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Germany Wearable Medical Devices Market Size, Share & Trends Analysis Report by Product (Diagnostic, Therapeutic), Site (Handheld, Strap/Clip/Bracelet), Application, Grade Type, Distribution Channel, and Segment Forecasts, 2024-2030

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    Report

  • 80 Pages
  • March 2024
  • Region: Germany
  • Grand View Research
  • ID: 5950076
Description Jump to:
The Germany wearable medical devices market size is anticipated to reach USD 10.90 billion by 2030, growing at a CAGR of 26.2% during the forecast period. The increasing prevalence of lifestyle diseases such as obesity, diabetes, and hypertension has resulted in a surge in the use of wearable medical devices for condition monitoring.

Various development initiatives taken by companies focusing on dealing with lifestyle disorders are propelling market growth. For instance, in August 2023, Henkel developed a modified molding process commonly utilized in industrial electronics to generate a wider variety of medical wearables. Medical wearables, including glucose monitors, smart eyeglasses, and smart patches, are becoming increasingly prevalent as medical facilities seek to reduce the costs of in-house monitoring and offer more convenient in-house or mobile patient monitoring. Henkel's innovative molding technology decreases manufacturing expenses, especially for higher-volume applications.

Developed countries are progressively implementing remote patient monitoring devices to reduce patient stress in various healthcare settings. Remote patient monitoring devices help all types of specialists to operate their jobs more efficiently by facilitating communication between providers and patients. The growing demand for advanced smartwatches among the young population in developed nations is further propelling the growth of the wearable medical device market.

In addition, the advent of 5G and developments in Al technology is making it easier to make smart glasses, which is likely to introduce a brand-new wearable with a distinct purpose to the market. Ecosystem benefits are expected to gradually become necessary for firms to retain customers as more and more Germans acquire a range of wearables and new companies enter the market.

Germany Wearable Medical Devices Market Report Highlights

  • Diagnostic devices dominated the technology segment with more than 62.1% share in 2023, owing to growing prevalence of cardiovascular disorders in Germany
  • The therapeutic devices segment is expected to grow at the fastest CAGR over the forecast period
  • The strap, clip, bracelet site segment held the largest market share of 51.1% in 2023. The segment is also anticipated to witness the fastest growth from 2024 to 2030, owing to the growing awareness and emphasis on personal health and well-being among consumers in Germany.
  • Home healthcare dominated the technology segment with more than 53.8% share in 2023, owing to the aging population, and the growing necessity to reduce healthcare spending
  • The remote patient monitoring segment is expected to register the fastest CAGR over the forecast period, owing to the growing rates of chronic illnesses in Germany
  • Consumer-grade dominated the grade type segment in 2023, owing to the easily accessible and user-friendly application offerings
  • The clinical-grade wearable medical devices segment is estimated to register the fastest CAGR from 2024 to 2030, due to the growing need in healthcare settings for advanced monitoring technologies
  • Pharmacies dominated the distribution channel segment in 2023. The segment’s growth is driven by high contribution in providing consumers with modest way to purchase these devices.
  • The online channel segment is expected to witness the fastest CAGR over the forecast period, owing to the growing consumers' preference for acquiring goods online
  • In May 2023, Medtronic, a leading healthcare technology manufacturer declared that it has acquired EOFLOW Co. Ltd., the EOPatch device manufacturer. The acquisition is aimed to expand Medtronic’s efficiency to offer more individuals suffering from diabetes, regardless of their preferred method of insulin delivery or where they are in the course of their treatment.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Site
1.2.3. Application
1.2.4. Grade type
1.2.5. Distribution channel
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. Internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity flow analysis (Model 1)
1.7.2. Volume price analysis (Model 2)
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Site outlook
2.2.3. Application outlook
2.2.4. Grade type outlook
2.2.5. Distribution channel
2.2.6. Country outlook
2.3. Competitive Insights
Chapter 3. Germany Wearable Medical Devices Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.2. Market restraint analysis
3.3. Germany Wearable Medical Devices Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier power
3.3.1.2. Buyer power
3.3.1.3. Substitution threat
3.3.1.4. Threat of new entrant
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Technological landscape
3.3.2.3. Economic landscape
Chapter 4. Germany Wearable Medical Devices Market: Product Estimates & Trend Analysis
4.1. Product Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. Germany Wearable Medical Devices Market by Product Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.4.1. Diagnostic Devices
4.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2. Vital Sign Monitoring Devices
4.4.1.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.2. Heart rate monitors
4.4.1.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.3. Activity monitors
4.4.1.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.4. Electrocardiographs
4.4.1.2.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.5. Pulse oximeters
4.4.1.2.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.6. Spirometers
4.4.1.2.6.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.7. Blood pressure monitors
4.4.1.2.7.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.2.8. Others
4.4.1.2.8.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3. Sleep Monitoring Devices
4.4.1.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3.2. Sleep trackers
4.4.1.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3.3. Wrist actigraphs
4.4.1.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3.4. Polysomnographs
4.4.1.3.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.3.5. Others
4.4.1.3.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.4. Electrocardiographs Fetal and Obstetric Devices
4.4.1.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.5. Neuromonitoring Devices
4.4.1.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.5.2. Electroencephalographs
4.4.1.5.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.5.3. Electromyographs
4.4.1.5.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.1.5.4. Others
4.4.1.5.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2. Therapeutic Devices
4.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.2. Pain management devices
4.4.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.2.2. Neurostimulation Devices
4.4.2.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.2.3. Others
4.4.2.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.3. Insulin/glucose monitoring devices
4.4.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.3.2. Insulin Pumps
4.4.2.3.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.3.3. Others
4.4.2.3.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4. Rehabilitation Devices
4.4.2.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4.2. Accelometers
4.4.2.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4.3. Sensing Devices
4.4.2.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4.4. Ultrasound Platform
4.4.2.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.4.5. Others
4.4.2.4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5. Respiratory Therapy Devices
4.4.2.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5.2. Ventilators
4.4.2.5.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5.3. Positive Airway Pressure (PAP) Devices
4.4.2.5.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5.4. Portable Oxygen Concentrators
4.4.2.5.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
4.4.2.5.5. Others
4.4.2.5.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Germany Wearable Medical Devices Market: Site Estimates & Trend Analysis
5.1. Site Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. Germany Wearable Medical Devices Market by Site Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.4.1. Handheld
5.4.1.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.2. Headband
5.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.3. Strap/Clip/Bracelet
5.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.4. Shoe Sensors
5.4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million)
5.4.5. Others
5.4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Germany Wearable Medical Devices Market: Application Estimates & Trend Analysis
6.1. Application Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. Germany Wearable Medical Devices Market by Application Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
6.4.1. Sports and Fitness
6.4.1.1. Market estimates and forecasts 2018 to 2030 (USD million)
6.4.2. Remote Patient Monitoring
6.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
6.4.3. Home Healthcare
6.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Germany Wearable Medical Devices Market: Grade Type Estimates & Trend Analysis
7.1. Grade Type Market Share, 2023 & 2030
7.2. Segment Dashboard
7.3. Germany Wearable Medical Devices Market by Grade Type Outlook
7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
7.4.1. Consumer-Grade Wearable Medical Devices
7.4.1.1. Market estimates and forecasts 2018 to 2030 (USD million)
7.4.2. Clinical Wearable Medical Devices
7.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Germany Wearable Medical Devices Market: Distribution Channel Estimates & Trend Analysis
8.1. Distribution Channel Market Share, 2023 & 2030
8.2. Segment Dashboard
8.3. Germany Wearable Medical Devices Market by Distribution Channel Outlook
8.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
8.4.1. Pharmacies
8.4.1.1. Market estimates and forecasts 2018 to 2030 (USD million)
8.4.2. Online Channel
8.4.2.1. Market estimates and forecasts 2018 to 2030 (USD Million)
8.4.3. Hypermarket
8.4.3.1. Market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Company/Competition Categorization
9.3. Vendor Landscape
9.3.1. List of key distributors and channel partners
9.3.2. Key customers
9.3.3. Key company market share analysis, 2023
9.4. Company Profiles
9.4.1. Koninklijke Philips N.V.
9.4.1.1. Company overview
9.4.1.2. Financial performance
9.4.1.3. Product benchmarking
9.4.1.4. Strategic initiatives
9.4.2. Omron Corporation
9.4.2.1. Company overview
9.4.2.2. Financial performance
9.4.2.3. Product benchmarking
9.4.2.4. Strategic initiatives
9.4.3. Everist Health
9.4.3.1. Company overview
9.4.3.2. Financial performance
9.4.3.3. Product benchmarking
9.4.3.4. Strategic initiatives
9.4.4. Polar Electro
9.4.4.1. Company overview
9.4.4.2. Financial performance
9.4.4.3. Product benchmarking
9.4.4.4. Strategic initiatives
9.4.5. Covidien (Medtronic)
9.4.5.1. Company overview
9.4.5.2. Financial performance
9.4.5.3. Product benchmarking
9.4.5.4. Strategic initiatives
9.4.6. Intelesens Ltd
9.4.6.1. Company overview
9.4.6.2. Financial performance
9.4.6.3. Product benchmarking
9.4.6.4. Strategic initiatives
9.4.7. Withings
9.4.7.1. Company overview
9.4.7.2. Financial performance
9.4.7.3. Product benchmarking
9.4.7.4. Strategic initiatives
9.4.8. Fitbit Inc.
9.4.8.1. Company overview
9.4.8.2. Financial performance
9.4.8.3. Product benchmarking
9.4.8.4. Strategic initiatives
9.4.9. Garmin
9.4.9.1. Company overview
9.4.9.2. Financial performance
9.4.9.3. Product benchmarking
9.4.9.4. Strategic initiatives
9.4.10. Vital Connect
9.4.10.1. Company overview
9.4.10.2. Financial performance
9.4.10.3. Product benchmarking
9.4.10.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 Germany wearable medical devices market, by product, 2018 - 2030 (USD Million)
Table 3 Germany wearable medical devices market, by site, 2018 - 2030 (USD Million)
Table 4 Germany wearable medical devices market, by application, 2018 - 2030 (USD Million)
Table 5 Germany wearable medical devices market, by grade type, 2018 - 2030 (USD Million)
Table 6 Germany wearable medical devices market, by distribution channel, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Germany wearable medical devices market: market outlook
Fig. 9 Germany wearable medical devices competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Germany wearable medical devices market driver impact
Fig. 14 Germany wearable medical devices market restraint impact
Fig. 15 Germany wearable medical devices market: Product movement analysis
Fig. 16 Germany wearable medical devices market: Product outlook and key takeaways
Fig. 17 Diagnostic devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 18 Vital sign monitoring devices estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Heart rate monitors market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Activity monitors estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 21 Electrocardiographs market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 22 Pulse oximeters market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 Spirometers estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Blood pressure monitors market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Others estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 Sleep monitoring devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 27 Sleep trackers estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 28 Wrist actigraphs market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 29 Polysomnographs estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 Electrocardiographs fetal and obstetrics devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 Neuromonitoring devices estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 Electroencephalographs market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Electromyographs estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 Others devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Therapeutic devices estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Pain management devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 Neurostimulation devices estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Insulin/glucose monitoring devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 Insulin pumps estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Rehabilitation devices estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 Accelerometers market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 Sensing devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 Ultrasound platform market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 Respiratory therapy devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 49 Ventilators market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 50 Positive Airway Pressure (PAP) Devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 51 Portable Oxygen Concentrators market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 52 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 53 Germany wearable medical devices market: site outlook and key takeaways
Fig. 54 Handheld market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 55 Headband market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 56 Strap/clip/bracelet market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 57 Shoe sensors market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 58 Other market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 59 Germany wearable medical devices market: Application outlook and key takeaways
Fig. 60 Sport and fitness market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 61 Remote patient monitoring market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 62 Other market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 63 Germany wearable medical devices market: Grade type outlook and key takeaways
Fig. 64 Pharmacies market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 65 Online channel market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 66 Hypermarkets market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 67 Germany wearable medical devices market: Distribution channel outlook and key takeaways
Fig. 68 Consumer-grade wearable medical devices market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 69 Clinical wearable medical devices market estimates and forecasts, 2018 - 2030 (USD Million)

Companies Mentioned

  • Koninklijke Philips N.V.
  • Omron Corporation
  • Everist Health
  • Polar Electro
  • Covidien (Medtronic)
  • Intelesens Ltd
  • Withings
  • Fitbit Inc.
  • Garmin
  • Vital Connect

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedMarch 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 2.13 Billion
Forecasted Market Value ( USD ) by 2030 $ 10.9 Billion
Compound Annual Growth Rate26.2%
Regions CoveredGermany
No. of Companies Mentioned10

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About the Wearable Medical Device Market

The Wearable Medical Device market is a subset of the Medical Device industry, focusing on devices that are worn on the body to monitor and track health data. These devices are typically small, lightweight, and unobtrusive, allowing for continuous monitoring of vital signs and other health metrics. Wearable Medical Devices are used to monitor a variety of conditions, including heart rate, blood pressure, sleep patterns, and physical activity. They can also be used to detect early signs of disease and alert medical professionals to potential health issues. Wearable Medical Devices are becoming increasingly popular due to their convenience and ability to provide real-time data. They are also being used to improve patient outcomes by providing more accurate and timely information to healthcare providers. Some companies in the Wearable Medical Device market include Apple, Fitbit, Garmin, and Philips. Show Less Read more

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