Wearable Heart Monitoring Device Market Research Report – Global Forecast till 2023

Wearable Heart Monitoring Device Market Research Report – Global Forecast till 2023

ID: MRFR/HCIT/3292-HCRR | September, 2018 | Region: Global | 90 pages | Half-Cooked Research Reports

Wearable Heart Monitoring Devices Market Research Report, By Product (Electric Pulse Based Product, Optical Technology Based), Type (Chargeable, Bluetooth Enabled), Application (Healthcare, Consumer Market), End User (Hospital) - Global Forecast till 2023


Market Scenario


Digital revolution and the rapid development of the information technology has transformed virtually every industry and healthcare industry is no exception. Recently, novel devices for wireless monitoring have emerged and begun to be integrated with cardiac patient care. This has led to the development of wearable heart monitoring devices market. By set-up, a majority of the wearable heart monitoring devices consists of wearable monitoring device and a portable data transmission device which transmits real time medical data for analysis. According to the National Health Service in 2015, an average American is constantly connected via high bandwidth to a vast network of data and sophisticated digital platforms with over 90% of American adults owning a cell phone and 55% having smart phones. Such exploitation of the technology has facilitated the development of mobile phones based wearable heart monitoring devices. Cardiac conditions such as atrial fibrillation (AFib) requires extensive and continuous monitoring. Conventionally, Holter monitoring is exploited for the same. But since the technology is expensive and risks of missing arrhythmias are associated, a number of new and effective technologies for wireless monitoring are devised which has facilitated the market growth. According to the Centres for Disease Control and Prevention in 2017, 2.7-6.1 million people in the United States have AFib. Moreover, it is reported that more than 750,000 hospitalizations occur each year in the U.S. because of AFib, accounting to the estimated medical cost for people who have AFib to be about USD 8,705 per person. Such trends in the prevalence of AFib along with high per capita healthcare expenditures in the developed countries and growing geriatric population is estimated to boost the market growth during the forecasted period. However, lack of awareness for the products, low healthcare expenditures in the developing countries and stringent FDA approvals will restrain the market growth during the forecasted period. 


The global wearable heart monitoring devices market is expected to grow at an approximate CAGR of 9.86% during the forecast period.


 


Figure 1:- Global wearable heart monitoring devices market share, by Region

wearable heart monitoring devices market


Sources: WHO, annual reports, press release, white paper, and company presentation


Key players for global wearable heart monitoring devices market


The key players for the global wearable heart monitoring devices market are Medtronic (U.S.), Kinetec Products UK Ltd. (South America), Beurer GmbH (Europe), Medisana AG (Europe), Briggs Healthcare (U.S.), Polar Electro (Europe), SUUNTO (Europe), Koninklijke Philips N.V. (Europe), Garmin Ltd. (Europe), and others.

Segmentation


The global wearable heart monitoring devices is segmented on the basis of products, type, application, and end users.


On the basis of products, the market is segmented as electric pulse based, optical technology based, and others. The electric pulse based segment is sub-segmented into chest straps, chest patches and others. The optical technology based segment, by product, is further segmented into smart watches, earphones, and others. On the basis of type, the market is categorised into chargeable, non-chargeable, bluetooth enabled, and others. On the basis of application, the market is segmented into healthcare, consumer market, and others. On the basis of end users, the market is segmented into hospitals, retail pharmacies, academic institutes, and others. 


Regional Analysis


America dominates the global wearable heart monitoring devices market owing to a well-developed healthcare sector and a highly developed information technology sector. Moreover, high prevalence of AFib diseases, increasing healthcare expenditure have boosted the growth of the market in America. Moreover, the presence of developed economies like the U.S. and Canada and global players such as Medtronic, Briggs Healthcare within the regional boundaries fuels the market growth. 


Europe is the second largest market for wearable heart monitoring devices, which is followed by Asia Pacific. Availability of funds for research, well developed healthcare infrastructure, huge patient population and government support for research & development will drive the market in the Europe. 


Asia Pacific is the fastest growing region for the market due to the presence of developing economies like India and China within the region which have increasing healthcare expenditures. This along with favourable government policies will boost the market growth in the presence of huge opportunity for the untapped market within the region. 


The Middle East & Africa has the least share in the global wearable heart monitoring devices market due to presence of poor economies especially in the African region. Majority of the market of the Middle & Africa region is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure by the presence of regional economies like Saudi Arabia, Kuwait and Qatar within the region. 


Research Methodology


Wearable Heart Monitoring Device Market


Sources: WHO, annual reports, press release, white paper, and company presentation 

Intended Audience



  • Pharmaceutical companies

  • Biotechnological institutes

  • Research and Development (R&D) Companies

  • Medical Research Laboratories

  • Market Research and Consulting Service Providers


 


 

TABLE OF CONTENT

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Wearable Heart Monitoring Devices Market, by Product

6.1 Introduction

6.2 Electric Pulse Based Products

Market Estimates & Forecast, 2017 – 2023

6.2.1 Chest Straps

6.2.2 Chest Patches

6.2.3 Others

6.3 Optical Technology Based

Market Estimates & Forecast, 2017 – 2023

6.3.1 Smart Watches

6.3.2 Earphones

6.3.3 Others

6.4 Others

Chapter 7. Global Wearable Heart Monitoring Devices Market, by Type

7.1 Introduction

7.2 Chargeable

7.2.1 Market Estimates & Forecast, 2017 – 2023

7.3 Non Chargeable

7.2.2. Market Estimates & Forecast, 2017 – 2023

7.4 Bluetooth Enabled

7.2.3 Market Estimates & Forecast, 2017 – 2023

7.5 Others

7.2.4 Market Estimates & Forecast, 2017 – 2023

Chapter 8. Global Wearable Heart Monitoring Devices Market, by Application

8.1 Introduction

8.2 Healthcare

8.2.1 Market Estimates & Forecast, 2017 – 2023

8.3 Consumer Market

8.2.2 Market Estimates & Forecast, 2017 – 2023

8.4 Others

8.2.3 Market Estimates & Forecast, 2017 – 2023

Chapter 9. Global Wearable Heart Monitoring Devices Market, by End Users

9.1 Introduction

9.2 Hospitals

9.2.1 Market Estimates & Forecast, 2017 – 2023

9.3 Retail Pharmacies

9.2.2 Market Estimates & Forecast, 2017 – 2023

9.4 Academic Institutes

9.2.3 Market Estimates & Forecast, 2017 – 2023

9.5 Others

9.2.4 Market Estimates & Forecast, 2017 – 2023

Chapter 10. Global Wearable Heart Monitoring Devices Market, by Region

10.1 Introduction

10.2 America

10.2.1 North America

10.2.1.1 US

10.2.1.1 Canada

10.2.2 South America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 Italy

10.3.1.4 Spain

10.3.1.5 UK

10.3.1.6 Rest of Western Europe

10.3.2 Eastern Europe

10.4 Asia Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 Republic of Korea

10.4.6 Rest of Asia Pacific

10.5 The Middle East & Africa

10.5.1 United Arab Emirates

10.5.2 Saudi Arabia

10.5.3 Oman

10.5.4 Kuwait

10.5.5 Qatar

10.5.6 Rest of the Middle East & Africa

Chapter 11. Company Landscape

11.1 Introduction

11.2 Market Share Analysis

11.3 Key Development & Strategies

11.3.1 Key Developments

Chapter 12 Company Profiles

12.1 Medtronic

12.1.1 Company Overview

12.1.2 Product Overview

12.1.3 Financials

12.2.4 Key Developments

12.1.5 SWOT Analysis

12.2 Kinetec Products UK Ltd

12.2.1 Company Overview

12.2.2 Product Overview

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.3 Beurer GmbH

12.3.1 Company Overview

12.3.2 Product Overview

12.3.3 Financial Overview

12.3.4 Key Development

12.3.5 SWOT Analysis

12.4 Medisana AG

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Overview

12.4.4 Key Development

12.4.5 SWOT Analysis

12.5 Briggs Healthcare

12.5.1 Company Overview

12.5.2 Product Overview

12.5.3 Financial overview

12.5.4 Key Developments

12.5.5 SWOT Analysis



12.6 Polar Electro

12.6.1 Company Overview

12.6.2 Product Overview

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.7 SUUNTO

12.7.1 Overview

12.7.2 Product Overview

12.7.3 Financials

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.8 Koninklijke Philips N.V.

12.8.1 Overview

12.8.2 Product Overview

12.8.3 Financials

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.9 Garmin Ltd.

12.9.1 Overview

12.9.2 Product Overview

12.9.3 Financials

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.10 Others

Chapter 13 MRFR Conclusion

13.1 Key Findings

13.1.1 From CEO’s View Point

13.1.2 Unmet Needs of the Market

13.2 Key Companies to Watch

13.3 Prediction of Wearable Heart Monitoring Devices Market

Chapter 14 Appendix





LIST OF TABLES

Table 1 Wearable Heart Monitoring Devices Industry Synopsis, 2017 – 2023

Table 2 Global Wearable Heart Monitoring Devices Market Estimates and Forecast, 2017 – 2023, (USD Million)

Table 3 Global Wearable Heart Monitoring Devices Market by Region, 2017 – 2023, (USD Million)

Table 4 Global Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 5 Global Wearable Heart Monitoring Devices Market by Type, 2017 – 2023, (USD Million)

Table 6 Global Wearable Heart Monitoring Devices Market by Application, 2017 – 2023, (USD Million)

Table 7 Global Wearable Heart Monitoring Devices Market by End Users, 2017 – 2023, (USD Million)



Table 8 North America Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 9 North America Wearable Heart Monitoring Devices by Types, 2017 – 2023, (USD Million)

Table 10 North America Wearable Heart Monitoring Devices by Application, 2017 – 2023, (USD Million)

Table 11 North America Wearable Heart Monitoring Devices by End Users, 2017 – 2023, (USD Million)

Table 12 US Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 13 US Wearable Heart Monitoring Devices Market by Types, 2017 – 2023, (USD Million)

Table 14 US Wearable Heart Monitoring Devices Market by Application, 2017 – 2023, (USD Million)

Table 15 US Wearable Heart Monitoring Devices Market by End Users, 2017 – 2023, (USD Million)

Table 16 Canada Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 17 Canada Wearable Heart Monitoring Devices Market by Types, 2017 – 2023, (USD Million)

Table 18 Canada Wearable Heart Monitoring Devices Market by Application, 2017 – 2023, (USD Million)

Table 19 Canada Wearable Heart Monitoring Devices Market by End Users, 2017 – 2023, (USD Million)



Table 20 South America Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 21 South America Wearable Heart Monitoring Devices Market by Types, 2017 – 2023, (USD Million)

Table 22 South America Wearable Heart Monitoring Devices Market by Application, 2017 – 2023, (USD Million)

Table 23 South America Wearable Heart Monitoring Devices Market by End Users, 2017 – 2023, (USD Million)

Table 24 Europe Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 25 Europe Wearable Heart Monitoring Devices Market by Types, 2017 – 2023, (USD Million)

Table 26 Europe Wearable Heart Monitoring Devices Market by Application, 2017 – 2023, (USD Million)

Table 27 Europe Wearable Heart Monitoring Devices Market by End Users, 2017 – 2023, (USD Million)

Table 28 Western Europe Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 29 Western Europe Wearable Heart Monitoring Devices Market by Types, 2017 – 2023, (USD Million)

Table 30 Western Europe Wearable Heart Monitoring Devices Market by Application, 2017 – 2023, (USD Million)

Table 31 Western Europe Wearable Heart Monitoring Devices Market by End Users, 2017 – 2023, (USD Million)

Table 32 Eastern Europe Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 33 Eastern Europe Wearable Heart Monitoring Devices Market by Types, 2017 – 2023, (USD Million)

Table 34 Eastern Europe Wearable Heart Monitoring Devices Market by Application, 2017 – 2023, (USD Million)

Table 35 Eastern Europe Wearable Heart Monitoring Devices Market by End Users, 2017 – 2023, (USD Million)

Table 36 Asia Pacific Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 37 Asia Pacific Wearable Heart Monitoring Devices Market by Types, 2017 – 2023, (USD Million)

Table 38 Asia Pacific Wearable Heart Monitoring Devices Market by Application, 2017 – 2023, (USD Million)

Table 39 Asia Pacific Wearable Heart Monitoring Devices Market by End Users, 2017 – 2023, (USD Million)

Table 40 Middle East & Africa Wearable Heart Monitoring Devices Market by Products, 2017 – 2023, (USD Million)

Table 41 Middle East & Africa Wearable Heart Monitoring Devices Market by Types, 2017 – 2023, (USD Million)

Table 42 Middle East & Africa Wearable Heart Monitoring Devices Market by Application, 2017 – 2023, (USD Million)

Table 43 Middle East & Africa Wearable Heart Monitoring Devices Market by End Users, 2017 – 2023, (USD Million)



LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Wearable Heart Monitoring Devices Market

Figure 3 Segmentation Market Dynamics for Global Wearable Heart Monitoring Devices Market

Figure 4 Global Wearable Heart Monitoring Devices Market Share, by Product 2016

Figure 5 Global Wearable Heart Monitoring Devices Market Share, by Types 2016

Figure 6 Global Wearable Heart Monitoring Devices Market Share, by Application, 2016

Figure 7 Global Wearable Heart Monitoring Devices Market Share, by End Users, 2016

Figure 8 Global Wearable Heart Monitoring Devices Market Share, by Region, 2016

Figure 9 North America Wearable Heart Monitoring Devices Market Share, by Country, 2016

Figure 10 Europe Wearable Heart Monitoring Devices Market Share, by Country, 2016

Figure 11 Asia Pacific Wearable Heart Monitoring Devices Market Share, by Country, 2016

Figure 12 Middle East & Africa Wearable Heart Monitoring Devices Market Share, by Country, 2016

Figure 13 Global Wearable Heart Monitoring Devices Market: Company Share Analysis, 2016 (%)

Figure 14 Medtronic: Key Financials

Figure 15 Medtronic: Segmental Revenue

Figure 16 Medtronic: Geographical Revenue

Figure 17 Kinetec Products UK Ltd: Key Financials

Figure 18 Kinetec Products UK Ltd: Segmental Revenue

Figure 19 Kinetec Products UK Ltd: Geographical Revenue

Figure 20 Beurer GmbH: Key Financials

Figure 21 Beurer GmbH: Segmental Revenue

Figure 22 Beurer GmbH: Geographical Revenue

Figure 23 Medisana AG: Key Financials

Figure 24 Medisana AG: Segmental Revenue

Figure 25 Medisana AG: Geographical Revenue

Figure 26 Briggs Healthcare: Key Financials

Figure 27 Briggs Healthcare: Segmental Revenue

Figure 28 Briggs Healthcare: Geographical Revenue

Figure 29 Polar Electro: Key Financials

Figure 30 Polar Electro: Segmental Revenue

Figure 31 Polar Electro: Geographical Revenue

Figure 31 SUUNTO: Key Financials

Figure 32 SUUNTO: Segmental Revenue

Figure 33 SUUNTO: Geographical Revenue

Figure 34 Koninklijke Philips N.V.: Key Financials

Figure 35 Koninklijke Philips N.V.: Segmental Revenue

Figure 36 Koninklijke Philips N.V.: Geographical Revenue

Figure 37 Garmin Ltd.: Key Financials

Figure 38 Garmin Ltd.: Segmental Revenue

Figure 39 Garmin Ltd.: Geographical Revenue