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Wearable Medical Devices: Technologies and Global Markets

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    Report

  • 176 Pages
  • July 2024
  • Region: Global
  • BCC Research
  • ID: 4755813

This research report covers the global market for wearable medical devices segmented based on product, application and sales channel. It incorporates an in-depth analysis of the wearable medical devices market, including market estimations and trends through 2029. By geographical region, the market is divided into North America, Europe, Asia-Pacific and Rest of the World (RoW). For market estimates, data has been provided for 2023 as the base year, with forecasts for 2024 through 2029.

Major players, technologies, applications, market dynamics and geographic opportunities are discussed in detail in the report. This report also examines various analytical frameworks such as PESTEL analysis, ESG analysis, regulatory landscape, reimbursement scenario and competitive analysis, which will aid the companies in devising their strategic plan of action.

Report Includes

  • 39 data tables and 62 additional tables
  • An analysis of the global markets for wearable medical devices and technologies
  • Analyses of global market trends, with market revenue data from 2021 to 2023, estimates for 2024, forecasts for 2029, and projected CAGRs through 2029
  • Estimates of the current market size and revenue prospects, along with a market share analysis based on product type, application, sales channel, and region
  • Facts and figures pertaining to market dynamics, current and emerging technologies, regulatory scenarios and reimbursement policies, and the expected impact of macroeconomic factors
  • Assessment of technologies in development and the probability of their successful commercialization in the next five years
  • Overview of sustainability trends and ESG developments in the industry, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
  • An analysis of the industry structure, including companies’ market shares, merger and acquisition activity, and venture funding

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
Chapter 2 Market Overview
  • Overview
  • Market Definition
  • Technology Background
  • Design and Technical Considerations
  • Ergonomics and Wearability
  • Interface Design
  • Safety and Reliability
  • Sensor Design
  • Power Consumption and Battery Life
  • Data Acquisition
  • Feedback
  • Privacy and Security
  • Integration with Smart Devices
  • PESTEL Analysis
  • Political
  • Economic
  • Social
  • Technological
  • Environmental
  • Legal
  • Regulatory Landscape
  • U.S.
  • Europe
  • Japan
  • Rest of Asia
  • Reimbursement Scenario
  • U.S.
  • Europe
  • Japan
  • Rest of the World (RoW)
Chapter 3 Market Dynamics
  • Market Dynamics
  • Market Drivers
  • Increasing Prevalence of Chronic Lifestyle Diseases
  • Growing Population of Dependents
  • Rising Healthcare Expenditure
  • Technological Advancements
  • Corporate Wellness Programs and Incentives
  • Market Restraints
  • Data Privacy and Security Concerns
  • Slow Adoption Rate in Developing Economies
  • Regulatory Scrutiny
  • Market Opportunities
  • Rising Demand for Home Healthcare and Remote Monitoring
  • Increasing Awareness Regarding Health and Fitness
  • Growing Penetration of AI and Big Data in Healthcare to Create Smart and Adaptive Wearable Devices
Chapter 4 Emerging Technologies and Developments
  • Wearable Electrochemical Sensors
  • Wearable Colorimetric Sensors
  • Gel Covered Wireless Sensors
Chapter 5 Market Segmentation Analysis
  • Key Market Trends
  • Segmentation Breakdown
  • Global Market for Wearable Medical Devices, by Product
  • Trackers
  • Smartwatches
  • Patches
  • Others
  • Global Market for Wearable Medical Devices, by Application
  • Health and Fitness
  • Diagnostics
  • Therapeutics
  • Rehabilitation
  • Global Market for Wearable Medical Devices, by Sales Channel
  • Pharmacies
  • Online
  • Geographic Breakdown
  • Global Market for Wearable Medical Devices, by Region
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
Chapter 6 Competitive Intelligence
  • Top Players
  • Wearable Technology Funding Deals
  • Key Strategies Adopted by Players
  • New Product Launch
  • Partnerships and Agreements
  • Regulatory Approvals
  • Collaborations
  • Acquisitions
  • Other Competitive Strategies
Chapter 7 Sustainability in the Wearable Medical Devices Market: ESG Perspective
  • Introduction to ESG
  • ESG Performance in the Market
  • ESG Practices in the Wearable Medical Devices Industry
  • Environmental Performance
  • Social Performance
  • Governance Performance
  • Concluding Remarks
Chapter 8 Appendix
  • Methodology
  • Acronyms
  • References
  • Company profiles
  • ABBOTT
  • ACTIGRAPH LLC.
  • DEXCOM INC.
  • GE HEALTHCARE
  • KONINKLIJKE PHILIPS N.V.
  • MEDTRONIC
  • MASIMO
  • SENSORIA INC.
  • TURINGSENSE INC.
  • VITALCONNECT
  • VIVALNK INC.
  • VIVOSENSMEDICAL GMBH
  • WAHOO FITNESS
  • WHOOP
  • YBRAIN INC.
  • ZEPHYR (MEDTRONIC)
  • ZOLL MEDICAL CORP.
List of Tables
Summary Table A: Global Market for Wearable Medical Devices, by Product, Through 2029
Summary Table B: Global Market for Wearable Medical Devices, by Application, Through 2029
Summary Table C: Global Market for Wearable Medical Devices, by Sales Channel, Through 2029
Summary Table D: Global Market for Wearable Medical Devices, by Region, Through 2029
Table 1: Ergonomic Considerations in Designing a Wearable Medical Device
Table 2: Differences in Regulatory Scrutiny Between the U.S. and Europe
Table 3: Regulatory Framework in the Wearable Medical Device Market
Table 4: Wearable Devices and Security Vulnerabilities
Table 5: Fitness Trackers and Smartwatches: Average Price
Table 6: Global Market for Wearable Medical Devices for Trackers, by Region, Through 2029
Table 7: Global Market for Wearable Medical Devices for Smartwatches, by Region, Through 2029
Table 8: Global Market for Wearable Medical Devices for Patches, by Region, Through 2029
Table 9: Global Market for Other Types of Wearable Medical Devices, by Region, Through 2029
Table 10: Global Market for Health and Fitness Wearable Medical Devices, by Region, Through 2029
Table 11: Diagnostic and Monitoring Wearables: Average Price
Table 12: Global Market for Diagnostic Wearable Medical Devices, by Region, Through 2029
Table 13: Key Diabetes Management Wearables
Table 14: Global Market for Therapeutic Wearable Medical Devices, by Region, Through 2029
Table 15: Global Market for Rehabilitation Wearable Medical Devices, by Region, Through 2029
Table 16: Global Market for Wearable Medical Devices for Pharmacies, by Region, Through 2029
Table 17: Global Market for Wearable Medical Devices for Online Channels, by Region, Through 2029
Table 18: Global Market for Wearable Medical Devices, by Region, Through 2029
Table 19: North American Market for Wearable Medical Devices, by Product, Through 2029
Table 20: North American Market for Wearable Medical Devices, by Application, Through 2029
Table 21: North American Market for Wearable Medical Devices, by Sales Channel, Through 2029
Table 22: North American Market for Wearable Medical Devices, by Country, Through 2029
Table 23: European Market for Wearable Medical Devices, by Product, Through 2029
Table 24: European Market for Wearable Medical Devices, by Application, Through 2029
Table 25: European Market for Wearable Medical Devices, by Sales Channel, Through 2029
Table 26: European Market for Wearable Medical Devices, by Country, Through 2029
Table 27: Asia-Pacific Market for Wearable Medical Devices, by Product, Through 2029
Table 28: Asia-Pacific Market for Wearable Medical Devices, by Application, Through 2029
Table 29: Asia-Pacific Market for Wearable Medical Devices, by Sales Channel, Through 2029
Table 30: Asia-Pacific Market for Wearable Medical Devices, by Country, Through 2029
Table 31: RoW Market for Wearable Medical Devices, by Product, Through 2029
Table 32: RoW Market for Wearable Medical Devices, by Application, Through 2029
Table 33: RoW Market for Wearable Medical Devices, by Sales Channel, Through 2029
Table 34: Wearable Technology Funding Deals, 2022 and 2023
Table 35: New Product Launches: Wearable Medical Devices Market, 2021-2024
Table 36: Partnerships and Agreements: Wearable Medical Devices Market, 2021-2024
Table 37: Regulatory Approvals: Wearable Medical Devices Market, 2022-2024
Table 38: Collaborations: Wearable Medical Devices Market, 2022-2024
Table 39: Acquisitions: Wearable Medical Devices Market, 2023
Table 40: Other Competitive Strategies: Wearable Medical Devices Market, 2021-2023
Table 41: Key Focus Areas in ESG Metrics
Table 42: Environmental Performance: Wearable Medical Devices Market
Table 43: Social Performance: Wearable Medical Devices Market
Table 44: Governance Performance: Wearable Medical Devices Market
Table 45: ESG Rankings for Wearable Medical Devices Market, 2024
Table 46: Acronyms Used in this Report
Table 47: Abbott: Company Snapshot
Table 48: Abbott: Financial Performance, FY 2022 and 2023
Table 49: Abbott: Product Portfolio
Table 50: Abbott: News/Key Developments, 2022-2024
Table 51: ActiGraph LLC.: Company Snapshot
Table 52: ActiGraph LLC.: Product Portfolio
Table 53: ActiGraph LLC.: News/Key Developments, 2022-2024
Table 54: Dexcom Inc.: Company Snapshot
Table 55: Dexcom Inc.: Financial Performance, FY 2022 and 2023
Table 56: Dexcom Inc.: Product Portfolio
Table 57: Dexcom Inc.: News/Key Developments, 2022-2024
Table 58: GE HealthCare: Company Snapshot
Table 59: GE HealthCare: Financial Performance, FY 2022 and 2023
Table 60: GE HealthCare: Product Portfolio
Table 61: GE HealthCare: News/Key Developments, 2022-2024
Table 62: Koninklijke Philips N.V.: Company Snapshot
Table 63: Koninklijke Philips N.V.: Financial Performance, FY 2022 and 2023
Table 64: Koninklijke Philips N.V.: Product Portfolio
Table 65: Koninklijke Philips N.V.: News/Key Developments, 2020-2023
Table 66: Medtronic: Company Snapshot
Table 67: Medtronic: Financial Performance, FY 2022 and 2023
Table 68: Medtronic: Product Portfolio
Table 69: Medtronic: News/Key Developments, 2022
Table 70: Masimo: Company Snapshot
Table 71: Masimo: Financial Performance, FY 2022 and 2023
Table 72: Masimo: Product Portfolio
Table 73: Masimo: News/Key Developments, 2022-2024
Table 74: Sensoria Inc.: Company Snapshot
Table 75: Sensoria Inc.: Product Portfolio
Table 76: TuringSense Inc.: Company Snapshot
Table 77: TuringSense Inc.: Product Portfolio
Table 78: VitalConnect: Company Snapshot
Table 79: VitalConnect: Product Portfolio
Table 80: VitalConnect: News/Key Developments, 2021-2023
Table 81: VivaLNK Inc.: Company Snapshot
Table 82: VivaLNK Inc.: Product Portfolio
Table 83: VivaLNK Inc.: News/Key Developments, 2021
Table 84: VivoSensMedical GmbH: Company Snapshot
Table 85: VivoSensMedical GmbH: Product Portfolio
Table 86: VivoSensMedical GmbH: News/Key Developments, 2021
Table 87: Wahoo Fitness: Company Snapshot
Table 88: Wahoo Fitness: Product Portfolio
Table 89: WHOOP: Company Snapshot
Table 90: WHOOP: Product Portfolio
Table 91: WHOOP: News/Key Developments, 2022 and 2023
Table 92: Ybrain Inc.: Company Snapshot
Table 93: Ybrain Inc.: Product Portfolio
Table 94: Zephyr (Medtronic): Company Snapshot
Table 95: Zephyr (Medtronic): Product Portfolio
Table 96: ZOLL Medical Corp.: Company Snapshot
Table 97: ZOLL Medical Corp.: Product Portfolio
List of Figures
Summary Figure A: Global Market for Wearable Medical Devices, by Product, 2021-2029
Summary Figure B: Global Market for Wearable Medical Devices, by Application, 2021-2029
Summary Figure C: Global Market for Wearable Medical Devices, by Sales Channel, 2021-2029
Summary Figure D: Global Market for Wearable Medical Devices, by Region, 2021-2029
Figure 1: PESTEL Analysis: Wearable Medical Devices Market
Figure 2: Market Dynamics of Wearable Medical Devices
Figure 3: Percentage of Population Aged 65 Years and Above, by Region, 2050
Figure 4: Estimated Global Population by Selected Age Group and Selected Years, 2000-2030
Figure 5: Global Market Shares of Wearable Medical Devices, by Product, 2024
Figure 6: Global Market for Wearable Medical Devices for Trackers, by Region, 2021-2029
Figure 7: Global Market for Wearable Medical Devices for Smartwatches, by Region, 2021-2029
Figure 8: Global Market for Wearable Medical Devices for Patches, by Region, 2021-2029
Figure 9: Global Market for Other Types of Wearable Medical Devices, by Region, 2021-2029
Figure 10: Potential Applications of Wearable Technologies
Figure 11: Global Market Shares of Wearable Medical Devices, by Application, 2024
Figure 12: Global Market for Health and Fitness Wearable Medical Devices, by Region, 2021-2029
Figure 13: Global Market for Diagnostic Wearable Medical Devices, by Region, 2021-2029
Figure 14: Global Market for Therapeutic Wearable Medical Devices, by Region, 2021-2029
Figure 15: Global Market for Rehabilitation Wearable Medical Devices, by Region, 2021-2029
Figure 16: Global Market Shares of Wearable Medical Devices, by Sales Channel, 2024
Figure 17: Global Market for Wearable Medical Devices for Pharmacies, by Region, 2021-2029
Figure 18: Global Market for Wearable Medical Devices for Online Channels, by Region, 2021-2029
Figure 19: Global Market Shares of Wearable Medical Devices, by Region, 2024
Figure 20: North American Market for Wearable Medical Devices, by Product, 2021-2029
Figure 21: North American Market for Wearable Medical Devices, by Application, 2021-2029
Figure 22: North American Market for Wearable Medical Devices, by Sales Channel, 2021-2029
Figure 23: North American Market for Wearable Medical Devices, by Country, 2021-2029
Figure 24: The U.S. Market for Wearable Medical Devices, 2021-2029
Figure 25: Canadian Market for Wearable Medical Devices, 2021-2029
Figure 26: Mexican Market for Wearable Medical Devices, 2021-2029
Figure 27: European Market for Wearable Medical Devices, by Product, 2021-2029
Figure 28: European Market for Wearable Medical Devices, by Application, 2021-2029
Figure 29: European Market for Wearable Medical Devices, by Sales Channel, 2021-2029
Figure 30: European Market for Wearable Medical Devices, by Country, 2021-2029
Figure 31: German Market for Wearable Medical Devices, 2021-2029
Figure 32: The U.K. Market for Wearable Medical Devices, 2021-2029
Figure 33: French Market for Wearable Medical Devices, 2021-2029
Figure 34: Italian Market for Wearable Medical Devices, 2021-2029
Figure 35: Spanish Market for Wearable Medical Devices, 2021-2029
Figure 36: Rest of the European Market for Wearable Medical Devices, 2021-2029
Figure 37: Growth Drivers for Asia-Pacific Wearable Medical Devices Market
Figure 38: Asia-Pacific Market for Wearable Medical Devices, by Product, 2021-2029
Figure 39: Asia-Pacific Market for Wearable Medical Devices, by Application, 2021-2029
Figure 40: Asia-Pacific Market for Wearable Medical Devices, by Sales Channel, 2021-2029
Figure 41: Asia-Pacific Market for Wearable Medical Devices, by Country, 2021-2029
Figure 42: Japanese Market for Wearable Medical Devices, 2021-2029
Figure 43: Chinese Market for Wearable Medical Devices, 2021-2029
Figure 44: Indian Market for Wearable Medical Devices, 2021-2029
Figure 45: Rest of Asia-Pacific Market for Wearable Medical Devices, 2021-2029
Figure 46: RoW Market for Wearable Medical Devices, by Product, 2021-2029
Figure 47: RoW Market for Wearable Medical Devices, by Application, 2021-2029
Figure 48: RoW Market for Wearable Medical Devices, by Sales Channel, 2021-2029
Figure 49: Global Market Shares of Wearable Medical Devices, by Key Strategies Adopted, 2021-2024
Figure 50: How a Strong ESG Proposition Benefits Businesses
Figure 51: Abbott: Revenue Share, by Business Unit, FY 2023
Figure 52: Abbott: Revenue Share, by Country/Region, FY 2023
Figure 53: Dexcom Inc.: Revenue Share, by Country/Region, FY 2023
Figure 54: GE HealthCare: Revenue Share, by Business Unit, FY 2023
Figure 55: GE HealthCare: Revenue Share, by Country/Region, FY 2023
Figure 56: Koninklijke Philips N.V.: Revenue Share, by Business Unit, FY 2023
Figure 57: Koninklijke Philips N.V.: Revenue Share, by Country/Region, FY 2023
Figure 58: Medtronic: Revenue Share, by Business Unit, FY 2023
Figure 59: Medtronic: Revenue Share, by Country/Region, FY 2023
Figure 60: Masimo: Revenue Share, by Business Unit, FY 2023
Figure 61: Masimo: Revenue Share, by Country/Region, FY 2023

Companies Mentioned

  • Abbott
  • Actigraph Llc.
  • Dexcom Inc.
  • Ge Healthcare
  • Koninklijke Philips N.V.
  • Medtronic
  • Masimo
  • Sensoria Inc.
  • Turingsense Inc.
  • Vitalconnect
  • Vivalnk Inc.
  • Vivosensmedical Gmbh
  • Wahoo Fitness
  • Whoop
  • Ybrain Inc.
  • Zephyr (Medtronic)
  • Zoll Medical Corp.