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Global Diagnostic Wearable Medical Devices Market 2016-2020

About the Diagnostic Wearable Medical Devices Market

Diagnostic wearable medical devices are used to monitor, control, and track an individual's vital signs at regular intervals. These devices are connected to an individual’s body for the measurement of certain physiological information. They are available in the form of eyeglasses, watch, clothing, jewelry, and contact lenses. Diagnostic wearable medical devices monitor physiological data through remote or wireless communication and transmit this information to medical professionals or the user. These are autonomous, non-invasive devices that help assess specific medical functions such as blood pressure, body temperature, respiratory rate, glucose quantity, heart rate, and blood oxygen saturation. These devices also help determine parameters such as the heart rate, muscle activity, and calories burned during exercise and activities such as walking and jogging.

Technavio’s analysts forecast the global diagnostic wearable medical devices market to grow at a CAGR of 14.01% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global diagnostic wearable medical devices market for 2016-2020. To calculate the market size, the report considers the revenue generated by the following five major segments and three applications.Segments type:

  • Vital signs monitors
  • Sleep and activity monitors
  • Fetal and obstetric devices
  • Neuromonitoring devices
  • Electrocardiogram (ECG) monitors
Application type:
  • Sports and fitness
  • Remote patient monitoring
  • Home healthcare
The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global Diagnostic Wearable Medical Devices Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cleveland Medical Device
  • Fitbit
  • Medtronic
  • Omron Healthcare
  • Polar Electro
Other prominent vendors
  • Drägerwerk
  • Everist Genomics
  • Gentag
  • Intelesens
  • LifeWatch
  • Nuubo
  • Philips Healthcare
  • ResMed
  • Vital Connect
  • WinMedical
Market driver
  • Growing demand for early diagnosis and preventive medicine
  • For a full, detailed list, view our report
Market challenge
  • Data privacy issues
  • For a full, detailed list, view our report
Market trend
  • Increasing innovations in diagnostic wearable medical devices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Diagnostic Wearable Medical Devices Market 2016-2020

Technavio recognizes the following companies as the key players in the global diagnostic wearable medical devices market: Cleveland Medical Device, Fitbit, Medtronic, Omron Healthcare, and Polar Electro.

Other Prominent Vendors in the market are: Basis Science, Drägerwerk, Everist Genomics, Gentag, Intelesens, LifeWatch, Nuubo, Philips Healthcare, ResMed, Vital Connect, and WinMedical.

Commenting on the report, an analyst from Technavio’s team said: “A trend which is already making an impact on the market is the emergence of innovative diagnostic wearable medical devices. Companies are increasingly adopting new technologies to meet the growing consumer needs. Consumers are looking for additional applications, indications, and easy usability. Therefore, companies are focusing on improving the features, diagnosis, and outcomes. For instance, Phillips has launched a new wearable diagnostic device for individuals suffering from chronic obstructive pulmonary disease.”

According to the report, a key growth driver is the growing demand for early diagnosis and preventive medicine. Diagnostic wearable devices enable individuals to obtain real-time data, thus allowing them to track their health status. These devices include biosensing cloth, vital signs monitors, neuromonitoring devices, sensor-embedded equipment, wristband devices for sports and fitness, and sleep rate monitoring devices. For example, biosensing clothing such as Heddoko and Hexoskin allow users to know exactly in which part of the body high pressure is being exerted.

Further, the report states that one challenge that could restrict market growth is data privacy issues. Diagnostic wearable medical devices involve the transfer of individual's health data to healthcare providers, which poses several privacy issues. The implications of giving up one's health data are huge. These devices share an enormous amount of data associated with personal health and fitness to an unquantifiable audience.



Companies Mentioned

Cleveland Medical Device, Fitbit, Medtronic, Omron Healthcare, Polar Electro, Basis Science, Drägerwerk, Everist Genomics, Gentag, Intelesens, LifeWatch, Nuubo, Philips Healthcare, ResMed, Vital Connect, WinMedical.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • History of wearable medical devices
    • Applications of wearable medical devices
      • Table Applications of wearable medical devices
    • Technologies in diagnostic wearable medical devices
      • Table Working mechanism of a diagnostic wearable medical device
    • Advantages of diagnostic wearable medical devices
    • Common design challenges for a diagnostic wearable medical device
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global diagnostic wearable medical devices market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by device type
    • Table Global diagnostic wearable medical devices market segmentation by device type
    • Table Global diagnostic wearable medical devices market segmentation by device type 2015
    • Table Global diagnostic wearable medical devices market segmentation by device type 2020
    • Vital signs monitors
      • Table Vital signs monitor categories
      • Table Examples of diagnostic wearable vital signs monitors
      • Table Global diagnostic wearable vital signs monitoring devices market 2015-2020 ($ billions)
    • Sleep and activity monitors
      • Table Examples of sleep and activity monitoring diagnostic wearable medical devices
      • Table Global diagnostic wearable sleep and activity monitoring devices market 2015-2020 ($ billions)
    • Fetal and obstetric monitoring devices
      • Table Examples of fetal and obstetric diagnostic wearable devices
      • Table Global diagnostic wearable fetal and obstetric monitoring devices market 2015-2020 ($ millions)
    • Neuromonitoring devices
      • Table Neuromonitoring devices
      • Table Examples of neuromonitoring diagnostic wearable devices
      • Table Global diagnostic wearable neuromonitoring devices market 2015-2020 ($ millions)
    • ECG monitors
      • Table Global diagnostic wearable ECG monitoring devices market 2015-2020 ($ millions)
      • Table Global diagnostic wearable medical devices market by product type 2015-2020 ($ millions)
      • Table Global diagnostic wearable medical devices market by product type 2015-2020
  • Market segmentation by application
    • Table Global diagnostic wearable medical devices market by application
    • Sports and fitness
      • Table Examples for sports and fitness application
    • Remote patient monitoring
      • Table Examples for remote patient monitoring application
    • Home healthcare
      • Table Examples for home healthcare applications
  • Geographical segmentation
    • Table Segmentation of global diagnostic wearable medical devices market by geography 2015
    • Table Segmentation of global diagnostic wearable medical devices market by geography 2020
    • Diagnostic wearable medical devices market in Americas
      • Table Diagnostic wearable medical devices market in Americas 2015-2020 ($ billions)
    • Diagnostic wearable medical devices market in EMEA
      • Table Diagnostic wearable medical devices market in EMEA 2015-2020 ($ millions)
    • Diagnostic wearable medical devices market in APAC
      • Table Diagnostic wearable medical devices market in APAC 2015-2020 ($ millions)
      • Table Global diagnostic wearable medical devices market by geography 2015-2020 ($ millions)
      • Table Global diagnostic wearable medical devices market by geography 2015-2020
  • Market drivers
    • Growing demand for early diagnosis and preventive medicine
    • Increasing prevalence of chronic diseases
    • Increased need for cost-effective diagnosis
    • Rise in disposable income levels and living standards
    • Growing use of smartphones
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Data privacy issues
    • Growing design constraints
    • Low compliance of diagnostic wearable medical devices
    • Stringent regulatory environment
    • Intense competition among vendors
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Emergence of innovative diagnostic wearable medical devices
    • Growing trend of new technology platforms in diagnostic wearables
    • Miniaturization of diagnostic wearable medical devices
    • Strategic acquisitions
      • Table Few M&A in global diagnostic wearable medical devices market
    • Increase in online purchasing
  • Vendor landscape
    • Competitive scenario
    • Key news
  • Key vendor analysis
    • Cleveland Medical Device
      • Table Cleveland Medical Device: Key takeaways
    • Fitbit
      • Table Fitbit: Key takeaways
    • Medtronic
      • Table Medtronic: Cardiac and vascular group revenue 2013-2015 ($ billions)
      • Table Medtronic: Key takeaways
    • Omron Healthcare
      • Table Omron Healthcare: Sales by product type 2015
      • Table Omron Healthcare: Key takeaways
    • Polar Electro
      • Table Polar Electro: Key takeaways
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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