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Global Wearable Medical Devices Market 2018-2022

Global Wearable Medical Devices Market 2018-2022

About Wearable Medical Devices

Wearable medical devices are defined as devices with sensors that are worn by a person. These devices detect and monitor changes in body signatures of various areas and organs.

Technavio’s analysts forecast the global wearable medical devices market to grow at a CAGR of 9.82% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global wearable medical devices market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wearable Medical Devices Market 2018-2022, 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
  • Fitbit
  • Garmin
  • Koninklijke Philips
  • OMRON Corporation
  • Sonova
  • William Demant
Market driver
  • Increasing prevalence of chronic diseases
  • For a full, detailed list, view our report
Market challenge
  • High cost of devices
  • For a full, detailed list, view our report
Market trend
  • Emergence of innovative wearable medical devices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Wearable Medical Devices Market 2018-2022

Technavio recognizes the following companies as the key players in the global wearable medical devices market: Fitbit, Garmin, Koninklijke Philips, OMRON Corporation, and Sonova.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of innovative wearable medical devices. The global wearable medical devices market has been witnessing a trend of increased innovation. Manufactures are designing wearable medical devices to be more compact, light and ergonomic. Technologies such as system-on-chip (SoC) and chip scale package (CSP) are enabling the manufacturers to shrink the size of wearable devices.”

According to the report, one driver in the market is increasing prevalence of chronic diseases. The increasing worldwide prevalence of CVDs such as stroke and cardiac diseases, chronic respiratory diseases such as asthma, preterm births, neurological disorders, hearing disorders, chronic pain, chronic diseases such as diabetes and rise in aging population is estimated to increase the demand for wearable medical devices.

Further, the report states that one challenge in the market is high cost of devices. Many devices are priced on the basis of the type of function and diagnosis. For instance, insulin pump on an average cost around $4,500-$6,500. The high device cost when coupled with maintenance charges can result in significant increase in costs for the user

Companies Mentioned

Fitbit, Garmin, Koninklijke Philips, OMRON Corporation, and Sonova.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global wearable medical devices market 2017-2022 ($ millions)
      • Table Global wearable medical devices market: Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by application
    • Segmentation by application
      • Table Global wearable medical devices market - Segmentation by application 2017-2022 (%)
    • Comparison by application
      • Table Comparison by application
    • Wearable therapeutic medical devices market
      • Table Global wearable therapeutic medical devices market 2017-2022 ($ millions)
      • Table Global wearable therapeutic medical devices market- Year over year growth 2018-2022 (%)
      • Table Global hearing aids market 2017-2022 ($ millions)
      • Table Global hearing aids market - Year over year growth 2018-2022 (%)
      • Table Hearing aids in the market
      • Table Global wearable respiratory therapy devices 2017-2022 ($ millions)
      • Table Global wearable respiratory therapy devices market- Year over year growth 2018-2022 (%)
      • Table Wearable respiratory therapy devices in the market
      • Table Global insulin pumps market 2017-2022 ($ millions)
      • Table Global Insulin pumps market - Year over year growth 2018-2022 (%)
      • Table Insulin pumps in the market
      • Table Global wearable pain management devices market 2017-2022 ($ millions)
      • Table Global wearable pain management devices market - Year over year growth 2018-2022 (%)
      • Table Wearable pain management devices in the market
    • Wearable diagnostic and monitoring medical devices market
      • Table Global wearable diagnostic and monitoring medical devices market 2017-2022 ($ millions)
      • Table Global wearable diagnostic and monitoring medical devices - Year over year growth 2018-2022 (%)
      • Table Global wearable vital signs and activity monitoring devices market 2017-2022 ($ millions)
      • Table Global wearable vital signs and activity monitoring devices market - Year over year growth 2018-2022 (%)
      • Table Wearable vital signs and activity monitoring devices in the market
      • Table Global wearable ECG monitoring devices 2017-2022 ($ millions)
      • Table Global wearable ECG monitoring devices market- Year over year growth 2018-2022 (%)
      • Table Wearable ECG monitoring devices in the market
      • Table Global wearable fetal monitors and obstetric devices market 2017-2022 ($ millions)
      • Table Global wearable fetal monitors and obstetric devices market - Year over year growth 2018-2022 (%)
      • Table Wearable fetal monitors and obstetric devices in the market
      • Table Global wearable neuromonitoring devices market 2017-2022 ($ millions)
      • Table Global wearable neuromonitoring devices market - Year over year growth 2018-2022 (%)
      • Table Wearable neuromonitoring devices in the market
    • Market opportunity by application
      • Table Market opportunity by application
  • Market segmentation by end-user
    • Table Global wearable medical devices market share by end user 2017 (%)
    • Home-healthcare
    • Hospitals and clinics
    • Sports and fitness
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global wearable medical devices market: Segmentation by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Wearable medical devices market in Americas
      • Table Wearable medical devices market in Americas 2017-2022 ($ millions)
      • Table Wearable medical devices market in Americas - Year over year growth 2018-2022 (%)
      • Table Top three countries in Americas
    • Wearable medical devices market in EMEA
      • Table Wearable medical devices market in EMEA 2017-2022 ($ millions)
      • Table Wearable medical devices market in EMEA: Year-over-year growth 2018-2022 (%)
      • Table Top three countries in EMEA
    • Wearable medical devices market in APAC
      • Table Wearable medical devices market in APAC 2017-2022 ($ millions)
      • Table Wearable medical devices market in APAC: Year-over-year growth 2018-2022 (%)
      • Table Top three countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emergence of innovative wearable medical devices
    • Strategic M&A and collaborations
    • Increasing online presence of vendors
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
      • Table Competitive structure analysis of global wearable medical devices market 2017
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Fitbit
      • Table Fitbit: Overview
      • Table Fitbit - product categories
      • Table Fitbit - Organizational developments
      • Table Fitbit - Geographic focus
      • Table Fitbit - Segment focus
      • Table Fitbit - Key offerings
      • Table Fitbit - Key customers
    • Garmin
      • Table Garmin overview
      • Table Garmin - Business segments
      • Table Garmin - Organizational developments
      • Table Garmin - Geographic focus
      • Table Garmin - Segment focus
      • Table Garmin - Key offerings
      • Table Garmin - Key customers
    • Koninklijke Philips
      • Table Koninklijke Philips: Overview
      • Table Koninklijke Philips - Business segments
      • Table Koninklijke Philips - Organizational developments
      • Table Koninklijke Philips - Geographic focus
      • Table Koninklijke Philips - Segment focus
      • Table Koninklijke Philips - Key offerings
      • Table Koninklijke Philips - Key customers
    • OMRON Corporation
      • Table OMRON Corporation: Overview
      • Table OMRON Corporation- Business segments
      • Table OMRON Corporation - Organizational developments
      • Table OMRON Corporation - Geographic focus
      • Table OMRON Corporation - Segment focus
      • Table OMRON Corporation - Key offerings
      • Table OMRON Corporation - Key customers
    • Sonova
      • Table Sonova: Overview
      • Table Sonova - Business segments
      • Table Sonova - Organizational developments
      • Table Sonova - Geographic focus
      • Table Sonova - Segment focus
      • Table Sonova - Key offerings
      • Table Sonova - Key customers
    • William Demant
      • Table William Demant: Overview
      • Table William Demant - Business segments
      • Table William Demant - Organizational developments
      • Table William Demant - Geographic focus
      • Table William Demant - Segment focus
      • Table William Demant - Key offerings
      • Table William Demant - Key customers
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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