Europe Wearable Medical Devices Market - Segmented By Product Type, Application, And Region - Global Growth, Trends, And Forecast -2023

Europe Wearable Medical Devices Market - Segmented By Product Type, Application, And Region - Global Growth, Trends, And Forecast -2023

ID: 68 | Pages: 141 | October 2018 | Region: Europe


Europe Wearable Medical Devices Market value and Growth:

Europe Wearable Medical Devices Market value was worth USD 2116.76 million in 2018 and estimated to reach USD 5009.04 million by 2023 growing at a CAGR of 18.80% from the forecasting period 2018 to 2023.

Wearable Medical Devices Market Drivers and Restraints:

The market is showcasing a decent growth in the forecast period. Wearable medical devices are defined as the 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 mechanism and have easy and timely sensing abilities. The data generated by wearable medical devices is analyzed and further used by customers for a better health management.

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 along with rising incidences of chronic diseases amongst all demographics, along with all the factors have led to the increased growth. However, a high cost of wearable devices has resulted in 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 few challenges faced by the industry in the current scenario.

Industry Segmentation Analysis:

The Europe 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 Europe market is analyzed under various regions namely, Spain, Germany, UK, France, Italy. European market holds the second largest market share in the global market for wearable medical devices.

Wearable Medical Devices Market Key Players:

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 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
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  1. Europe Wearable Medical Devices Market by Region, From 2018-2023 (USD Million)
  2. Europe Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  3. Europe Wearable Electro Cardiographs Market by Region, From 2018-2023 (USD Million)
  4. Europe Wearable Sleep Monitoring Devices Market by Region, From 2018-2023 (USD Million)
  5. Europe Heart Rate Monitors Market by Region, From 2018-2023 (USD Million)
  6. Europe Blood Pressure Monitors Market by Region, From 2018-2023 (USD Million)
  7. Europe Activity Monitors Market by Region, From 2018-2023 (USD Million)
  8. Europe Electro Encephalographs Market by Region, From 2018-2023 (USD Million)
  9. Europe Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  10. Europe Pain Management Devices Market by Region, From 2018-2023 (USD Million)
  11. Europe Glucose/Insulin Monitoring Devices Market by Region, From 2018-2023 (USD Million)
  12. Europe Respiratory Therapy Devices Market by Region, From 2018-2023 (USD Million)
  13. Europe Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  14. Europe Sports and Fitness Market by Region, From 2018-2023 (USD Million)
  15. Europe Home Healthcare Market by Region, From 2018-2023 (USD Million)
  16. Europe Patient Monitoring Market by Region, From 2018-2023 (USD Million)
  17. U.K. Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  18. U.K. Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  19. U.K. Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  20. Germany Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  21. Germany Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  22. Germany Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  23. France Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  24. France Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  25. France Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  26. Italy Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  27. Italy Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  28. Italy Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  29. Spain Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  30. Spain Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  31. Spain Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
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