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Pulished Date February, 2020
ID: 50
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North America Wearable Medical Devices Market Research Report - Segmented By Type, Application and Country (the United States, Canada and Rest of North America) – Size, Share, Trends, Growth, and Forecast (2020 to 2025)

Pulished: February, 2020
ID: 50
Pages: 143

North America Wearable Medical Devices Market Size (2020 to 2025)

The Wearable Medical Devices Market Size in North America was worth USD 2245.05 million in 2020 is expected to grow with a CAGR of 20.42%, to reach USD 5684.85 million by 2025.

It has a predominant share in the global market and continues to be in the future also. Coming to these types of wearable medical devices, the two primary 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 mechanisms, and have smooth and timely sensing abilities. The data generated by wearable medical devices is further analyzed and is used by customers for 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 the wearable devices market in North America. Also, companies catering to specific needs make the market more competitive and more user-friendly by increasing product choices at lower prices. However, wearable medical devices face 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 a few challenges faced by the industry in the current scenario.

North America Wearable Medical Devices Market segmented and sub-segmented into the following categories:

  • By Type: Monitoring and Diagnostic Wearable Device and Therapeutic Wearable Device
  • By Application: Sports and Fitness, Home Healthcare and Patient Monitoring
  • By Country: the United States, Canada, and the Rest of North America.

Based on application, the patient monitoring segment accounted for the highest revenue in 2019 while the sports and fitness market is expected to grow at the fastest rate.

Regionally, the North America region holds the largest market share of the global wearable medical devices market. The United States wearable medical devices market is expected to grow with a tremendous growth rate during the forecast timeline. The market in the United States is mainly driven by the typical rise in chronic diseases such as cancer, diabetes, breathing illness, and many more. Advancements in technology like AI and IoT are integrated with innovative product launches by many critical players who produce profitable outcomes in this region. Increasing customer importance for wearable devices and technologies propel market growth.

The Canadian wearable medical devices market is anticipated to have a healthy CAGR in the upcoming years. Increasing multi-platform functionalities in Canada coupled with growing usage of these wearable devices for biofeedback, the growing adoption of cloud-based technology are majorly pushing the wearable medical devices market in Canada.

Some of the Prominent Companies leading the North America Wearable Medical Devices Market Profiled in the 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 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                                                 


  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. North America Wearable Medical Devices Market, by Region, From 2020 to 2025 (USD Million)
  2. North America Wearable Medical Devices Market, by Diagnostic Wearable Devices, From 2020 to 2025 (USD Million)
  3. North America Wearable Electro Cardiographs Market, by Region, From 2020 to 2025 (USD Million)
  4. North America Wearable Sleep Monitoring Devices Market, by Region, From 2020 to 2025 (USD Million)
  5. North America Heart Rate Monitors Market, by Region, From 2020 to 2025 (USD Million)
  6. North America Blood Pressure Monitors Market, by Region, From 2020 to 2025 (USD Million)
  7. North America Activity Monitors Market, by Region, From 2020 to 2025 (USD Million)
  8. North America Electro Encephalographs Market, by Region, From 2020 to 2025 (USD Million)
  9. North America Wearable Medical Devices Market, by Therapeutic Wearable Devices, From 2020 to 2025 (USD Million)
  10. North America Pain Management Devices Market, by Region, From 2020 to 2025 (USD Million)
  11. North America Glucose/Insulin Monitoring Devices Market, by Region, From 2020 to 2025 (USD Million)
  12. North America Respiratory Therapy Devices Market, by Region, From 2020 to 2025 (USD Million)
  13. North America Wearable Medical Devices Market, by Application, From 2020 to 2025 (USD Million)
  14. North America Sports and Fitness Market, by Region, From 2020 to 2025 (USD Million)
  15. North America Home Healthcare Market, by Region, From 2020 to 2025 (USD Million)
  16. North America Patient Monitoring Market, by Region, From 2020 to 2025 (USD Million)
  17. United States Wearable Medical Devices Market, by Diagnostic Wearable Devices, From 2020 to 2025 (USD Million)
  18. United States Wearable Medical Devices Market, by Therapeutic Wearable Devices, From 2020 to 2025 (USD Million)
  19. United States Wearable Medical Devices Market, by Application, From 2020 to 2025 (USD Million)
  20. Canada Wearable Medical Devices Market, by Diagnostic Wearable Devices, From 2020 to 2025 (USD Million)
  21. Canada Wearable Medical Devices Market, by Therapeutic Wearable Devices, From 2020 to 2025 (USD Million)
  22. Canada Wearable Medical Devices Market, by Application, From 2020 to 2025 (USD Million)

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