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Pulished Date August, 2021
ID: 11891
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Europe Smart Wearables Market Research Report – Segmented By Product, End User & Country (United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: August, 2021
ID: 11891
Pages: 100

Europe Smart Wearables Market Size (2021 to 2026)

The European smart wearables market size is estimated to be growing at a CAGR of 18.5% from 2021 to 2026.

The market is driven by technological advancements, which increase health awareness. The ease of use and interpretation of data with these devices is also an important factor contributing to the market's growth. The increase in the number of people with chronic diseases and the increase in the geriatric population are the main factors behind the development of remote patient monitoring. Implementing remote patient monitoring (RPM) can improve chronic disease management by measuring critical risk indicators such as blood sugar, blood pressure, etc. With this, patients can use a mobile medical device to perform a routine test and send this data to healthcare professionals in real-time. In addition, technological advancements coupled with the innovation of new products will create lucrative opportunities for the market in the years to come.

According to the Office for National Statistics (UK), around 165 men and 120 women (per 100,000 population) died from respiratory illnesses in England. In addition, the North West of England had the highest respiratory disease death rate for men with almost 195 deaths (per 100,000 population), while the North East had the highest rate for women with 155 deaths (per 100,000 inhabitants). Therefore, the use of respiratory therapy devices should decrease the death rate or which can also help to monitor diseases.

In 2019, UK households purchased around £ 27.6 billion worth of health products and services, including medical and pharmaceutical products and inpatient and outpatient services. According to NHS Digital, 32% of men and 28% of women in the UK lived with high blood pressure. With smart wearable devices playing an important role in inaccurate blood pressure monitoring, the market is expected to gain momentum. In addition, other factors, such as the further development and commercialization of the products and the strengthening of the distribution channels of major product manufacturers, are expected to contribute to the growth of the European smart wearables market.

However, the European smart wearables market is estimated to be restrained by factors such as the lack of reimbursement policies in European regions and tough competition with brand loyalty for major companies.

Impact of COVID-19 on the European Smart Wearables Market:

COVID-19 is expected to negatively impact the wearable technology market supply chain, as some prominent players are based in China, which is the pandemic's epicenter. Additionally, in light of the current situation, smart wearable technology is currently focused on sustaining and generating operating revenue, resulting in fewer developments in the market in 2020. As a result, the impact of COVID-19 is expected to be expected to shrink over the forecast period as many companies have scheduled product launches and associated developments that have been postponed earlier.

This research report on the Europe Smart Wearables market has been segmented and sub-segmented into the following categories:

By Product:

  • Smartwatches
  • Head-mounted Displays​
  • Smart Clothing
  • Ear Worn
  • Fitness Trackers​
  • Body-worn Camera​
  • Exoskeleton​
  • Medical Devices

By Country:

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Geographically, UK and Germany are expected to register a significant market growth rate due to key players in the region and the high pace of technological advancement, while growing health awareness and increasing adoption of wireless technologies will drive market growth in the region.

According to the 2020 report of the German Federal Statistical Office, there are currently around 85 million inhabitants in Germany, of which 17.6 million inhabitants are over 65 years old. This number is expected to reach 22.5 million in 2040 since the number of older people is expected to increase in the near future who are more prone to chronic diseases such as diabetes, cardiovascular diseases, respiratory diseases, neurological diseases, and other diseases, which shows a positive impact on the market during the forecast period.

Other European nations are expecting lucrative growth due to technological advancements and product innovations. Small and medium-sized businesses are increasing their market presence by securing new contracts and entering new markets.

KEY MARKET PARTICIPANTS:

Apple, Covidien Plc, Philips Electronics, Fitbit Inc., LifeWatch AG, Polar Electro, Jawbone, Sotera Wireless, Pebble Technology Corp., Drägerwerk AG & Co. KGaA, Omron Corp., Samsung, Huawei, Lifesense Group, Adidas Group, Qualcomm Technologies, Inc, Sony Corporation, Garmin, Nokia Technologies, Vital Connect, and Everist Genomics are a few of the significant companies operating in the European smart wearables market.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. Smart Wearables Market, By Product
      1. Smartwatches
      2. Head-mounted Displays
      3. Smart Clothing
      4. Ear Worn
      5. Fitness Trackers
      6. Body-worn Camera
      7. Exoskeleton
      8. Medical Devices
      9. Market Size Estimations & Forecasts (2021-2026)                               
      10. Y-o-Y Growth Rate Analysis                                         
      11. Market Attractiveness Index                                       
  7. Geographical Landscape                                                                  
    1. Smart Wearables Market, by Region                                            
    2. Europe                                                   
      1. By Country                                         
        1. UK                        
        2. France                 
        3. Germany                          
        4. Spain                   
        5. Italy                     
        6. Rest of Europe                 
  8. Key Player Analysis                                                             
    1. Apple
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. Covidien Plc
    3. Philips Electronics
    4. Fitbit Inc.
    5. LifeWatch AG
    6. Polar Electro
    7. Jawbone
    8. Sotera Wireless
    9. Pebble Technology Corp.
    10. Drägerwerk AG & Co. KGaA
    11. Omron Corp.
    12. Samsung
    13. Huawei
    14. Lifesense Group
    15. Adidas Group
    16. Qualcomm Technologies, Inc.
    17. Sony Corporation
    18. Garmin
    19. Nokia Technologies
    20. Vital Connect
    21. Everist Genomics
  9. Market Outlook & Investment Opportunities
  10. 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 product 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.
  1. Europe Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  2. Europe Smartwatches Market, By Region, From 2021 to 2026 (USD Billion)
  3. Europe Head-mounted Displays​ Market, By Region, From 2021 to 2026 (USD Billion)
  4. Europe Smart Clothing Market, By Region, From 2021 to 2026 (USD Billion)
  5. Europe Ear Worn Market, By Region, From 2021 to 2026 (USD Billion)
  6. Europe Fitness Trackers​ Market, By Region, From 2021 to 2026 (USD Billion)
  7. Europe Body-worn Camera​ Market, By Region, From 2021 to 2026 (USD Billion)
  8. Europe Exoskeleton​ Market, By Region, From 2021 to 2026 (USD Billion)
  9. Europe Medical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  10. U.K. Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  11. Germany Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  12. France Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  13. Italy Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)
  14. Spain Smart Wearables Market, By Product, From 2021 to 2026 (USD Billion)

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