Market Overview:
The global wearable heart device 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 prevalence of cardiovascular diseases, growing awareness about heart health, and technological advancements in wearable heart devices. Based on type, the global wearable heart device market can be segmented into wrist type and wearing type. The wrist type segment is expected to account for the majority share of the global wearable heart device market in 2018 owing to its high adoption rate among consumers. By application, the sleeping segment is expected to account for a major share of the global wearable heart device market in 2018 due to increasing awareness about sleep apnea and its adverse effects on overall health.
Product Definition:
A wearable heart device is a medical device that is worn on or about the body to monitor or treat a medical condition. These devices can include cardiac monitors, defibrillators, and pacemakers. The use of wearable heart devices can help improve patient outcomes by providing real-time information on the patient's heart health.
Wrist Type:
Wrist-worn devices are used to monitor heart rate and blood oxygen levels. The increasing demand for such devices is attributed to the growing prevalence of cardiovascular diseases, rising geriatric population, and technological advancements in wearable medical device industry.
The global wrist worn heart rate monitor market was valued at USD 759 million in 2014.
Wearing Type:
Wearable heart devices are used to monitor and detect abnormal heartbeats or arrhythmias. The most common type of wearable device is an electrocardiogram (ECG) which monitors the electrical activity of the heart.
Application Insights:
The medical application segment dominated the global wearable heart device market in 2017. This can be attributed to the increasing prevalence of cardiovascular diseases and rising geriatric population, especially in countries such as China and India. According to a study published by researchers from Nanfang Hospital of Southern Medical University, Guangzhou, China; over 1/3rd of adults have at least one risk factor for cardiovascular diseases. Furthermore, according to a study published by researchers from Erasmus University Medical Center & Radiumhospital Rotterdam, Netherlands; it is estimated that around 20% of people aged between 40-70 years have significant structural heart valve problems which are not detected by conventional methods used for cardiac screening. These factors indicate that there is an urgent need for early detection of structural heart valve problems which may lead to complications in future. Therefore, development of wearable devices that can detect early signs of cardiology disorders is expected to drive demand over the forecast period.
Regional Analysis:
North America dominated the global wearable heart device market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced medical devices, and favorable government initiatives are some factors responsible for its large share. For instance, in December 2016, the U.S FDA approved CardioSTAT Wearable ECG Device that can be worn on upper arms or around neck to record electrocardiogram (ECG) data and transmit it wirelessly to a base station for later analysis by physicians. Europe is expected to grow at a significant CAGR over the forecast period owing to increasing R&D investments by various companies as well as an increase in public awareness regarding early diagnosis of cardiac diseases thereby boosting sales of these products within this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing with growing geriatric population coupled with rising incidences cardiovascular diseases such as stroke and myocardial infarction (MI).
Growth Factors:
- Increasing prevalence of cardiovascular diseases (CVDs)
- Growing geriatric population
- Rising awareness about the benefits of wearable heart devices
- Technological advancements in wearable heart device industry
- Government initiatives and funding for research and development in the field of wearable heart devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Heart Device Market Research Report
By Type
Wrist Type, Wearing Type
By Application
Sleeping, Sports, Medical, Other
By Companies
Apple, Garmin, Samsung, Sony, Motorola, LG, Asus, Epson, Sigma, Mio, Nike, Polar, Fitbit, Casio, TAG Heuer, TomTom, Suunto, Omron, Soleus
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Heart Device Market Report Segments:
The global Wearable Heart Device market is segmented on the basis of:
Types
Wrist Type, Wearing Type
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
Sleeping, Sports, Medical, 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
- Garmin
- Samsung
- Sony
- Motorola
- LG
- Asus
- Epson
- Sigma
- Mio
- Nike
- Polar
- Fitbit
- Casio
- TAG Heuer
- TomTom
- Suunto
- Omron
- Soleus
Highlights of The Wearable Heart Device 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 Type
- Wearing Type
- By Application:
- Sleeping
- Sports
- Medical
- 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 Heart Device 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?
A wearable heart device is a type of medical device that is worn on the body, typically on the chest. Wearable heart devices are used to monitor and treat conditions related to the heart, such as arrhythmia (irregular heartbeat), angina (chest pain), and myocardial infarction (heart attack).
Some of the major companies in the wearable heart device market are Apple, Garmin, Samsung, Sony, Motorola, LG, Asus, Epson, Sigma, Mio, Nike, Polar, Fitbit, Casio, TAG Heuer, TomTom, Suunto, Omron, Soleus.
The wearable heart device market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable Heart Device 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. Wearable Heart Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wearable Heart Device Market - Supply Chain
4.5. Global Wearable Heart Device Market Forecast
4.5.1. Wearable Heart Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable Heart Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wearable Heart Device Market Absolute $ Opportunity
5. Global Wearable Heart Device 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. Wearable Heart Device Market Size and Volume Forecast by Type
5.3.1. Wrist Type
5.3.2. Wearing Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wearable Heart Device 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. Wearable Heart Device Market Size and Volume Forecast by Application
6.3.1. Sleeping
6.3.2. Sports
6.3.3. Medical
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wearable Heart Device 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. Wearable Heart Device 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 Wearable Heart Device 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. Wearable Heart Device 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 Wearable Heart Device Demand Share Forecast, 2019-2026
9. North America Wearable Heart Device 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 Wearable Heart Device 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 Wearable Heart Device Market Size and Volume Forecast by Application
9.4.1. Sleeping
9.4.2. Sports
9.4.3. Medical
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wearable Heart Device Market Size and Volume Forecast by Type
9.7.1. Wrist Type
9.7.2. Wearing Type
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 Wearable Heart Device Demand Share Forecast, 2019-2026
10. Latin America Wearable Heart Device 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 Wearable Heart Device 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 Wearable Heart Device Market Size and Volume Forecast by Application
10.4.1. Sleeping
10.4.2. Sports
10.4.3. Medical
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wearable Heart Device Market Size and Volume Forecast by Type
10.7.1. Wrist Type
10.7.2. Wearing Type
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 Wearable Heart Device Demand Share Forecast, 2019-2026
11. Europe Wearable Heart Device 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 Wearable Heart Device 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 Wearable Heart Device Market Size and Volume Forecast by Application
11.4.1. Sleeping
11.4.2. Sports
11.4.3. Medical
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wearable Heart Device Market Size and Volume Forecast by Type
11.7.1. Wrist Type
11.7.2. Wearing Type
11.8. Basis Point Share (BPS) Analysisby 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 Wearable Heart Device Demand Share, 2019-2026
12. Asia Pacific Wearable Heart Device 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 Wearable Heart Device 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 Wearable Heart Device Market Size and Volume Forecast by Application
12.4.1. Sleeping
12.4.2. Sports
12.4.3. Medical
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wearable Heart Device Market Size and Volume Forecast by Type
12.7.1. Wrist Type
12.7.2. Wearing Type
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 Wearable Heart Device Demand Share, 2019-2026
13. Middle East & Africa Wearable Heart Device 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 Wearable Heart Device 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 Wearable Heart Device Market Size and Volume Forecast by Application
13.4.1. Sleeping
13.4.2. Sports
13.4.3. Medical
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wearable Heart Device Market Size and Volume Forecast by Type
13.7.1. Wrist Type
13.7.2. Wearing Type
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 Wearable Heart Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wearable Heart Device Market: Market Share Analysis
14.2. Wearable Heart Device Distributors and Customers
14.3. Wearable Heart Device 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. Garmin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Samsung
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sony
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Motorola
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Asus
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Epson
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sigma
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mio
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nike
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Polar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fitbit
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Casio
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. TAG Heuer
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. TomTom
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Suunto
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Omron
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Soleus
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
