthcare management segments are expected to grow at a lucrative rate over the forecast period owing to increasing adoption of wearable devices that assist patients with their health goals by tracking daily activities such as sleep patterns, nutrition intake etc., thereby improving treatment outcomes. Other emerging applications include remote patient monitoring & care delivery which involves using mobile technologies for delivering high quality care while reducing travel costs or time between hospitals or clinics thus making it more efficient than conventional methods used currently such as EHRs (Electronic Health Records).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to various factors such as high disposable income, advanced healthcare infrastructure and rising adoption of smart devices by consumers. Moreover, increasing investments by companies for developing innovative products are also expected to drive the regional market over the forecast period. For instance, in May 2018, Qualcomm Inc., a multinational semiconductor and telecommunications equipment company invested USD X million for supporting 5G network technology development in U.S.
Asia Pacific region is projected to witness lucrative growth during the same period owing to increasing government initiatives pertaining towards improving public health systems along with rising awareness about early diagnosis of chronic diseases among people living in this region thus driving demand for medical device monitoring applications within this region globally medical SMART wearables Market medical monitor medical fitness tracker industry growth rate).
Growth Factors:
- Increasing demand for preventive healthcare: The global population is aging and this is resulting in an increase in the prevalence of chronic diseases such as diabetes, heart disease, and cancer. This is driving the demand for medical smart wearable devices that can help people manage their health conditions proactively.
- Rising awareness about the benefits of medical smart wearable devices: There has been a growing awareness among consumers about the benefits of using medical smart wearable devices. This is helping to drive adoption rates for these devices.
- Technological advancements: The development of new technologies such as artificial intelligence (AI) and machine learning is helping to fuel growth in the medical smart wearable device market. These technologies are being used to create innovative products that can provide better patient care outcomes.
- Growing investment by key players: There has been a significant increase in investment by key players in the medical smart wearable device market over the past few years. This is helping to drive innovation and spur growth in this market segment . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Smart Wearable Devices Market Research Report
By Type
Wrist Device, Head Device, Back Equipment, Health Tracker, Other
By Application
Detect, Treatment
By Companies
APPLE, Samsung, Huami, Huawei, Xiaomi, Empatica Inc., Healthy.io, Lifeline Biotechnologies, DIH International Limited, Nonin, NeuroMetrix, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Medical Smart Wearable Devices Market Report Segments:
The global Medical Smart Wearable Devices market is segmented on the basis of:
Types
Wrist Device, Head Device, Back Equipment, Health Tracker, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Detect, Treatment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- APPLE
- Samsung
- Huami
- Huawei
- Xiaomi
- Empatica Inc.
- Healthy.io
- Lifeline Biotechnologies
- DIH International Limited
- Nonin
- NeuroMetrix
- Medtronic
Highlights of The Medical Smart Wearable Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wrist Device
- Head Device
- Back Equipment
- Health Tracker
- Other
- By Application:
- Detect
- Treatment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Smart Wearable Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical Smart Wearable Devices are wearable devices that can be used to monitor and track a person's health. These devices can include heart rate monitors, blood pressure monitors, and glucose meters.
Some of the key players operating in the medical smart wearable devices market are APPLE, Samsung, Huami, Huawei, Xiaomi, Empatica Inc., Healthy.io, Lifeline Biotechnologies, DIH International Limited, Nonin, NeuroMetrix, Medtronic.
The medical smart wearable devices market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Smart Wearable Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Smart Wearable Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Smart Wearable Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Smart Wearable Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Smart Wearable Devices Market Size & Forecast, 2018-2028
4.5.1 Medical Smart Wearable Devices Market Size and Y-o-Y Growth
4.5.2 Medical Smart Wearable Devices Market Absolute $ Opportunity
Chapter 5 Global Medical Smart Wearable Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Smart Wearable Devices Market Size Forecast by Type
5.2.1 Wrist Device
5.2.2 Head Device
5.2.3 Back Equipment
5.2.4 Health Tracker
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Smart Wearable Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Smart Wearable Devices Market Size Forecast by Applications
6.2.1 Detect
6.2.2 Treatment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Smart Wearable Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Smart Wearable Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Smart Wearable Devices Analysis and Forecast
9.1 Introduction
9.2 North America Medical Smart Wearable Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Smart Wearable Devices Market Size Forecast by Type
9.6.1 Wrist Device
9.6.2 Head Device
9.6.3 Back Equipment
9.6.4 Health Tracker
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Smart Wearable Devices Market Size Forecast by Applications
9.10.1 Detect
9.10.2 Treatment
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Smart Wearable Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Smart Wearable Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Smart Wearable Devices Market Size Forecast by Type
10.6.1 Wrist Device
10.6.2 Head Device
10.6.3 Back Equipment
10.6.4 Health Tracker
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Smart Wearable Devices Market Size Forecast by Applications
10.10.1 Detect
10.10.2 Treatment
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Smart Wearable Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Smart Wearable Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Smart Wearable Devices Market Size Forecast by Type
11.6.1 Wrist Device
11.6.2 Head Device
11.6.3 Back Equipment
11.6.4 Health Tracker
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Smart Wearable Devices Market Size Forecast by Applications
11.10.1 Detect
11.10.2 Treatment
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Smart Wearable Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Smart Wearable Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Smart Wearable Devices Market Size Forecast by Type
12.6.1 Wrist Device
12.6.2 Head Device
12.6.3 Back Equipment
12.6.4 Health Tracker
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Smart Wearable Devices Market Size Forecast by Applications
12.10.1 Detect
12.10.2 Treatment
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Smart Wearable Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Smart Wearable Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Smart Wearable Devices Market Size Forecast by Type
13.6.1 Wrist Device
13.6.2 Head Device
13.6.3 Back Equipment
13.6.4 Health Tracker
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Smart Wearable Devices Market Size Forecast by Applications
13.10.1 Detect
13.10.2 Treatment
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Smart Wearable Devices Market: Competitive Dashboard
14.2 Global Medical Smart Wearable Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 APPLE
14.3.2 Samsung
14.3.3 Huami
14.3.4 Huawei
14.3.5 Xiaomi
14.3.6 Empatica Inc.
14.3.7 Healthy.io
14.3.8 Lifeline Biotechnologies
14.3.9 DIH International Limited
14.3.10 Nonin
14.3.11 NeuroMetrix
14.3.12 Medtronic
