Market Overview:
The global wearable medical monitoring smart 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 chronic diseases, rising awareness about the benefits of wearable medical devices, and technological advancements in wearable medical devices. The global wearable medical monitoring smart device market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into smart bracelets, smart watches, and others. The others segment includes head-mounted displays (HMDs), eyeglasses-type displays (EGDs), body-worn sensors/monitors (BWSMs), and other types of wearables. On the basis of application, the market is divided into vital signs detection, blood glucose monitoring sleep monitoring ,and others .On th ebasis o fregion ,t he ma rket i s se gmente d int o North America,, Latin America,, Europe Asia Pacific,, Middle East & Africa).
Product Definition:
A wearable medical monitoring smart device is a portable electronic device that monitors and records health data, such as heart rate, blood pressure, and blood sugar levels. This data can then be accessed by the patient or their doctor to help them make better health decisions. The importance of wearable medical monitoring smart devices is that they provide patients with a more accurate picture of their overall health, which can help them prevent or manage chronic conditions.
Smart Bracelet:
Smart Bracelet is a wrist-worn device that monitors vital signs such as heart rate, blood oxygen level, and body temperature. It also provides the information regarding the physical activity of an individual. The smart bracelets are connected to a smartphone application that displays all this information on a mobile screen.
The market for wearable medical monitoring devices has been growing at an exponential rate over the past few years due to technological advancements in this field and increasing awareness among people about these devices.
Smart Watch:
Smart watch is a wrist-worn wearable device that provides information about heart rate, blood oxygen level, and other essential health statistics. It also allows the user to check emails and messages as well as control their phone from a distance. The smartwatch market is still in its nascent stage; hence it offers many opportunities for new entrants in the wearable medical monitoring device market.
Application Insights:
The vital signs detection segment dominated the market in 2017. This is attributed to the increasing prevalence of chronic diseases and rising demand for real-time data on a user¢â‚¬â„¢s health. According to a study published in JAMA Network Open, researchers found that wearables can help improve patients¢â‚¬â„¢ compliance with medical monitoring devices by 80%. The device manufacturers are focusing on developing products with advanced features and software updates over the internet, which will further boost their adoption.
Blood glucose monitoring is expected to be one of the fastest growing segments during the forecast period owing to its ability to detect hyperglycemia or hypoglycemia quickly than conventional testing methods such as paper strips or blood tests done at home.
Regional Analysis:
North America dominated the global wearable medical monitoring smart device market in 2017. This can be attributed to the presence of a large number of players, high adoption rate for advanced wearable devices, and rising healthcare expenditure in this region. In addition, favorable government initiatives such as the launch of Apple HealthKit are expected to fuel growth during the forecast period. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing investments by industry leaders and an increase in awareness regarding various health issues associated with tobacco smoking or second-hand smoke exposure.
Moreover, supportive regulations framed by regulatory bodies such as FDA & EMEA governing digital health products may also spur regional market growth over next eight years.
Growth Factors:
- Increasing demand for wearable medical devices from geriatric population
- Rising prevalence of chronic diseases and lifestyle-related disorders
- Technological advancements in the field of wearable medical devices
- Growing awareness about the benefits of wearable medical devices among consumers
- Proliferation of health and fitness apps that can be integrated with wearable medical monitoring smart devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Medical Monitoring Smart Device Market Research Report
By Type
Smart Bracelet, Smart Watch, Others
By Application
Vital Signs Detection, Blood Glucose Monitoring, Sleep Monitoring, Others
By Companies
Apple, Samsung, MI, ZTE, Lenovo, Microsoft, Google, Facebook, HUAWEI, Sony, Tencent, Baidu
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Medical Monitoring Smart Device Market Report Segments:
The global Wearable Medical Monitoring Smart Device market is segmented on the basis of:
Types
Smart Bracelet, Smart Watch, Others
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
Vital Signs Detection, Blood Glucose Monitoring, Sleep Monitoring, 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
- Samsung
- MI
- ZTE
- Lenovo
- Microsoft
- Google
- Facebook
- HUAWEI
- Sony
- Tencent
- Baidu
Highlights of The Wearable Medical Monitoring Smart 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:
- Smart Bracelet
- Smart Watch
- Others
- By Application:
- Vital Signs Detection
- Blood Glucose Monitoring
- Sleep Monitoring
- 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 Wearable Medical Monitoring Smart 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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- Correctly Positioning New 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 medical monitoring smart device is a small, lightweight device that can be worn on the body to track health and fitness data. These devices typically include sensors that measure heart rate, blood pressure, temperature, and other vital signs. They also often include a display screen and an app for tracking data.
Some of the major companies in the wearable medical monitoring smart device market are Apple, Samsung, MI, ZTE, Lenovo, Microsoft, Google, Facebook, HUAWEI, Sony, Tencent, Baidu.
The wearable medical monitoring smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart Device Market - Supply Chain
4.5. Global Wearable Medical Monitoring Smart Device Market Forecast
4.5.1. Wearable Medical Monitoring Smart Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable Medical Monitoring Smart Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wearable Medical Monitoring Smart Device Market Absolute $ Opportunity
5. Global Wearable Medical Monitoring Smart 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 Medical Monitoring Smart Device Market Size and Volume Forecast by Type
5.3.1. Smart Bracelet
5.3.2. Smart Watch
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wearable Medical Monitoring Smart 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 Medical Monitoring Smart Device Market Size and Volume Forecast by Application
6.3.1. Vital Signs Detection
6.3.2. Blood Glucose Monitoring
6.3.3. Sleep Monitoring
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wearable Medical Monitoring Smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart Device Demand Share Forecast, 2019-2026
9. North America Wearable Medical Monitoring Smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart Device Market Size and Volume Forecast by Application
9.4.1. Vital Signs Detection
9.4.2. Blood Glucose Monitoring
9.4.3. Sleep Monitoring
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wearable Medical Monitoring Smart Device Market Size and Volume Forecast by Type
9.7.1. Smart Bracelet
9.7.2. Smart Watch
9.7.3. Others
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 Medical Monitoring Smart Device Demand Share Forecast, 2019-2026
10. Latin America Wearable Medical Monitoring Smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart Device Market Size and Volume Forecast by Application
10.4.1. Vital Signs Detection
10.4.2. Blood Glucose Monitoring
10.4.3. Sleep Monitoring
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wearable Medical Monitoring Smart Device Market Size and Volume Forecast by Type
10.7.1. Smart Bracelet
10.7.2. Smart Watch
10.7.3. Others
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 Medical Monitoring Smart Device Demand Share Forecast, 2019-2026
11. Europe Wearable Medical Monitoring Smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart Device Market Size and Volume Forecast by Application
11.4.1. Vital Signs Detection
11.4.2. Blood Glucose Monitoring
11.4.3. Sleep Monitoring
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wearable Medical Monitoring Smart Device Market Size and Volume Forecast by Type
11.7.1. Smart Bracelet
11.7.2. Smart Watch
11.7.3. Others
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 Wearable Medical Monitoring Smart Device Demand Share, 2019-2026
12. Asia Pacific Wearable Medical Monitoring Smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart Device Market Size and Volume Forecast by Application
12.4.1. Vital Signs Detection
12.4.2. Blood Glucose Monitoring
12.4.3. Sleep Monitoring
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wearable Medical Monitoring Smart Device Market Size and Volume Forecast by Type
12.7.1. Smart Bracelet
12.7.2. Smart Watch
12.7.3. Others
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 Medical Monitoring Smart Device Demand Share, 2019-2026
13. Middle East & Africa Wearable Medical Monitoring Smart 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 Medical Monitoring Smart 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 Medical Monitoring Smart Device Market Size and Volume Forecast by Application
13.4.1. Vital Signs Detection
13.4.2. Blood Glucose Monitoring
13.4.3. Sleep Monitoring
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wearable Medical Monitoring Smart Device Market Size and Volume Forecast by Type
13.7.1. Smart Bracelet
13.7.2. Smart Watch
13.7.3. Others
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 Medical Monitoring Smart Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wearable Medical Monitoring Smart Device Market: Market Share Analysis
14.2. Wearable Medical Monitoring Smart Device Distributors and Customers
14.3. Wearable Medical Monitoring Smart 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. Samsung
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ZTE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lenovo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Microsoft
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Google
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Facebook
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HUAWEI
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sony
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tencent
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Baidu
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
