Insights on the Wearable Medical Devices Global Market to 2027 - by Device Type, Product, Application, Distribution Channel and Region

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May 24, 2022, 14:45 ET

DUBLIN, May 24, 2022 /PRNewswire/ -- The "Wearable Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global wearable medical devices market reached a value of US$ 18.96 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 60.55 Billion by 2027, exhibiting a CAGR of 22.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Wearable medical devices refer to various instruments that are non-invasively attached to the body for monitoring the patient's health. It includes multiple diagnostic devices, such as vital signs, glucose, sleep, fetal, obstetric and neuromonitoring devices, along with numerous therapeutic devices for pain management, rehabilitation and respiratory therapy.

These devices consist of biosensors, controllers, power source and software systems for data acquisition, interpretation, transfer and storage. They can be worn as an accessory, incorporated in clothing or used as an implant. They are used regularly for accurate measurement of the patient's vital stats and predicting epileptic seizures and heart problems, which can further aid in enhancing comfort and providing timely clinical interventions to the patient.

Significant growth in the healthcare infrastructure, along with the increasing prevalence of chronic medical ailments, represents one of the key factors creating a positive outlook for the market growth. Furthermore, as the coronavirus disease (COVID-19) pandemic continues to spread across the globe, there has been a significant increase in the demand for wearable medical devices in healthcare centers.

These devices have immense applicability for monitoring, providing feedback, rehabilitation, disease management and suggesting adequate treatment. This, in turn, is aiding individuals to keep a regular check of their health concerns and address them in a timely manner.

Additionally, various technological advancements, such as the development of the internet of things (IoT)-integrated smartwatches, patches and smart clothing, are acting as other growth-inducing factors. These technologies ensure accurate storing and monitoring of patient information, both on-premises and remotely. Other factors, including the rising geriatric population, along with increasing expenditure capacities of consumers on health management technologies, are anticipated to drive the market further.

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc. (Google LLC), Garmin Ltd., Honeywell International Inc., Koninklijke Philips N.V., Medtronic Plc, Omron Corporation and Vital Connect Inc.

Key Questions Answered in this Report
1. What will be the global wearable medical devices market outlook during the forecast period (2022-2027)?
2. What is the global wearable medical devices market drivers?
3. What are the major trends in the global wearable medical devices market?
4. What is the impact of COVID-19 on the global wearable medical devices market?
5. What is the global wearable medical devices market breakup by device type?
6. What is the global wearable medical devices market breakup by product?
7. What is the global wearable medical devices market breakup by application?
8. What is the global wearable medical devices market breakup by distribution channel?
9. What are the major regions in the global wearable medical devices market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Wearable Medical Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Device Type
6.1 Diagnostic Devices
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Vital Sign Monitoring Devices
6.1.2.2 Sleep Monitoring Devices
6.1.2.3 Electrocardiographs and Obstetric Devices
6.1.2.4 Neuromonitoring Devices
6.1.3 Market Forecast
6.2 Therapeutic Devices
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Pain Management Devices
6.2.2.2 Insulin Delivery Devices
6.2.2.3 Rehabilitation Devices
6.2.2.4 Respiratory Therapy Devices
6.2.3 Market Forecast

7 Market Breakup by Product
7.1 Activity Monitors
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Smartwatches
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Patches
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Smart Clothing
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Hearing Aids
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast

8 Market Breakup by Application
8.1 Sports and Fitness
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Remote Patient Monitoring
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Home Healthcare
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Distribution Channel
9.1 Offline
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Online
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Abbott Laboratories
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Apple Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Dexcom Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Fitbit Inc. (Google LLC)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 Garmin Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Honeywell International Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Koninklijke Philips N.V.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Medtronic plc
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Omron Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Vital Connect Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio