HOME Top Market Reports Wearable Medical Devices Market by Application (Diagnostic (Heart, Pulse, BP, Sleep, Fetal), Therapeutic (Pain, Insulin)), End Use (Sports, Fitness, RPM), Type (Smart watch, Patch), Distribution Channel (Pharmacy, Hypermarket) - Forecast to 2021

Wearable Medical Devices Market by Application (Diagnostic (Heart, Pulse, BP, Sleep, Fetal), Therapeutic (Pain, Insulin)), End Use (Sports, Fitness, RPM), Type (Smart watch, Patch), Distribution Channel (Pharmacy, Hypermarket) - Forecast to 2021

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: MD 4808

 

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The global wearable medical device market, in terms of value, is projected to reach USD 12.1 Billion by 2021 from USD 5.3 Billion in 2016, at a CAGR of 18.0% during the forecast period. Some of the major factors like growing research and development activities for introduction of technologically advanced medical devices, growing emphasis on development and market launch of smartphone-based healthcare apps that are compatible with wearable devices, growing preference among healthcare providers for wireless connectivity, and, increasing awareness and focus on physical fitness among individuals.

The global wearable medical devices market is segmented on the basis of type, distribution channel, end use, application, and region. The market based on type is segmented into activity monitors, smart watches, smart clothing and patches. In 2016, the activity monitors segment is expected to hold the largest share of the market. The large share of this segment can be attributed to factors such as increasingly unhealthy and sedentary lifestyles, growing health concrns, and rising awareness about personal health and fitness.

In 2016, North America is expected to dominate the global wearable medical devices market. US is expected to account for a larger share of the North American wearable medical devices market. However, Asia is expected to witness a highest CAGR over the forecast period. Some of the major factors like, growing focus on technological advancements, increasing ageing population, growing prevalence of various diseases, and, development of highly innovative and interconnected healthcare apps and advanced compatible devices.

The wearable medical device market is a highly fragmented market with large number of small and big player. Some of the prominent players in this market include Fitbit Inc. (U.S.), Philips Healthcare (Netherlands), Garmin Ltd. (Switzerland), LifeWatch AG. (Switzerland), Omron Corporation (Japan), Drδgerwerk AG & Co. KGaA (U.S.), Withings SA.(France), Jawbone Inc. (U.S.) and Polar Electro Oy (Finland).

Target Audience:

  • Wearable Medical Device Manufacturers
  • Public and Private Physicians
  • Healthcare Institutions (Medical Data Centers)
  • Research & Clinical Laboratories
  • Distributors and Suppliers of Wearable Medical Devices
  • Health Insurance Payers
  • Market Research and Consulting Firms

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

This report categorizes the Wearable medical device market into the following segments and subsegments.

Wearable Medical Device Market, by Type

  • Activity Monitors
  • Smart Watches
  • Smart Clothing
  • Patches

Wearable Medical Device Market, by Distribution Channel

  • Pharmacies
  • Online Channel
  • Hypermarkets

Wearable Medical Device Market, by Applications

  • Diagnostic & Monitoring Devices
    • Vital Signs Monitoring Devices
    • Glucose Monitoring Devices
    • Sleep Monitoring Devices
    • Sleep Monitoring Devices
    • Fetal MONITORING AND OBSTETRIC Devices
    • Neuromonitoring Devices
  • Therapeutic Devices
    • Pain Management Devices
    • Rehabilitation Devices
    • Respiratory Therapy Devices
    • Insulin Pumps

Wearable Medical Device Market, by End Use

  • Sports and Fitness
  • Remote Patient Monitoring
  • Home Healthcare

Wearable Medical Device Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe (RoE)
  • Asia
    • China
    • India
    • Japan
    • Rest of Asia (RoA)
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the 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 5).

Further Split of the RoW X-ray Detectors Market

Wearable medical device market size and growth rate estimates of Latin America, Pacific, and Middle East & Africa.

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
    2.3 Key Data From Secondary Sources
    2.4 Key Data From Primary Sources
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 25)
    3.1 Conclusion

4 Premium Insights (Page No. - 29)
    4.1 Wearable Medical Devices: Market Overview
    4.2 Wearable Medical Devices Market, By Type
    4.3 Wearable Medical Devices Market, By Distribution Channel
    4.4 Wearable Medical Devices Market, By Application
    4.5 Wearable Medical Devices Market: Geographic Snapshot

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Market Drivers
                    5.2.1.1 Technological Advancements in Wearable Medical Devices
                    5.2.1.2 Growing Number of Smartphone-Based Healthcare Apps Compatible With Wearable Devices
                    5.2.1.3 Growing Preference for Wireless Connectivity Among Healthcare Providers
                    5.2.1.4 Increasing Focus on Physical Fitness
           5.2.2 Market Restraints
                    5.2.2.1 High Cost of Wearable Devices
                    5.2.2.2 Data Security Issues
           5.2.3 Opportunity
                    5.2.3.1 Growing Trend Towards Home Healthcare
           5.2.4 Challenges
                    5.2.4.1 Limited Battery Life
                    5.2.4.2 Complexity in the Design of Devices

6 Regulatory Scenario (Page No. - 40)
    6.1 Introduction
    6.2 Regulatory Bodies
    6.3 Patents and Licensing

7 Wearable Medical Devices Market, By Type (Page No. - 42)
    7.1 Introduction
    7.2 Activity Monitors
    7.3 Smart Watches
    7.4 Smart Clothing
    7.5 Patches

8 Wearable Medical Devices Market, By Distribution Channel (Page No. - 48)
    8.1 Introduction
    8.2 Pharmacies
    8.3 Online Channel
    8.4 Hypermarkets

9 Wearable Medical Devices Market, By Application (Page No. - 53)
    9.1 Introduction
    9.2 Diagnostic & Monitoring Devices
           9.2.1 Vital Sign Monitoring Devices
                    9.2.1.1 Heart Rate Monitors
                    9.2.1.2 Pulse Oximeters
                    9.2.1.3 Blood Pressure Monitors
           9.2.2 Glucose Monitoring Devices
           9.2.3 Sleep Monitoring Devices
           9.2.4 Fetal Monitoring and Obstetric Devices
           9.2.5 Neuromonitoring Devices
    9.3 Therapeutics
           9.3.1 Pain Management Devices
           9.3.2 Rehabilitation Devices
           9.3.3 Respiratory Therapy Devices
           9.3.4 Insulin Pumps

10 Wearable Medical Devices Market, By End User (Page No. - 66)
     10.1 Introduction
     10.2 Sports and Fitness
     10.3 Remote Patient Monitoring
     10.4 Home Healthcare

11 Wearable Medical Devices Market, By Region (Page No. - 70)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
     11.3 Europe
             11.3.1 Germany
             11.3.2 U.K.
             11.3.3 France
             11.3.4 Rest of Europe
     11.4 Asia
             11.4.1 China
             11.4.2 India
             11.4.3 Japan
             11.4.4 Rest of Asia
     11.5 Rest of the World

12 Competitive Landscape (Page No. - 120)
     12.1 Overview
     12.2 Market Share Analysis
     12.3 Competitive Situations and Trends
             12.3.1 New Product Launches, Upgrades, & Approvals
             12.3.2 Agreements, Partnerships, and Collaborations
             12.3.3 Acquisition

13 Company Profiles (Page No. - 127)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 Fitbit Inc.
     13.3 Philips Healthcare (A Subsidiary of Royal Philips Electronics)
     13.4 Garmin Ltd.
     13.5 Lifewatch AG
     13.6 Omron Corporation
     13.7 Drδgerwerk AG & Co. KGaA
     13.8 Withings SA
     13.9 Jawbone Inc.
     13.10 Polar Electro OY
     13.11 Sotera Wireless, Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 148)
     14.1 Insights From Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (124 Tables)

Table 1 Recent Fda Approvals for Wearable Devices
Table 2 Wearable Fitness Trackers
Table 3 Baseline Standards for Wearable Medical Devices With Basic Technologies
Table 4 Wearable Medical Devices Market Size, By Type, 2014–2021 (USD Million)
Table 5 Wearable Devices Market Size for Activity Monitors, By Region, 2014–2021 (USD Million)
Table 6 Wearable Medical Devices Market Size for Smart Watches, By Region, 2014–2021 (USD Million)
Table 7 Wearable Medical Devices Market Size for Smart Clothing, By Region, 2014–2021 (USD Million)
Table 8 Wearable Medical Devices Market Size for Patches, By Region, 2014–2021 (USD Million)
Table 9 Market Size, By Distribution Channel, 2014-2021 (USD Million)
Table 10 Market Size for Pharmacies, By Region, 2014-2021 (USD Million)
Table 11 Market Size for Online Distribution Channel, By Region, 2014-2021 (USD Million)
Table 12 Market Size for Hypermarkets, By Region, 2014-2021 (USD Million)
Table 13 Market Size, By Application, 2014–2021 (USD Million)
Table 14 Wearable Diagnostic & Monitoring Medical Devices Market Size, By Type, 2014–2021 (USD Million)
Table 15 Wearable Diagnostic & Monitoring Medical Devices Market Size, By Region, 2014–2021 (USD Million)
Table 16 Wearable Vital Sign Monitoring Devices Market Size, By Region, 2014–2021 (USD Million)
Table 17 Wearable Heart Rate Monitors Market Size, By Region, 2014–2021 (USD Million)
Table 18 Wearable Pulse Oximeters Market Size, By Region, 2014–2021 (USD Million)
Table 19 Wearable Blood Pressure Monitors Market Size, By Region, 2014–2021 (USD Million)
Table 20 Wearable Glucose Monitoring Devices Market Size, By Region, 2014–2021 (USD Million)
Table 21 Wearable Sleep Monitoring Devices Market Size, By Region, 2014–2021 (USD Million)
Table 22 Wearable Fetal Monitoring and Obstetric Devices Market Size, By Region, 2014–2021 (USD Million)
Table 23 Wearable Neuromonitoring Devices Market Size, By Region, 2014–2021 (USD Million)
Table 24 Wearable Therapeutic Devices Market Size, By Region, 2014–2021 (USD Million)
Table 25 Wearable Therapeutics Medical Devices Market Size, By Type, 2014–2021 (USD Million)
Table 26 Wearable Pain Management Devices Market Size, By Region, 2014–2021 (USD Million)
Table 27 Wearable Rehabilitation Devices Market Size, By Region, 2014–2021 (USD Million)
Table 28 Wearable Respiratory Therapy Devices Market Size, By Region, 2014–2021 (USD Million)
Table 29 Wearable Insulin Pumps Market Size, By Region, 2014–2021 (USD Million)
Table 30 Market Size, By End Use, 2014-2021 (USD Million)
Table 31 Market Size for Sports and Fitness, By Region, 2014-2021 (USD Million)
Table 32 Market Size for Remote Patient Monitoring, By Region, 2014-2021 (USD Million)
Table 33 Market Size for Home Healthcare, By Region, 2014-2021 (USD Million)
Table 34 Global Market Size, By Region, 2014–2021 (USD Million)
Table 35 North America: Wearable Medical Devices Market Size, By Country, 2014–2021 (USD Million)
Table 36 North America: Wearable Medical Devices Market Size, By Type, 2014–2021 (USD Million)
Table 37 North America: Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 38 North America: Wearable Medical Devices Market Size, By End Use, 2014–2021 (USD Million)
Table 39 North America: Market Size, By Application, 2014–2021 (USD Million)
Table 40 North America: Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 41 North America: Therapeutic Devices Market Size, By Type, 2014–2021 (USD Million)
Table 42 U.S.: Wearable Medical Devices Market Size, By Type, 2014–2021 (USD Million)
Table 43 U.S.: Wearable Medical Devices Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 44 U.S.: Market Size, By End Use, 2014–2021 (USD Million)
Table 45 U.S.: Market Size, By Application, 2014–2021 (USD Million)
Table 46 U.S.: Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 47 U.S.: Therapeutic Devices Market Size, By Type, 2014–2021 (USD Million)
Table 48 Canada: Wearable Medical Devices Market Size, By Type, 2014–2021 (USD Million)
Table 49 Canada: Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 50 Canada: Market Size, By End Use, 2014–2021 (USD Million)
Table 51 Canada: Market Size, By Application, 2014–2021 (USD Million)
Table 52 Canada: Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 53 Canada: Therapeutic Devices Market Size, By Type, 2014–2021 (USD Million)
Table 54 Europe: Market Size, By Country, 2014–2021 (USD Million)
Table 55 Europe: Market Size, By Type, 2014–2021 (USD Million)
Table 56 Europe: Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 57 Europe: Market Size, By End Use, 2014–2021 (USD Million)
Table 58 Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 59 Europe: Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 60 Europe: Therapeutic Devices Market Size, By Type , 2014–2021 (USD Million)
Table 61 Germany: Market Size, By Type, 2014–2021 (USD Million)
Table 62 Germany: Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 63 Germany: Market Size, By End Use, 2014–2021 (USD Million)
Table 64 Germany: Market Size, By Application, 2014–2021 (USD Million)
Table 65 Germany :Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 66 Germany: Therapeutic Devices Market Size, By Type, 2014–2021 (USD Million)
Table 67 U.K.: Market Size, By Type, 2014–2021 (USD Million)
Table 68 U.K.: Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 69 U.K.: Market Size, By End Use, 2014–2021 (USD Million)
Table 70 U.K.: Market Size, By Application, 2014–2021 (USD Million)
Table 71 U.K.: Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 72 U.K.: Therapeutic Devices Market Size, By Type, 2014–2021 (USD Million)
Table 73 France: Market Size, By Type, 2014–2021 (USD Million)
Table 74 France: Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 75 France: Market Size, By End Use, 2014–2021 (USD Million)
Table 76 France: Market Size, By Application, 2014–2021 (USD Million)
Table 77 France :Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 78 France: Therapeutic Devices Market Size, By Type, 2014–2021 (USD Million)
Table 79 Rest of Europe: Market Size, By Type, 2014–2021 (USD Million)
Table 80 Rest of Europe: Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 81 Rest of Europe: Market Size, By End Use, 2014–2021 (USD Million)
Table 82 Rest of Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 83 Rest of Europe: Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 84 Rest of Europe: Therapeutic Devices Market Size, By Type, 2014–2021 (USD Million)
Table 85 Asia : Market Size, By Country, 2014–2021 (USD Million)
Table 86 Asia: Market Size, By Type, 2014–2021 (USD Million)
Table 87 Asia: Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 88 Asia: Market Size, By End Use, 2014–2021 (USD Million)
Table 89 Asia: Market Size, By Application, 2014–2021 (USD Million)
Table 90 Asia: Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 91 Asia: Therapeutic Devices Market Size, By Type, 2014–2021 (USD Million)
Table 92 China: Market Size, By Type, 2014-2021 (USD Million)
Table 93 China: Market Size, By Distribution Channel, 2014-2021 (USD Million)
Table 94 China: Market Size, By End Use, 2014-2021 (USD Million)
Table 95 China: Market Size, By Application, 2014-2021 (USD Million)
Table 96 China: Diagnostic & Monitoring Devices Market Size, By Type, 2014-2021 (USD Million)
Table 97 China: Therapeutic Devices Market Size, By Type, 2014-2021 (USD Million)
Table 98 India: Market Size, By Type, 2014–2021 (USD Million)
Table 99 India: Market Size, By Distribution Channel, 2014–2021 (USD Million)
Table 100 India: Market Size, By End Use, 2014–2021 (USD Million)
Table 101 Asia: Market Size, By Application, 2014–2021 (USD Million)
Table 102 India: Diagnostic & Monitoring Devices Market Size, By Type, 2014–2021 (USD Million)
Table 103 India: Therapeutic Devices Market Size, By Type, 2014–2021 (USD Million)
Table 104 Japan: Market Size, By Type, 2014-2021 (USD Million)
Table 105 Japan: Market Size, By End Use, 2014-2021 (USD Million)
Table 106 Japan: Market Size, By Application, 2014-2021 (USD Million)
Table 107 Japan: Market Size, By Distribution Channel, 2014-2021 (USD Million)
Table 108 Japan: Diagnostic & Monitoring Devices Market Size, By Type, 2014-2021 (USD Million)
Table 109 Japan: Therapeutic Devices Market Size, By Type, 2014-2021 (USD Million)
Table 110 RoA: Market Size, By Type, 2014-2021 (USD Million)
Table 111 RoA: Market Size, By End Use, 2014-2021 (USD Million)
Table 112 RoA: Market Size, By Distribution Channel, 2014-2021 (USD Million)
Table 113 RoA: Market Size, By Application, 2014-2021 (USD Million)
Table 114 RoA: Diagnostic & Monitoring Devices Market Size, By Type, 2014-2021 (USD Million)
Table 115 RoA: Therapeutic Devices Market Size, By Type, 2014-2021 (USD Million)
Table 116 RoW: Wearable Medical Devices Market Size, By Type, 2014-2021 (USD Million)
Table 117 RoW: Wearable Medical Devices Market Size, By End Use, 2014-2021 (USD Million)
Table 118 RoW: Wearable Medical Devices Market Size, By Distribution Channel, 2014-2021 (USD Million)
Table 119 RoW: Wearable Medical Devices Market Size, By Application, 2014-2021 (USD Million)
Table 120 RoW: Diagnostic & Monitoring Devices Market Size, By Type, 2014-2021 (USD Million)
Table 121 RoW: Therapeutic Devices Market Size, By Type, 2014-2021 (USD Million)
Table 122 New Product Launches, Upgrades, Approvals, 2013-2016
Table 123 Partnerships & Collaborations, 2013-2016
Table 124 Acquisition, 2013-2016


List of Figures (32 Figures)

Figure 1 Wearable Medical Devices Market
Figure 2 Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Data Triangulation Methodology
Figure 7 Wearable Medical Devices Market, By Application, 2016 vs 2021
Figure 8 Wearable Diagnostics & Monitoring Devices Market, By Application, 2016 vs 2021
Figure 9 Wearable Therapeutic Devices Market, By Type, 2016 vs 2021
Figure 10 Wearable Medical Devices Market, By End User, 2016 vs 2021
Figure 11 Geographical Snapshot of Wearable Medical Devices Market,
Figure 12 Technological Advancements are Driving the Growth of the Wearable Medical Devices Market
Figure 13 Activity Monitors to Dominate the Wearable Medical Devices Market in 2016
Figure 14 Pharmacies to Form the Largest Distribution Channel for the Wearable Medical Devices Market in 2016
Figure 15 Diagnostic and Monitoring Devices to Witness Highest Growth From 2016 to 2021
Figure 16 China to Register Highest Growth in the Wearable Medical Devices Market During the Forecast Period
Figure 17 Wearable Medical Devices Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Wearable Medical Devices Market, By Type
Figure 19 North America: Wearable Devices Market Snapshot
Figure 20 Europe: Wearable Devices Market Snapshot
Figure 21 Asia: Wearable Devices Market Snapshot
Figure 22 Key Players Adopted Organic and Inorganic Growth Strategies Between 2014 and 2016
Figure 23 Market Strategies Adopted By Key Players
Figure 24 Market Share of Key Players in the Wearable Medical Devices Market (2015)
Figure 25 Battle for Market Share: New Product Launches, Upgrades, Approvals—The Key Strategies Adopted By Market Players
Figure 26 Geographic Revenue Mix for the Top 5 Players in the Wearable Medical Devices Market
Figure 27 Fitbit Inc.: Company Snapshot
Figure 28 Philips Healthcare (Royal Philips Electronics): Company Snapshot
Figure 29 Garmin Ltd.: Company Snapshot
Figure 30 Lifewatch AG: Company Snapshot
Figure 31 Omron Corporation: Company Snapshot
Figure 32 Drδgerwerk AG & Co. KGaA: Company Snapshot

The global wearable medical devices market, in terms of value, is projected to reach USD 12.14 Billion by 2021 from USD 5.31 Billion in 2016, at a CAGR of 18.0% during the forecast period. Growth in this market is mainly driven by technological advancements in medical devices, launch of a growing number of smartphone-based healthcare apps compatible with wearable devices, rising preference for wireless connectivity among healthcare providers, and increasing focus on physical fitness.

Furthermore, growing trend towards home healthcare, offers significant growth opportunities for the market. On the other hand, factors such as high cost of wearable devices and data security issues may restraint the growth of the market.

The wearable medical services market is segmented based on type, distribution channel, end use, application, and regions. The wearable medical device, by type segment is expected to provide growth opportunities for market players in the forecast period. On the basis of type, the market is segmented into activity monitors, smartwatches, smart clothing, and patches. Activity monitors are expected to account for a major share of the market. The large share of this segment can be attributed to factors such as increasing health concerns, increasingly sedentary and unhealthy lifestyles, and growing awareness about health and fitness.

Based on the end use, the market is segmented into sports& fitness, remote patient monitoring, and home healthcare. Sports & fitness dominated the market in 2016, however, home healthcare end use to grow at the second highest CAGR during the forecast period.

Based on distribution channel, the wearable medical devices market is segmented into pharmacies, online channel, and hypermarkets. The hypermarkets segment is expected to witness the highest growth during the forecast period primarily due to the growing retail businesses and increasing consumer reach of products.

Based on application, the market is segmented into diagnostics & monitoring and therapeutics. Diagnostics & monitoring is the major application segment and is the fastest growing application segment during the forecast period. This growth is majorly driven by increasing need for regular monitoring and early diagnosis among patients primarily due to the growing prevalence of chronic diseases is a key market driver for this segment.

Wearable Medical Devices Market

The market is dominated by North America, followed by Asia, Europe, and the Rest of the World. While North America is expected to dominate the market in 2016, Asia is expected to grow at the highest CAGR during the forecast period.  The high growth in this market is attributed to of developed infrastructure and the focus on technological advancement and development of interconnected and highly advanced healthcare apps and compatible devices.

Prominent players in the wearable medical devices market include Fitbit Inc. (U.S.), Philips Healthcare (Netherlands), Garmin Ltd. (Switzerland), LifeWatch AG. (Switzerland), Omron Corporation (Japan), Drδgerwerk AG & Co. KGaA (U.S.), Withings SA.(France), Jawbone Inc. (U.S.) and Polar Electro Oy (Finland).

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