wearable medical devices market to expand at a cagr of 6.9%, by 2026

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Global shipments of wearable medical devices will surpass 106 million in 2016, as rising awareness and disposable income continue to influence healthcare decisions. Global wearable medical device revenues are set to touch US$ 23,980.5 million, witnessing a y-o-y growth of 4.8% in 2016 over 2015.

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  • Wearable Medical Devices Market: Global Industry Analysis and Opportunity Assessment 2016 - 2026

    Report Id : REP-GB-826Published On : March-2016Category : Healthcare, Pharmaceuticals and Medical devices

  • About

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    Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consultingservices. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes,technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC.Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, andRetail.We have a global presence with delivery centers across India specializing in providing global research reports and countryresearch reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India.We combine our knowledge and learning from every corner of the world to distill it to one thing the perfect solution forour client.

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  • Research Methodology (1/2)

    SYSTEMMATIC RESEARCH APPROACH

    In-depth secondary research is used to arrive at

    overall market size, top industry players, top

    products, industry associations, etc

    In order to conduct expert and industry interviews,

    FMI formulates a detailed discussion guide

    List of industry players (manufacturers),

    distributors, retailers, industry experts

    FMI conducts interviews with industry experts,

    industry players, distributors and retailers

    Data is validated by triangulation method, in which

    secondary, primary and FMIs analysis contribute to the final data

    The data is scrutinized using M S-Excel, to find

    qualitative and quantitative insights about the

    industry

    FMI delivers industry insights and information in

    the required format (pdf)

    Market Profiling

    Formulating discussion guide

    Developing list of respondents

    Data Analysis

    Data Validation

    Data Collection

    Insights

    1

    2

    3

    4

    5

    6

    7

    Data Collection

    Data Filter& Analysis

    Research &Intelligence

    ActionableInsights

    BusinessSolution

    A

    C

    B

    Primary Research

    Company Analysis

    Desk Research

    Identifying key opinion leaders

    Questionnaire design

    In depth interviews

    Coverage across value chain

    Market Participants

    Key Strengths

    Product Portfolio

    Mapping as per value chain

    Key focus segments

    Key Industry Experts

    Channel Study

    Developments

    Market Dynamics

    Products

    Conclusions

    SOLUTION

    Primary Research #

    Linkedin Zoominfo Salesforce Hoovers Onesource

    Paid Publications#

    Factiva GBI Genios Meltwater

    Secondary Research #

    Company Websites Company Annual

    Reports White Papers Financial Reports

    # includes sources of databases

  • Wearable Medical Devices Market

    Over 106 Million Wearable Medical Devices will be shipped in 2016

    Global shipments of wearable medical devices will surpass 106 million in 2016, as rising awareness and disposable income continue to influence healthcare decisions. Global wearable medical device revenues are set to touch US$ 23,980.5 million, witnessing a y-o-y growth of 4.8% in 2016 over 2015.

    Increasing prevalence of diseases that require round-the-clock monitoring will continue to ramp up demand for wearable medical devices in 2016. Availability of compact, smartphone-compatible devices is also expected to boost adoption. Although average selling price of these devices is expected to witness a decline in 2016, high price still remains a key constraint for many patients. As technology makes further headway and competition become more intense, wearable medical devices are anticipated to become more affordable in the future.

    Wearable monitoring and diagnostic devices will continue to witness the highest demand in 2016, followed by wearable therapeutic medical devices. However, the latter will continue to account for higher revenues, owing to higher average selling price of these devices. Total shipments of wearable therapeutic medical devices are anticipated to reach 38,637,108 in 2016, representing market value worth US$ 14,543.6 Mn. Sleep apnea devices will continue to be the highest-selling wearable therapeutic medical device, with total shipments expected to reach 34,008,685 in 2016.

  • Wearable Medical Devices Market

    Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-826

    Patient monitoring, home healthcare, and health & fitness will continue to remain the key end use application segments of wearable medical devices in 2016. Demand for wearable medical devices will be strongest in home healthcare segment, with total revenues expected to reach US$ 15,281.5 Mn in 2016. Wearable medical devices are gaining traction in the rapidly growing home healthcare sector, giving care providers and patients access to crucial physiological information.

    Clinics will continue to be the leading distribution channel for wearable medical devices in 2016. Clinics will sell US$ 7,717.0 Mn worth of wearable medical devices in 2016, up from US$ 7,348.4 Mn in 2015. Sales will continue to gain traction through online channels, with total revenues expected to reach US$ 4,669.0 Mn, a y-o-y increase of 4.6% in 2016 over 2015.

    North America will continue to be the largest market, followed by Western Europe and Asia Pacific excluding Japan (APEJ). The North America wearable medical devices market will reach US$ 9,608.7 Mn in 2016, up from US$ 9,143.2 Mn in 2015.

    Request For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-826

  • Wearable Medical Devices Market

    Medtronic plc, Koninklijke Philips N.V., Sonova, and Fitbit Inc. are the leading players in wearable medical device market. Geographical expansion, investment in start-ups and SMEs remains the key business strategy of these players.

    Long-term Strategy: FMI projects the global wearable medical devices market to expand at 6.9% CAGR during the forecast period 2016-2026.

  • Table of Content

    1. Executive Summary

    2. Assumptions and Acronyms

    3. Research Methodology

    4. Wearable Medical Devices Market Overview

    4.1. Introduction4.1.1. Wearable Medical Devices Market Definition4.1.2. Wearable Medical Devices Market Taxonomy4.1.3. Medical Devices Overview

    4.2. Wearable Medical Devices Market Dynamics4.2.1. Drivers4.2.2. Restraints4.2.3. Opportunity

  • Table of Content

    4.3. Volume (Units) by Product

    4.4. Regulations

    5. Global Wearable Medical Devices Market Forecast

    5.1. Market Value (US$ Mn) Forecast5.1.1. Y-o-Y Growth Projections5.1.2. Absolute $ Opportunity

    5.2. Wearable Medical Devices Market Trends

    5.3. Regional Average Pricing Analysis (2015)

    5.4. Global Wearable Medical Devices Market Snapshot (2015)5.4.1. Market Share, By Product

  • Table of Content

    6. Global Wearable Medical Devices Market Analysis, By Product

    6.1. Introduction6.1.1. Y-o-Y Growth Comparison, By Product6.1.2. Market Share & Basis Point (BPS) Analysis, By Product

    6.2. Market Forecast, By Product6.2.1. Wearable Therapeutic Medical Devices

    6.2.1.1. Absolute $ Opportunity6.2.1.2. Market Value (US$ Mn) Forecast

    6.2.1.3. Respiratory Therapy Devices6.2.1.3.1. Ambulatory Ventilation Devices6.2.1.3.2 Sleep Apnea Devices6.2.1.4. Insulin Pumps6.2.1.5. Hearing Aids

  • Table of Content

    6.2.2. Wearable Monitoring and Diagnostic Devices6.2.2.1. Absolute $ Opportunity6.2.2.2. Market Value (US$ Mn) Forecast6.2.2.3. Fetal and Obstetric Devices

    6.2.2.3.1. Wearable Fetal Monitors6.2.2.3.2. Infant Motion Sensing Monitors

    6.2.2.4. Continuous Glucose Monitoring Devices6.2.2.5. Cardiac Monitoring Devices

    6.2.2.5.1. Wearable Heart Rate Monitors6.2.2.5.2. Wearable Pulse Oximeters6.2.2.5.3.. Wearable Blood Pressure Monitors

    6.2.3. Health and Fitness Devices6.2.3.1. Absolute $ Opportunity6.2.3.2. Market Value (US$ Mn) Forecast

    6.3. Market Attractiveness Analysis, By Product

  • Table of Content

    7. Global Wearable Medical Devices Market Analysis, By Application

    7.1. Introduction7.1.1. Y-o-Y Growth Comparison, By Application7.1.2. Market Share & Basis Point (BPS) Analysis, By Application

    7.2. Market Forecast, By Application7.2.1. Patient Monitoring

    For more insights on the Wearable Medical Devices Market , you can request a report sample with full TOC at http://www.futuremarketinsights.com/reports/sample/rep-gb-826

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