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Global Wearable Medical Device Market 2016 Share, Trend, Segmentation and Forecast to 2020

Wednesday, November 9, 2016 21:43
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The Global Wearable Medical Devices Market has been estimated at USD 3.3 billion in 2015 and is projected to reach USD 7.8 billion by 2020, at a CAGR of 17.7% during the forecast period from 2015 to 2020. 
Wearable medical electronics devices are devices that act as biosensors and are attached to the human body to detect and monitor changes in certain crucial body signatures of various areas in the body and capture physiological data. Keeping their function in mind, these devices are designed to be non-invasive in nature, autonomous in functioning, and are primarily used in clinical monitoring. Electronic wearable medical devices serve multiple functions, such as monitoring blood sugar, glucose, and chronic diseases like heart diseases, diabetes, and various other parameters. They also provide local processing, feedbacks and reports, communication capabilities, and easy & timely sensing abilities. Activity monitors, smart clothing, smart equipment, and smart watches are a few examples of the same. 
These wearable medical devices offer solutions to both physicians and health care providers. The services/solutions offered can be categorized into four segments, namely, disease management, monitoring & feedback, rehabilitation, and health & fitness processes. The monitoring and feedback solutions segment accounted for more than 70.0% share of the global wearable medical device market in 2015. 

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This market is driven by a number of factors, such as the large number of ongoing projects and innovations in the healthcare and electronics sectors, the rising incidences of chronic diseases among all demographics, the growing capabilities, and the ease of use of medical devices. However, this market faces certain drawbacks, such as high costs of devices, issues in reimbursement, and lack of awareness in the developing countries, such as India, Brazil, Mexico, and others,. These factors may act as a roadblock to the growth of the market. 
This market can be broadly segmented into diagnostic wearable market and therapeutic wearable. These are again segmented according to the particular functions of the devices as wearable vital sign monitors, global wearable foetal monitors, obstetric devices, and neuro-monitoring devices; and wearable pain management medical devices, glucose/insulin monitoring devices, and wearable respirator devices respectively. This technology has applications in sports and fitness, patient monitoring and home healthcare. Market study indicates that the home health monitoring segment accounts for the largest share in this market. This is due to the ease-of-use and the accuracy of these wearable devices. 
The market has also been geographically segmented into North America, Europe, Asia-Pacific, South America and, Middle East and Africa, with North America occupying the largest consumer base in the world. Europe and APAC follow the list in the same order. The growing chronic illnesses in Asia-Pacific have made this region an area of immense potential and opportunities. However, the price sensitivity in this region has considerably hindered the growth of this market. 
The market has more relevance today since trends show that people prefer a more independent life without the support of others. This technology is specially inclined for the ill and aged population, for whom home healthcare is quite vital. 
The major companies dominating this market for its products, services, and continuous product developments are Basis Science, Coventis Inc., Draeger, Everist Genomics Inc., Fitbit Inc., Intelensens Ltd., Lifewatch AG, Nuubo, Omron Corporation, Philips Electronics, Polar Electro, Sotera Wireless Inc., Zephyr Technology, and Withings. The current trends in mergers and acquisitions indicate that the smaller companies are acquiring the bigger ones for higher innovations by utilizing their core competencies. The technology offers a huge potential of change in treating patients all over the world. 
Key Deliverables in the Study 
1. Market analysis for the Global Wearable Medical Devices Market, with region specific assessments and competition analysis on global and regional scales 
2. Market definition along with the identification of key drivers and restraints 
3. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale 
4. Extensively researched competitive landscape section with profiles of major companies along with their market shares 
5. Identification and analysis of the macro and micro factors that affect the global wearable medical devices market on both global and regional scales

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Key points in table of content

Introduction 
Study deliverables 
Market Definition 
Sizing Units 
Base Currency 
Review and Forecast period 
General Study Assumptions 
Research Methodology 
Introduction 
Analysis Methodology 
Econometric Forecast 
Research Assumptions 
Executive Summary 
Market Overview and Industry Trends 
Current Market Senario 
Wearable Medical Devices Overview 
New Developments 
Industry Value chain analysis 
Porter’s Five Forces 
Bargaining Power of Suppliers 
Bargaining Power of Consumers 
Threat to new entrants 
Threat to substitute products and services 
Competitive Rivalry within the industry 
Drivers, Restraints, Opportunities, and challenges Analysis 
Market Drivers 
High technological innovations 
Greater incidence of chronic diseases 
Rising Purchasing Power 
Popularity in the fitness segment 
Influx of Original Device Manufacturers (ODM) 
Market Restraints 
High Cost of devices 
Reimbursement issue 
Data security 
Hindrance due to governmental regulations 
Key Challenges 
Current Opportunities in the Market 
Large population of diabetic patients in Asia-Pacific (APAC) 
Stress on analyzing the data collected 
Increase in start-ups 
Global Wearable Medical Devices market, by Device Type 
Global Monitoring and Diagnostic Wearable Device Market 
Sleep Monitoring Devices 
Wrist Actigraphs 
Sleep Trackers 
Wearable Polysomnograph 
Fetal Monitors and Obstetric Devices 
Wearable Fetal Monitors 
Fetal Visualization Devices 
Infant Motion Sensing Monitors 
Wearable Pre-natal Audio Belts 
Neuro-monitoring Devices 
Electroencephalographs 
Electromyographs 
Global Wearable Vital Sign Monitors 
Wearable Heart Rate Monitors 
Wearable Activity Monitors 
Wearable Electrocardiographs 
Wearable Pulse Oximeters 
Wearable Spirometers 
Wearable Blood Pressure Monitors 
Others 
Global Therapeutic Wearable Device Market 
Global Wearable Pain Management Devices 
Global Glucose/Insulin Monitoring Devices 
Global Wearable Respiratory Therapy Devices 
Global Wearable Rehabilitation Devices 
Accelerometers 
Wearable Sensing Devices 
Wearable Ultrasound Platform 
Global Health and Fitness Devices 
Activity Tracker 
Fitness Tracker 
Sports Tracker 
Global Wearable Medical Devices market, by Applications 
Sports and Fitness 
Remote Patient Monitoring 
Home Healthcare 
Global Wearable Medical devices market, by Geography 
North America 
United States 
Canada 
Mexico 
Europe 
Germany 
United Kingdom 
France 
Italy 
Spain & Portugal 
Scandinavia 
BENELUX 
Asia-Pacific (APAC) 
China 
Japan 
India 
Australia & Newzealand 
South Korea 
Rest of APAC 
Middle-East and Africa (MEA) 
GCC 
Egypt 
Morocco 
Algeria 
South Africa 
Rest of MEA 
South America 
Brazil 
Argentina 
Rest of Latin America 
Competitive Landscape 
Merger and acquisition analysis 
New Product Launches 
Agreements, Collaborations and Parterships 
Key Vendor Analysis 
Basis Science, Inc 
Corventis, Inc 
Draeger 
Everist Genomics, Inc. 
Fitbit, Inc. 
Intelesens Ltd. 
Garmin 
LifeWatch AG 
Nuubo 
Omron Corporation 
Philips Electronics 
Polar Electro 
Sotera Wireless 
Withings 
Zephyr Technology Corporation 
Jawbone UP 
ConnecteDevice Ltd. 
Pebble Technology Corporation 
Movea Inc. 
Razer Inc. 
Misfit Wearables 
Analyst outlook for Investment opportunities 
Future Outlook of the market 

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