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市場調查報告書
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1372875

穿戴式醫療設備市場 - 2018-2028 年全球產業規模、佔有率、趨勢、機會和預測,按產品類型、類型、用途、按應用、應用、配銷通路、業務細分、地區和競爭細分

Wearable Medical Devices Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2018-2028 Segmented By Product Type, By Type, By Purpose, By Site, By Application, By Distribution Channel, By Business Segment, By Region & Competition

出版日期: | 出版商: TechSci Research | 英文 172 Pages | 商品交期: 2-3個工作天內

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簡介目錄

全球穿戴式醫療設備市場估值在 2022 年達到 246.4 億美元,並有望實現顯著成長,預計到 2028 年年複合成長率 (CAGR) 為 15.63%。穿戴式醫療設備涵蓋多種醫療保健技術,個人可以舒適地佩戴來監測和追蹤其健康的各個方面。這些設備專為非侵入性且方便用戶使用的使用而設計,結合了感測器、連接功能和資料分析功能來收集和分析相關的健康資訊。它們提供即時監控和回饋,使個人、照護者和醫療保健專業人員能夠就健康和福祉做出明智的決策。穿戴式裝置的常見類別包括健身追蹤器、智慧手錶、心率監測器、血糖監測器和血壓監測器。

穿戴式裝置不僅傳輸健康資料,還可以透過即時監測認知和情緒來提供心理健康護理,促進個人化介入。穿戴式裝置的日益普及可歸因於這些和其他類似的應用程式。穿戴式醫療設備是實用且方便的技術工具,透過無縫資料傳輸的網路連接進一步增強了功能。這些設備得到了各種醫療機構的認可,用於管理慢性病,這些疾病一直在上升,導致死亡率上升。醫療保健專業人員可以遠端持續監控患者,提供個人化照護。

穿戴式醫療設備的主要優勢在於整合了智慧感測器,可以測量和監測心率、血壓和體溫等關鍵生理參數。在可聽設備或可攝取設備等各種醫療物聯網 (IoT) 設備中,穿戴式醫療技術已成為最受歡迎的選擇。

市場概況
預測期 2024-2028
2022 年市場規模 246.4億美元
2028 年市場規模 593.4億美元
2023-2028 年年複合成長率 15.63%
成長最快的細分市場 診斷設備
最大的市場 北美洲

主要市場促進因素

慢性病盛行率增加

慢性病,也稱為非傳染性疾病,是通常不是由感染引起而是由不健康的習慣或行為引起的疾病或病症。它們可能導致長期的健康問題,需要廣泛的治療。屬於此類別的疾病的例子包括心血管疾病、糖尿病、慢性肺病和各種癌症。根據世界衛生組織 (WHO) 的數據,慢性病佔全球死亡人數的近 74%,吸煙、不健康飲食、缺乏身體活動和過度飲酒等風險因素導致了慢性病的成長。

擴大使用遠端患者監控和遠距醫療服務

遠距醫療包括利用電信技術遠端或從醫院以外的地點提供的醫療保健服務。遠距患者監護是遠距醫療的一個組成部分,它採用技術與患者進行遠距離互動。自 COVID-19 大流行爆發以來,這些服務和技術的使用率不斷提高。鑑於慢性病患者數量龐大,穿戴式醫療設備的採用預計將進一步增加。穿戴式醫療設備有助於遠端監控慢性病患者,使醫療保健提供者能夠存取即時患者資料。這有助於及早發現健康問題、及時介入和遠距諮詢。這種功能對於行動不便或需要頻繁監測的人特別有價值,因為它可以最大限度地減少不必要的醫院就診的需要。

GluCare.Health(阿拉伯聯合大公國)是一家糖尿病中心和數位治療公司,利用 Fitbit 等連續血糖監測系統和連接的體重計來測量和收集患者資料。他們已任命醫療保健專業人員根據需要與患者進行遠端聯繫。此外,專門的護理團隊會監控患者的健康資料,包括血糖水平、心率和睡眠模式,同時管理他們的藥物治療。

健康數據追蹤的需求不斷增加

人們對記錄和追蹤有關其健康習慣的資訊越來越感興趣。隨著行動應用程式的推出,個人資訊學運動變得流行起來,這些應用程式有助於追蹤日常活動,例如行走距離和卡路里攝取量。這種做法也稱為資料日誌、生命追蹤或健康量化。隨著越來越多的公司開發出配備加速計和感測器來自動捕獲資料的穿戴式設備,用戶擺脫了手動輸入資訊的負擔。此外,多家公司還推出了監測血氧水平、呼吸頻率、心率、熱通量、皮膚電反應和皮膚溫度的穿戴式裝置。因此,人們對健康資料追蹤的興趣激增。

消費者現在可以使用穿戴式裝置、智慧型手機應用程式和其他連網裝置來管理自己的健康狀況。然而,要實現與改善睡眠、計算卡路里、減肥和健身相關的目標並不是一件容易的事。然而,這種便捷、即時的健康資訊取得方式正在重塑消費者在醫療保健領域的態度和期望。

現在的重點是開發能夠自動追蹤生理訊號的產品,這可以透過感測器技術的進步來實現。目前正在開發奈米級壓力感測器、植入式感測晶片、光學生物感測器、電子生物感測器和其他技術,以實現各種生理功能的無縫捕獲。最終,資料捕獲將擴展到嵌入我們環境中的設備和感測器,從而使穿戴式設備過時。例如,高速視訊可用於可視化人臉上的血流,然後將其轉換為脈搏率。在短期內,穿戴式裝置將被設計成類似於珠寶或黏合貼片的形式,並結合軟性電子設備。智慧諮詢和指導軟體將進一步增強對個人健康資料的追蹤,這些軟體可以自訂來解釋資料、提供警報以及提供解釋和建議。這些系統和設備將有助於最佳化運動和身體表現。例如,電子生物感測器可以檢測汗水中的乳酸水平,使運動員能夠改善訓練並提高無氧代謝效率。

全天候監控的需求不斷成長

由於久坐的生活方式,高血壓和糖尿病等疾病的盛行率預計在預測期內將會上升。這些疾病需要持續監測血壓和血糖值等生理參數。這凸顯了將醫療保健資料與攜帶式設備整合的必要性,使醫生能夠即時存取、減少錯誤並推動行業需求。此外,與非傳染性疾病發病率不斷上升相關的死亡率不斷上升是一個重大問題,進一步刺激了對遠端監測設備的需求。這些因素預計將推動穿戴式醫療設備市場的發展。

慢性病盛行率的增加和死亡率的上升是個人和政府組織都非常關心的問題。因此,醫療保健提供者更加重視個人化護理,包括持續的患者監測。穿戴式醫療設備提供 24/7 監控功能,因為許多設備可以全天候佩戴。因此,穿戴式裝置的需求預計將在預測期內激增。

此外,技術進步和智慧型手機連接等有吸引力的產品功能正在推動醫療穿戴式裝置的採用。這些設備的開發是為了解決各種健康問題,包括疼痛管理、心律不整、氣喘和慢性阻塞性肺病。例如,患有可能危及生命的心臟疾病的人可以使用穿戴式心電圖 (ECG) 設備來監測心率並檢測心律不整。這些設備可以記錄呼吸急促、胸痛和其他相關症狀等事件。記錄後,該設備會測量皮膚溫度、血氧水平和心率等重要參數。另一個例子包括用於疼痛管理的穿戴式設備,通常在醫療行業中用於施用止痛藥或提供經皮神經電刺激。

主要市場挑戰

發展中國家缺乏認知

欠發達或發展中地區民眾缺乏了解可能是未來幾年全球穿戴式醫療設備市場的重大問題。在這些地區,獲得教育和醫療保健資源的機會可能有限,穿戴式醫療設備的採用和接受可能會面臨障礙。此外,智慧型手機和其他先進技術的可用性和承受能力有限,進一步增加了擴大這些地區穿戴式醫療設備市場的挑戰。克服這些障礙需要創新的解決方案和合作,以確保穿戴式醫療設備的好處惠及所有人,無論其地理位置或社會經濟地位如何。

無法報銷

報銷設施的缺乏,加上醫療診斷和治療成本的不斷上升,對醫療保健服務的採用產生了重大影響。它阻礙了疾病的早期發現和及時干涉,從而阻礙了醫療保健支出的減少。用於活動追蹤、日常監測和生命參數資料收集的穿戴式醫療設備,例如健身追蹤器、智慧手錶、腕帶和頭戴設備,目前無法獲得報銷。因此,這些設備主要可供可支配收入較高的個人使用,從而限制了其整體成長潛力。

某些產品,例如胰島素幫浦等感測器/晶片,被嵌入患者體內並以固定的時間間隔施用藥物劑量以管理慢性病。這些產品有資格獲得美國和歐洲機構的報銷。然而,獲得報銷需要大量的文件和科學資料的支持。

主要市場趨勢

人工智慧領域的技術進步

醫療保健產業資料量和複雜性的快速成長激發了廣泛的研究和探索,以開發專為穿戴式醫療設備量身定做的可行的人工智慧解決方案。這些前沿的進步旨在透過利用人工智慧的力量來增強遠端監控和患者護理,從而徹底改變醫療保健。隨著行動平台的日益普及以及人們對在家中舒適的遠端監控的日益青睞,對人工智慧驅動的穿戴式醫療設備的需求正在激增。這種需求的激增,加上人工智慧領域的不斷技術進步,為整個預測期內穿戴式醫療設備市場的指數成長提供了利潤豐厚的機會。隨著產業不斷發展和創新,這些智慧型設備有望改變醫療保健服務、改善患者治療效果並徹底改變我們的醫療方式。

產品創新

這些技術在醫療設備中的引入和整合顯著提高了其生命識別和健康監測的效率。這些創新進步為主動健康管理、早期疾病診斷和預防帶來了巨大希望,最終改善患者的治療結果。因此,在預測期內,不斷成長的產品創新浪潮為穿戴式醫療設備市場的市場參與者提供了利潤豐厚的機會。此外,越來越多的醫院現在採用數位手術器械監控系統,例如基於RFID的解決方案,以最佳化手術工具的控制和管理。透過加快手術過程並確保適當設備的可用性,這些技術有可能提高病患安全和醫院運作效率。

細分市場洞察

類型洞察

根據類型,市場分為診斷設備和治療設備。診斷設備細分市場主導市場,並在 2022 年佔據最大收入佔有率。在診斷設備中,神經監測細分市場同年規模最大。神經系統疾病的日益普及是推動該細分市場成長的關鍵因素。

由於治療設備的湧入不斷增加,預計治療設備領域在整個預測期內將經歷最快的年複合成長率。此外,包括智慧氣喘管理產品、穿戴式止痛設備和胰島素管理設備在內的強大治療設備管道預計將支持市場成長。

網站洞察

根據站點細分,市場分為錶帶/夾子/手鍊、手持設備、頭帶、鞋子感應器等。錶帶/夾子/手環細分市場已成為穿戴式醫療設備市場的主導力量,在 2022 年佔據最大的收入佔有率,並預計在整個預測期內保持其主導地位。智慧手錶等先進產品能夠監測各種參數,包括行動性、呼吸頻率和脈搏率,利用藍牙和雲端連接來推動細分市場的成長。

腕戴式產品的重大進展(例如 2014 年 3 月推出的 Vital Connect 健康貼片)徹底改變了心率、皮膚溫度和步數等多個參數的監測。此外,三星和蘋果等行業巨頭推出了與穿戴式醫療儀器無縫整合的行動應用程式,以實現資料記錄和數位顯示。這些方便用戶使用的應用程式引起了人們對日常健康監測的關注和興趣,從而推動了市場的成長。

區域洞察

由於該地區糖尿病、心血管疾病和癌症盛行率不斷上升,北美在 2022 年佔據了市場主導地位。完善的醫療基礎設施的存在以及對慢性病進行常規和持續監測的需求進一步促進了市場的成長。由於癌症、糖尿病和心血管疾病患病率上升以及現代醫療設施的可用性的推動,穿戴式醫療設備市場預計將在整個預測期內擴大。

相較之下,在政府有利措施、老年人口不斷成長和醫療保健支出增加的支持下,亞太地區經歷了指數級成長。該地區也為建築和醫療保健方面的基礎設施發展提供了重大機遇,旨在加強醫學研究和服務。在有利的政府活動、老年人口增加和醫療保健支出增加的推動下,亞太地區的穿戴式醫療設備市場正在擴張。

目錄

第 1 章:產品概述

  • 市場定義
  • 市場範圍
    • 涵蓋的市場
    • 研究年份
    • 主要市場區隔

第 2 章:研究方法

  • 研究目的
  • 基線方法
  • 主要產業夥伴
  • 主要協會和二手資料來源
  • 預測方法
  • 數據三角測量與驗證
  • 假設和限制

第 3 章:執行摘要

  • 市場概況
  • 主要市場細分概述
  • 主要市場參與者概述
  • 重點地區/國家概況
  • 市場促進因素、挑戰、趨勢概述

第 4 章:客戶之聲

第 5 章:全球穿戴式醫療設備市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 按產品類型(活動監視器/追蹤器、智慧手錶、貼片、智慧服裝)
    • 按類型(診斷設備和治療設備)
    • 依目的(心率、體力活動、血氧飽和度、血壓、助聽器、體溫、姿勢、其他)
    • 按地點(錶帶/夾子/手鍊、手持式、頭帶、鞋子感應器、其他)
    • 按應用(一般健康與健身、遠距患者監護、家庭醫療保健)
    • 按配銷通路(非商店和商店)
    • 按業務領域(B2C 和 B2B)
    • 按地區
    • 按公司分類 (2022)
  • 市場地圖

第 6 章:北美穿戴式醫療設備市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依產品類型
    • 按類型
    • 依目的
    • 按站點
    • 按配銷通路
    • 按業務板塊
    • 按國家/地區
  • 北美:國家分析
    • 美國
    • 加拿大
    • 墨西哥

第 7 章:歐洲穿戴式醫療設備市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依產品類型
    • 按類型
    • 依目的
    • 按站點
    • 按配銷通路
    • 按業務板塊
    • 按國家/地區
  • 歐洲:國家分析
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙

第 8 章:亞太地區穿戴式醫療設備市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依產品類型
    • 按類型
    • 依目的
    • 按站點
    • 按配銷通路
    • 按業務板塊
    • 按國家/地區
  • 亞太地區:國家分析
    • 中國
    • 印度
    • 日本
    • 韓國
    • 澳洲

第 9 章:南美洲穿戴醫療設備市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依產品類型
    • 按類型
    • 依目的
    • 按站點
    • 按配銷通路
    • 按業務板塊
    • 按國家/地區
  • 南美洲:國家分析
    • 巴西
    • 阿根廷
    • 哥倫比亞

第 10 章:中東和非洲穿戴式醫療設備市場展望

  • 市場規模及預測
    • 按價值
  • 市佔率及預測
    • 依產品類型
    • 按類型
    • 依目的
    • 按站點
    • 按配銷通路
    • 按業務板塊
    • 按國家/地區
  • MEA:國家分析
    • 南非穿戴式醫療設備
    • 沙烏地阿拉伯穿戴醫療設備
    • 阿拉伯聯合大公國穿戴式醫療設備

第 11 章:市場動態

  • 促進要素
  • 挑戰

第 12 章:市場趨勢與發展

  • 近期發展
  • 併購
  • 產品發布

第 13 章:全球穿戴式醫療設備市場:SWOT 分析

第 14 章:波特的五力分析

  • 產業競爭
  • 新進入者的潛力
  • 供應商的力量
  • 客戶的力量
  • 替代產品的威脅

第15章:競爭格局

  • 商業概覽
  • 服務內容
  • 最近的發展
  • 主要人員
  • SWOT分析
    • Medtronic plc
    • Siemens AG
    • Bayer AG
    • Omron Corporation
    • Withings SAS
    • Fitbit Inc.
    • Intelesens Ltd
    • BioBeat Medical Ltd
    • Koninklinje Philips NV
    • Samsung Electronics Co. Ltd

第 16 章:策略建議

第 17 章:關於我們與免責聲明

簡介目錄
Product Code: 4857

The Global Wearable Medical Devices Market has achieved a valuation of USD 24.64 Billion in 2022 and is poised for remarkable growth, with an anticipated Compound Annual Growth Rate (CAGR) of 15.63% through 2028. Wearable medical devices encompass a diverse array of healthcare technologies that individuals can comfortably wear to monitor and track various aspects of their health. These devices are designed for non-invasive and user-friendly use, incorporating sensors, connectivity features, and data analysis capabilities to collect and analyze pertinent health information. They offer real-time monitoring and feedback, empowering individuals, caregivers, and healthcare professionals to make informed decisions regarding health and well-being. Common categories of wearable devices encompass fitness trackers, smartwatches, heart rate monitors, glucose monitors, and blood pressure monitors.

Wearable devices not only transmit health data but also provide mental health care by monitoring cognition and mood in real-time, facilitating personalized interventions. The growing popularity of wearable devices can be attributed to these and other similar applications. Wearable medical devices serve as practical and convenient technological tools, further enhanced by internet connectivity for seamless data transmission. These devices are endorsed by various healthcare organizations for the management of chronic diseases, which have been on the rise, contributing to increased mortality rates. Healthcare professionals can remotely and continuously monitor patients, delivering personalized care.

The primary advantage of wearable medical devices lies in their integration of smart sensors, enabling the measurement and monitoring of crucial physiological parameters such as heart rate, blood pressure, and body temperature. Among various medical Internet of Things (IoT) devices like hearables or ingestibles, wearable medical technology has emerged as the most popular choice.

Market Overview
Forecast Period2024-2028
Market Size 2022USD 24.64 Billion
Market Size 2028USD 59.34 Billion
CAGR 2023-202815.63%
Fastest Growing SegmentDiagnostic Devices
Largest MarketNorth America

Key Market Drivers

Increasing Prevalence of Chronic Diseases

Chronic diseases, also referred to as non-communicable diseases, are disorders or conditions that are typically not caused by infections but rather by unhealthy habits or behaviors. They can lead to long-term health issues, necessitating extensive treatment. Examples of diseases falling under this category include cardiovascular diseases, diabetes, chronic lung ailments, and various forms of cancer. According to the World Health Organization (WHO), chronic diseases account for nearly 74% of global deaths, with risk factors such as tobacco use, unhealthy diets, physical inactivity, and excessive alcohol consumption contributing to their growth.

Wearable medical devices offer significant benefits to patients with chronic diseases by facilitating diagnosis, monitoring, and disease intensity control. These devices collect substantial amounts of data over time, enabling individuals and healthcare professionals to analyze trends and patterns. This valuable information provides insights into treatment effectiveness, triggers for symptom exacerbation, and the impact of lifestyle modifications. By comprehending these patterns, individuals can make well-informed decisions regarding their health management strategies. There has been a recent push by consumer wearable device companies to develop devices for comprehensive health monitoring. For example, Apple, Inc. (U.S.) has developed the Apple Watch Series 8, equipped with sensors that can detect abnormal heart rhythms and identify Atrial Fibrillation (AFib). With a 99.6% accuracy in sinus rhythm classification and precise identification of AFib, this watch has received clearance from the U.S. FDA.

Other watches and smart devices are also available to monitor patient vitals and track their health remotely, offering time and cost savings. Continuous glucose monitoring patches, blood pressure monitoring devices, and smart clothing are among the various wearable medical devices available. These factors, combined with healthcare providers' promotion of wearable medical devices, are expected to drive their increased usage and contribute to market growth.

Increasing Use of Remote Patient Monitoring and Telehealth Services

Telehealth encompasses healthcare services provided remotely or from locations outside of hospitals, utilizing telecommunication technologies. Remote patient monitoring, a component of telehealth, employs technologies to interact with patients from a distance. These services and technologies have experienced increased utilization since the onset of the COVID-19 pandemic. Given the considerable number of patients with chronic diseases, the adoption of wearable medical devices is expected to rise even further. Wearable medical devices facilitate remote monitoring of individuals with chronic conditions, enabling healthcare providers to access real-time patient data. This facilitates early detection of health issues, timely interventions, and remote consultations. Such capabilities are particularly valuable for individuals with limited mobility or those requiring frequent monitoring, as it minimizes the need for unnecessary hospital visits.

GluCare.Health (UAE), a diabetes center and digital therapeutics company, leverages continuous glucose monitoring systems like Fitbit and connected weighing scales to measure and collect patient data. They have appointed healthcare professionals to remotely connect with patients as needed. Additionally, a dedicated care team monitors patients' health data, including glucose levels, heart rate, and sleep patterns, while managing their medications.

Increasing Demand for Health Data Tracking

There has been a growing interest among individuals in recording and tracking information regarding their health habits. The personal informatics movement gained popularity with the introduction of mobile applications that facilitated the tracking of daily activities such as distance covered and calorie intake. This practice is also referred to as data journaling, life tracking, or health quantification. As more companies develop wearable devices equipped with accelerometers and sensors to automatically capture data, users are relieved of the burden of manually inputting information. Additionally, wearable devices that monitor blood oxygen levels, respiration rate, heart rate, heat flux, galvanic skin response, and skin temperature are being introduced by various companies. Consequently, the interest in health data tracking has surged.

Consumers now have the means to manage their health using wearable devices, smartphone applications, and other connected devices. However, achieving goals related to sleep improvement, calorie counting, weight loss, and fitness is not an easy task. Nevertheless, such convenient and immediate access to health information is reshaping consumer attitudes and expectations in the field of healthcare.

The focus is now on developing products that enable the automatic tracking of physiological signals, which can be realized through advancements in sensor technology. Nanoscale stress sensors, implantable sensing chips, optical biosensors, electronic biosensors, and other technologies are currently being developed to enable the seamless capture of various physiological functions. Ultimately, data capture will extend to devices and sensors embedded within our environment, rendering wearable devices obsolete. For instance, high-speed video can be used to visualize blood flow in a person's face, which can then be translated into pulse rate. In the short term, wearable devices will be designed in forms that resemble jewelry or adhesive patches, incorporating flexible electronics. The tracking of individual health data will be further enhanced by intelligent advisory and coaching software that can be customized to interpret data, provide alerts, and offer explanations and suggestions. These systems and devices will prove instrumental in optimizing athletic and physical performance. For instance, electronic biosensors can detect the level of lactic acid in sweat, enabling athletes to improve their training and enhance anaerobic metabolism efficiency.

Rising Demand for Round-The-Clock Monitoring

Due to sedentary lifestyles, the prevalence of diseases such as hypertension and diabetes is projected to rise in the forecast period. These diseases necessitate continuous monitoring of physiological parameters like blood pressure and blood sugar levels. This underscores the need for integrating healthcare data with portable devices, enabling real-time access for physicians, reducing errors, and driving industry demand. Additionally, the escalating mortality rates associated with the growing incidence of noncommunicable diseases are a significant concern, further fueling the demand for remote monitoring devices. These factors are expected to drive the market for wearable medical devices.

The increasing prevalence of chronic diseases and rising mortality rates are significant concerns for individuals and government organizations alike. Consequently, healthcare providers are placing greater emphasis on personalized care, including continuous patient monitoring. Wearable medical devices offer 24/7 monitoring capabilities, as many can be worn around the clock. As a result, the demand for wearable devices is expected to surge in the forecast period.

Moreover, technological advancements and appealing product features such as smartphone connectivity are driving the adoption of medical wearables. These devices are being developed to address various health issues, including pain management, heart arrhythmia, asthma, and COPD. For instance, individuals with potentially life-threatening heart conditions can use wearable electrocardiograph (ECG) devices to monitor heart rate and detect arrhythmias. These devices can record events such as shortness of breath, chest pains, and other concerning symptoms. Once recorded, the device measures vital parameters such as skin temperature, blood oxygen level, and heart rate. Another example includes wearable devices for pain management, often utilized in the medical industry to administer pain medication or provide transcutaneous electrical nerve stimulation.

Key Market Challenges

Lack of Awareness in Developing Countries

The lack of understanding among the populace in underdeveloped or developing regions could be a significant concern for the global wearable medical devices market in the coming years. In these locations, where access to education and healthcare resources may be limited, the adoption and acceptance of wearable medical devices may face obstacles. Moreover, the limited availability and affordability of smart phones and other advanced technologies further add to the challenges in expanding the wearable medical devices market in these regions. Overcoming these barriers will require innovative solutions and collaborations to ensure that the benefits of wearable medical devices reach all individuals, irrespective of their geographical location or socioeconomic status.

Non-Availability of Reimbursement

The lack of reimbursement facilities, combined with the rising cost of medical diagnosis and therapies, has a significant impact on the adoption of healthcare services. It hinders the reduction of healthcare expenditure by impeding the early detection of diseases and timely intervention. Wearable medical devices, such as fitness trackers, smartwatches, wristbands, and headgear, which are utilized for activity tracking, routine monitoring, and vital parameter data collection, currently do not receive reimbursement. Consequently, these devices are primarily accessible to individuals with higher disposable income, thereby limiting their overall growth potential.

Certain products, such as sensors/chips like insulin pumps, are embedded into a patient's body and administer drug dosages at fixed intervals for the management of chronic conditions. These products are eligible for reimbursement by agencies in the U.S. and Europe. However, obtaining reimbursement requires extensive documentation and the support of scientific data.

Key Market Trends

Technological Advancements in The Field Of Artificial Intelligence

The rapid growth in the volume and complexity of data within the healthcare industry has spurred extensive research and exploration into developing feasible artificial intelligence solutions specifically tailored for wearable medical devices. These cutting-edge advancements aim to revolutionize healthcare by harnessing the power of AI to enhance remote monitoring and patient care. With the increasing popularity of mobile platforms and a growing preference for remote monitoring in the comfort of one's home, the demand for AI-powered wearable medical devices is skyrocketing. This surge in demand, coupled with the continuous technological advancements in the field of artificial intelligence, presents lucrative opportunities for the exponential growth of the wearable medical devices market throughout the forecast period. As the industry continues to evolve and innovate, these intelligent devices are poised to transform healthcare delivery, improving patient outcomes and revolutionizing the way we approach medical treatments.

Product innovations

The introduction and integration of these technologies in medical devices have significantly enhanced their efficiency in vital identification and health monitoring. These innovative advancements hold great promise in proactive health management, early disease diagnosis, and prevention, ultimately leading to improved patient outcomes. As a result, the growing wave of product innovations presents lucrative opportunities for market players in the wearable medical devices market during the forecast period. Furthermore, an increasing number of hospitals are now adopting digital surgical instrument monitoring systems, such as RFID-based solutions, to optimize the control and management of surgical tools. By expediting surgical procedures and ensuring the availability of appropriate equipment, these technologies have the potential to enhance both patient safety and hospital operational efficiency.

Segmental Insights

Type Insights

Based on the type, the market is segmented into diagnostic devices and therapeutic devices. The diagnostic devices segment dominated the market and accounted for the largest share of revenue in 2022. Among diagnostic devices, the neuromonitoring segment was the largest in the same year. The growing prevalence of neurological disorders is a key factor driving the growth of this segment.

The therapeutic device segment is expected to experience the fastest CAGR throughout the forecast period due to the increasing influx of therapeutic devices. Additionally, a robust pipeline of therapeutic devices, including intelligent asthma management products, wearable pain reliever devices, and insulin management devices, is expected to support market growth.

Site Insights

Based on the site segment, the market is segmented into strap/clip/bracelet, handheld, headband, shoe sensors, and others. The strap/clip/bracelet segment has emerged as the dominant force in the wearable medical devices market, securing the largest revenue share in 2022 and projected to maintain its dominance throughout the forecast period. Advanced products like smartwatches offer the ability to monitor various parameters including mobility, respiratory rate, and pulse rate, leveraging Bluetooth and cloud connectivity to drive segment growth.

Significant advancements in wrist-worn products, exemplified by Vital Connect's Health patch introduced in March 2014, have revolutionized the monitoring of multiple parameters such as heart rate, skin temperature, and step count. Moreover, industry giants like Samsung and Apple have introduced mobile apps that seamlessly integrate with wearable medical instruments, enabling data recording and digital display. These user-friendly apps have garnered attention and interest in routine health monitoring, consequently fueling market growth.

Regional Insights

North America dominated the market in 2022 due to the increasing prevalence of diabetes, cardiovascular disorders, and cancer in the region. The presence of a well-established healthcare infrastructure and the need for routine and continuous monitoring of chronic diseases further contribute to the market growth. The wearable medical devices market is expected to expand throughout the forecast period, driven by the rising prevalence of cancer, diabetes, and cardiovascular diseases, as well as the availability of modern healthcare facilities.

In contrast, the Asia Pacific region experiences exponential growth, supported by favorable government initiatives, a growing elderly population, and increased healthcare expenditure. The region also presents significant opportunities for infrastructure development in construction and healthcare, aiming to enhance medical research and services. The wearable medical devices market is witnessing expansion in the Asia-Pacific region, driven by favorable government activities, an increasing senior population, and rising healthcare expenditures.

Key Market Players

  • Medtronic plc
  • Siemens AG
  • Bayer AG
  • Omron Corporation
  • Withings SAS
  • Fitbit Inc.
  • Intelesens Ltd
  • BioBeat Medical Ltd
  • Koninklinje Philips NV
  • Samsung Electronics Co. Ltd

Report Scope:

In this report, the Global Wearable Medical Devices Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Wearable Medical Devices Market, By Product Type:

  • Activity Monitors/Trackers
  • Smartwatches
  • Patches
  • Smart Clothing

Wearable Medical Devices Market, By Type:

  • Diagnostic Devices
  • Therapeutic Devices

Wearable Medical Devices Market, By Purpose:

  • Heart rate
  • Physical Activities
  • Blood oxygen saturation
  • Blood Pressure
  • Hearing Aids
  • Body Temperature
  • Posture
  • Others

Wearable Medical Devices Market, By Site:

  • Strap/Clip/Bracelet
  • Handheld
  • Headband
  • Shoe Sensors
  • Others

Wearable Medical Devices Market, By Application:

  • General Health & Fitness
  • Remote Patient Monitoring
  • Home Healthcare

Wearable Medical Devices Market, By Distribution Channel:

  • Non-Store-Based
  • Store-Based

Wearable Medical Devices Market, By Business Segment:

  • B2C
  • B2B

Wearable Medical Devices Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Turkey
  • Egypt

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Wearable Medical Devices Market.

Available Customizations:

  • Global Wearable Medical Devices market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
    • 1.2.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validations
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Overview of the Market
  • 3.2. Overview of Key Market Segmentations
  • 3.3. Overview of Key Market Players
  • 3.4. Overview of Key Regions/Countries
  • 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Wearable Medical Devices Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Product Type (Activity Monitors/Trackers, Smartwatches, Patches, Smart Clothing)
    • 5.2.2. By Type (Diagnostic Devices and Therapeutic Devices)
    • 5.2.3. By Purpose (Heart rate, Physical Activities, Blood oxygen saturation, Blood Pressure, Hearing Aids, Body Temperature, Posture, Others)
    • 5.2.4. By Site (Strap/Clip/Bracelet, Handheld, Headband, Shoe Sensors, Others)
    • 5.2.5. By Application (General Health & Fitness, Remote Patient Monitoring, Home Healthcare)
    • 5.2.6. By Distribution Channel (Non-Store-Based and Store-Based)
    • 5.2.7. By Business Segment (B2C and B2B)
    • 5.2.8. By Region
    • 5.2.9. By Company (2022)
  • 5.3. Market Map

6. North America Wearable Medical Devices Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Product Type
    • 6.2.2. By Type
    • 6.2.3. By Purpose
    • 6.2.4. By Site
    • 6.2.5. By Distribution Channel
    • 6.2.6. By Business Segment
    • 6.2.7. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Wearable Medical Devices Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Product Type
        • 6.3.1.2.2. By Type
        • 6.3.1.2.3. By Purpose
        • 6.3.1.2.4. By Site
        • 6.3.1.2.5. By Distribution Channel
        • 6.3.1.2.6. By Business Segment
    • 6.3.2. Canada Wearable Medical Devices Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Product Type
        • 6.3.2.2.2. By Type
        • 6.3.2.2.3. By Purpose
        • 6.3.2.2.4. By Site
        • 6.3.2.2.5. By Distribution Channel
        • 6.3.2.2.6. By Business Segment
    • 6.3.3. Mexico Wearable Medical Devices Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Product Type
        • 6.3.3.2.2. By Type
        • 6.3.3.2.3. By Purpose
        • 6.3.3.2.4. By Site
        • 6.3.3.2.5. By Distribution Channel
        • 6.3.3.2.6. By Business Segment

7. Europe Wearable Medical Devices Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Product Type
    • 7.2.2. By Type
    • 7.2.3. By Purpose
    • 7.2.4. By Site
    • 7.2.5. By Distribution Channel
    • 7.2.6. By Business Segment
    • 7.2.7. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Wearable Medical Devices Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Product Type
        • 7.3.1.2.2. By Type
        • 7.3.1.2.3. By Purpose
        • 7.3.1.2.4. By Site
        • 7.3.1.2.5. By Distribution Channel
        • 7.3.1.2.6. By Business Segment
    • 7.3.2. United Kingdom Wearable Medical Devices Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Product Type
        • 7.3.2.2.2. By Type
        • 7.3.2.2.3. By Purpose
        • 7.3.2.2.4. By Site
        • 7.3.2.2.5. By Distribution Channel
        • 7.3.2.2.6. By Business Segment
    • 7.3.3. Italy Wearable Medical Devices Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecasty
        • 7.3.3.2.1. By Product Type
        • 7.3.3.2.2. By Type
        • 7.3.3.2.3. By Purpose
        • 7.3.3.2.4. By Site
        • 7.3.3.2.5. By Distribution Channel
        • 7.3.3.2.6. By Business Segment
    • 7.3.4. France Wearable Medical Devices Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Product Type
        • 7.3.4.2.2. By Type
        • 7.3.4.2.3. By Purpose
        • 7.3.4.2.4. By Site
        • 7.3.4.2.5. By Distribution Channel
        • 7.3.4.2.6. By Business Segment
    • 7.3.5. Spain Wearable Medical Devices Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Product Type
        • 7.3.5.2.2. By Type
        • 7.3.5.2.3. By Purpose
        • 7.3.5.2.4. By Site
        • 7.3.5.2.5. By Distribution Channel
        • 7.3.5.2.6. By Business Segment

8. Asia-Pacific Wearable Medical Devices Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Product Type
    • 8.2.2. By Type
    • 8.2.3. By Purpose
    • 8.2.4. By Site
    • 8.2.5. By Distribution Channel
    • 8.2.6. By Business Segment
    • 8.2.7. By Country
  • 8.3. Asia-Pacific: Country Analysis
    • 8.3.1. China Wearable Medical Devices Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Product Type
        • 8.3.1.2.2. By Type
        • 8.3.1.2.3. By Purpose
        • 8.3.1.2.4. By Site
        • 8.3.1.2.5. By Distribution Channel
        • 8.3.1.2.6. By Business Segment
    • 8.3.2. India Wearable Medical Devices Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Product Type
        • 8.3.2.2.2. By Type
        • 8.3.2.2.3. By Purpose
        • 8.3.2.2.4. By Site
        • 8.3.2.2.5. By Distribution Channel
        • 8.3.2.2.6. By Business Segment
    • 8.3.3. Japan Wearable Medical Devices Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Product Type
        • 8.3.3.2.2. By Type
        • 8.3.3.2.3. By Purpose
        • 8.3.3.2.4. By Site
        • 8.3.3.2.5. By Distribution Channel
        • 8.3.3.2.6. By Business Segment
    • 8.3.4. South Korea Wearable Medical Devices Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Product Type
        • 8.3.4.2.2. By Type
        • 8.3.4.2.3. By Purpose
        • 8.3.4.2.4. By Site
        • 8.3.4.2.5. By Distribution Channel
        • 8.3.4.2.6. By Business Segment
    • 8.3.5. Australia Wearable Medical Devices Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Product Type
        • 8.3.5.2.2. By Type
        • 8.3.5.2.3. By Purpose
        • 8.3.5.2.4. By Site
        • 8.3.5.2.5. By Distribution Channel
        • 8.3.5.2.6. By Business Segment

9. South America Wearable Medical Devices Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Product Type
    • 9.2.2. By Type
    • 9.2.3. By Purpose
    • 9.2.4. By Site
    • 9.2.5. By Distribution Channel
    • 9.2.6. By Business Segment
    • 9.2.7. By Country
  • 9.3. South America: Country Analysis
    • 9.3.1. Brazil Wearable Medical Devices Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Product Type
        • 9.3.1.2.2. By Type
        • 9.3.1.2.3. By Purpose
        • 9.3.1.2.4. By Site
        • 9.3.1.2.5. By Distribution Channel
        • 9.3.1.2.6. By Business Segment
    • 9.3.2. Argentina Wearable Medical Devices Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Product Type
        • 9.3.2.2.2. By Type
        • 9.3.2.2.3. By Purpose
        • 9.3.2.2.4. By Site
        • 9.3.2.2.5. By Distribution Channel
        • 9.3.2.2.6. By Business Segment
    • 9.3.3. Colombia Wearable Medical Devices Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Product Type
        • 9.3.3.2.2. By Type
        • 9.3.3.2.3. By Purpose
        • 9.3.3.2.4. By Site
        • 9.3.3.2.5. By Distribution Channel
        • 9.3.3.2.6. By Business Segment

10. Middle East and Africa Wearable Medical Devices Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Product Type
    • 10.2.2. By Type
    • 10.2.3. By Purpose
    • 10.2.4. By Site
    • 10.2.5. By Distribution Channel
    • 10.2.6. By Business Segment
    • 10.2.7. By Country
  • 10.3. MEA: Country Analysis
    • 10.3.1. South Africa Wearable Medical Devices Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Product Type
        • 10.3.1.2.2. By Type
        • 10.3.1.2.3. By Purpose
        • 10.3.1.2.4. By Site
        • 10.3.1.2.5. By Distribution Channel
        • 10.3.1.2.6. By Business Segment
    • 10.3.2. Saudi Arabia Wearable Medical Devices Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Product Type
        • 10.3.2.2.2. By Type
        • 10.3.2.2.3. By Purpose
        • 10.3.2.2.4. By Site
        • 10.3.2.2.5. By Distribution Channel
        • 10.3.2.2.6. By Business Segment
    • 10.3.3. UAE Wearable Medical Devices Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Product Type
        • 10.3.3.2.2. By Type
        • 10.3.3.2.3. By Purpose
        • 10.3.3.2.4. By Site
        • 10.3.3.2.5. By Distribution Channel
        • 10.3.3.2.6. By Business Segment

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Market Trends & Developments

  • 12.1. Recent Development
  • 12.2. Mergers & Acquisitions
  • 12.3. Product Launches

13. Global Wearable Medical Devices Market: SWOT Analysis

14. Porter's Five Forces Analysis

  • 14.1. Competition in the Industry
  • 14.2. Potential of New Entrants
  • 14.3. Power of Suppliers
  • 14.4. Power of Customers
  • 14.5. Threat of Substitute Products

15. Competitive Landscape

  • 15.1. Business Overview
  • 15.2. Service Offerings
  • 15.3. Recent Developments
  • 15.4. Key Personnel
  • 15.5. SWOT Analysis
    • 15.5.1. Medtronic plc
    • 15.5.2. Siemens AG
    • 15.5.3. Bayer AG
    • 15.5.4. Omron Corporation
    • 15.5.5. Withings SAS
    • 15.5.6. Fitbit Inc.
    • 15.5.7. Intelesens Ltd
    • 15.5.8. BioBeat Medical Ltd
    • 15.5.9. Koninklinje Philips NV
    • 15.5.10. Samsung Electronics Co. Ltd

16. Strategic Recommendations

17. About Us & Disclaimer