Strap/clip/bracelet or watches held substantial shares of around 40.0% in 2014, and is expected to grow at a lucrative rate over the forecast period. Simplified engineering, aesthetically appealing products, and synchronization with mobile application are anticipated to drive this segment's growth.
North America dominated the overall market with approximately 40.0% of shares. This can be attributed to increasing per capita income as well as rising healthcare spending, and advanced healthcare infrastructure and presence of OEM in this region.
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Asia Pacific is projected to grow with a rapid rate of around 32.0% over the forecast period. Economic development coupled with improving healthcare systems is expected to help the industry grow in this region.
Key companies of the wearable medical devices industry include Fitbit Inc., Garmin, Vital Connect, Omron Corp., Sotera Wireless, Jawbone, Pebble Technology Corp., Basis Science, Inc., Withings, Intelesens Ltd., Covidien Plc, LifeWatch AG, Polar Electro, Philips Electronics, and Everist Genomics.
Grand View Research has segmented the global wearable medical device Market on the basis of products and region:
Global Wearable Medical Devices Product Outlook (USD million), 2012 - 2022
Diagnostic devices
Vital sign monitors
Heart rate monitors
Activity monitors
Electrocardiographs
Pulse oximeters
Spirometers
Blood pressure monitors
Other devices
Sleep monitoring devices
Sleep trackers
Wrist actigraphs
Polysomnographs
Other devices
Electrocardiographs Fetal & Obstetric Devices
Neuromonitoring devices
Electroencephalographs (EEG)
Electromyographs (EMG)
Other devices
Therapeutic devices
Pain management device
Neurostimulation device
Other devices
Insulin monitoring device
Insulin pumps
Other devices
Rehabilitation device
Accelerometers
Sensing devices
Ultrasound platforms
Others
Respiratory therapy device
Ventilators
PAP
Portable oxygen concentrators
Other devices
Global Wearable Medical Devices Application Outlook (USD million), 2012 - 2022
Sports & Faintness
Remote Patient Monitoring
Home healthcare
Global Wearable Medical Devices Site Outlook (USD million), 2012 - 2022
Handheld
Headband
Strap, clip, bracelet and watches
Shoe sensors
Others
Wearable Medical Devices Region Outlook (USD million), 2012 - 2020
North America
U.S.
Mexico
Europe
UK
Germany
France
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
MEA
South Africa
Saudi Arabia
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