The global wearable medical devices market size was estimated at USD 33.85 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 25.66% from 2024 to 2030. The anticipated growth in industries like remote patient monitoring and home healthcare will impact the market, along with an increased focus on fitness and a health-oriented lifestyle. The market holds significant opportunities driven by technological advancements, merger and acquisition activities, increasing clinical trials, and heightened awareness of personal health monitoring.
Due to sedentary routines, lifestyle-related disorders like diabetes and hypertension are expected to rise, necessitating continuous monitoring of physiological parameters. Portable medical devices enable the amalgamation of healthcare data, providing real-time access for physicians and minimizing errors. The increasing mortality rate from non-communicable diseases emphasizes the need for personalized monitoring and care, contributing to an increased demand for wearable medical products.
The COVID-19 pandemic has expanded the utility of wearable medical devices in healthcare. Innovative products, like the Ava Bracelet, initially designed as a fertility tracker, are now repurposed to detect early signs of viral infections. With monitoring parameters such as heart rate variability, breathing rate, and skin temperature, the bracelet proves valuable in tracking COVID-19 symptoms, presenting a distinctive opportunity during the global health crisis.
The escalating prevalence of chronic diseases and rising mortality rates are causing major concern, prompting healthcare providers to focus on personalized care, particularly through continuous remote patient monitoring. Wearable medical devices, capable of 24-hour wear without disrupting daily routines, are gaining traction due to their various advantages. Consequently, the demand for these devices is expected to surge over the forecast period.
Wearable medical devices are playing a pivotal role in the cardiovascular device market. These innovative technologies, ranging from smartwatches to continuous monitoring devices, offer new avenues for real-time health tracking, early detection of cardiovascular issues, and personalized patient care. The integration of wearable devices in cardiovascular healthcare reflects a transformative shift towards preventive and proactive healthcare solutions, ultimately enhancing patient outcomes and disease management.
The market growth stage is high, and pace of the market growth is accelerating. This industry is characterized by dynamic market trends and technological advancements. The industry showcases a surge in innovation, with devices offering enhanced monitoring, diagnostics, and treatment capabilities. The market is marked by high levels of competition, evident in diverse product portfolios and strategic collaborations. Overall, the sector is defined by its ever-evolving landscape, emphasizing accessibility, personalization, and advancements in remote patient care.
Key strategies implemented by players in the market are new product launches, regulatory approval, acquisitions, partnerships, and other strategies. For instance, in January 2024 , Cloud DX, a North American provider of virtual care and remote patient monitoring platforms, unveiled a significant contract to develop a wrist-based wearable capable of tracking ECG and vital signs. This innovative device, a patented platform designed to monitor multiple vital signs and offer personalized daily recommendations, is poised to play a crucial role in the client's wellness solution. While anticipated as the commencement of a prolonged and mutually beneficial collaboration, this contract is expected to impact the wearable medical device industry substantially, showcasing advancements in remote patient monitoring and reinforcing the industry's commitment to personalized health solutions.
The wearable medical device industry exhibits high fragmentation, with numerous players contributing to a diverse landscape. The market is characterized by many companies offering a wide range of innovative devices, creating a competitive environment. This fragmentation is driven by ongoing technological advancements, fostering the development of various wearable medical solutions. As a result, the industry is witnessing a dynamic and diverse market with numerous players contributing to the expansion and evolution of wearable medical devices.
Rapid advancements in wearable medical technology have paved the way for cutting-edge devices that offer enhanced monitoring, diagnostics, and treatment capabilities. From smartwatches tracking vital signs to implantable devices providing real-time health data, the market is characterized by a surge in novel solutions designed to revolutionize patient care and empower individuals to manage their health proactively. This significant degree of innovation underscores the industry's commitment to addressing evolving healthcare needs through accessible and sophisticated wearable medical technologies.
Industry players are strategically aligning through acquisitions and partnerships to enhance their technological capabilities, expand product portfolios, and gain a competitive edge. This surge in M&A activities reflects the dynamic landscape of the wearable medical device market, with companies seeking strategic collaborations to advance innovation, address evolving healthcare demands, and solidify their positions in this rapidly growing sector.
The industry is navigating a landscape of stringent regulations and standards to ensure the safety, efficacy, and compliance of these innovative devices. Companies are actively engaging with regulatory bodies to secure necessary product approvals, reflecting a commitment to meeting industry standards and gaining market trust. As wearable medical devices continue to advance, obtaining regulatory clearances remains a critical step in bringing these technologies to the market and contributing to the evolution of personalized healthcare.
Companies are strategically expanding their presence across diverse regions, aiming to capture emerging market opportunities and cater to the growing demand for innovative healthcare technologies. This global outreach underscores the industry's commitment to making wearable medical devices accessible on a broader scale, addressing healthcare needs across different regions, and contributing to the advancement of remote patient monitoring and personalized healthcare solutions worldwide.
The wearable medical device sector is witnessing notable regional expansion as companies strategically broaden their geographic footprint. This trend reflects a proactive approach to tap into diverse healthcare needs across regions, capitalize on emerging opportunities, and establish a stronger market presence. Regional expansion allows wearable medical device providers to adapt their offerings to local requirements, comply with varied regulations, and enhance accessibility, contributing to the industry’s dynamic growth on a global scale.
The diagnostic devices segment dominated the market and accounted for the largest revenue share of 61.62% in 2023. The increasing prevalence of neurological disorders is a primary driver for the growth of this segment. A report by the World Federation of Neurology in October 2023 revealed that neurological disorders rank as the second highest cause of death and the leading cause of disability globally. The study found that over 40% of the global population currently suffers from neurological conditions, with this burden projected to nearly double by 2050. The top 10 conditions, including Stroke, Neonatal encephalopathy, Migraine, Dementia, Meningitis, Epilepsy, Neurological complications associated with preterm birth, Nervous system cancers, Autism spectrum disorders, and Parkinson’s disease, account for about 90% of total neurological DALYs. Additionally, increasing awareness among the population about the capability of neurological wearables to continuously assess cognitive capabilities during everyday activities is expected to drive the segment further.
The therapeutic device segment is anticipated to witness the fastest CAGR over the forecast period owing to the increasing influx of therapeutic devices. Furthermore, the market is expected to receive a boost from a robust pipeline of therapeutic devices, including intelligent asthma management products, wearable pain reliever devices, and insulin management devices. The segment is categorized into pain management, insulin monitoring, rehabilitation, and respiratory therapy devices, reflecting the diverse range of applications within this burgeoning market.
The strap/clip/bracelet segment dominated the market, accounted for the largest revenue share in 2023, and is likely to remain dominant over the forecast period. With the capability to monitor parameters like mobility, respiratory rate, and pulse rate, along with bluetooth and cloud connectivity, smartwatches are expected to drive growth in this segment.
Advancements in wrist-worn products, exemplified by Fitbit Ace 3 Next Generation Activity and Sleep Tracker for kids, offer enjoyable fitness tracking by monitoring parameters such as heart rate, skin temperature, and activity counts, contributing to segment expansion. Major players like Samsung and Apple introducing compatible mobile apps for wearable medical instruments further attract individuals to routine health monitoring, fostering overall market growth.
The consumer grade wearable medical devices segment dominated the market and accounted for the largest revenue share in 2023. These devices offer user-friendly features, focusing on personal health and fitness tracking, making them widely popular among consumers. Convenience, affordability, and increasing health consciousness contribute to the segment's robust performance, establishing it as a key driver in the market.
The clinical grade wearable medical devices segment is anticipated to witness the fastest CAGR over the forecast period. This anticipation is driven by the growing demand for advanced monitoring solutions in clinical settings. The increasing adoption of these devices for continuous patient monitoring, remote healthcare management, and integration with healthcare systems contributes to the segment's rapid growth. As healthcare providers increasingly embrace advanced technologies, the clinical-grade wearable medical devices segment is positioned for significant expansion, catering to the evolving needs of the healthcare industry.
The pharmacy segment dominated the market for wearable medical devices and accounted for the largest revenue share in 2023. This dominance is attributed to the widespread accessibility of pharmacies, offering consumers a convenient avenue to purchase these devices. Pharmacies’ role as health and wellness hubs and their ability to provide informed advice positions them as key contributors to the notable revenue share within the wearable medical devices market.
The online channel segment is anticipated to witness the fastest CAGR over the forecast period. The segment growth is driven by the increasing consumer preference for online shopping. The convenience, accessibility, and diverse product offerings available through e-commerce platforms fuel this trend. As the online retail sector continues to expand, the wearable medical devices market is expected to benefit from a surge in demand facilitated by the seamless and efficient online purchasing experience.
The home healthcare segment dominated the market for wearable medical devices and accounted for the largest revenue share in 2023. The increasing geriatric population, increasing prevalence rates of target diseases, and growing need to curb healthcare expenditure as an economically viable initiative are some factors responsible for market growth.
The remote patient monitoring segment is anticipated to witness the fastest CAGR over the forecast period. Globally rising geriatric population base and rising incidences of chronic conditions are expected to be high-impact rendering drivers for the growth of remote patient monitoring devices over the forecast period.
North America accounted for the largest revenue share in 2023, owing to the growing prevalence of cardiovascular disorders, diabetes, and cancer within this region. High adoption of remote patient monitoring and home care devices for regular, continuous, and long-term monitoring of patients and reducing the frequency of hospital visits are anticipated to fuel market growth over the forecast period.
The market is expected to witness exponential growth in Asia Pacific over the forecast period. Significant factors boosting market growth are favorable government initiatives for using such wearable medical instruments, increasing geriatric population base, and increasing healthcare expenditure in this region. Japan held the largest share of the remote patient monitoring devices market in the Asia Pacific region in 2023. It is expected to maintain its dominance over the forecast period due to rapid technological advancements and the growing requirement for home care devices and round-the-clock monitoring. Japanese firms place a high value on health, skincare, and all human consumables.
By introducing groundbreaking technologies, key wearable medical device companies are significantly impacting the market. Innovations such as advanced wearable medical device sensors, continuous monitoring capabilities, and integration with artificial intelligence are reshaping the landscape. Industry leaders leverage these technologies to enhance the accuracy and range of health metrics that wearable devices can track. Moreover, the incorporation of data analytics and cloud connectivity enables seamless data sharing, improving the overall healthcare ecosystem. This technological evolution propels the market's growth. It contributes to improved patient outcomes, personalized healthcare, and the transformation of wearable medical devices into indispensable tools for consumers and healthcare providers.
The following are the leading companies in the wearable medical devices market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these wearable medical devices companies are analyzed to map the supply network.
In January 2024,Sennheiser collaborated with Polar Electro to launch the Momentum Sport earbuds, marking the first time Polar's bio-sensing capabilities extend beyond its products. These German-engineered earbuds deliver high-quality sound and integrate Polar's fitness technology, incorporating features such as a body temperature sensor and a Photoplethysmography (PPG) heart rate sensor for monitoring hydration levels during workouts. Users can access the comprehensive data analytics ecosystem through the Polar Flow training app, which offers expert-tier performance tracking, training analytics, voice guidance, and smart coaching. This collaboration is poised to impact the wearable medical devices market by expanding bio-sensing capabilities into audio devices for enhanced fitness monitoring and guidance.
In January 2024, Garmin unveiled the Lily 2 series, representing the next evolution of its petite and stylish smartwatches and introducing enhanced health, wellness, and connectivity features. The Lily 2 and Lily 2 Classic models boast an advanced redesign, featuring metal watch cases, concealed displays with distinctive patterned lenses, and a range of fashionable color options. With a substantial battery life of up to five days in smartwatch mode, users can delve into new functionalities such as sleep score tracking, dance fitness activities, and Garmin Pay contactless payments. This announcement is expected to impact the wearable medical devices market by introducing refined and fashionable smartwatches with advanced health and wellness features.
In January 2024, Garmin unveiled significant enhancements to its Garmin Connect app and website, aiming to deliver a more streamlined and personalized homepage experience centered around health and fitness metrics for users to monitor their individual goals. Specific customers utilizing Garmin smartwatches, cycling computers, and accessories can participate in the beta version of Garmin Connect, with wider availability anticipated later this year. This update is poised to impact the wearable medical devices market by offering users a more user-friendly platform focused on health and fitness tracking, enhancing the overall wearable device experience.
In June 2023, Google introduced its latest Feature Drop, incorporating a series of updates for Fitbit devices. Notable additions include a variety of exercise modes in the Exercise menu for Luxe, Charge 5, and Inspire 3, a menstrual health tile for period tracking and cycle state viewing for Versa 4 and Sense 2, and the inclusion of a Daily Readiness Score, providing insights into whether the body requires rest or a workout, accessible across all Fitbit devices. This development is anticipated to impact the wearable medical devices market by enhancing the functionality and features of Fitbit devices, catering to a broader range of user health and wellness needs.
In January 2023, Masimo and Royal Philips broadened their collaboration, utilizing the Masimo W1 advanced health tracking watch to enhance patient monitoring in the realm of home telehealth. The integration of Philips's enterprise patient monitoring ecosystem with the W1 watch is set to propel advancements in telehealth and telemonitoring capabilities. This expansion is poised to impact the wearable medical devices market by fostering innovative solutions for remote patient monitoring and enhancing the synergy between health-tracking wearables and telehealth systems.
In April 2023, Garmin revealed an extended regional availability of the Dexcom Connect IQ apps, catering to consumers managing Type 1 or Type 2 diabetes with the Dexcom G6 or Dexcom G7 Continuous Glucose Monitoring System. These applications empower users to conveniently monitor their glucose levels and trends directly on a compatible smartwatch or cycling computer. This announcement is expected to impact the wearable medical devices market by providing enhanced accessibility to glucose monitoring solutions for individuals with diabetes, further integrating health monitoring into daily wearable technology.
Report Attribute |
Details |
Market size value in 2024 |
USD 42.74 billion |
Revenue forecast in 2030 |
USD 168.29 billion |
Growth rate |
CAGR of 25.66% from 2024 to 2030 |
Base year for estimation |
2023 |
Historical data |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Report updated |
January 2024 |
Quantitative units |
Revenue in USD million and CAGR from 2024 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, site, application, distribution channel, grade type, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
Country Scope |
U.S.; Canada; U.K.; Germany; Italy; France; Spain; Denmark; Sweden; Norway; Japan; China; India; South Korea; Australia; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait |
Key companies profiled |
Koninklijke Philips N.V.; Fitbit; Basis Science; Garmin; Covidien; Omron Corp.; Withings; Vital Connect; Polar Electro; Intelesens Ltd.; Everist Genomics; Sotera Wireless; Apple |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global wearable medical device market report based on product, site, application, distribution channel, grade type, and region:
Product Outlook (Revenue, USD Million, 2018 - 2030)
Diagnostic Devices
Vital Sign Monitoring Devices
Heart Rate Monitors
Activity Monitors
Electrocardiographs
Pulse Oximeters
Spirometers
Blood Pressure Monitors
Others
Sleep Monitoring Devices
Sleep trackers
Wrist Actigraphs
Polysomnographs
Others
Electrocardiographs Fetal And Obstetric Devices
Neuromonitoring Devices
Electroencephalographs
Electromyographs
Others
Therapeutic Devices
Pain Management Devices
Neurostimulation Devices
Others
Insulin/Glucose Monitoring Devices
Insulin Pumps
Others
Rehabilitation Devices
Accelometers
Sensing Devices
Ultrasound Platform
Others
Respiratory Therapy Devices
Ventilators
Positive Airway Pressure (PAP) Devices
Portable Oxygen Concentrators
Others
Site Outlook (Revenue, USD Million, 2018 - 2030)
Handheld
Headband
Strap/Clip/Bracelet
Shoe Sensors
Others
Application Outlook (Revenue, USD Million, 2018 - 2030)
Sports & Fitness
Remote Patient Monitoring
Home Healthcare
Grade Type Outlook (Revenue, USD Million, 2018 - 2030)
Consumer-Grade Wearable Medical Devices
Clinical Wearable Medical Devices
Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Pharmacies
Online Channel
Hypermarkets
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
Japan
China
India
Thailand
South Korea
Australia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
b. The global wearable medical devices market size was estimated at USD 33.85 billion in 2023 and is expected to reach USD 42.74 billion in 2024.
b. The global wearable medical devices market is expected to grow at a compound annual growth rate of 25.66% from 2024 to 2030 to reach USD 168.29 billion by 2030.
b. North America dominated the wearable medical devices market with a share of 36.35% in 2023. This is attributable to the rise in chronic diseases that need routine monitoring and the presence of sophisticated healthcare infrastructure.
b. Some key players operating in the wearable medical devices market include Covidien Plc; Fitbit Inc.; Philips Electronics; Polar Electro; LifeWatch AG; Garmin; Withings; Jawbone; Everist Genomics; Sotera Wireless; Pebble Technology Corp.; Omron Corp.; Basis Science, Inc.; Intelesens Ltd.; Vital Connect and Apple
b. Key factors that are driving the wearable medical devices market growth include rising demand for round-the-clock monitoring, growing awareness of fitness, and the advent of technologically advanced products.
Table of Contents
Chapter 1. Wearable Medical Device Market: Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.3. Information Procurement
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Data Sources
Chapter 2. Wearable Medical Device Market: Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Wearable Medical Device Market: Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Rising Demand For Round-The-Clock Monitoring
3.2.1.2. Growing Awareness On Fitness
3.2.1.3. Increasing Per Capita Income
3.2.1.4. Advent Of Technologically Advanced Products
3.2.1.5. Growing Geriatric Population
3.2.2. Market Restraint Analysis
3.2.2.1. Data Security And Privacy Issues
3.2.2.2. Non-Availability Of Reimbursement
3.2.3. Market Opportunities Analysis
3.2.3.1. Increasing Home Healthcare Services
3.2.4. Market Challenge Analysis
3.3. Wearable Medical Device Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of suppliers
3.3.1.2. Bargaining power of buyers
3.3.1.3. Threat of substitutes
3.3.1.4. Threat of new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political & Legal Landscape
3.3.2.2. Economic and Social Landscape
3.3.2.3. Technological landscape
Chapter 4. Wearable Medical Device Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Wearable Medical Device Market: Product Movement Analysis & Market Share, 2023 & 2030
4.3. Diagnostic Devices
4.3.1. Diagnostic Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2. Vital Sign Monitoring Devices
4.3.2.1 Vital Sign Monitoring Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2.2 Heart Rate Monitors
4.3.2.2.1 Heart Rate Monitors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2.3 Activity Monitors
4.3.2.3.1 Activity Monitors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2.4 Electrocardiographs
4.3.2.4.1 Electrocardiographs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2.5 Pulse Oximeters
4.3.2.5.1 Pulse Oximeters Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2.6 Spirometers
4.3.2.6.1 Spirometers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2.7 Blood Pressure Monitors
4.3.2.7.1 Blood Pressure Monitors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2.8 Others
4.3.2.8.1 Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.3. Sleep Monitoring Devices
4.3.3.1 Sleep Monitoring Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.3.2 Sleep trackers
4.3.3.2.1 Sleep trackers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.3.3 Wrist Actigraphs
4.3.3.3.1 Wrist Actigraphs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.3.4 Polysomnographs
4.3.3.4.1 Polysomnographs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.3.5 Others
4.3.3.5.1 Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.4 Electrocardiographs Fetal And Obstetric Devices
4.3.4.1 Electrocardiographs Fetal And Obstetric Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.5 Neuromonitoring Devices
4.3.5.1 Neuromonitoring Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.5.2 Electroencephalographs
4.3.5.2.1 Electroencephalographs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.5.3 Electromyographs
4.3.5.3.1 Electromyographs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.5.4 Others
4.3.5.4.1 Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Therapeutic Devices
4.4.1. Therapeutic Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.2. Pain Management Devices
4.4.2.1 Pain Management Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.2.2 Neurostimulation Devices
4.4.2.2.1 Neurostimulation Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.2.3 Others
4.4.2.3.1 Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.3. Insulin/Glucose Monitoring Devices
4.4.3.1 Insulin/Glucose Monitoring Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.3.2 Insulin Pumps
4.4.3.2.1 Insulin Pumps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.3.3 Others
4.4.3.3.1 Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.4. Rehabilitation Devices
4.4.4.1 Rehabilitation Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.4.2 Accelometers
4.4.4.2.1 Accelometers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.4.3 Sensing Devices
4.4.4.3.1 Sensing Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.4.4 Ultrasound Platform
4.4.4.4.1 Ultrasound Platform Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.4.5 Others
4.4.4.5.1 Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.5. Respiratory Therapy Devices
4.4.5.1 Respiratory Therapy Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.5.2 Ventilators
4.4.5.2.1 Ventilators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.5.3 Positive Airway Pressure (PAP) Devices
4.4.5.3.1 Positive Airway Pressure (PAP) Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.5.4 Portable Oxygen Concentrators
4.4.5.4.1 Portable Oxygen Concentrators Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.5.5 Others
4.4.5.5.1 Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Wearable Medical Device Market: Site Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Wearable Medical Device Market: Site Movement Analysis & Market Share, 2023 & 2030
5.3. Handheld
5.3.1. Handheld Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Handheld
5.4.1. Headband Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Strap/Clip/Bracelet
5.5.1. Strap/Clip/Bracelet Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Shoe Sensors
5.6.1. Shoe Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.7. Others
5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Wearable Medical Device Market: Application Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Wearable Medical Device Market: Application Movement Analysis & Market Share, 2023 & 2030
6.3. Sports And Fitness
6.3.1. Sports And Fitness Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Remote Patient Monitoring
6.4.1. Remote Patient Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Home Healthcare
6.5.1. Home Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Wearable Medical Device Market: Distribution Channel Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Wearable Medical Device Market: Distribution Channel Movement Analysis & Market Share, 2023 & 2030
7.3. Pharmacies
7.3.1. Pharmacies Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Online Channel
7.4.1. Online Channel Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Hypermarkets
7.5.1. Hypermarkets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Wearable Medical Device Market: Grade Type Estimates & Trend Analysis
8.1. Segment Dashboard
8.2. Wearable Medical Device Market: Grade Type Movement Analysis & Market Share, 2023 & 2030
8.3. Consumer-Grade Wearable Medical Devices
8.3.1. Consumer-Grade Wearable Medical Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Clinical Wearable Medical Devices
8.4.1. Clinical Wearable Medical Devices Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Wearable Medical Device Market: Regional Estimates & Trend Analysis
9.1. Regional Outlook
9.2. Wearable Medical Device Market: Regional Movement Analysis & Market Share, 2023 & 2030
9.3. North America
9.3.1. North America Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.3.2. U.S.
9.3.2.1. Key Country Dynamics
9.3.2.2. Competitive Scenario
9.3.2.3. Regulatory Scenario
9.3.2.4. Reimbursement Scenario
9.3.2.5. U.S. Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.3.3. Canada
9.3.3.1. Key Country Dynamics
9.3.3.2. Competitive Scenario
9.3.3.3. Regulatory Scenario
9.3.3.4. Reimbursement Scenario
9.3.3.5. Canada Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4. Europe
9.4.1. Europe Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.2. UK
9.4.2.1. Key Country Dynamics
9.4.2.2. Competitive Scenario
9.4.2.3. Regulatory Scenario
9.4.2.4. Reimbursement Scenario
9.4.2.5. UK Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.3. Germany
9.4.3.1. Key Country Dynamics
9.4.3.2. Competitive Scenario
9.4.3.3. Regulatory Scenario
9.4.3.4. Reimbursement Scenario
9.4.3.5. Germany Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.4. France
9.4.4.1. Key Country Dynamics
9.4.4.2. Competitive Scenario
9.4.4.3. Regulatory Scenario
9.4.4.4. Reimbursement Scenario
9.4.4.5. France Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.5. Italy
9.4.5.1. Key Country Dynamics
9.4.5.2. Competitive Scenario
9.4.5.3. Regulatory Scenario
9.4.5.4. Reimbursement Scenario
9.4.5.5. Italy Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.6. Spain
9.4.6.1. Key Country Dynamics
9.4.6.2. Competitive Scenario
9.4.6.3. Regulatory Scenario
9.4.6.4. Reimbursement Scenario
9.4.6.5. Spain Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.7. Denmark
9.4.7.1. Key Country Dynamics
9.4.7.2. Competitive Scenario
9.4.7.3. Regulatory Scenario
9.4.7.4. Reimbursement Scenario
9.4.7.5. Denmark Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.8. Sweden
9.4.8.1. Key Country Dynamics
9.4.8.2. Competitive Scenario
9.4.8.3. Regulatory Scenario
9.4.8.4. Reimbursement Scenario
9.4.8.5. Sweden Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.4.9. Norway
9.4.9.1. Key Country Dynamics
9.4.9.2. Competitive Scenario
9.4.9.3. Regulatory Scenario
9.4.9.4. Reimbursement Scenario
9.4.9.5. Norway Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5. Asia Pacific
9.5.1. Asia Pacific Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.2. Japan
9.5.2.1. Key Country Dynamics
9.5.2.2. Competitive Scenario
9.5.2.3. Regulatory Scenario
9.5.2.4. Reimbursement Scenario
9.5.2.5. Japan Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.3. China
9.5.3.1. Key Country Dynamics
9.5.3.2. Competitive Scenario
9.5.3.3. Regulatory Scenario
9.5.3.4. Reimbursement Scenario
9.5.3.5. China Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.4. India
9.5.4.1. Key Country Dynamics
9.5.4.2. Competitive Scenario
9.5.4.3. Regulatory Scenario
9.5.4.4. Reimbursement Scenario
9.5.4.5. India Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.5. South Korea
9.5.5.1. Key Country Dynamics
9.5.5.2. Competitive Scenario
9.5.5.3. Regulatory Scenario
9.5.5.4. Reimbursement Scenario
9.5.5.5. South Korea Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.6. Australia
9.5.6.1. Key Country Dynamics
9.5.6.2. Competitive Scenario
9.5.6.3. Regulatory Scenario
9.5.6.4. Reimbursement Scenario
9.5.6.5. Australia Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.5.7. Thailand
9.5.7.1. Key Country Dynamics
9.5.7.2. Competitive Scenario
9.5.7.3. Regulatory Scenario
9.5.7.4. Reimbursement Scenario
9.5.7.5. Thailand Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.6. Latin America
9.6.1. Latin America Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.6.2. Brazil
9.6.2.1. Key Country Dynamics
9.6.2.2. Competitive Scenario
9.6.2.3. Regulatory Scenario
9.6.2.4. Reimbursement Scenario
9.6.2.5. Brazil Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.6.3. Mexico
9.6.3.1. Key Country Dynamics
9.6.3.2. Competitive Scenario
9.6.3.3. Regulatory Scenario
9.6.3.4. Reimbursement Scenario
9.6.3.5. Mexico Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.6.4. Argentina
9.6.4.1. Key Country Dynamics
9.6.4.2. Competitive Scenario
9.6.4.3. Regulatory Scenario
9.6.4.4. Reimbursement Scenario
9.6.4.5. Argentina Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7. Middle East & Africa
9.7.1. Middle East & Africa Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7.2. South Africa
9.7.2.1. Key Country Dynamics
9.7.2.2. Competitive Scenario
9.7.2.3. Regulatory Scenario
9.7.2.4. Reimbursement Scenario
9.7.2.5. South Africa Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7.3. Saudi Arabia
9.7.3.1. Key Country Dynamics
9.7.3.2. Competitive Scenario
9.7.3.3. Regulatory Scenario
9.7.3.4. Reimbursement Scenario
9.7.3.5. Saudi Arabia Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7.4. UAE
9.7.4.1. Key Country Dynamics
9.7.4.2. Competitive Scenario
9.7.4.3. Regulatory Scenario
9.7.4.4. Reimbursement Scenario
9.7.4.5. UAE Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
9.7.5. Kuwait
9.7.5.1. Key Country Dynamics
9.7.5.2. Competitive Scenario
9.7.5.3. Regulatory Scenario
9.7.5.4. Reimbursement Scenario
9.7.5.5. Kuwait Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 10. Competitive Landscape
10.1. Market Participant Categorization
10.2. Key Company Profiles
10.2.1. Koninklijke Philips N.V.
10.2.1.1. Company Overview
10.2.1.2. Financial Performance
10.2.1.3. Service Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Sotera Wireless
10.2.2.1. Company Overview
10.2.2.2. Financial Performance
10.2.2.3. Service Benchmarking
10.2.2.4. Strategic Initiatives
10.2.3. Basis Science
10.2.3.1. Company Overview
10.2.3.2. Financial Performance
10.2.3.3. Service Benchmarking
10.2.3.4. Strategic Initiatives
10.2.4. Omron Corporation
10.2.4.1. Company Overview
10.2.4.2. Financial Performance
10.2.4.3. Service Benchmarking
10.2.4.4. Strategic Initiatives
10.2.5. Everist Health
10.2.5.1. Company Overview
10.2.5.2. Financial Performance
10.2.5.3. Service Benchmarking
10.2.5.4. Strategic Initiatives
10.2.6. Polar Electro
10.2.6.1. Company Overview
10.2.6.2. Financial Performance
10.2.6.3. Service Benchmarking
10.2.6.4. Strategic Initiatives
10.2.7. Covidien (Medtronic)
10.2.7.1. Company Overview
10.2.7.2. Financial Performance
10.2.7.3. Service Benchmarking
10.2.7.4. Strategic Initiatives
10.2.8. Intelesens Ltd
10.2.8.1. Company Overview
10.2.8.2. Financial Performance
10.2.8.3. Service Benchmarking
10.2.8.4. Strategic Initiatives
10.2.9. Withings
10.2.9.1. Company Overview
10.2.9.2. Financial Performance
10.2.9.3. Service Benchmarking
10.2.9.4. Strategic Initiatives
10.2.10. Fitbit Inc.
10.2.10.1. Company Overview
10.2.10.2. Financial Performance
10.2.10.3. Service Benchmarking
10.2.10.4. Strategic Initiatives
10.2.11. Garmin
10.2.11.1. Company Overview
10.2.11.2. Financial Performance
10.2.11.3. Service Benchmarking
10.2.11.4. Strategic Initiatives
10.2.12. Vital Connect
10.2.12.1. Company Overview
10.2.12.2. Financial Performance
10.2.12.3. Service Benchmarking
10.2.12.4. Strategic Initiatives
10.2.13 Apple
10.2.13.1. Company Overview
10.2.13.2. Financial Performance
10.2.13.3. Service Benchmarking
10.2.13.4. Strategic Initiatives
10.3. Heat Map Analysis/Company Market Position Analysis
10.4. Estimated Company Market Share Analysis, 2023
10.5. List of Other Key Market Players
List of Tables
Table 1. List of Secondary Sources
Table 2. List of Abbreviations
Table 3. Global Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 4. Global Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 5. Global Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 6. Global Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 7. Global Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 8. Global Wearable Medical Device Market, by Region, 2018 - 2030 (USD Million)
Table 9. North America Wearable Medical Device Market, by Country, 2018 - 2030 (USD Million)
Table 10. North America Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 11. North America Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 12. North America Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 13. North America Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 14. North America Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 15. U.S. Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 16. U.S. Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 17. U.S. Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 18. U.S. Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 19. U.S. Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 20. Canada Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 21. Canada Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 22. Canada Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 23. Canada Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 24. Canada Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 25. Europe Wearable Medical Device Market, by Country, 2018 - 2030 (USD Million)
Table 26. Europe Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 27. Europe Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 28. Europe Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 29. Europe Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 30. Europe Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 31. Germany Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 32. Germany Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 33. Germany Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 34. Germany Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 35. Germany Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 36. UK Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 37. UK Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 38. UK Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 39. UK Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 40. UK Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 41. France Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 42. France Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 43. France Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 44. France Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 45. France Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 46. Italy Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 47. Italy Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 48. Italy Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 49. Italy Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 50. Italy Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 51. Spain Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 52. Spain Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 53. Spain Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 54. Spain Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 55. Spain Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 56. Denmark Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 57. Denmark Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 58. Denmark Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 59. Denmark Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 60. Denmark Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 61. Sweden Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 62. Sweden Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 63. Sweden Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 64. Sweden Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 65. Sweden Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 66. Norway Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 67. Norway Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 68. Norway Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 69. Norway Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 70. Norway Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 71. Asia Pacific Wearable Medical Device Market, by Country, 2018 - 2030 (USD Million)
Table 72. Asia Pacific Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 73. Asia Pacific Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 74. Asia Pacific Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 75. Asia Pacific Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 76. Asia Pacific Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 77. China Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 78. China Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 79. China Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 80. China Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 81. China Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 82. Japan Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 83. Japan Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 84. Japan Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 85. Japan Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 86. Japan Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 87. India Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 88. India Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 89. India Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 90. India Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 91. India Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 92. South Korea Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 93. South Korea Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 94. South Korea Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 95. South Korea Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 96. South Korea Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 97. Australia Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 98. Australia Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 99. Australia Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 100. Australia Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 101. Australia Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 102. Thailand Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 103. Thailand Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 104. Thailand Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 105. Thailand Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 106. Thailand Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 107. Latin America Wearable Medical Device Market, by Country, 2018 - 2030 (USD Million)
Table 108. Latin America Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 109. Latin America Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 110. Latin America Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 111. Latin America Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 112. Latin America Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 113. Brazil Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 114. Brazil Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 115. Brazil Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 116. Brazil Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 117. Brazil Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 118. Mexico Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 119. Mexico Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 120. Mexico Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 121. Mexico Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 122. Mexico Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 123. Argentina Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 124. Argentina Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 125. Argentina Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 126. Argentina Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 127. Argentina Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 128. Middle East & Africa Wearable Medical Device Market, by Country, 2018 - 2030 (USD Million)
Table 129. Middle East & Africa Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 130. Middle East & Africa Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 131. Middle East & Africa Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 132. Middle East & Africa Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 133. Middle East & Africa Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 134. South Africa Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 135. South Africa Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 136. South Africa Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 137. South Africa Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 138. South Africa Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 139. Saudi Arabia Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 140. Saudi Arabia Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 141. Saudi Arabia Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 142. Saudi Arabia Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 143. Saudi Arabia Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 144. UAE Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 145. UAE Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 146. UAE Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 147. UAE Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 148. UAE Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 149. Kuwait Wearable Medical Device Market, by Product, 2018 - 2030 (USD Million)
Table 150. Kuwait Wearable Medical Device Market, by Site, 2018 - 2030 (USD Million)
Table 151. Kuwait Wearable Medical Device Market, by Application, 2018 - 2030 (USD Million)
Table 152. Kuwait Wearable Medical Device Market, by Grade Type, 2018 - 2030 (USD Million)
Table 153. Kuwait Wearable Medical Device Market, by Distribution Channel, 2018 - 2030 (USD Million)
Table 154. Participant’s Overview
Table 155. Financial Performance
Table 156. Product Benchmarking
Table 157. Strategic Initiatives
List of Figures
Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Market Research Approaches
Fig. 4 Value Chain-Based Sizing & Forecasting
Fig. 5 Market Formulation & Validation
Fig. 6 Wearable Medical Device Market, Market Segmentation
Fig. 7 Market Driver Analysis (Current & Future Impact)
Fig. 8 Market Restraint Analysis (Current & Future Impact)
Fig. 9 Market Opportunity Analysis (Current & Future Impact)
Fig. 10 Market Challenge Analysis (Current & Future Impact)
Fig. 11 SWOT Analysis, By Factor (Political & Legal, Economic and Technological)
Fig. 12 Porter’s Five Forces Analysis
Fig. 13 Regional Marketplace: Key Takeaways
Fig. 14 Global Wearable Medical Device Market, for Diagnostic Devices, 2018 - 2030 (USD Million)
Fig. 15 Global Wearable Medical Device Market, for Vital Sign Monitoring Devices, 2018 - 2030 (USD Million)
Fig. 16 Global Wearable Medical Device Market, for Heart Rate Monitors, 2018 - 2030 (USD Million)
Fig. 17 Global Wearable Medical Device Market, for Activity Monitors, 2018 - 2030 (USD Million)
Fig. 18 Global Wearable Medical Device Market, for Electrocardiographs, 2018 - 2030 (USD Million)
Fig. 19 Global Wearable Medical Device Market, for Pulse Oximeters, 2018 - 2030 (USD Million)
Fig. 20 Global Wearable Medical Device Market, for Spirometers, 2018 - 2030 (USD Million)
Fig. 21 Global Wearable Medical Device Market, for Blood Pressure Monitors, 2018 - 2030 (USD Million)
Fig. 22 Global Wearable Medical Device Market, for Others, 2018 - 2030 (USD Million)
Fig. 23 Global Wearable Medical Device Market, for Sleep Monitoring Devices, 2018 - 2030 (USD Million)
Fig. 24 Global Wearable Medical Device Market, for Sleep trackers, 2018 - 2030 (USD Million)
Fig. 25 Global Wearable Medical Device Market, for Wrist Actigraphs, 2018 - 2030 (USD Million)
Fig. 26 Global Wearable Medical Device Market, for Polysomnographs, 2018 - 2030 (USD Million)
Fig. 27 Global Wearable Medical Device Market, for Others, 2018 - 2030 (USD Million)
Fig. 28 Global Wearable Medical Device Market, for Electrocardiographs Fetal And Obstetric Devices, 2018 - 2030 (USD Million)
Fig. 29 Global Wearable Medical Device Market, for Neuromonitoring Devices, 2018 - 2030 (USD Million)
Fig. 30 Global Wearable Medical Device Market, for Electroencephalographs, 2018 - 2030 (USD Million)
Fig. 31 Global Wearable Medical Device Market, for Electromyographs, 2018 - 2030 (USD Million)
Fig. 32 Global Wearable Medical Device Market, Others, 2018 - 2030 (USD Million)
Fig. 33 Global Wearable Medical Device Market, for Therapeutic Devices, 2018 - 2030 (USD Million)
Fig. 34 Global Wearable Medical Device Market, for Pain Management Devices, 2018 - 2030 (USD Million)
Fig. 35 Global Wearable Medical Device Market, for Neurostimulation Devices, 2018 - 2030 (USD Million)
Fig. 36 Global Wearable Medical Device Market, for Others, 2018 - 2030 (USD Million)
Fig. 37 Global Wearable Medical Device Market, for Insulin/Glucose Monitoring Devices, 2018 - 2030 (USD Million)
Fig. 38 Global Wearable Medical Device Market, for Insulin Pumps, 2018 - 2030 (USD Million)
Fig. 39 Global Wearable Medical Device Market, for Others, 2018 - 2030 (USD Million)
Fig. 40 Global Wearable Medical Device Market, for Rehabilitation Devices, 2018 - 2030 (USD Million)
Fig. 41 Global Wearable Medical Device Market, for Accelometers, 2018 - 2030 (USD Million)
Fig. 42 Global Wearable Medical Device Market, for Sensing Devices, 2018 - 2030 (USD Million)
Fig. 43 Global Wearable Medical Device Market, for Ultrasound Platform, 2018 - 2030 (USD Million)
Fig. 44 Global Wearable Medical Device Market, for Others, 2018 - 2030 (USD Million)
Fig. 45 Global Wearable Medical Device Market, for Respiratory Therapy Devices, 2018 - 2030 (USD Million)
Fig. 46 Global Wearable Medical Device Market, for Ventilators, 2018 - 2030 (USD Million)
Fig. 47 Global Wearable Medical Device Market, for Positive Airway Pressure (PAP) Devices, 2018 - 2030 (USD Million)
Fig. 48 Global Wearable Medical Device Market, for Portable Oxygen Concentrators, 2018 - 2030 (USD Million)
Fig. 49 Global Wearable Medical Device Market, for Others, 2018 - 2030 (USD Million)
Fig. 50 Regional Outlook, 2021 & 2030
Fig. 51 North America Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 52 U.S. Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 53 Canada Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 54 Europe Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 55 Germany Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 56 UK Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 57 France Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 58 Italy Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 59 Spain Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 60 Denmark Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 61 Sweden Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 62 Norway Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 63 Asia Pacific Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 64 Japan Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 65 China Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 66 India Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 67 Australia Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 68 South Korea Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 69 Thailand Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 70 Latin America Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 71 Brazil Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 72 Mexico Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 73 Argentina Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 74 Middle East and Africa Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 75 South Africa Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 76 Saudi Arabia Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 77 UAE Wearable Medical Device Market, 2018 - 2030 (USD Million)
Fig. 78 Kuwait Wearable Medical Device Market, 2018 - 2030 (USD Million)
Market Segmentation
There has been an upsurge in the awareness among consumers to record and track information regarding their health habits. The personal informatics movement attained popularity primarily by the launch of mobile applications that made it easy for users to keep daily records of miles run & calories ingested, among others. As numerous companies introduced devices that integrate sensors and accelerometers to catch data inevitably, users are unbound from filling up information by themselves. Several companies are presenting wearable devices that sense blood oxygen & respiration level, heat flux, galvanic skin response, heart & pulse rate, and skin temperature. Therefore, keenness in tracking of health data has augmented. Users can adjust their health with the assistance of smartphone apps, several wearables, and other connected devices. Furthermore, it is difficult to improve sleep, lose weight, count calories, and remain fit. This type of modest & prompt access is also altering the expectations and attitude of users related to healthcare.
As medical device companies focus on refining sensor accuracy, the performance gap between non-medical grade & medical wearables is decreasing, boosting the growth of numerous wearable devices categories. The competence of embedded sensors is generally the deciding factor in the effectiveness and dependability of a wearable product. Given the developments in sensors witnessed in the last few years, sensors built into wearables will likely be proficient of more accurate readings, and drive the market growth.
Developments in integration and miniaturization are likely to upsurge the adoption of smart patches, ingestible, printed wearables, & smart garments. These unnoticeable and almost invisible wearable devices will be predominantly substantial and recognized by conventionally reluctant users.; for instance, older patients who need medical devices but want to stay discrete regarding the device or their sickness. The trend in medical device design & development industry is of small & portable products that require sophisticated manufacturing technologies, several components, along with automation systems.
As wearable devices support constant data collection, they hold a problem regarding security and confidentiality. Utilizing wearable medical devices with Bluetooth & cloud connectivity, clinics and hospitals produce a pool of data. Surge in occurrences of cybercrime and hacking are chief hindrances for the wearable medical devices market. In order to solve this issue, the Health Insurance Portability and Accountability Act (HIPAA) laid grounds in 1996, which safeguards the right to confidentiality of any patient information. The defilement of this act may result in a fine of up to USD 4 million.
This section will provide insights into the contents included in this wearable medical device market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance
A three-pronged approach was followed for deducing the wearable medical device market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for wearable medical device market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of wearable medical device market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The wearable medical device market was categorized into four segments, namely product (Diagnostic Devices, Therapeutic Devices), site (Handheld, Headband, Strap/Clip/Bracelet, Shoe Sensors), application (Sports And Fitness, Remote Patient Monitoring, Home Healthcare), regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).
The wearable medical device market was segmented into product, site, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The wearable medical device market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-nine countries, namely, the U.S.; Canada; the UK; Germany; Italy; Spain; France; Sweden; Denmark; Norway; Russia; Netherlands; China; Japan; India; Australia; South Korea; Singapore; Thailand; Philippines; Malaysia; Brazil; Mexico; Argentina; Colombia; South Africa; Saudi Arabia; UAE; Kuwait.
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The wearable medical device market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Koninklijke Philips N.V. - Koninklijke Philips N.V. is a health technology company that operates in four segments—diagnosis & treatment, connected care, personal health business, & other segments. The diagnostic & treatment business includes image-guided therapy, enterprise diagnostic informatics, ultrasound, and diagnostic imaging. The connected care business comprises monitoring & analytics, sleep & respiratory care, therapeutic care, and connected care informatics & population health management. The personal health business consists of oral healthcare, mother & child care, personal care & domestic appliances. The other segment comprises innovation, IP royalties, central costs, & real estate. The company operates in three market groups including North America, Greater China, & international markets that consist of seven regions active in more than 100 countries worldwide.
Medtronic - Medtronic is a global health solutions company engaged in development, manufacture, distribution, and commercialization of device-based medical therapies & services. It operates through four reporting segments: minimally invasive therapies, cardiac & vascular group, restorative therapies, and diabetes group. Its minimally invasive therapies segment includes products such as mesh fixation devices & hardware instruments; and surgical products including vessel sealing instruments, wound closure, stapling devices, electrosurgery products, & mesh implants. Its neurological segment offers infusion therapies, neurostimulation, and drug pump for chronic pain. Its brain therapy division markets an integrated portfolio of devices for the treatment of neurological disorders and surgical technologies designed to improve the workflow of neuro procedures. Its products include neurovascular stents, coils, and flow diversion products, as well as access & delivery products to support neuro procedures. The company has a global presence and operates from more than 370 locations in approximately 160 countries around the world. Its products are used mainly in surgery centers, hospitals, homecare, and long-term care facilities.
Samsung - Samsung Electronics Co. Ltd is a company which is engaged in manufacturing & distribution of electronic products. The company functions in three segments. The Information Technology & Mobile Communications (IM), Device Solutions (DS), and Consume Electronics. The IM segment manufactures computers, handhold phones, digital camera, network system and others. The DS segment operates in semiconductors and display parts, whereas the CE segment provides monitors, televisions, and others. The Harman segment manufactures telematics, speaker, head units among others. The company distributes its products in 84 countries over 213 locations worldwide.
Abbott - Abbott Laboratories is a global healthcare company focused on the development, manufacture, and commercialization of healthcare products around the world. The company operates through four segments: pharmaceutical products segment, diagnostic products segment, nutritional products segment, medical devices segment. Abbott pharmaceutical products segment offers generic medicines for pain, fever, pancreatic disorders, hypertension, cardiovascular and metabolic products, and vaccines. Wherein, the medical devices products segment portfolio of the company includes vascular, structural heart devices, electrophysiology, rhythm management, and heart failure devices for the treatment of cardiovascular diseases. Additionally, this segment offers neuromodulation devices for the management of movement disorders and chronic pain. The company also offers blood glucose, monitoring systems. The company has a global presence operating in more than 160 countries worldwide. St. Jude Medical operates as subsidiary of Abbott.
Stryker Corporation - Stryker Corporation is engaged in the development and commercialization of medical technology-based products & services. It operates through three segments: MedSurg, orthopedics, and neurotechnology & spine. Its neurotechnology and spine segment offers products such as neurosurgical, neurovascular, and spinal implant devices. Stryker’s neurotechnology and spine segment has sales through owned distribution outlets in the U.S., China, Netherlands, Switzerland, and France, whereas leased outlets in Ireland & the U.S. MedSurg segment is the second-largest segment of the company, and it includes instruments, medical, endoscopy & sustainability solutions. The company’s orthopedic segment offers products such as implants for use in hip & knee joint replacements and trauma surgeries. Stryker sells its products in more than 80 countries through its branches, subsidiaries, distributors, and third-party dealers to doctors, hospitals, & other healthcare facilities.
Sotera Wireless - Sotera Wireless is a privately held organization that manufactures medical devices. The company was renamed in 2009 from Triage Wireless to Sotera Wireless, post a settlement agreement with Inverness Medical Innovations, Inc. It deals in production, marketing, and distribution of various wearable vital sign monitoring devices equipped with latest technology to minimize invasiveness and allow early detection of chronic conditions.
Zephyr Technology Corporation (Covidien) - Zephyr Technology Corporation manufactures remote physiological monitoring devices, advanced heart rate monitors, and wireless telehealth systems for remote monitoring of patients. It produces physical status monitoring solutions that are used in industries such as healthcare, defense, and research & training institutes. It was a privately held organization until 2014, then, Medtronic, a publicly held company, acquired it. Globally, the firm has distribution units in the U.S., the UK, Singapore, and Germany and about 31 distributors across 40 other countries.
Omron Corporation - OMRON Corporation is a multinational company that provides services in four business segments: mechanical components, industrial automation, healthcare, and social systems. The company facilitates innovative medical technologies for monitoring and therapy as a key player in home monitoring healthcare segment. Digital blood pressure monitors, body fat monitors, respiratory therapy device digital thermometers, pain therapy devices, and other items possessing OMRON's Bio-information Sensing are among the products in its portfolio. The company was the first to introduce manual & digital blood pressure monitors to the leading home healthcare market, and it has the highest market share in the household digital blood pressure monitor category in India and globally. The company was listed in the Thomson Reuters list of top 100 global innovators in 2013. The company’s products and services are available in 120 countries.
Everist Health - Everist Health is a private company that develops personalized medicines. It also develops and commercializes medically different technologies to help and improve medical outcomes, reducing total cost of care. The company has operating business units for diagnostics, therapeutics, and wellness. It manufactures devices such as Vascular Age Calculator to measure one’s vascular age to assess the risk of developing Cardiovascular Diseases (CVDs) and angino defender that predicts a patient’s risk of developing CVD. The company also offers Covid Age risk calculator as factors change with age and other health conditions. It has branch offices in Florida, South Dakota, and New York.
Polar Electro - Polar Electro is a sports training computer manufacturer best known for developing the world's first wireless heart rate monitor. The company combines sports, physiology, and electronics expertise with consumer understanding. It develops heart rate monitors and fitness tracking devices for athletes. Heart rate monitors are developed for measuring heart activities in humans. Other core devices included in the company’s product portfolio are mobile apps, GPS watches, OEM technologies, sports sensors, consumer electronics, and group training solutions. The company distributes its products through a distribution channel with over 35,000 suppliers, and currently has 21 subsidiaries.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
revenue/volume
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.
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