Latin America Wearable Medical Devices Market By - Segmented By Technology, Service, Applications, Mode Of Delivery, And Geography - Growth, Trends, And Forecast (2018 - 2023)

Latin America Wearable Medical Devices Market By - Segmented By Technology, Service, Applications, Mode Of Delivery, And Geography - Growth, Trends, And Forecast (2018 - 2023)

ID: 70 | Pages: 136 | April 2018 | Region: Latin America


The Latin America Wearable Medical Devices Market was worth USD 664.61 Million in 2018 and estimated to be growing at a CAGR of 16.95%, to reach USD 1454.01 million by 2023. 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. Wearable medical devices monitor various health conditions like glucose levels, insulin levels, heart diseases, blood pressure ingestion, pain relief, brain activity, hydration, work rates, temperature, sleep etc.

Increasing expenditure of R&D by firms brought in technological innovations which in turn increased the multi-functionality, ease of use and accessibility of wearable devices resulting in the overall growth of the market. Increase in incidence of chronic diseases along with the demographics of this region made Latin America a lucrative market. Nevertheless, Wearable medical devices market is facing challenges mainly in allocating cost effective monitoring to patients in under-developed countries. Lack of awareness can also be cited as another reason leading to low adoption rate of technology. These factors act as growth hurdles for the wearable technology in 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 Latin 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. Further by geography the market is segmented into countries like Brazil, Argentina and Mexico.

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            

2. 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 

3. Overview                            

                3.1 Executive Summary         

                3.2 Key Inferences 

                3.3 New Developments         

4. 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              

5. Market Segmentation                       

                5.1 By Diagnostic Wearable Devices       

                                5.1.1 Wearable Electro Cardiographs

                                5.1.2 Wearable Sleep  Monitering 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

6. Geographical Analysis                       

                6.4.1 Introduction  

                6.4.2 Brazil             

                6.4.3 Argentina      

                6.4.4 Mexico          

7.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

8.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            

9.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    

10.Expert Opinions                

                10.1 Market Outlook              

                10.2 Investment Opportunities             

Appendix                

                a) List of Tables      

                b) 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. Latin America Wearable Medical Devices Market by Region, From 2018-2023 (USD Million)
  2. Latin America Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  3. Latin America Wearable Electro Cardiographs Market by Region, From 2018-2023 (USD Million)
  4. Latin America Wearable Sleep Monitoring Devices Market by Region, From 2018-2023 (USD Million)
  5. Latin America Heart Rate Monitors Market by Region, From 2018-2023 (USD Million)
  6. Latin America Blood Pressure Monitors Market by Region, From 2018-2023 (USD Million)
  7. Latin America Activity Monitors Market by Region, From 2018-2023 (USD Million)
  8. Latin America Electro Encephalographs Market by Region, From 2018-2023 (USD Million)
  9. Latin America Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  10. Latin America Pain Management Devices Market by Region, From 2018-2023 (USD Million)
  11. Latin America Glucose/Insulin Monitoring Devices Market by Region, From 2018-2023 (USD Million)
  12. Latin America Respiratory Therapy Devices Market by Region, From 2018-2023 (USD Million)
  13. Latin America Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  14. Latin America Sports and Fitness Market by Region, From 2018-2023 (USD Million)
  15. Latin America Home Healthcare Market by Region, From 2018-2023 (USD Million)
  16. Latin America Patient Monitoring Market by Region, From 2018-2023 (USD Million)
  17. Brazil Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  18. Brazil Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  19. Brazil Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  20. Argentina Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  21. Argentina Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  22. Argentina Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  23. Mexico Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  24. Mexico Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  25. Mexico Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
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