Wearable Medical Device Market Research Report – Forecast to 2023

Wearable Medical Device Market Research Report – Forecast to 2023

ID: MRFR/MED/0397-CRR | July, 2018 | Region: Global | 115 pages | Cooked Research Reports

Global Wearable Medical Device Market: Type (Activity Monitors, Smart Watches, Smart Clothing, Patches), Device Type (Diagnostic & Monitoring Devices, Therapeutic Devices), Application (Sports Academies and Fitness, Remote Patient Monitoring, Home Healthcare), Distribution Channel (Pharmacies, Online Channel, Hypermarkets) – Forecast till 2023


Market Snapshot


The global wearable medical device market is expected to increase from USD 7859.4 Mn in 2017 to more than USD 27,200 Mn. Continuous technological innovation in the healthcare has led to development of wearable medical devices that can perform various medical functions. In recent years, such devices have gained significant of popularity, especially in advanced countries where healthcare expenditure is comparatively high. Moreover, increased patient awareness regarding new healthcare technologies has reflected favorably on the global demand for wearable medical device. These devices assist in managing  chronic medical conditions such as asthma, diabetes, and heart diseases by tracking vital signs such as respiration, heart rate, blood oxygen level, and body fat. Factors such as the continuous increase in lifestyle disease, the cost-effectiveness of the devices, and increasingly connected healthcare applications have also fueled the market growth. However, increased incidences of cybercrime and patient data theft is creating severe concerns for the device developers.


Report Overview


This report offers a detailed analysis of the wearable medical devices on a global level. The report discusses all the parameters that are likely to influence the market. The report users will gain access to drivers, restrains and opportunities that are expected to govern the market during the forecast period.  The market has been assessed under type, device type, application, and distribution channel. By type, wearable medical devices such as activity monitors, smart watches, smart clothing, and patches were considered for market sizing. The scope of the discussion also covers therapeutic devices and diagnostic & monitoring devices. The report also highlights key application areas of wearable medical devices, which include sports academies and fitness, remote patient monitoring, and home healthcare. The major distribution channels for wearable medical devices discussed in the report include pharmacies, online channel, and hypermarkets.


Report Coverage


Value, Market Share, Player Analysis, value chain analysis, Porter's five forces model, country level break down for type, device type, application, distribution channel, and region.


Players Covered


Medtronic PLC, Boston Scientific Corporation, Omron Corporation, Fitbit Inc., Philips, Apple Inc., Qualcomm Inc., Honeywell International Inc., LG Electronics Inc., NIKE INC., Motorola Solutions Inc., and Sony Corporation


The report offers insights on leading market players and evaluates their current market share. Details on company information concerning revenue share, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives are available in the report


Research Methodology


The research methodologies employed by Market Research Future are aimed at systemically examining and offering solutions for deep-rooted problems pertaining to industries and markets as well as enabling our clients to understand the viability of entering or further investing in a particular market. Our research analysts rely on carefully chosen methods that deliver the highest level of accuracy related to market conditions on a consistent basis. The use of primary and secondary research approach in a powerful blend leads to the creation of reports that are highly intuitive in terms of the findings that are uncovered. Moreover, the sampling and data collection method carried out by our analysts delivers in depth information about current market scenarios, future trends and up to date strategies followed by market contenders. The engaging of top-down and bottom-up approaches ensure the comprehensiveness of the report while furthering the mandate of high quality market research.


Other Description



  • Market Denomination- USD

  • Base year- 2017

  • Forecast Period- From 2018 to 2023


Intended Audience



  • Medical Devices manufacturers

  • Medical Device suppliers & distributors

  • Research and Development (R&D) Companies

  • Government Research Institutes

  • Academic Institutes and Universities


For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for wearable medical device


Type



  • Activity Monitors

  • Smart Watches

  • Smart Clothing

  • Patches


Device Type



  • Diagnostic & Monitoring Devices

    • Vital Sign Monitoring Devices

    • Glucose Monitoring Devices

    • Neuromonitoring Devices

    • Sleep Monitoring Devices

    • Fetal Monitoring & Obstetric Devices



  • Therapeutic Devices

    • Pain Management Devices

    • Rehabilitation Devices

    • Respiratory Therapy Devices

    • Insulin Pumps




Application



  • Sports Academies and Fitness

  • Remote Patient Monitoring

  • Home Healthcar


Distribution Channel



  • Pharmacies

  • Online Channel

  • Hypermarkets

The global wearable medical devices market has a highly promising future and is expected to witness a notable CAGR of 23% during the assessment period. Projections for the market are highly positive and indicate a strong growth pattern over the review period. In 2017, the market valued USD 7.85 billion and is expected to reach an estimated USD 27.25 billion by the end of 2023. The increase in lifestyle diseases and the convenience of wearable medical devices combined with the proliferation of smartphones are some important drivers for the growth of the global wearable medical devices market.


The integration of IT and telemedicine is widely recognized for its potential to revolutionize the healthcare sector and offer improved quality of healthcare without compromising on cost. Wearable medical devices have a wide range of applications in the medical care sector but are expected to greatly improve the monitoring and treatment of diabetes and other chronic diseases. Use of connected healthcare solutions is expected to offer savings as they cut down on the actual visits required to a medical professional. Furthermore, wearable medical devices provide real-time information, convenient, user-friendly interfaces, and reduced transportation costs. Wearable medical devices allow patients to avail medical benefits in the comfort of their own homes, regardless of barriers such as age, class, and country. The penetration of smartphones across the globe has greatly assisted in the expansion of the wearable medical devices market. Healthcare apps use push notifications or use automated phone calls to remind patients to take their medication and attend appointments, which is useful in effective treatment. As a result, patients are more involved as they can track prescriptions, drug usage details and monitor their own vitals to maintain their health.


A major concern with any IT integrated platform regards privacy. Medical problems are often sensitive, and patients value their privacy with regards to the same. As a result, there is concern regarding deliberate cyber-attacks and wariness of the growing sophistication of the same. In order to meet the FDA standard, many healthcare apps are on standby as a result. Faulty application and problems with transmission of critical health data are some other factors that pose a challenge to market growth and may restrain market growth. However, companies are adopting a partnership strategy, and this strategy is expected to be conducive to the entry of newcomers. Collaborations between market leaders are leading to the development of well-rounded healthcare apps that plays to complementary strengths of both collaborators.


The global wearable medical devices market is segmented on the basis of type, device type, application, distribution channel, and region. By type, the market is segmented into a wearable medical device includes activity monitors, smart watches, smart clothing, and patches. Activity monitors have the largest share of the total market due to their extensive use to monitor lifestyle diseases such as diabetes. However, the smart clothing segment is expected to witness the highest CAGR as the awareness regarding fitness trackers for sports and fitness related tracking needs.


By device type, the market is segmented into diagnostic & monitoring devices, and therapeutic devices.  Further sub-segmentation is available in the report. The diagnostic and monitoring devices segment has the largest share of the global market due to the growing use of such devices and the increasing prevalence of lifestyle diseases. These devices are widely available and are extensively used, and vital sign monitoring devices are the sub-segment to watch during the forecast period. Meanwhile, therapeutic devices are gaining traction due to the growing demand for effective treatment options. Pain management devices presently account for the largest sub-segment under therapeutic devices.


By application, the market is segmented into sports academies and fitness, remote patient monitoring and home healthcare. The sports & fitness segment accounts for the most significant share of the total market. Home healthcare is expected to grow rapidly during the forecast period due to the increasing use of wearables by the geriatric population in homecare settings.


By distribution channel, the market is segmented into, pharmacies, online channel, and hypermarkets. Pharmacies are the leading segment in the market. However, the online distribution channel is expected to grow rapidly during the forecast period and witness a CAGR of 23.7%. The increasing popularity of e-commerce offers a global platform for the sales of wearable medical devices allowing consumers to choose from a wide range.


Regional Analysis


The Americas, led by the US, account for the most significant regional market segment due to the presence of a massive obese and diabetic population. Moreover, there is a high concentration of market players in the region, and high adoption of the latest in healthcare technology are some other factors that have propelled the market into a leading position in the global market.


The Asia-Pacific is expected to be the fastest growing regional market in the global wearable medical devices market. The presence of a huge population base and significant opportunities for development of the market in the region due to vastly unrealized potential are key drivers of growth for the region. Moreover, rapid urbanization of the region has resulted in a gradual rise in incidences of lifestyle diseases and chronic diseases, thus increasing the demand for wearable medical devices.


Competitive Tracking


Based on the market review, the key players identified includes Fitbit Inc, Philips, Apple Inc., Qualcomm Inc., Honeywell International Inc., Omron Corporation, Boston Scientific Corporation, and Medtronic PLC. Other prominent players in the market include Nike Inc., Motorola Solutions Inc., Sony Corporation and LG Electronics. Collaborations, the filing of patents, and the development of innovative products are some of the market strategies employed by the players mentioned above.

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TABLE OF CONTENTS

3.1 Scope of the Study 21

3.2 Research Objective 21

3.3 List of Assumptions 21

3.4 Market Structure 22

4.1 Research Process 24

4.2 Primary Research 25

4.3 Secondary Research 26

4.4 Market Size Estimation 27

4.5 Forecast Model 27

5.1 Introduction 29

5.2 Drivers 30

5.2.1 The proliferation of smartphones and wearable medical devices into healthcare 30

5.2.2 Connected healthcare applications have increased the involvement of the patient population 30

5.2.3 Cost-effectiveness and patients' convenience will drive the wearable medical devices market 31

5.2.4 A continuous increase in lifestyle disease has led to the development of personalized healthcare solutions 31

5.3 Restraints 32

5.3.1 Increasing privacy and cybercrimes restrain the growth of the wearable medical devices market 32

5.3.2 Lack of awareness about the possible applications of connected healthcare 32

5.3.3 Reluctance to share information regarding the health has limited the growth of the market 32

5.4 Opportunities 33

5.4.1 Growing partnerships between the companies have become the entrance gateway for new firms 33

5.4.2 Introduction of connected healthcare in developing economies will boost the growth of the

connected healthcare 33

6.1 Porter’s Five Forces Model 35

6.1.1 Threat of New Entrants 36

6.1.2 Bargaining Power of Suppliers 36

6.1.3 Bargaining Power of Buyers 36

6.1.4 Threat of Substitutes 36

6.1.5 Intensity of Rivalry 37

6.2 Value Chain Analysis 38

6.2.1 Device Manufacturers 38

6.2.2 App Developers 38

6.2.3 Network Providers/Mobile Operators 39

6.2.4 Healthcare Providers and Pharmaceuticals 39

6.2.5 Patients 39

7.1 Overview 41

7.1.1 Activity Monitors 42

7.1.2 Smart Watches 43

7.1.3 Smart Clothing 43

7.1.4 Patches 44

8.1 Overview 46

8.1.1 Diagnostic & Monitoring Devices 47

8.1.2 Therapeutic Devices 50

9.1 Overview 54

9.1.1 Sports Academies and Fitness 55

9.1.2 Remote Patient Monitoring 56

9.1.3 Home Healthcare 56


10.1 Overview 58

10.1.1 Pharmacies 59

10.1.2 Online Channel 59

10.1.3 Hypermarkets 60

11.1 Overview 62

11.1.1 Americas 63

11.1.2 North America 66

11.1.3 South America 73

11.1.4 Europe 75

11.1.5 Western Europe 78

11.1.6 Eastern Europe 92

11.1.7 Asia Pacific 94

11.1.8 The Middle East and Africa 109


12.1 Company Market Share Analysis 117

12.1.1 Introduction 117

12.2 Competitive Landscape 118

12.2.1 Introduction 118

12.2.2 Acquisitions 118

12.2.3 Partnerships, Agreements, and Collaborations 119

12.3 Key Developments 119

13.1 Apple Inc. 123

13.1.1 Company Overview 123

13.1.2 Financial Overview 123

13.1.3 Products Offering 124

13.1.4 Key Developments 124

13.1.5 SWOT Analysis 124

13.1.6 Key Strategy 124

13.2 Fitbit, Inc. 125

13.2.1 Company Overview 125

13.2.2 Financial Overview 125

13.2.3 Products Offering 126

13.2.4 Key Developments 126

13.2.5 SWOT Analysis 126

13.2.6 Key Strategy 126

13.3 Honeywell International Inc. 127

13.3.1 Company Overview 127

13.3.2 Financial Overview 127

13.3.3 Products Offering 128

13.3.4 Key Developments 128

13.3.5 SWOT Analysis 128

13.3.6 Key Strategy 128

13.4 Koninklijke Philips N.V. 129

13.4.1 Company Overview 129

13.4.2 Financial Overview 129

13.4.3 Products Offering 130

13.4.4 Key Developments 130

13.4.5 SWOT Analysis 130

13.4.6 Key Strategy 130

13.5 LG Electronics Inc. 131

13.5.1 Company Overview 131

13.5.2 Financial Overview 131

13.5.3 Products Offering 131

13.5.4 Key Developments 132

13.5.5 SWOT Analysis 132

13.5.6 Key Strategy 132

13.6 NIKE INC. 133

13.6.1 Company Overview 133

13.6.2 Financial Overview 133

13.6.3 Products Offering 134

13.6.4 Key Developments 134

13.6.5 SWOT Analysis 134

13.6.6 Key Strategy 134

13.7 Motorola Solutions Inc. 135

13.7.1 Company Overview 135

13.7.2 Financial Overview 135

13.7.3 Products Offering 136

13.7.4 Key Developments 136

13.7.5 SWOT Analysis 136

13.7.6 Key Strategy 136

13.8 Qualcomm Inc. 137

13.8.1 Company Overview 137

13.8.2 Financial Overview 137

13.8.3 Products Offering 138

13.8.4 Key Developments 138

13.8.5 SWOT Analysis 138

13.8.6 Key Strategy 138

13.9 Sony Corporation 139

13.9.1 Company Overview 139

13.9.2 Financial Overview 139

13.9.3 Products Offering 140

13.9.4 Key Developments 140

13.9.5 SWOT Analysis 140

13.9.6 Key Strategy 140

13.10 Omron Corporation 141

13.10.1 Company Overview 141

13.10.2 Financial Overview 141

13.10.3 Products Offering 142

13.10.4 Key Developments 142

13.10.5 SWOT Analysis 142

13.10.6 Key Strategy 142

13.11 Boston Scientific Corporation 143

13.11.1 Company Overview 143

13.11.2 Financial Overview 143

13.11.3 Products Offering 144

13.11.4 Key Developments 144

13.11.5 SWOT Analysis 144

13.11.6 Key Strategy 144

13.12 Medtronic PLC 145

13.12.1 Company Overview 145

13.12.2 Financial Overview 145

13.12.3 Products Offering 146

13.12.4 Key Developments 146

13.12.5 SWOT Analysis 146

13.12.6 Key Strategy 146

14.1 Discussion Blue Print 148

TABLE 1 MARKET SYNOPSIS 19

TABLE 2 LIST OF ASSUMPTIONS 21

TABLE 1 PRIMARY INTERVIEWS 24

TABLE 2 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 41

TABLE 3 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR ACTIVITY MONITORS, BY REGION, 2015-2023 (USD MILLION) 42

TABLE 4 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR SMART WATCHES, BY REGION, 2015-2023 (USD MILLION) 43

TABLE 5 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR SMART CLOTHING, BY REGION, 2015-2023 (USD MILLION) 44

TABLE 6 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR PATCHES, BY REGION, 2015-2023 (USD MILLION) 44

TABLE 7 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 46

TABLE 8 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 47

TABLE 9 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY REGION,

2015-2023 (USD MILLION) 47

TABLE 10 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR VITAL SIGN MONITORING DEVICES, BY REGION,

2015-2023 (USD MILLION) 48

TABLE 11 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR GLUCOSE MONITORING DEVICES, BY REGION, 2015-2023 (USD MILLION) 48

TABLE 12 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR NEUROMONITORING DEVICES, BY REGION, 2015-2023 (USD MILLION) 48

TABLE 13 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR SLEEP MONITORING DEVICES, BY REGION, 2015-2023 (USD MILLION) 49

TABLE 14 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR FETAL MONITORING & OBSTETRIC DEVICES, BY REGION,

2015-2023 (USD MILLION) 49

TABLE 15 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE, BY BY TYPE, 2015-2023 (USD MILLION) 50

TABLE 16 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE, BY REGION, 2015-2023 (USD MILLION) 50

TABLE 17 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE, BY REGION, 2015-2023 (USD MILLION) 51

TABLE 18 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE, BY REGION, 2015-2023 (USD MILLION) 51

TABLE 19 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE, BY REGION, 2015-2023 (USD MILLION) 51

TABLE 20 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE, BY REGION, 2015-2023 (USD MILLION) 52

TABLE 21 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 54

TABLE 22 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR SPORTS & FITNESS, BY REGION, 2015-2023 (USD MILLION) 55

TABLE 23 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR REMOTE PATIENT MONITORING, BY REGION, 2015-2023 (USD MILLION) 56

TABLE 24 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR HOME HEALTHCARE, BY REGION, 2015-2023 (USD MILLION) 56

TABLE 25 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 58

TABLE 26 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR PHARMACIES, BY REGION, 2015-2023 (USD MILLION) 59

TABLE 27 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR ONLINE CHANNEL, BY REGION, 2015-2023 (USD MILLION) 59

TABLE 28 GLOBAL WEARABLE MEDICAL DEVICES MARKET FOR HYPERMARKETS, BY REGION, 2015-2023 (USD MILLION) 60

TABLE 29 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY REGION, 2015-2023 (USD MILLION) 62

TABLE 30 AMERICAS WEARABLE MEDICAL DEVICES MARKET SHARE, BY REGION, 2017 (%) 63

TABLE 31 AMERICAS WEARABLE MEDICAL DEVICES MARKET, BY REGION, 2015-2023 (USD MILLION) 63

TABLE 32 AMERICAS WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 63

TABLE 33 AMERICAS WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 64

TABLE 34 AMERICAS WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 64

TABLE 35 AMERICAS WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 64

TABLE 36 AMERICAS WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 65

TABLE 37 AMERICAS WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 65

TABLE 38 NORTH AMERICA WEARABLE MEDICAL DEVICES MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 66

TABLE 39 NORTH AMERICA WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 66

TABLE 40 NORTH AMERICA WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 67

TABLE 41 NORTH AMERICA WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 67

TABLE 42 NORTH AMERICA WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE,

2015-2023 (USD MILLION) 67

TABLE 43 NORTH AMERICA WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 68

TABLE 44 NORTH AMERICA WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 68

TABLE 45 U.S. WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 69

TABLE 46 U.S. WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 69

TABLE 47 U.S. WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE, 2015-2023 (USD MILLION) 69

TABLE 48 U.S. WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 70

TABLE 49 U.S. WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 70

TABLE 50 U.S. WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 70

TABLE 51 CANADA WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 71

TABLE 52 CANADA WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 71

TABLE 53 CANADA WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 71

TABLE 54 CANADA WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 72

TABLE 55 CANADA WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 72

TABLE 56 CANADA WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 72

TABLE 57 SOUTH AMERICA WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 73

TABLE 58 SOUTH AMERICA WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 73

TABLE 59 SOUTH AMERICA WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 73

TABLE 60 SOUTH AMERICA WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE,

2015-2023 (USD MILLION) 74

TABLE 61 SOUTH AMERICA WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 74

TABLE 62 SOUTH AMERICA WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 74

TABLE 63 EUROPE WEARABLE MEDICAL DEVICES MARKET, BY REGION, 2015-2023 (USD MILLION) 75

TABLE 64 EUROPE WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 75

TABLE 65 EUROPE WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 76

TABLE 66 EUROPE WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE, 2015-2023 (USD MILLION) 76

TABLE 67 EUROPE WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 76

TABLE 68 EUROPE WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 77

TABLE 69 EUROPE WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 77

TABLE 70 WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 78

TABLE 71 WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 78

TABLE 72 WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 78

TABLE 73 WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 79

TABLE 74 WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE,

2015-2023 (USD MILLION) 79

TABLE 75 WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 79

TABLE 76 WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 80

TABLE 77 GERMANY WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 80

TABLE 78 GERMANY WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 80

TABLE 79 GERMANY WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 81

TABLE 80 GERMANY WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 81

TABLE 81 GERMANY WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 81

TABLE 82 GERMANY WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 82

TABLE 83 FRANCE WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 82

TABLE 84 FRANCE WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 82

TABLE 85 FRANCE WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 83

TABLE 86 FRANCE WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 83

TABLE 87 FRANCE WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 83

TABLE 88 FRANCE WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 84

TABLE 89 U.K WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 84

TABLE 90 U.K WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 84

TABLE 91 U.K WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE, 2015-2023 (USD MILLION) 85

TABLE 92 U.K WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 85

TABLE 93 U.K WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 85

TABLE 94 U.K WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 86

TABLE 95 ITALY WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 86

TABLE 96 ITALY WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 86

TABLE 97 ITALY WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE, 2015-2023 (USD MILLION) 87

TABLE 98 ITALY WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 87

TABLE 99 ITALY WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 87

TABLE 100 ITALY WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 88

TABLE 101 SPAIN WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 88

TABLE 102 SPAIN WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 88

TABLE 103 SPAIN WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE, 2015-2023 (USD MILLION) 89

TABLE 104 SPAIN WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 89

TABLE 105 SPAIN WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 90

TABLE 106 REST OF WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 90

TABLE 107 REST OF WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 90

TABLE 108 REST OF WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 91

TABLE 109 REST OF WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE,

2015-2023 (USD MILLION) 91

TABLE 110 REST OF WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 91

TABLE 111 REST OF WESTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 92

TABLE 112 EASTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 92

TABLE 113 EASTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 92

TABLE 114 EASTERN EUROPE WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 93

TABLE 115 EASTERN EUROPE WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE,

2015-2023 (USD MILLION) 93

TABLE 116 EASTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 93

TABLE 117 EASTERN EUROPE WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 94

TABLE 118 ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 95

TABLE 119 ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET SHARE, BY REGION, 2017 (%) 95

TABLE 120 ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 95

TABLE 121 ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 96

TABLE 122 ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 96

TABLE 123 ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 96

TABLE 124 ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 97

TABLE 125 JAPAN WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 97

TABLE 126 JAPAN WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 97

TABLE 127 JAPAN WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 98

TABLE 128 JAPAN WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 98

TABLE 129 JAPAN WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 98

TABLE 130 JAPAN WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 99

TABLE 131 CHINA WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 99

TABLE 132 CHINA WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 99

TABLE 133 CHINA WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE, 2015-2023 (USD MILLION) 100

TABLE 134 CHINA WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 100

TABLE 135 CHINA WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 100

TABLE 136 CHINA WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 101

TABLE 137 INDIA WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 101

TABLE 138 INDIA WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 101

TABLE 139 INDIA WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE, 2015-2023 (USD MILLION) 102

TABLE 140 INDIA WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 102

TABLE 141 INDIA WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 102

TABLE 142 INDIA WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 103

TABLE 143 AUSTRALIA WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 103

TABLE 144 AUSTRALIA WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 103

TABLE 145 AUSTRALIA WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 104

TABLE 146 AUSTRALIA WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 104

TABLE 147 AUSTRALIA WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 104

TABLE 148 AUSTRALIA WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 105

TABLE 149 REPUBLIC OF KOREA WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 105

TABLE 150 REPUBLIC OF KOREA WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 105

TABLE 151 REPUBLIC OF KOREA WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 106

TABLE 152 REPUBLIC OF KOREA WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE,

2015-2023 (USD MILLION) 106

TABLE 153 REPUBLIC OF KOREA WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 106

TABLE 154 REPUBLIC OF KOREA WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 107

TABLE 155 REST OF ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 107

TABLE 156 REST OF ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 107

TABLE 157 REST OF ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 108

TABLE 158 REST OF ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE,

2015-2023 (USD MILLION) 108

TABLE 159 REST OF ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 108

TABLE 160 REST OF ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 109

TABLE 161 MIDDLE EAST & AFRICA WEARABLE MEDICAL DEVICES MARKET, BY REGION, 2015-2023 (USD MILLION) 109

TABLE 162 MIDDLE EAST & AFRICA WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 110

TABLE 163 MIDDLE EAST & AFRICA WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 110

TABLE 164 MIDDLE EAST & AFRICA WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 110

TABLE 165 MIDDLE EAST & AFRICA WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE,

2015-2023 (USD MILLION) 111

TABLE 166 MIDDLE EAST & AFRICA WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 111

TABLE 167 MIDDLE EAST & AFRICA WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 111

TABLE 168 MIDDLE EAST WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 112

TABLE 169 MIDDLE EAST WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 112

TABLE 170 MIDDLE EAST WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 112

TABLE 171 MIDDLE EAST WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 113

TABLE 172 MIDDLE EAST WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 113

TABLE 173 MIDDLE EAST WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 113

TABLE 174 AFRICA WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2015-2023 (USD MILLION) 114

TABLE 175 AFRICA WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2015-2023 (USD MILLION) 114

TABLE 176 AFRICA WEARABLE MEDICAL DEVICES MARKET FOR DIAGNOSTIC & MONITORING DEVICE, BY TYPE,

2015-2023 (USD MILLION) 114

TABLE 177 AFRICA WEARABLE MEDICAL DEVICES MARKET FOR THERAPEUTIC DEVICE TYPE, BY TYPE, 2015-2023 (USD MILLION) 115

TABLE 178 AFRICA WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 115

TABLE 179 AFRICA WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2015-2023 (USD MILLION) 115

TABLE 180 GLOBAL WEARABLE DEVICES MARKET: KEY DEVELOPMENT 119

FIGURE 1 GLOBAL WEARABLE MEDICAL DEVICE MARKET: MARKET STRUCTURE 22

FIGURE 2 RESEARCH PROCESS 24

FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACH 27

FIGURE 4 GLOBAL WEARABLE MEDICAL DEVICE MARKET: MARKET DYNAMICS 29

FIGURE 5 PORTER’S FIVE FORCES ANALYSIS: GLOBAL WEARABLE DEVICES MARKET 35

FIGURE 6 SUPPLY CHAIN: WEARABLE DEVICES MARKET 38

FIGURE 7 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY TYPE, 2017 & 2023 (USD MILLION) 41

FIGURE 8 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY DEVICE TYPE, 2017 & 2023 (USD MILLION) 46

FIGURE 9 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION, 2017 & 2023 (USD MILLION) 54

FIGURE 10 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL, 2017 & 2023 (USD MILLION) 58

FIGURE 11 GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY REGION, 2017 & 2023 (USD MILLION) 62

FIGURE 12 NORTH AMERICA WEARABLE MEDICAL DEVICES MARKET SHARE, BY COUNTRY, 2017 (%) 66

FIGURE 13 EUROPE WEARABLE MEDICAL DEVICES MARKET SHARE, BY REGION, 2017 (%) 75

FIGURE 14 ASIA PACIFIC WEARABLE MEDICAL DEVICES MARKET SHARE, BY COUNTRY, 2017 (%) 94

FIGURE 15 MIDDLE EAST & AFRICA WEARABLE MEDICAL DEVICES MARKET SHARE, BY REGION, 2017 (%) 109

FIGURE 16 GLOBAL WEARABLE DEVICES MARKET, MARKET SHARE ANALYSIS 2017 (%) 117

FIGURE 17 COMPETITIVE ANALYSIS 119



Global Wearable Medical Device Market: Competitive Landscape


Fit bit Inc., Omron Corporation, Philips collectively accounted for more than 28% of the market share of the global wearable medical device market in 2016. These companies continue to retain their strong global presence through expansion, merger & acquisition, and extensive product portfolio.


Fit bit Inc. is an American company known for its wireless products which include wireless-enabled wearable technology devices that are used especially for activity tracking, that measure data such as heart rate, quality of sleep, and other personal metrics involved in fitness. The first product released was the Fit bit Tracker. The company was formerly known as Healthy Metrics Research, Inc. until 2007.


Koninklijke Philips N.V. accounted for the second market share for the global wearable medical device market owing to the high demand for healthcare devices across the globe. The company operates through personal health, diagnostic devices, connected care, health tech, health informatics, and other fields. The firm is a leading medical device-based company that develops, manufactures and sells medical devices such as POCT, imaging and therapy devices. Moreover, this company has a strong sales and distribution network as well as they provide after-sales services and support, which play a major role in the customers’ satisfaction. For instance, in June 2016, Philips launched CarePoint 5.0 which is an intuitive wireless health technology solution to enhance resident safety and response in senior living communities. It is a powerful, integrated, intuitive resident safety and wanders management system used by thousands of senior living communities across the U.S. and Canada to help keep their residents safe.


Omron Corporation manufactures & distributes healthcare and personal wellness products. The company holds the third position in terms of market share in 2017. The company offers blood pressure monitors, including wrist blood pressure monitors, & blood pressure accessories; fitness devices, such as pedometers and activity trackers, scales, body composition monitors, and fitness accessories; and various products used for healthcare professionals. The company offers its products online, as well as through authorized distributors and retailers, and various online retailers.


Medtronic, Inc. manufactures and sells device-based medical therapies. The company manufactures image-guided surgery and intra-operative imaging systems. Its products include electrophysiology catheters, and implantable neurostimulation therapies; and drug delivery systems for the treatment of chronic pain, and other disorders.


Stryker Corporation has a significant product portfolio for bone grafts including the products like Vitoss, HydroSet, and Cortoss, etc. The company has a wide geographic presence and also a strong sales & distribution network which has helped the company gain its position in the market. For instance, the Stryker Corporation, to enhance its business, acquired companies such as Novadaq Technologies Inc. in 2017, Physio-Control International Inc., in 2016; and some other companies in the recent past.


The global wearable medical device market is a steady market and involves the manufacturing of the various types of fitness trackers, wearable patch, and clothes. Hence, the market is not completely dominated by any one or two players but fairly divided among the top fitness devices & wearable device manufacturing companies. Many leading players are focusing on the Americas and European markets owing to well-established markets, huge patient population, and high healthcare expenditures. These players have expanded their market in other regions as well. Major companies have a huge brand identity and product portfolio. These companies have adopted the organic strategy of product launches and acquisitions to gain the market. These strategies implied by the players in this market is continuous innovation and development of the new and better products to beat the opponents and strive in this big market.