Healthcare Wearables Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71051
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The healthcare wearables market has the potential to grow by USD 7.77 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 14.67%.

This healthcare wearables market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (vital sign monitors, glucose monitors, sleep apnea monitors, and others), end-user (hospitals and clinics, nursing homes, and others), and geography (North America, Europe, Asia, and ROW). The healthcare wearables market report also offers information on several market vendors, including Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc., Garmin Ltd., General Electric Co., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, and OMRON Corp. among others.

What will the Healthcare Wearables Market Size be in 2021?

Healthcare-Wearables-Market-Market-Size-2020-2025

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Healthcare Wearables Market: Key Drivers and Trends

The increasing focus on fitness and a healthy lifestyle orientation is notably driving the wearable medical devices market growth, although factors such as rising mortality rate due to non-communicable diseases may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare wearables industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This healthcare wearables market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Healthcare Wearables Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Apple Inc.
  • Dexcom Inc.
  • Fitbit Inc.
  • Garmin Ltd.
  • General Electric Co.
  • Koninklijke Philips NV
  • Masimo Corp.
  • Medtronic Plc
  • OMRON Corp.

 

The vendor landscape of the healthcare wearables market entails successful business strategies deployed by the vendors. The wearable medical devices market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the healthcare wearables market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare Wearables Market?

Healthcare-Wearables-Market-Market-Share-by-Region-2020-2025

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38% of the market’s growth will originate from North America during the forecast period. The US, Canada, and Mexico are the key markets for healthcare wearables in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing prevalence of chronic diseases will facilitate the healthcare wearables market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Healthcare Wearables Market?

Healthcare-Wearables-Market-Market-Share-by-Product-2020-2025

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The healthcare wearables market share growth by the vital sign monitors segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the wearable medical devices market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Healthcare Wearables Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 14.67%

Market growth 2021-2025

$ 7.77 billion

Market structure

Fragmented

YoY growth (%)

10.40

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 38%

Key consumer countries

US, Germany, Canada, Japan, UK, The Netherlands, Mexico, France, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc., Garmin Ltd., General Electric Co., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, and OMRON Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Healthcare Wearables Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive healthcare wearables market growth during the next five years
  • Precise estimation of the healthcare wearables market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wearable medical devices market across North America, Europe, Asia, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wearable medical devices market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Vital sign monitors - Market size and forecast 2020-2025
    • Glucose monitors - Market size and forecast 2020-2025
    • Sleep apnea monitors - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Hospitals and clinics - Market size and forecast 2020-2025
    • Nursing homes - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • Asia - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Abbott Laboratories
      • Apple Inc.
      • Dexcom Inc.
      • Fitbit Inc.
      • Garmin Ltd.
      • General Electric Co.
      • Koninklijke Philips NV
      • Masimo Corp.
      • Medtronic Plc
      • OMRON Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Get your FREE sample now!
      The healthcare wearables market growth will increase by $7765.78 million during 2020-2025.
      The healthcare wearables market is expected to grow at a CAGR of 14.67% during 2020-2025.
      Technavio has segmented the healthcare wearables market by product (Vital sign monitors, Glucose monitors, Sleep apnea monitors, and Others) ,end user (Hospitals and clinics, Nursing homes, and Others) , and geographic (North America, Europe, Asia, and ROW).
      Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc., Garmin Ltd., General Electric Co., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, OMRON Corp. are a few of the key vendors in the healthcare wearables market.
      North America will register the highest growth rate of 37.82% among the other regions. Therefore, the healthcare wearables market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Germany
      • Canada
      • Japan
      • UK
      • The Netherlands
      • Mexico
      • France
      • India
      The key factors driving the healthcare wearables market growth are:
      • Increasing focus on fitness and a healthy lifestyle orientation
      The healthcare wearables market vendors should focus on grabbing business opportunities from the vital sign monitors segment as it accounted for the largest market share in the base year.
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