North America Wearable Medical Devices Market by Diagnostic Wearable Devices (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) by Therapeutic Wearable Devices (Pain Management Devices, Glucose/Insulin Monitoring Devices and Respiratory Therapy Devices) by Application (Sports and Fitness, Home Healthcare and Patient Monitoring), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

North America Wearable Medical Devices Market by Diagnostic Wearable Devices (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) by Therapeutic Wearable Devices (Pain Management Devices, Glucose/Insulin Monitoring Devices and Respiratory Therapy Devices) by Application (Sports and Fitness, Home Healthcare and Patient Monitoring), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

ID: 67 | Pages: 143 | December 2016 | Region: North America


The North America Wearable Medical Devices Market, which was worth $1.83 billion in 2015 is expected to grow with a CAGR of 18.2%, to reach $4.22 billion by 2020. It has predominant share in the global market and continues to be in future also. Coming to product, the two main purposes of wearable technology are to monitor various bodily markers and to keep the user well informed on health conditions by syncing the relevant data to electronic devices such as smartphones. Wearable medical devices feature wireless data transmission, real time feedback, alerting mechanism and have easy and timely sensing abilities. The data generated by wearable medical devices is further analysed and is used by customers for a better health management. They help monitor several bodily conditions like blood sugar, heart diseases, blood pressure ingestion, pain relief, brain activity, hydration, temperature, sleep etc.

Increasing incidences of chronic conditions like obesity and awareness among people combining with the well-developed economic and technological facilities favor the growth of wearable devices market in North America. Also companies catering for specific needs make the market more competitive and more user friendly by increasing product choices at cheaper prices. However wearable medical devices are facing challenges mainly in allocating cost effective monitoring to patients and providing multi-platform functionality which is expected in well-developed countries like Canada and America. These factors may act as growth hurdles for the wearable technology is this region.  Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are few challenges faced by the industry in current scenario.

The North America market for Wearable medical devices can be broadly categorized into Monitoring and Diagnostic Wearable Device Market (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) and Therapeutic Wearable Device Market (Wearable Pain Management Devices, Glucose/Insulin Monitoring Devices, Wearable Respiratory Therapy Devices). Based on Application, the market is further segmented into Sports and Fitness, Home Healthcare and Patient Monitoring. The remote patient monitoring market accounted for the highest revenue in 2015 while the sports and fitness market is expected to grow at the fastest rate. On the basis of geography, the North America market is analysed under USA and Canada regions. The North America region holds the largest market share of the global wearable medical devices market

Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.

  1. Introduction

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                           

                1.4 General Study Assumptions                                                

  1. Research Methodology

                2.1 Introduction                                                              

                2.2 Analysis Design                                                         

                2.3 Research Phases                                                      

                                2.3.1 Secondary Research                                            

                                2.3.2 Primary Research                                 

                                2.3.3 Econometric Modelling                                     

                                2.3.4 Expert Validation                                  

                2.4 Study Timeline                                                          

  1. Overview

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 New Developments                                                

  1. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                               

  1. Market Segmentation

                5.1 By Diagnostic Wearable Devices                                                        

                                5.1.1 Wearable Electro Cardiographs                                      

                                5.1.2 Wearable Sleep Monitoring devices                                             

                                5.1.3 Heart Rate Monitors                                           

                                5.1.4 Blood Pressure Monitors                                  

                                5.1.5 Activity Monitors                                 

                                5.1.6 Electro Encephalographs                                  

                5.2 By Therapeutic Wearable Devices                                                     

                                5.2.1 Pain Management Devices                               

                                5.2.2 Glucose/Insulin Monitoring Devices                                             

                                5.2.3 Respiratory Therapy Devices                                           

                5.3 By Application                                                           

                                5.3.1 Sports and Fitness                               

                                5.3.2 Home Healthcare                                 

                                5.3.3 Patient Monitoring                                              

  1. Geographical Analysis

                6.1 United States                                                            

                6.2 Canada                                                         

  1. Strategic Analysis

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                      

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                               

                                7.2.5 Competitive Rivalry within the Industry                                      

  1. Market Leaders' Analysis

                8.1 Fitbit                                                             

                                8.1.1 Overview                                

                                8.1.2 Product Analysis                                   

                                8.1.3 Strategic Evaluation and Operations                                            

                                8.1.4 Financial analysis                                  

                                8.1.5 Legal issues                                            

                                8.1.6 Recent Developments                                       

                                8.1.7 SWOT analysis                                       

                                8.1.8 Analyst View                                          

                8.2 Garmin                                                         

                8.3 Jawbone                                                     

                8.4 Polar Electro                                                              

                8.5 Vital connect                                                             

                8.6 Withings SAS                                                             

                8.7 Zephyr Corporation                                                

                8.8 Basis Science                                                             

                8.9 Omron Corporation                                                

                8.10 Drager                                                        

                8.11 Lifewatch AG                                                           

                8.12 Sotera Wireless                                                      

                8.13 Abbott Laboratories                                                             

                8.14 Nuubo                                                       

  1. Competitive Landscape

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                        

                9.3 Agreements, collaborations and Joint Ventures                                                          

                9.4 New Product Launches                                                          

  1. Expert Opinions

                10.1 Market Outlook                                                     

                10.2 Investment Opportunities                                                 

     Appendix                                                                          

  1. List of Tables
  2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. North America Wearable Medical Devices Market by Region, From 2015-2020 (USD Billion)
  2. North America Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2015-2020 (USD Billion)
  3. North America Wearable Electro Cardiographs Market by Region, From 2015-2020 (USD Billion)
  4. North America Wearable Sleep Monitoring devices Market by Region, From 2015-2020 (USD Billion)
  5. North America Heart Rate Monitors Market by Region, From 2015-2020 (USD Billion)
  6. North America Blood Pressure Monitors Market by Region, From 2015-2020 (USD Billion)
  7. North America Activity Monitors Market by Region, From 2015-2020 (USD Billion)
  8. North America Electro Encephalographs Market by Region, From 2015-2020 (USD Billion)
  9. North America Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2015-2020 (USD Billion)
  10. North America Pain Management Devices Market by Region, From 2015-2020 (USD Billion)
  11. North America Glucose/Insulin Monitoring Devices Market by Region, From 2015-2020 (USD Billion)
  12. North America Respiratory Therapy Devices Market by Region, From 2015-2020 (USD Billion)
  13. North America Wearable Medical Devices Market by Application, From 2015-2020 (USD Billion)
  14. North America Sports and Fitness Market by Region, From 2015-2020 (USD Billion)
  15. North America Home Healthcare Market by Region, From 2015-2020 (USD Billion)
  16. North America Patient Monitoring Market by Region, From 2015-2020 (USD Billion)
  17. United States Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2015-2020 (USD Billion)
  18. United States Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2015-2020 (USD Billion)
  19. United States Wearable Medical Devices Market by Application, From 2015-2020 (USD Billion)
  20. Canada Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2015-2020 (USD Billion)
  21. Canada Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2015-2020 (USD Billion)
  22. Canada Wearable Medical Devices Market by Application, From 2015-2020 (USD Billion)
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