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Pulished Date February, 2020
ID: 51
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Europe Wearable Medical Devices Market Research Report - Segmented By Type, Application and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU) – Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: February, 2020
ID: 51
Pages: 141

Europe Wearable Medical Devices Market Size (2021 to 2026)

The size of the European Wearable Medical Devices Market is estimated to worth USD 5950.73 million by 2026 and USD 2514.71 million in 2021, growing at a CAGR of 18.8% during the forecast period.

Wearable medical devices are defined as devices with sensors that detect and monitor changes in body signatures like glucose levels, insulin levels, heart diseases, blood pressure ingestion, pain relief, brain activity, hydration, temperature, sleep, etc. Wearable medical devices feature wireless data transmission, real-time feedback, alerting mechanisms, and easy and timely sensing abilities. The data generated by wearable medical devices is analyzed and further used by customers for better health management.

A large user base and significant adoption of mobile products have led to market growth for wearable devices in Europe. Recent advancements in the field have led to compactness, multi-functionality, and easy use of wearable devices. Increasing expenditure on healthcare and rising incidences of chronic diseases amongst all demographics, along with all the factors, have led to increased growth.

Technological advances and health awareness drive the European wearable medical device market. The ease of use and interpretation of data using these devices will propel the demand for market growth. Also, other factors, such as ongoing product development and commercialization and enhancement of distribution channels for major product manufacturers, are expected to contribute to the advanced growth of the European wearable medical device market. Also, in emerging countries, this demographic aging coupled with the growing number of patients provides ample opportunity for widespread adoption of patient monitoring and wearable medical device diagnostics. By 2026, certain economic factors such as rising per capita health spending, developing healthcare infrastructure, and increasing investment by the industrial sector to develop innovative technologies will drive the growth of the wearable medical device market. 

The aging of the population and the exponential growth of chronic illness will provide ample opportunities to accelerate the adoption of these devices, driving the growth of the European wearable medical device market during the forecast period.

However, the high cost of wearable devices has resulted in a slow adoption rate-limiting its potential.  Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are a few challenges the industry faces in the current scenario.

This research report on the European Wearable Medical Devices Market segmented and sub-segmented into the following categories:

By Type: 

  • Wearable Electro-Cardiographs 
  • Wearable Sleep Monitoring devices
  • Heart Rate Monitors
  • Blood Pressure Monitors
  • Activity Monitors
  • Electro Encephalogram

By Therapeutic Wearable Devices: 

  • Pain Management Devices
  • Glucose/Insulin Monitoring Devices
  • Respiratory Therapy Devices

By Application:

  • Sports and Fitness
  • Home Healthcare
  • Patient Monitoring

By Country: 

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

Geographically, in the Europe Wearable Medical Devices Market, the UK, Russia, and France are the major markets for medical wearable devices in Europe. Increased investment in healthcare infrastructure, easy-to-use devices, and the introduction of applications for patient monitoring are further shaping key reasons for the overall growth of the European wearable medical device market.

Europe has the largest market share due to the demand for medical device innovation and the availability of research and development funds. Increasing demand for fitness and health tracking devices will also drive market growth. With the presence of key market players and the overall growth of the healthcare industry, Germany is Europe's largest market for wearable devices.

KEY MARKET PLAYERS:

Some of the promising companies leading the Europe Wearable Medical Devices Market profiled in this report are 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 Kingdom                                                       

                6.2 Germany                                                     

                6.3 France                                                          

                6.4 Italy                                               

                6.5 Spain                                                             

  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
  1. Europe Wearable Medical Devices Market, By Region, From 2021 to 2026 (USD Billion)
  2. Europe Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2021 to 2026 (USD Billion)
  3. Europe Wearable Electro Cardiographs Market, By Region, From 2021 to 2026 (USD Billion)
  4. Europe Wearable Sleep Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  5. Europe Heart Rate Monitors Market, By Region, From 2021 to 2026 (USD Billion)
  6. Europe Blood Pressure Monitors Market, By Region, From 2021 to 2026 (USD Billion)
  7. Europe Activity Monitors Market, By Region, From 2021 to 2026 (USD Billion)
  8. Europe Electro Encephalographs Market, By Region, From 2021 to 2026 (USD Billion)
  9. Europe Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2021 to 2026 (USD Billion)
  10. Europe Pain Management Devices Market, By Region, From 2021 to 2026 (USD Billion)
  11. Europe Glucose/Insulin Monitoring Devices Market, By Region, From 2021 to 2026 (USD Billion)
  12. Europe Respiratory Therapy Devices Market, By Region, From 2021 to 2026 (USD Billion)
  13. Europe Wearable Medical Devices Market, By Application, From 2021 to 2026 (USD Billion)
  14. Europe Sports and Fitness Market, By Region, From 2021 to 2026 (USD Billion)
  15. Europe Home Healthcare Market, By Region, From 2021 to 2026 (USD Billion)
  16. Europe Patient Monitoring Market, By Region, From 2021 to 2026 (USD Billion)
  17. U.K. Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2021 to 2026 (USD Billion)
  18. U.K. Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2021 to 2026 (USD Billion)
  19. U.K. Wearable Medical Devices Market, By Application, From 2021 to 2026 (USD Billion)
  20. Germany Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2021 to 2026 (USD Billion)
  21. Germany Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2021 to 2026 (USD Billion)
  22. Germany Wearable Medical Devices Market, By Application, From 2021 to 2026 (USD Billion)
  23. France Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2021 to 2026 (USD Billion)
  24. France Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2021 to 2026 (USD Billion)
  25. France Wearable Medical Devices Market, By Application, From 2021 to 2026 (USD Billion)
  26. Italy Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2021 to 2026 (USD Billion)
  27. Italy Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2021 to 2026 (USD Billion)
  28. Italy Wearable Medical Devices Market, By Application, From 2021 to 2026 (USD Billion)
  29. Spain Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2021 to 2026 (USD Billion)
  30. Spain Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2021 to 2026 (USD Billion)
  31. Spain Wearable Medical Devices Market, By Application, From 2021 to 2026 (USD Billion)

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