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 individuals 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.
The miniaturization of diagnostic wearables is one of the emerging trends spurring the growth prospects of this market during the predicted period. There has been an increasing focus on the development of smaller, more reliable, and more energy-efficient devices compared to the previous generations of wearables. For instance, a new ingestible tablet embedded with a sensor the size of a grain of salt was developed recently. This sensor is coupled with a wearable transmitter to monitor the physiological conditions and the intake of medications. Moreover, the miniaturization of wearable health devices is anticipated to have a positive impact on the rapidly growing IoT market. The advances in the IoT technology will enable future health systems to use wearables to establish connections and come up with standard solutions for diverse medical conditions.
The global diagnostic wearable medical devices market is anticipated to grow substantially during the forecast period and is characterized by the presence of several well-established global and regional players. However, as the global vendors are increasing their presence, the local vendors are finding it increasingly difficult to stay ahead in the competition. Players in the market are constantly looking for ways to enhance their market presence by focusing on the implementation of various new models and M&A.
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– List of Tables & Figures
– Research Methodology
In terms of geography, the Americas led the global diagnostic wearable medical devices market and is expected to reach close to USD 2 billion by 2020.
Factors such as the emergence of new and technologically advanced wearable health devices such as smartwatches, glasses, smart clothes, and wristbands will aid in this market segments growth over the next four years. Moreover, the increasing awareness of chronic diseases that require continuous monitoring such as diabetes, CVDs, and obesity will drive this sector’s growth until the end of 2020.
The global Diagnostic Wearable Medical Devices market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Diagnostic Wearable Medical Devices market based on company, product type, end user and key regions.
This report studies the global market size of Diagnostic Wearable Medical Devices in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Diagnostic Wearable Medical Devices in these regions.
This research report categorizes the global Diagnostic Wearable Medical Devices market by top players/brands, region, type and end user. This report also studies the global Diagnostic Wearable Medical Devices market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
- Cleveland Medical Device
- Omron Healthcare
- Polar Electro
- Basis Science
- Everist Genomics
- Philips Healthcare
- Vital Connect
Market size by Product
- Vital signs monitor
- Sleep and activity monitor
- Fetal and obstetric monitoring market
- Neuromonitoring market
- ECG monitors
Market size by End User
- Sports and fitness
- Remote patient monitoring
- Home healthcare
Market size by Region
- North America
- United States
- South Korea
- Central & South America
- Rest of Central & South America
- Middle East & Africa
- GCC Countries
- South Africa
Key questions addressed by the report:
- Where will all these developments take Diagnostic Wearable Medical Devices in the mid- to long-term?
- What are the upcoming technological trends in the Diagnostic Wearable Medical Devices market?
- What are the opportunities for various players that exist at present and those that are planning to enter at different stages of the value chain?
- How growth strategies implemented by key players will impact the growth rate of the Diagnostic Wearable Medical Devices market, and who will have the undue advantage?
- What are the current adoption trends of the Diagnostic Wearable Medical Devices market?
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