Medical Wearables Market Report
RA01505
Medical Wearables Market, by Product (Activity Monitors/Trackers, Smartwatches, Patches, Smart Clothing), Application (General Health & Fitness, Remote Patient Monitoring, Home Healthcare), Device Type (Diagnostic & Monitoring Devices, Therapeutic Devices), Distribution Channel (Pharmacies, Online Channel, Hypermarkets), Grade Type (Consumer-grade, Clinical-grade): Global Opportunity Analysis and Industry Forecast, 2020-2027
The global medical wearables market is estimated to surpass $28,428.3 million by 2027, exhibiting a CAGR of 21.2% from 2020 to 2027.
The report provides all-inclusive analysis of global medical wearables market with comprehensive study of the various facets of the market including market dynamics, major segments and regions, top leading players, and competitive landscape.
HIGHLIGHTS OF THE REPORT
- This report is a compilation of insights acquired via a detailed study and valid inputs from industry experts & industry participants across the value chain and quantitative & qualitative assessment by analysts of the industry
- The report provides a comprehensive analysis along with the current trends of the market during the forecast period from 2020 to 2027 to identify & comprehend the prevailing opportunities and the strategic assessment of the global medical wearables market growth
- The report studies the market from 2019 to 2027 and maps the qualitative impact of several industry factors on market segments as well as geographies
- The report provides market estimations and size which is based on in-depth analysis of recent & key developments in the medical wearables market
- The development strategies implemented by the key industry players are conscripted in the report to understand the competitive scenario of the global medical wearables market
WHAT DOES THE REPORT OFFER?
The report emphasizes current market scenario and future trends of the global medical wearables market which are gleaned from the impact of various market dynamics such as drivers, challenges & restraints, lucrative opportunities. The report also highlights the key forces that are shaping the market.
In addition, the report provides market size and forecast scrutinizing the global medical wearables market through different segments. The report highlights the geographical market scenario of each of the segments thoroughly studied at regional as well as country level to get clearer picture of the global medical wearables market. In the report, the global medical wearables market is divided into four major regions including North America, Europe, Asia-Pacific, and LAMEA. These regions are further divided into major countries to cover the medical wearables market landscape in respective regions.
Furthermore, competitive scenario of the global medical wearables market is covered in the report. Major players functioning in the global medical wearables market are also studied to understand their position and competitive strengths in the industry. The major company profiles covered in the report include various company’s datum such as brief overview, recent financials, main executives, adoption of key growth strategies, novel advancements or initiatives to sustain and expand their position in the global medical wearables market, and others.
MAIN SEGMENTS OF THE MARKET
The market has been categorized based on the following segments for the convenience of research:
- Product: Activity Monitors/Trackers, Smartwatches, Patches, Smart Clothing
- Application: General Health & Fitness, Remote Patient Monitoring, Home Healthcare
- Device Type: Diagnostic & Monitoring Devices, Therapeutic Devices
- Distribution Channel: Pharmacies, Online Channel, Hypermarkets
- Grade Type: Consumer-grade, Clinical-grade
Region:
The global medical wearables market is divided into North America, Europe, Asia Pacific, and LAMEA.
The above-mentioned regions are further divided in countries as follows:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- UAE
- Rest of LAMEA
KEY MARKET PLAYERS
The report mentions the major players operating in the global medical wearables market that focus on advancements & innovations, partnerships, geographical expansion, and product portfolios to obtain a competitive edge in the market space. The major players enlisted in the report include VitalConnect, VitalConnect, Bio-Beat Technologies, Koninklijke Philips N.V..
The report summarizes various aspects of all these key players that include as follows:
1. Medtronic plc.
2. Koninklijke Philips N.V.
3. OMRON Corporation
4. Biotelemetry Inc.
5. Apple, Inc.
6. Dexcom Inc.
7. Abbott Laboratories(US), Masimo Corporation
8. GE Healthcare
9. Bio-Beat Technologies
10. iRhythm Technologies, Inc.
11. VitalConnect
12. Minttihealth
13. Preventice Solutions, Inc.
14. CONTEC Medical Systems Co. Ltd
15. Biotricity Inc.
16. Verily Life Sciences.
17. Cyrcadia Asia Limited
18. ten3T healthcare
19. Fitbit, Inc.
20. Garmin Ltd
21. Xiaomi Technologies
22. Huawei Corporation
Research Methodology
Research Dive offers its clients extensive research and analysis gleaned from wide variety of factual inputs that largely includes interview with participants of the industry, reliable data & statistics, and regional intelligence. The in-house experts of the industry play a crucial role in designing analytic tools and models, tailor-made to the requests of an industry segment. The data and statistics are sterilized with these analytical tools and models, which enhances the accuracy of our advice and recommendations.
This research report is delivered by Research Dive by conducting long hours of discussions and interviews, with a broad range of stakeholders, which includes upstream and downstream participants. Our analysts have performed a mix of primary and secondary research for the market estimations and forecasts. A number of product type literatures, industry releases, annual reports, and other related documents of major participants of the industry have been reviewed, to better understand the global medical wearables market scenario. The initial phase of our in-depth study, where we perform wide-range data mining, referring to proficient & verified data sources such as independent studies, medical journals, technical journals, releases by trade association, materials published by government & regulatory authorities, and other.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Medical Wearables Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Medical Wearables Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Medical Wearables Market, By End Use
5.1. Overview
5.2 Activity Monitors/Trackers
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Smartwatches
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Patches
5.4.1 Definition, key trends, growth factors, and opportunities
5.4.2 Market size analysis, by region, 2020-2027
5.4.3 Market share analysis, by country, 2020-2027
5.5 Smart Clothing
5.5.1 Definition, key trends, growth factors, and opportunities
5.5.2 Market size analysis, by region, 2020-2027
5.5.3 Market share analysis, by country, 2020-2027
5.6 Research Dive Exclusive Insights
5.6.1 Market attractiveness
5.6.2 Competition heatmap
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6. Medical Wearables Market, By Technology
6.1. Overview
6.2 General Health & Fitness
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 Remote Patient Monitoring
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Home Healthcare
6.4.1 Definition, key trends, growth factors, and opportunities
6.4.2 Market size analysis, by region, 2020-2027
6.4.3 Market share analysis, by country, 2020-2027
6.5 Research Dive Exclusive Insights
6.5.1 Market attractiveness
6.5.2 Competition heatmap
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7. Medical Wearables Market, By Diagnostics
7.1. Overview
7.2 Diagnostic & Monitoring Devices
7.2.1 Definition, key trends, growth factors, and opportunities
7.2.2 Market size analysis, by region, 2020-2027
7.2.3 Market share analysis, by country, 2020-2027
7.3 Therapeutic Devices
7.3.1 Definition, key trends, growth factors, and opportunities
7.3.2 Market size analysis, by region, 2020-2027
7.3.3 Market share analysis, by country, 2020-2027
7.4 Research Dive Exclusive Insights
7.4.1 Market attractiveness
7.4.2 Competition heatmap
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8. Medical Wearables Market, By Service Provider
8.1. Overview
8.2 Pharmacies
8.2.1 Definition, key trends, growth factors, and opportunities
8.2.2 Market size analysis, by region, 2020-2027
8.2.3 Market share analysis, by country, 2020-2027
8.3 Online Channel
8.3.1 Definition, key trends, growth factors, and opportunities
8.3.2 Market size analysis, by region, 2020-2027
8.3.3 Market share analysis, by country, 2020-2027
8.4 Hypermarkets
8.4.1 Definition, key trends, growth factors, and opportunities
8.4.2 Market size analysis, by region, 2020-2027
8.4.3 Market share analysis, by country, 2020-2027
8.5 Research Dive Exclusive Insights
8.5.1 Market attractiveness
8.5.2 Competition heatmap
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9. Medical Wearables Market, By Insureance Type
9.1. Overview
9.2 Consumer-grade
9.2.1 Definition, key trends, growth factors, and opportunities
9.2.2 Market size analysis, by region, 2020-2027
9.2.3 Market share analysis, by country, 2020-2027
9.3 Clinical-grade
9.3.1 Definition, key trends, growth factors, and opportunities
9.3.2 Market size analysis, by region, 2020-2027
9.3.3 Market share analysis, by country, 2020-2027
9.4 Research Dive Exclusive Insights
9.4.1 Market attractiveness
9.4.2 Competition heatmap
10. Medical Wearables Market, By Region
10.1 North America
10.1.1 U.S
10.1.1.1 Market size analysis, By End Use, 2020-2027
10.1.1.2 Market size analysis, By Technology, 2020-2027
10.1.1.3 Market size analysis, By Diagnostics, 2020-2027
10.1.1.4 Market size analysis, By Service Provider, 2020-2027
10.1.1.5 Market size analysis, By Insureance Type, 2020-2027
10.1.2 Canada
10.1.2.1 Market size analysis, By End Use, 2020-2027
10.1.2.2 Market size analysis, By Technology, 2020-2027
10.1.2.3 Market size analysis, By Diagnostics, 2020-2027
10.1.2.4 Market size analysis, By Service Provider, 2020-2027
10.1.2.5 Market size analysis, By Insureance Type, 2020-2027
10.1.3 Mexico
10.1.3.1 Market size analysis, By End Use, 2020-2027
10.1.3.2 Market size analysis, By Technology, 2020-2027
10.1.3.3 Market size analysis, By Diagnostics, 2020-2027
10.1.3.4 Market size analysis, By Service Provider, 2020-2027
10.1.3.5 Market size analysis, By Insureance Type, 2020-2027
10.1.4 Research Dive Exclusive Insights
10.1.4.1 Market attractiveness
10.1.4.2 Competition heatmap
10.2 Europe
10.2.1 Germany
10.2.1.1 Market size analysis, By End Use, 2020-2027
10.2.1.2 Market size analysis, By Technology, 2020-2027
10.2.1.3 Market size analysis, By Diagnostics, 2020-2027
10.2.1.4 Market size analysis, By Service Provider, 2020-2027
10.2.1.5 Market size analysis, By Insureance Type, 2020-2027
10.2.2 UK
10.2.2.1 Market size analysis, By End Use, 2020-2027
10.2.2.2 Market size analysis, By Technology, 2020-2027
10.2.2.3 Market size analysis, By Diagnostics, 2020-2027
10.2.2.4 Market size analysis, By Service Provider, 2020-2027
10.2.2.5 Market size analysis, By Insureance Type, 2020-2027
10.2.3 France
10.2.3.1 Market size analysis, By End Use, 2020-2027
10.2.3.2 Market size analysis, By Technology, 2020-2027
10.2.3.3 Market size analysis, By Diagnostics, 2020-2027
10.2.3.4 Market size analysis, By Service Provider, 2020-2027
10.2.3.5 Market size analysis, By Insureance Type, 2020-2027
10.2.4 Spain
10.2.4.1 Market size analysis, By End Use, 2020-2027
10.2.4.2 Market size analysis, By Technology, 2020-2027
10.2.4.3 Market size analysis, By Diagnostics, 2020-2027
10.2.4.4 Market size analysis, By Service Provider, 2020-2027
10.2.4.5 Market size analysis, By Insureance Type, 2020-2027
10.2.5 Italy
10.2.5.1 Market size analysis, By End Use, 2020-2027
10.2.5.2 Market size analysis, By Technology, 2020-2027
10.2.5.3 Market size analysis, By Diagnostics, 2020-2027
10.2.5.4 Market size analysis, By Service Provider, 2020-2027
10.2.5.5 Market size analysis, By Insureance Type, 2020-2027
10.2.6 Rest of Europe
10.2.6.1 Market size analysis, By End Use, 2020-2027
10.2.6.2 Market size analysis, By Technology, 2020-2027
10.2.6.3 Market size analysis, By Diagnostics, 2020-2027
10.2.6.4 Market size analysis, By Service Provider, 2020-2027
10.2.6.5 Market size analysis, By Insureance Type, 2020-2027
10.2.7 Research Dive Exclusive Insights
10.2.7.1 Market attractiveness
10.2.7.2 Competition heatmap
10.3 Asia-Pacific
10.3.1 China
10.3.1.1 Market size analysis, By End Use, 2020-2027
10.3.1.2 Market size analysis, By Technology, 2020-2027
10.3.1.3 Market size analysis, By Diagnostics, 2020-2027
10.3.1.4 Market size analysis, By Service Provider, 2020-2027
10.3.1.5 Market size analysis, By Insureance Type, 2020-2027
10.3.2 Japan
10.3.2.1 Market size analysis, By End Use, 2020-2027
10.3.2.2 Market size analysis, By Technology, 2020-2027
10.3.2.3 Market size analysis, By Diagnostics, 2020-2027
10.3.2.4 Market size analysis, By Service Provider, 2020-2027
10.3.2.5 Market size analysis, By Insureance Type, 2020-2027
10.3.3 India
10.3.3.1 Market size analysis, By End Use, 2020-2027
10.3.3.2 Market size analysis, By Technology, 2020-2027
10.3.3.3 Market size analysis, By Diagnostics, 2020-2027
10.3.3.4 Market size analysis, By Service Provider, 2020-2027
10.3.3.5 Market size analysis, By Insureance Type, 2020-2027
10.3.4 Australia
10.3.4.1 Market size analysis, By End Use, 2020-2027
10.3.4.2 Market size analysis, By Technology, 2020-2027
10.3.4.3 Market size analysis, By Diagnostics, 2020-2027
10.3.4.4 Market size analysis, By Service Provider, 2020-2027
10.3.4.5 Market size analysis, By Insureance Type, 2020-2027
10.3.5 South Korea
10.3.5.1 Market size analysis, By End Use, 2020-2027
10.3.5.2 Market size analysis, By Technology, 2020-2027
10.3.5.3 Market size analysis, By Diagnostics, 2020-2027
10.3.5.4 Market size analysis, By Service Provider, 2020-2027
10.3.5.5 Market size analysis, By Insureance Type, 2020-2027
10.3.6 Rest of Asia-Pacific
10.3.6.1 Market size analysis, By End Use, 2020-2027
10.3.6.2 Market size analysis, By Technology, 2020-2027
10.3.6.3 Market size analysis, By Diagnostics, 2020-2027
10.3.6.4 Market size analysis, By Service Provider, 2020-2027
10.3.6.5 Market size analysis, By Insureance Type, 2020-2027
10.3.7 Research Dive Exclusive Insights
10.3.7.1 Market attractiveness
10.3.7.2 Competition heatmap
10.4 LAMEA
10.4.1 Brazil
10.4.1.1 Market size analysis, By End Use, 2020-2027
10.4.1.2 Market size analysis, By Technology, 2020-2027
10.4.1.3 Market size analysis, By Diagnostics, 2020-2027
10.4.1.4 Market size analysis, By Service Provider, 2020-2027
10.4.1.5 Market size analysis, By Insureance Type, 2020-2027
10.4.2 Saudi Arabia
10.4.2.1 Market size analysis, By End Use, 2020-2027
10.4.2.2 Market size analysis, By Technology, 2020-2027
10.4.2.3 Market size analysis, By Diagnostics, 2020-2027
10.4.2.4 Market size analysis, By Service Provider, 2020-2027
10.4.2.5 Market size analysis, By Insureance Type, 2020-2027
10.4.3 UAE
10.4.3.1 Market size analysis, By End Use, 2020-2027
10.4.3.2 Market size analysis, By Technology, 2020-2027
10.4.3.3 Market size analysis, By Diagnostics, 2020-2027
10.4.3.4 Market size analysis, By Service Provider, 2020-2027
10.4.3.5 Market size analysis, By Insureance Type, 2020-2027
10.4.4 South Africa
10.4.4.1 Market size analysis, By End Use, 2020-2027
10.4.4.2 Market size analysis, By Technology, 2020-2027
10.4.4.3 Market size analysis, By Diagnostics, 2020-2027
10.4.4.4 Market size analysis, By Service Provider, 2020-2027
10.4.4.5 Market size analysis, By Insureance Type, 2020-2027
10.4.5 Rest of LAMEA
10.4.5.1 Market size analysis, By End Use, 2020-2027
10.4.5.2 Market size analysis, By Technology, 2020-2027
10.4.5.3 Market size analysis, By Diagnostics, 2020-2027
10.4.5.4 Market size analysis, By Service Provider, 2020-2027
10.4.5.5 Market size analysis, By Insureance Type, 2020-2027
10.4.6 Research Dive Exclusive Insights
10.4.6.1 Market attractiveness
10.4.6.2 Competition heatmap
11. Competitive Landscape
11.1 Top winning strategies, 2020-2027
11.1.1 By strategy
11.1.2 By year
11.2 Strategic overview
11.3 Market share analysis, 2020-2027
12. Company Profiles
12.1 Medtronic plc.
12.1.1 Overview
12.1.2 Business segments
12.1.3 Product portfolio
12.1.4 Financial performance
12.1.5 Recent developments
12.1.6 SWOT analysis
12.2 Koninklijke Philips N.V.
12.2.1 Overview
12.2.2 Business segments
12.2.3 Product portfolio
12.2.4 Financial performance
12.2.5 Recent developments
12.2.6 SWOT analysis
12.3 OMRON Corporation
12.3.1 Overview
12.3.2 Business segments
12.3.3 Product portfolio
12.3.4 Financial performance
12.3.5 Recent developments
12.3.6 SWOT analysis
12.4 Biotelemetry Inc.
12.4.1 Overview
12.4.2 Business segments
12.4.3 Product portfolio
12.4.4 Financial performance
12.4.5 Recent developments
12.4.6 SWOT analysis
12.5 Apple, Inc.
12.5.1 Overview
12.5.2 Business segments
12.5.3 Product portfolio
12.5.4 Financial performance
12.5.5 Recent developments
12.5.6 SWOT analysis
12.6 Dexcom Inc.
12.6.1 Overview
12.6.2 Business segments
12.6.3 Product portfolio
12.6.4 Financial performance
12.6.5 Recent developments
12.6.6 SWOT analysis
12.7 Abbott Laboratories(US), Masimo Corporation
12.7.1 Overview
12.7.2 Business segments
12.7.3 Product portfolio
12.7.4 Financial performance
12.7.5 Recent developments
12.7.6 SWOT analysis
12.8 GE Healthcare
12.8.1 Overview
12.8.2 Business segments
12.8.3 Product portfolio
12.8.4 Financial performance
12.8.5 Recent developments
12.8.6 SWOT analysis
12.9 Bio-Beat Technologies
12.9.1 Overview
12.9.2 Business segments
12.9.3 Product portfolio
12.9.4 Financial performance
12.9.5 Recent developments
12.9.6 SWOT analysis
12.10 iRhythm Technologies, Inc.
12.10.1 Overview
12.10.2 Business segments
12.10.3 Product portfolio
12.10.4 Financial performance
12.10.5 Recent developments
12.10.6 SWOT analysis
12.11 VitalConnect
12.11.1 Overview
12.11.2 Business segments
12.11.3 Product portfolio
12.11.4 Financial performance
12.11.5 Recent developments
12.11.6 SWOT analysis
12.12 Minttihealth
12.12.1 Overview
12.12.2 Business segments
12.12.3 Product portfolio
12.12.4 Financial performance
12.12.5 Recent developments
12.12.6 SWOT analysis
12.13 Preventice Solutions, Inc.
12.13.1 Overview
12.13.2 Business segments
12.13.3 Product portfolio
12.13.4 Financial performance
12.13.5 Recent developments
12.13.6 SWOT analysis
12.14 CONTEC Medical Systems Co. Ltd
12.14.1 Overview
12.14.2 Business segments
12.14.3 Product portfolio
12.14.4 Financial performance
12.14.5 Recent developments
12.14.6 SWOT analysis
12.15 Biotricity Inc.
12.15.1 Overview
12.15.2 Business segments
12.15.3 Product portfolio
12.15.4 Financial performance
12.15.5 Recent developments
12.15.6 SWOT analysis
12.16 Verily Life Sciences.
12.16.1 Overview
12.16.2 Business segments
12.16.3 Product portfolio
12.16.4 Financial performance
12.16.5 Recent developments
12.16.6 SWOT analysis
12.17 Cyrcadia Asia Limited
12.17.1 Overview
12.17.2 Business segments
12.17.3 Product portfolio
12.17.4 Financial performance
12.17.5 Recent developments
12.17.6 SWOT analysis
12.18 ten3T healthcare
12.18.1 Overview
12.18.2 Business segments
12.18.3 Product portfolio
12.18.4 Financial performance
12.18.5 Recent developments
12.18.6 SWOT analysis
12.19 Fitbit, Inc.
12.19.1 Overview
12.19.2 Business segments
12.19.3 Product portfolio
12.19.4 Financial performance
12.19.5 Recent developments
12.19.6 SWOT analysis
12.20 Garmin Ltd
12.20.1 Overview
12.20.2 Business segments
12.20.3 Product portfolio
12.20.4 Financial performance
12.20.5 Recent developments
12.20.6 SWOT analysis
12.21 Xiaomi Technologies
12.21.1 Overview
12.21.2 Business segments
12.21.3 Product portfolio
12.21.4 Financial performance
12.21.5 Recent developments
12.21.6 SWOT analysis
12.22 Huawei Corporation
12.22.1 Overview
12.22.2 Business segments
12.22.3 Product portfolio
12.22.4 Financial performance
12.22.5 Recent developments
12.22.6 SWOT analysis
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