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Wearable Medical Device Market Size To Reach US$ 89.45 billion by 2027

[150+ Pages Report] The wearable medical device market is expected to grow at a CAGR of 25.6% during forecast period 2021 to 2027 and is projected to reach around US$ 89.45 billion by 2027.

The wearable medical device market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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This research report evaluates the wearable medical device market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global wearable medical device market for the period from 2017 to 2027.

Growth Factors

In addition to this, rise in the sedentary lifestyle has prominently propelled the prevalence of lifestyle-related disorders, such as hypertension and diabetes that is again predicted to boom over the forecast timeframe. Some of these disorders demand continuous monitoring, for instance, blood pressure levels and blood sugar that in turn estimated to uplift the demand for wearable medical devices. Thus, increase in the mortality rate because of non-communicable diseases is a major concern that demands increased focus towards personalized care and monitoring. Hence, this shifting focus towards personalized care eventually anticipated to prosper the product demand.

However, rising concern for data security along with increasing incidences of data breach has prominently surged the user concern for such devices this in turn is likely to restrict the market growth in the upcoming years. Nonetheless, integration of advanced technologies such as Internet of Things (IoT) and Artificial Intelligence (AI) together growing preference for smart devices anticipated to create alluring opportunities in the market.

In addition to this, rise in the sedentary lifestyle has prominently propelled the prevalence of lifestyle-related disorders, such as hypertension and diabetes that is again predicted to boom over the forecast timeframe. Some of these disorders demand continuous monitoring, for instance, blood pressure levels and blood sugar that in turn estimated to uplift the demand for wearable medical devices. Thus, increase in the mortality rate because of non-communicable diseases is a major concern that demands increased focus towards personalized care and monitoring. Hence, this shifting focus towards personalized care eventually anticipated to prosper the product demand.

However, rising concern for data security along with increasing incidences of data breach has prominently surged the user concern for such devices this in turn is likely to restrict the market growth in the upcoming years. Nonetheless, integration of advanced technologies such as Internet of Things (IoT) and Artificial Intelligence (AI) together growing preference for smart devices anticipated to create alluring opportunities in the market.

Market Report Scope

Report Highlights Details
Market Size USD 89.45 Billion by 2027
Growth Rate CAGR of 25.6% From 2020 to 2027
Base Year 2020
Historic Data 2017 To 2020
Forecast Period 2020 To 2027
Segments Covered Site, Product, Application
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global wearable medical device market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global wearable medical device market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

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Competition Landscape

In the final section of the research report, Precedence Research provided the global wearable medical device market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the wearable medical device market include:

Market Segmentation

By Site

By Product

By Application

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Most Asked Questions –

What was the market size value of the wearable medical device in 2020?

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What is the wearable medical device market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the wearable medical device market?

Why Buy this Report?

The purpose of Precedence Research’s wearable medical device market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Wearable Medical Device Market, By Product

7.1. Wearable Medical Device Market, by Product Type, 2020-2027
7.1.1. Therapeutic Devices (Insulin/Glucose Monitoring Devices, Pain Management Devices, Respiratory Therapy Devices, Rehabilitation Devices)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Diagnostic Devices (Sleep Monitoring Devices, Vital Sign Monitoring Devices, Neuromonitoring Devices, Electrocardiographs Fetal & Obstetric Devices)
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Wearable Medical Device Market, By Application

8.1. Wearable Medical Device Market, by Application, 2020-2027
8.1.1. Remote Patient Monitoring
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Sports & Fitness
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Home Healthcare
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Wearable Medical Device Market, By Site

9.1. Wearable Medical Device Market, by Site, 2020-2027
9.1.1. Headband
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Handheld
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Shoe Sensors
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Strap/Clip/Bracelet
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Wearable Medical Device Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Site (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Site (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Site (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Site (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Site (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Site (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Site (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Site (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Site (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Site (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Site (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Site (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Site (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Site (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Site (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Site (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Site (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Site (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Site (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Site (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Site (2016-2027)

Chapter 11. Company Profiles

11.1. Koninklijke Philips N.V.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Medtronic Plc
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Sotera Wireless
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Omron Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Polar Electro
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Everist Health
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Intelesens Ltd
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Fitbit Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Withings
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Vital Connect
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Garmin Ltd.
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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