Global Wearable Medical Electronics Market Assessment & Forecast

Wearable Medical Electronics

Wearable healthcare devices have been popular over the past decade and have brought revolutionary changes in monitoring personal health. With the rising number of entrants in the fitness monitors and smartwatches segment, the market is alight and the future prospects for buyers as well as manufacturers are immensely positive.

These devices are very affordable and with advancements in GUI, have become extremely easy to use and understand. Most wearable medical devices are autonomous and non-invasive; however, several minor components such as sensors and needles may be inserted within the epidermis. Insulin and continuous blood glucose monitoring are few illustrations of devices that include a component such as a needle or an electrode to monitor body activity.

Hand-held and portable PDAs, digital palmtop’s and other compact devices are hence not considered as wearable devices. In some perspectives products such as bandages and wound care devices may also be considered as wearable medical devices, however, this report emphasizes the contemporary definition of wearable medical devices and encompasses only electronics responsible for diagnostics, monitoring, and therapeutics. New additions to this area include smart textiles and clothing in which sensors are attached within and are capable of monitoring physiological parameters.

A large fraction of the active aging population and increasing number of fitness enthusiasts have been a prime factor for growth in demand for sports and fitness monitors along with home and personal care devices such as blood glucose and heart rate monitoring devices. Population numbers compiled from global studies on diabetes, cardiovascular diseases and obesity indicate that there are over 2.5 billion people at risk of serious illnesses and death.

Lifestyle diseases that account for the largest healthcare disorders can be easily combated individually with minimal presence of doctors, hence wearable medical devices and monitors play a major role in helping people achieve their fitness targets. Miniaturization of technology, circuitry, semiconductors, display, and other components has played an integral part in helping several medical devices reach a level of commoditization. Wireless data transfer and Bluetooth-enabled technologies have further enhanced the capabilities of devices in monitoring patients from afar, thus reducing the involvement of doctors and medical experts further.

Heart rate monitors are one of the oldest wearable technologies that were introduced in the 1990s. The market for heart rate monitors is highly fragmented with a very large number of players. Asian manufacturers have completely commoditized this market, whereas regulations still play a critical role in the approval of these devices for usage in North America and Europe.

A barrage of other devices includes ECG/Holter monitors, electroencephalographs, electromyography, pain management, and nerve stimulation devices, respiratory devices such as SpO2 sensors and lung volume monitors.

This report focuses on the wearable medical electronics market in six geographies of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. North America and Europe continue to lead the market in all segments; however, revenues in certain product segments such as heart rate and ECG/Holter are evenly balanced in three major regions of North America, Europe, Asia-Pacific, and Latin America.

Due to the non-invasive nature of these devices, they are considered equivalent to FDA Class I or Class II medical devices and require low approvals for sale. This has made it easy for the volley of new entrants every year. The key players in this area such as Nike, Garmin, Misfit, Jawbone, Withings, Bowflex, Polar, Fitbit, Runtastic, Omron, Adidas, Wahoo, Zephyr, Samsung, Suunto, and Epson are just a few of a very large fraction in the global competitive landscape.

The report objectives are to understand the global market for wearable medical electronics described above and analyze the market landscape for the coming years. The intended readers are manufacturers, distributors and other members within the value chain of direct to customer and B2B variations of this market.

The below mentioned quantitative and qualitative analysis is subject to enhancement and refinement during the course of research.

Quantitative Analysis

The report analyses and estimates the market by:

  • Product Segment/Sub-segment Types
  • Technology
  • Application
  • Market Share Analysis – segments, players, geographies
  • Geographic Analysis

° North America

° Latin America

° Europe

° Asia-Pacific

° Middle East

° Africa

Qualitative Analysis

  • Market Segmentation
  • Drivers & inhibitors in the market
  • Opportunities in the market
  • Reimbursement scenario – Region specific
  • Pipeline developments – by phases
  • Competitive landscape – recent strategic developments


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