Market Overview:
The global smart wearables in healthcare market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for remote patient monitoring and diagnostics, growing awareness about fitness and health, and rising adoption of smart wearable devices by healthcare providers. The global smart wearables in healthcare market is segmented on the basis of type into smart wrist wearables,smart patches,smart clothes,smart head / neck wearables,smart ear wearables,smart eye wearables and other types. The other type segment includes body sensors and bio-metric sensors. On the basis of application,the market is segmented into activity / fitness tracking (SMEs),remote patient monitoring & diagnostics,,home health careand others which include medical research institutes and hospitals among others). Geographically,the global Smart Wearable Devices In Healthcare Marketis divided into North America,,Latin America,,Europe,,Asia Pacificand Middle East & Africa with a further detailed analysisof some key countries within each region.
Product Definition:
A wearable device that is connected to the internet and can send and receive data. Smart wearables in healthcare can be used to track heart rate, sleep, steps taken, and other health metrics. They can also be used to provide information about a patient's health condition or treatment plan.
Smart Wrist Wearables:
Smart wrist wearables are devices that are used to monitor and track various health parameters such as heart rate, blood oxygen level, body temperature and others. The market is expected to witness growth over the forecast period owing to factors such as increasing geriatric population base coupled with rising awareness regarding fitness among individuals. Moreover, technological advancements in the field of smart wearable devices along with growing demand for wireless connected healthcare solutions is further expected to drive the market growth during the forecast period.
Smart Patches:
Smart patches are transdermal patches that monitor vital signs such as temperature, blood oxygen level, and heart rate. They are used in combination with a smart wearable device to enhance the functionality of the latter. The data obtained from these devices is wirelessly transmitted to smartphones or tablets where healthcare professionals can review and take necessary action based on patient’s condition.
These devices have gained significant traction among end-users due to their cost efficiency.
Application Insights:
The others segment includes sleep tracking, drug delivery, and patient care reminders. The activity and fitness tracking dominated the global smart wearable in healthcare market in 2017 owing to the increasing number of users who are trying to lose weight or keep fit. Moreover, companies such as Fitbit are entering into new markets with innovative products such as Fitbit Ionic Smartwatch which is compatible with music players. This will drive demand over the forecast period.
Remote patient monitoring & diagnostics is expected to be one of the fastest-growing application segments during the forecast period due to rising adoption of SMEs by hospitals and clinics for better management of medical facilities at a distance from patients¢â‚¬â„¢ homes or workplaces. For instance, Optum Performance Analytics helps health systems optimize care through remote monitoring & diagnostics that enable real-time data sharing among providers for improved quality and safety while reducing costs across multiple sites (HCA).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing government initiatives and investments for developing healthcare IT infrastructure. Moreover, growing adoption of IoT-based services and devices in various healthcare applications is also contributing towards regional growth.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period due to rising penetration of SMEs, increasing disposable income levels, improving internet connectivity, and rapid developments in medical device manufacturing facilities across countries such as China & Japan. In addition, favorable regulatory reforms are also expected to drive regional demand during the same period.
Growth Factors:
- Increasing demand for preventive healthcare: Smart wearables can play a significant role in preventive healthcare by tracking and monitoring the health of an individual on a real-time basis. This helps in early diagnosis and prevention of any health issue, thus reducing the overall cost of treatment.
- Growing popularity of fitness trackers: Fitness trackers are one of the most popular types of smart wearable devices that are used for tracking various activities such as heart rate, steps taken, calories burned, etc. This helps people to stay fit and healthy by keeping a close check on their physical activity levels.
- Rising awareness about the benefits of smart wearables: There is a growing awareness among people about the benefits offered by smart wearable devices such as improved fitness, better sleep quality, reduced stress levels, etc. As a result, there is an increasing demand for these devices from consumers across different age groups.
- . Technological advancements: The technological advancements in sensors and wireless technologies have led to the development of innovative smart wearable devices that can offer enhanced features and functionality compared to traditional wearables such as watches or bands. This is helping to drive growth in this market segment over the forecast period . 5) Integration with other connected devices: Smart wearables are increasingly being integrated with other connected devices such as smartphones or tablets to provide users with enhanced functionalities Such integrations allow users to control various aspects related to their health using just one device
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Wearables in Healthcare Market Research Report
By Type
Smart Wrist Wearables, Smart Patches, Smart Clothes, Smart Head / Neck Wearables, Smart Ear Wearables, Smart Eye Wearables, Other
By Application
Activity / Fitness Tracking (SMEs), Remote Patient Monitoring & Diagnostics, Home Health Care, Others
By Companies
Apple, Fitbit, Jawbone, Misfit, MyKronoz, Samsung, Philips, Huawei, Qualcomm Technologies, Inc, Adidas Group, Sony Corporation, Lifesense Group, Monica Healthcare, Garmin, Omron, Dragerwerk, Nokia Technologies, Polar Electro, World Global Network [Wor(I)D], Activeinsights, Vitalconnect, Xiaomi, Nuvo Group, TmG-BMC, Scanadu, Proteus, Empatica
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Smart Wearables in Healthcare Market Report Segments:
The global Smart Wearables in Healthcare market is segmented on the basis of:
Types
Smart Wrist Wearables, Smart Patches, Smart Clothes, Smart Head / Neck Wearables, Smart Ear Wearables, Smart Eye Wearables, 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
Activity / Fitness Tracking (SMEs), Remote Patient Monitoring & Diagnostics, Home Health Care, Others
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
- Fitbit
- Jawbone
- Misfit
- MyKronoz
- Samsung
- Philips
- Huawei
- Qualcomm Technologies, Inc
- Adidas Group
- Sony Corporation
- Lifesense Group
- Monica Healthcare
- Garmin
- Omron
- Dragerwerk
- Nokia Technologies
- Polar Electro
- World Global Network [Wor(I)D]
- Activeinsights
- Vitalconnect
- Xiaomi
- Nuvo Group
- TmG-BMC
- Scanadu
- Proteus
- Empatica
Highlights of The Smart Wearables in Healthcare 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:
- Smart Wrist Wearables
- Smart Patches
- Smart Clothes
- Smart Head / Neck Wearables
- Smart Ear Wearables
- Smart Eye Wearables
- Other
- By Application:
- Activity / Fitness Tracking (SMEs)
- Remote Patient Monitoring & Diagnostics
- Home Health Care
- Others
- 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 Smart Wearables in Healthcare 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.
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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
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- 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?
Smart Wearables in Healthcare refers to wearable technology that is used in healthcare settings. These devices can include fitness trackers, smart watches, and other sensors that are used to monitor health and activity levels. They can also be used to provide real-time information about patient care or medication compliance.
Some of the major players in the smart wearables in healthcare market are Apple, Fitbit, Jawbone, Misfit, MyKronoz, Samsung, Philips, Huawei, Qualcomm Technologies, Inc, Adidas Group, Sony Corporation, Lifesense Group, Monica Healthcare, Garmin, Omron, Dragerwerk, Nokia Technologies, Polar Electro, World Global Network [Wor(I)D], Activeinsights, Vitalconnect, Xiaomi, Nuvo Group, TmG-BMC, Scanadu, Proteus, Empatica.
The smart wearables in healthcare market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Wearables in Healthcare 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 Smart Wearables in Healthcare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Wearables in Healthcare 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 Smart Wearables in Healthcare 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 Smart Wearables in Healthcare Market Size & Forecast, 2018-2028
4.5.1 Smart Wearables in Healthcare Market Size and Y-o-Y Growth
4.5.2 Smart Wearables in Healthcare Market Absolute $ Opportunity
Chapter 5 Global Smart Wearables in Healthcare 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 Smart Wearables in Healthcare Market Size Forecast by Type
5.2.1 Smart Wrist Wearables
5.2.2 Smart Patches
5.2.3 Smart Clothes
5.2.4 Smart Head / Neck Wearables
5.2.5 Smart Ear Wearables
5.2.6 Smart Eye Wearables
5.2.7 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Wearables in Healthcare 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 Smart Wearables in Healthcare Market Size Forecast by Applications
6.2.1 Activity / Fitness Tracking (SMEs)
6.2.2 Remote Patient Monitoring & Diagnostics
6.2.3 Home Health Care
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Wearables in Healthcare 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 Smart Wearables in Healthcare 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 Smart Wearables in Healthcare Analysis and Forecast
9.1 Introduction
9.2 North America Smart Wearables in Healthcare 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 Smart Wearables in Healthcare Market Size Forecast by Type
9.6.1 Smart Wrist Wearables
9.6.2 Smart Patches
9.6.3 Smart Clothes
9.6.4 Smart Head / Neck Wearables
9.6.5 Smart Ear Wearables
9.6.6 Smart Eye Wearables
9.6.7 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 Smart Wearables in Healthcare Market Size Forecast by Applications
9.10.1 Activity / Fitness Tracking (SMEs)
9.10.2 Remote Patient Monitoring & Diagnostics
9.10.3 Home Health Care
9.10.4 Others
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 Smart Wearables in Healthcare Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Wearables in Healthcare 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 Smart Wearables in Healthcare Market Size Forecast by Type
10.6.1 Smart Wrist Wearables
10.6.2 Smart Patches
10.6.3 Smart Clothes
10.6.4 Smart Head / Neck Wearables
10.6.5 Smart Ear Wearables
10.6.6 Smart Eye Wearables
10.6.7 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 Smart Wearables in Healthcare Market Size Forecast by Applications
10.10.1 Activity / Fitness Tracking (SMEs)
10.10.2 Remote Patient Monitoring & Diagnostics
10.10.3 Home Health Care
10.10.4 Others
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 Smart Wearables in Healthcare Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Wearables in Healthcare 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 Smart Wearables in Healthcare Market Size Forecast by Type
11.6.1 Smart Wrist Wearables
11.6.2 Smart Patches
11.6.3 Smart Clothes
11.6.4 Smart Head / Neck Wearables
11.6.5 Smart Ear Wearables
11.6.6 Smart Eye Wearables
11.6.7 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 Smart Wearables in Healthcare Market Size Forecast by Applications
11.10.1 Activity / Fitness Tracking (SMEs)
11.10.2 Remote Patient Monitoring & Diagnostics
11.10.3 Home Health Care
11.10.4 Others
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 Smart Wearables in Healthcare Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Wearables in Healthcare 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 Smart Wearables in Healthcare Market Size Forecast by Type
12.6.1 Smart Wrist Wearables
12.6.2 Smart Patches
12.6.3 Smart Clothes
12.6.4 Smart Head / Neck Wearables
12.6.5 Smart Ear Wearables
12.6.6 Smart Eye Wearables
12.6.7 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 Smart Wearables in Healthcare Market Size Forecast by Applications
12.10.1 Activity / Fitness Tracking (SMEs)
12.10.2 Remote Patient Monitoring & Diagnostics
12.10.3 Home Health Care
12.10.4 Others
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) Smart Wearables in Healthcare Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Wearables in Healthcare 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) Smart Wearables in Healthcare Market Size Forecast by Type
13.6.1 Smart Wrist Wearables
13.6.2 Smart Patches
13.6.3 Smart Clothes
13.6.4 Smart Head / Neck Wearables
13.6.5 Smart Ear Wearables
13.6.6 Smart Eye Wearables
13.6.7 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) Smart Wearables in Healthcare Market Size Forecast by Applications
13.10.1 Activity / Fitness Tracking (SMEs)
13.10.2 Remote Patient Monitoring & Diagnostics
13.10.3 Home Health Care
13.10.4 Others
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 Smart Wearables in Healthcare Market: Competitive Dashboard
14.2 Global Smart Wearables in Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Fitbit
14.3.3 Jawbone
14.3.4 Misfit
14.3.5 MyKronoz
14.3.6 Samsung
14.3.7 Philips
14.3.8 Huawei
14.3.9 Qualcomm Technologies, Inc
14.3.10 Adidas Group
14.3.11 Sony Corporation
14.3.12 Lifesense Group
14.3.13 Monica Healthcare
14.3.14 Garmin
14.3.15 Omron
14.3.16 Dragerwerk
14.3.17 Nokia Technologies
14.3.18 Polar Electro
14.3.19 World Global Network [Wor(I)D]
14.3.20 Activeinsights
14.3.21 Vitalconnect
14.3.22 Xiaomi
14.3.23 Nuvo Group
14.3.24 TmG-BMC
14.3.25 Scanadu
14.3.26 Proteus
14.3.27 Empatica
