Market Overview:
The global smart wearable healthcare 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 wireless device products, rising prevalence of chronic diseases, and growing awareness about the benefits of using smart wearable healthcare devices. By type, the global smart wearable healthcare devices market is segmented into sensor wearable healthcare device and wireless device products. The sensor wearable healthcare device segment is further sub-segmented into activity trackers, ECG monitors, blood pressure monitors, and others (including weight scales and glucometers). The wireless device product segment is further sub-segmented into hearing aids, insulin pumps, pacemakers & ICDs (implantable cardioverter defibrillators), and others (including neurostimulators). By application, the global smart wearable healthcare devices market is divided into hospital & clinics; home care; other applications including sports & fitness centers; research institutes; military organizations; prisons/correctional facilities; long-term care facilities such as nursing homes or assisted living communities); and other end users including patients’ family members or caregivers.
Product Definition:
A wearable device that is capable of monitoring and recording health data, such as heart rate, blood pressure, or step count. Smart wearable healthcare devices can provide feedback to the user on their health status, and may also be able to communicate with other devices or healthcare providers to help manage patient care.
Sensor Wearable Healthcare Device:
Sensor wearable healthcare devices are electronic devices that gather information from the environment and transfer it to a portable device. They are used for various applications such as physiological monitoring, motion sensing, health tracking, and disease detection. The data obtained from these sensors is then transferred to the patient's smartphone or tablet where they can analyze the results and take necessary actions.
Wireless Device Products:
The global wireless device products and it's usage in smart wearable healthcare devices market size was valued at USD 6.1 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for technologically advanced, compact, mobile, and sophisticated medical equipment has led to the growth of this industry.
Application Insights:
The hospital and clinics segment dominated the global smart wearable healthcare devices market in 2017. This can be attributed to the increasing prevalence of chronic diseases such as diabetes, cardiac disorders, respiratory problems, and obesity which require regular monitoring. Furthermore, rising awareness about these products due to their benefits is also expected to drive growth over the forecast period. The home care application segment is anticipated to witness substantial growth over the forecast period owing to growing geriatric population base across various regions coupled with rising incidences of cardiovascular diseases and other associated conditions.
The other application segment includes remote patient monitoring & telemedicine which requires constant data transmission between patients and hospitals or clinics resulting in high demand for wireless wearable healthcare devices that do not require a battery source (removable or rechargeable). These products are also used for physical rehabilitation at home after discharge from hospitals thus driving growth across various regions worldwide.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government funding for research and development, rising geriatric population, and technological advancements in healthcare facilities across this region. Moreover, high adoption of smart devices such as fitness monitors by individuals is driving regional growth.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure due to increased government spending on health care and growing awareness about wearable medical devices among patients & physicians especially in developing countries like India & China which are considered emerging economies with a large consumer base that has high purchasing power thus making it easier for manufacturers/suppliers of these devices catering mainly towards developed economies (North America & Europe) but also including some developing ones (like Latin America) where there's a higher penetration rate of these products than ever before).
Growth Factors:
- Increasing demand for preventive healthcare: The global population is aging and this is leading to an increase in the prevalence of chronic diseases such as diabetes, heart disease, and arthritis. This is driving demand for smart wearable healthcare devices that can help people manage their health conditions proactively.
- Rising awareness about the benefits of wearable technology: There has been a growing awareness about the benefits of using wearable technology for health and fitness among consumers in recent years. This is helping to drive demand for smart wearable healthcare devices.
- Advances in sensor technology: The development of new sensors that can track a wider range of health parameters is helping to fuel growth in the smart wearable healthcare devices market. These sensors are becoming smaller and more affordable, making them more accessible to consumers.
- . Growing popularity of mobile apps: Smartphone users are increasingly turning to mobile apps to track their physical activity, diet, and sleep patterns. This is providing a boost to the market for smart wearable healthcare devices as these devices can often be integrated with popular mobile apps seamlessly . 5) Increasing focus on workplace wellness initiatives: Many companies are now investing in workplace wellness initiatives that encourage employees to lead healthier lifestyles by using fitness tracking bands or other types of smart wearables
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Wearable Healthcare Devices Market Research Report
By Type
Sensor Wearable Healthcare Device, Wireless Device Products, Other
By Application
Hospital & Clinics, Home Care, Other
By Companies
Apple, Fitbit, Google, Samsung Electronics, 3L Labs, Andon Health, Quell, Valedo Therapy, Chrono Therapeutics Inc., Cyrcadia Health, Abbott, ISono Health, Leaf Healthcare
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Smart Wearable Healthcare Devices Market Report Segments:
The global Smart Wearable Healthcare Devices market is segmented on the basis of:
Types
Sensor Wearable Healthcare Device, Wireless Device Products, 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
Hospital & Clinics, Home Care, 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:
- Apple
- Fitbit
- Google
- Samsung Electronics
- 3L Labs
- Andon Health
- Quell
- Valedo Therapy
- Chrono Therapeutics Inc.
- Cyrcadia Health
- Abbott
- ISono Health
- Leaf Healthcare
Highlights of The Smart Wearable Healthcare 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:
- Sensor Wearable Healthcare Device
- Wireless Device Products
- Other
- By Application:
- Hospital & Clinics
- Home Care
- 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 Smart Wearable Healthcare 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.
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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?
Smart wearable healthcare devices are wearable devices that can be used to monitor and manage a person's health. These devices can include sensors that track heart rate, blood pressure, and other vital signs; cameras that capture images of the body; and communication capabilities so doctors or caregivers can remotely access information about a patient's health.
Some of the key players operating in the smart wearable healthcare devices market are Apple, Fitbit, Google, Samsung Electronics, 3L Labs, Andon Health, Quell, Valedo Therapy, Chrono Therapeutics Inc., Cyrcadia Health, Abbott, ISono Health, Leaf Healthcare.
The smart wearable healthcare devices market is expected to register a CAGR of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Wearable Healthcare Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Wearable Healthcare Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Wearable Healthcare Devices Market - Supply Chain
4.5. Global Smart Wearable Healthcare Devices Market Forecast
4.5.1. Smart Wearable Healthcare Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Wearable Healthcare Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Wearable Healthcare Devices Market Absolute $ Opportunity
5. Global Smart Wearable Healthcare Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Wearable Healthcare Devices Market Size and Volume Forecast by Type
5.3.1. Sensor Wearable Healthcare Device
5.3.2. Wireless Device Products
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Wearable Healthcare Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Wearable Healthcare Devices Market Size and Volume Forecast by Application
6.3.1. Hospital & Clinics
6.3.2. Home Care
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Wearable Healthcare Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Wearable Healthcare Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Wearable Healthcare Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Wearable Healthcare Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Wearable Healthcare Devices Demand Share Forecast, 2019-2026
9. North America Smart Wearable Healthcare Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Wearable Healthcare Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Wearable Healthcare Devices Market Size and Volume Forecast by Application
9.4.1. Hospital & Clinics
9.4.2. Home Care
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Wearable Healthcare Devices Market Size and Volume Forecast by Type
9.7.1. Sensor Wearable Healthcare Device
9.7.2. Wireless Device Products
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Wearable Healthcare Devices Demand Share Forecast, 2019-2026
10. Latin America Smart Wearable Healthcare Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Wearable Healthcare Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Wearable Healthcare Devices Market Size and Volume Forecast by Application
10.4.1. Hospital & Clinics
10.4.2. Home Care
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Wearable Healthcare Devices Market Size and Volume Forecast by Type
10.7.1. Sensor Wearable Healthcare Device
10.7.2. Wireless Device Products
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Wearable Healthcare Devices Demand Share Forecast, 2019-2026
11. Europe Smart Wearable Healthcare Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Wearable Healthcare Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Wearable Healthcare Devices Market Size and Volume Forecast by Application
11.4.1. Hospital & Clinics
11.4.2. Home Care
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Wearable Healthcare Devices Market Size and Volume Forecast by Type
11.7.1. Sensor Wearable Healthcare Device
11.7.2. Wireless Device Products
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Wearable Healthcare Devices Demand Share, 2019-2026
12. Asia Pacific Smart Wearable Healthcare Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Wearable Healthcare Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Wearable Healthcare Devices Market Size and Volume Forecast by Application
12.4.1. Hospital & Clinics
12.4.2. Home Care
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Wearable Healthcare Devices Market Size and Volume Forecast by Type
12.7.1. Sensor Wearable Healthcare Device
12.7.2. Wireless Device Products
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Wearable Healthcare Devices Demand Share, 2019-2026
13. Middle East & Africa Smart Wearable Healthcare Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Wearable Healthcare Devices Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Wearable Healthcare Devices Market Size and Volume Forecast by Application
13.4.1. Hospital & Clinics
13.4.2. Home Care
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Wearable Healthcare Devices Market Size and Volume Forecast by Type
13.7.1. Sensor Wearable Healthcare Device
13.7.2. Wireless Device Products
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Wearable Healthcare Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Wearable Healthcare Devices Market: Market Share Analysis
14.2. Smart Wearable Healthcare Devices Distributors and Customers
14.3. Smart Wearable Healthcare Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Apple
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fitbit
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Google
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Samsung Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. 3L Labs
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Andon Health
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Quell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Valedo Therapy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chrono Therapeutics Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cyrcadia Health
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Abbott
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ISono Health
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Leaf Healthcare
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
