Market Overview:
The global wearable patient monitor market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in wearable patient monitors. Based on type, the global wearable patient monitor market is segmented into blood pressure monitoring products, heart rate monitoring products, respiratory monitoring products, and other monitoring products. The respiratory monitoring product segment is expected to grow at the highest CAGR during the forecast period from 2018 to 2030. This growth can be attributed to increasing prevalence of respiratory diseases such as asthma and COPD and growing demand for home-based respiratory care solutions. Based on application, the global wearable patient monitor market is segmented into hospital applications, clinic applications, household applications, and other applications.
Product Definition:
A wearable patient monitor (WPM) is a device that is worn by a patient to allow for the remote monitoring of the patient's vital signs. This type of monitor allows medical professionals to track a patients health in real-time, which can help to identify potential health issues early and prevent them from becoming more serious.
Blood Pressure Monitoring Products:
Blood pressure monitoring products, it's usage and growth factor in the wearable patient monitor market is expected to grow at a significant rate over the forecast period. The factors that propel its growth include increasing incidences of lifestyle diseases such as hypertension and diabetes along with rising awareness about self-monitoring devices. Moreover, technological advancements in this field further boost the demand for blood pressure monitors or cuffs during sports events or any other activities where continuous monitoring is required.
Heart Rate Monitoring Product:
The heart rate monitoring product is used to measure the heart rate of patient during any medical examination or workout. The most commonly used devices are chest straps and finger pulse oximeters. Heart rate monitoring products are also incorporated in fitness watches, which help in tracking the number of calories burnt as well as setting a goal for achieving a certain amount of exercise goals by the user.
Application Insights:
The hospital segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to factors such as increasing geriatric population, which leads to an increase in cardiovascular diseases (CVDs). Moreover, a rise in CVDs has ledto an increased number of patients visiting hospitals for treatment. As a result, demand for wearables is expected to increase at a significant rate during the forecast period.
Household application segment is anticipated to witness considerable growth over the forecast period owing to rising awareness about early detection of cardiac problems among individuals aged 40 years and above. Furthermore, growing prevalence of chronic respiratory diseases like asthma will boost product demand further.
Regional Analysis:
North America dominated the global wearable patient monitor market in 2017. This can be attributed to various factors such as increasing prevalence of chronic diseases, high disposable income, and availability of advanced healthcare infrastructure. Moreover, rising awareness regarding the benefits of these monitors is anticipated to fuel their demand during the forecast period. Europe also held a significant share in this market owing to growing geriatric population base and an increase in cardiovascular disorders among them.
Asia Pacific region is expected to witness lucrative growth over the forecast period owing to improving economic conditions.
Growth Factors:
- Increasing demand for wearable patient monitors from the healthcare sector to improve patient care and reduce costs.
- Growing popularity of fitness trackers and other wearable devices, which is expected to drive demand for wearable patient monitors.
- Rapid technological advancements in the field of wearables that is expected to fuel growth of the market over the forecast period.
- Rising awareness about health and fitness among consumers, which is likely to boost adoption of wearable patient monitors in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Patient Monitor Market Research Report
By Type
Blood Pressure Monitoring Products, Heart Rate Monitoring Product, Respiratory Monitoring Product, Other Monitoring Products
By Application
Hospital, Clinic, Household, Other
By Companies
Philip, Medtronic, Apple, Equivital, BioBeat Technologies, Vital Connect, iRhythm Technologies, Caretaker Medical, Masimo, Biopac Systems, Thought Technology, HealthSTATS International, Shenzhen Hingmed Medical, Intelesens
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Patient Monitor Market Report Segments:
The global Wearable Patient Monitor market is segmented on the basis of:
Types
Blood Pressure Monitoring Products, Heart Rate Monitoring Product, Respiratory Monitoring Product, Other Monitoring Products
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
Hospital, Clinic, Household, Other
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:
- Philip
- Medtronic
- Apple
- Equivital
- BioBeat Technologies
- Vital Connect
- iRhythm Technologies
- Caretaker Medical
- Masimo
- Biopac Systems
- Thought Technology
- HealthSTATS International
- Shenzhen Hingmed Medical
- Intelesens
Highlights of The Wearable Patient Monitor 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:
- Blood Pressure Monitoring Products
- Heart Rate Monitoring Product
- Respiratory Monitoring Product
- Other Monitoring Products
- By Application:
- Hospital
- Clinic
- Household
- Other
- 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 Wearable Patient Monitor 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:
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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?
A wearable patient monitor is a device that is worn on the body, typically by patients, to track their health and activity. Wearable patient monitors may include sensors to measure heart rate, blood pressure, oxygen levels, and other vital signs; GPS tracking capabilities; and communication features to allow caregivers or family members to check on the patient's health remotely.
Some of the key players operating in the wearable patient monitor market are Philip, Medtronic, Apple, Equivital, BioBeat Technologies, Vital Connect, iRhythm Technologies, Caretaker Medical, Masimo, Biopac Systems, Thought Technology, HealthSTATS International, Shenzhen Hingmed Medical, Intelesens.
The wearable patient monitor market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable Patient Monitor 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 Wearable Patient Monitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Patient Monitor 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 Wearable Patient Monitor 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 Wearable Patient Monitor Market Size & Forecast, 2020-2028
4.5.1 Wearable Patient Monitor Market Size and Y-o-Y Growth
4.5.2 Wearable Patient Monitor Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Blood Pressure Monitoring Products
5.2.2 Heart Rate Monitoring Product
5.2.3 Respiratory Monitoring Product
5.2.4 Other Monitoring Products
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Household
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Patient Monitor 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 Wearable Patient Monitor 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Blood Pressure Monitoring Products
9.6.2 Heart Rate Monitoring Product
9.6.3 Respiratory Monitoring Product
9.6.4 Other Monitoring Products
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 Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Household
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Blood Pressure Monitoring Products
10.6.2 Heart Rate Monitoring Product
10.6.3 Respiratory Monitoring Product
10.6.4 Other Monitoring Products
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 Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Household
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Blood Pressure Monitoring Products
11.6.2 Heart Rate Monitoring Product
11.6.3 Respiratory Monitoring Product
11.6.4 Other Monitoring Products
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 Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Household
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Blood Pressure Monitoring Products
12.6.2 Heart Rate Monitoring Product
12.6.3 Respiratory Monitoring Product
12.6.4 Other Monitoring Products
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 Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Household
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Blood Pressure Monitoring Products
13.6.2 Heart Rate Monitoring Product
13.6.3 Respiratory Monitoring Product
13.6.4 Other Monitoring Products
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) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Household
13.10.4 Other
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 Wearable Patient Monitor Market: Competitive Dashboard
14.2 Global Wearable Patient Monitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philip
14.3.2 Medtronic
14.3.3 Apple
14.3.4 Equivital
14.3.5 BioBeat Technologies
14.3.6 Vital Connect
14.3.7 iRhythm Technologies
14.3.8 Caretaker Medical
14.3.9 Masimo
14.3.10 Biopac Systems
14.3.11 Thought Technology
14.3.12 HealthSTATS International
14.3.13 Shenzhen Hingmed Medical
14.3.14 Intelesens
