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Where is the largest and fastest growing market for wearable medical devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wearable medical devices global market report from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, porter's five force model, pestle analysis, segmentation, regional and country breakdowns, competitive landscape, market shares, customer information, key mergers and acqisitions, trends and strategies for this market. It traces the markets historic and forecast market growth by geography.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints cover the external factors supporting and controlling the growth of the market.
Porter's five forces model covers the threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers and industry competition for the wearable medical devices market.
PESTEL Analysis covers the political, economic, social, technological, legal and environmental factors affecting the wearable medical devices market.
Market segmentation breaks down the market into sub markets, including site remediation consulting services, water and waste management consulting services, environment management, compliance and due diligence. The historic and forecast growth rates for these segments are also covered in this report. Base year market segmentation is done for the end-user industries.
The regional and country breakdown section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets.
The competitive landscape section gives a description of the competitive nature of the market, market shares, and a description of the leading companies in terms of their offerings, growth strategy and financial performance.
The customer information and operational insights section covers major surveys conducted on the global wearable medical devices market and their implications.
The report also covers key mergers and acquisitions in the wearable medical devices market. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
Markets covered: 1) By Application Type: Consumer Wearables, Non-Consumer Wearables; 2) Consumer Wearables, By Application: Fitness And Sport, General Consumer, Gaming, Home Automation, Fashion And Apparel; 3) Non-Consumer Wearables, By Industry: Healthcare, Defense, Industrial And Enterprise; 4) By Product Category: Sports/Activity Trackers, Healthcare, Smart Watches, Smart Glasses, Wearable 3D Motion Trackers, Smart Clothing; 5) By Type Of Device: Diagnostic Devices, Therapeutic Devices; 6) By Site Of Application: Handheld, Headband, Strap, Shoe Sensors, Others.
Companies mentioned: Koninklijke Philips N.V., Omron Corporation, Zephyr Technology Corporation (a part of Medtronic), Fitbit Inc., Johnson and Johnson, Boston Scientific Corporation, LifeWatch AG
Regions: Americas, Asia-Pacific, Europe, Middle East And Africa (EMEA).
Time series: Four years historic and five years forecast.
Data segmentations: Regional and historic and forecast data, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Wearable medical devices are small electronic products, often consisting of one or more sensors, and having computational capability. They are embedded into items that are attach to the body parts, such as head, feet, arms, wrists and waist. They can resemble a watch, eyeglasses, some clothing, contact lenses, shoes or even jewellery.
Wearable medical devices can be generally divided based on consumer or non-consumer applications. These two categories can be further segmented based on the particular sector the product targets.
The global wearable medical devices market grew from $3.1 billion in 2014 to $5.2 billion in 2017 at a compound annual growth rate (CAGR) of 13.80%. It is expected to grow from $5.2 billion in 2017 to $13.5 billion in 2022 at a CAGR of 17.23%. The growth will result from an increasing demand for smart watches, growing demand for wearable monitors and increasing use of wearable devices for cardiovascular disease management.
By type of device, consumer wearables segment was the largest accounting for 63% of the market. The segment's share is expected to grow to 74% in 2018. The consumer wearable market segment includes general consumer, fitness and sports, fashion and apparel, home automation and remote identi?cation, and gaming and recreation.
The wearable medical devices market in Americas was the largest in the world. In 2017, it accounted for about 48% of the global wearable medical devices market. The principle factors behind such dominance of Americas region is presence of large number of key players, favourable government policies and awareness among the population about health monitoring devices.
Based on type of product, the market was dominated by diagnostic devices with more than 60% share during the forecast period, due to rising incidence of chronic diseases as well as increasing demand for health monitoring devices. In addition, increasing awareness among the population about diagnostic wearable medical devices, higher healthcare spending, and supportive government programs promoting the regular screening of individuals are also contributing to the growth of this market.
1.1. Global Wearable Medical Devices Market Segmentation, 2016 and 2022
1.2. Global Wearable Medical Devices Market, Split By Geography, 2015 and 2022
2. Reports Scope
3. Market Characteristics
4. Global Wearable Medical Devices Market Size And Growth
4.1. Drivers, Restraints and Opportunities
5. Porters Five Forces Analysis
5.1. Threat Of Substitutes
5.2. Bargaining Power Of Suppliers
5.3. Threat Of New Entrants
5.4. Bargaining Power Of Buyers
6. Global Wearable Devices Market Segmentation
6.1. Global Wearable Devices Market, Consumer Segment
6.2. Global Wearable Devices Market, Non-Consumer Segment
6.3. Global Wearable Devices Market, By Product Category
7. Global Wearable Medical Devices Market, By Type Of Device
7.1. Global Wearable Medical Devices Market, Therapeutic Devices
7.2. Global Wearable Medical Devices Market, Diagnostic Devices
7.3. Global Wearable Medical Devices Market, By Site Of Application
8. Global Wearable Medical Devices Market Regional And Country Analysis
8.1.1. Americas Wearable Medical Devices Market Segmentation, By Type Of Device
8.1.2. Americas Wearable Medical Devices Market Segmentation, By Site Of Application
8.2.1. Asia-Pacific Wearable Medical Devices Market Segmentation, By Type Of Device
8.2.2. Asia-Pacific Wearable Medical Devices Market Segmentation, By Site Of Application
8.3. EMEA (Europe, Middle East and Africa)
8.3.1. EMEA Wearable Medical Devices Market Segmentation, By Type Of Device
8.3.2. EMEA Wearable Medical Devices Market Segmentation, By Site Of Application
9. Industry Overview
9.1. History Of Wearable Medical Devices
9.2. Market Indicators
9.3. Wearable Technology Facts
9.4. Recent Technology Developments
10. Mergers And Acquisitions
11. Competitive Analysis
11.1. Company Profiles
11.2. Koninklijke Philips N.V.
11.2.1. Company Overview
11.2.2. Products And Services
11.2.3. Financial Analysis (Reported Currency EUR)
11.2.4. Business Strategy
11.2.5. SWOT Analysis
11.2.7. Key Executives
11.3. Omron Corporation
11.3.1. Company Overview
11.3.2. Products And Services
11.3.3. Financial Analysis (Reported Currency JPY)
11.3.4. Business Strategy
11.3.5. SWOT Analysis
11.3.7. Key Executives
11.4. Zephyr Technology Corporation (a part of Medtronic)
11.4.1. Company Overview
11.4.2. Products And Services
11.4.3. Key Executives
11.5. Fitbit Inc.
11.5.1. Company Overview
11.5.2. Products And Services
11.5.3. Financial Analysis (Reported Currency $)
11.5.4. Key Executives
11.6. Johnson and Johnson
11.6.1. Company Overview
11.6.2. Products And Services
11.6.3. Financial Analysis (Reported Currency $)
11.6.4. Business Strategy
11.6.5. SWOT Analysis
11.6.7. Key Executives
11.7. Boston Scientific Corporation
11.7.1. Company Overview
11.7.2. Products And Services
11.7.3. Financial Analysis (Reported Currency $)
11.7.4. Business Strategy
11.7.5. SWOT Analysis
11.7.7. Key Executives
11.8. LifeWatch AG
11.8.1. Company Overview
11.8.2. Products And Services
11.8.3. Financial Analysis (Reported Currency CHF)
11.8.4. Business Strategy
11.8.5. SWOT Analysis
11.8.7. Key Executives
12.1. Research Methodology
12.2. Market Data Sources
12.3. Glossary Of Terms
12.5. Research Inquiries
13. The Business Research Company
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.