Press release
Wearable Vital Signs Measurement Devices Market: Industry Size, Share, Growth, Forecasts 2017 - 2025
"Wearable Vital Signs Measurement Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 " is the latest addition to MarketResearchReports.Biz industry research reports collection.The objectives of this study are as follows:
To define, describe, and forecast the "Wearable Vital Signs Measurement Devices" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Vital signs monitoring devices monitor vital parameters such as blood pressure, heart rate, respiratory rate, oxygen saturation, blood glucose level, and body temperature. Apart from this, monitoring of various other additional signs such as urinary continence, pain, gait speed, shortness of breath, end-tidal carbon-dioxide, etc. are also considered in vital signs measurement depending on the severity of the disease. These devices record information of the patient’s health status time to time and helps to keep track of disease control and treatment progress. They also help minimize the risk of treatment errors and wrong diagnosis. With evolution of technology, wearable vital sign measurement devices are now available in different modalities, attractive designs, and innovative features such as increased battery life, monitoring of more than one parameter by using a single device.
Increasing healthcare awareness, rising healthcare expenditure, and technological advancements are some of the factors fueling growth of the wearable vital sign measurements market. Moreover, innovative solutions offered by leading vendors in the global wearable vital signs measurement devices market to increase the wearing comfort at affordable prices is boosting the growth of the wearable vital sign measurement devices market. However, development of the system with minimal size, and maximum battery life are the factors delaying entry of new products into the market. Moreover, high cost of the products is restraining the growth of the market in developing countries.
The global wearable vital signs measurement devices market can be segmented based on product type and distribution channels. On the basis of product type, the wearable vital sign measurement device market can be categorized into blood pressure monitoring devices, ECG recorder, ECG holter, pulse oximeter, sleep monitor for Obstructive Sleep Apnea (OSA), thermometer, BP tracker, respiration rate measuring devices, respiration effectiveness monitoring devices, body-worn smart clothing, and continuous blood glucose level monitoring devices. Among these, blood pressure monitoring devices, thermometers, and continuous blood glucose monitoring devices are gaining highest market share owing to increasing prevalence of hypertension and diabetes due to changing lifestyles. In terms of distribution channels, the market can be classified into retail sellers and e-commerce.
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Geographically, the global wearable vital signs measurement devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America continues to be the most profitable for vendors operating in the global wearable vital sign measurement devices market owing to significant adoption of technologically advanced products, presence of large number of manufacturers located in the U.S., and high healthcare spending in this region. Europe is the second largest market for wearable vital sign measurement devices owing to increasing geriatric population, growing awareness about physiological fitness among the people in this region leading to rising demand for health monitoring devices, and high per capita spending capacity. Asia Pacific and Latin America are expected to be most lucrative markets for wearable vital sign measurement devices attributed to growing economies, growing population, increasing incidence of lifestyle diseases such as high blood pressure, diabetes, and obesity caused by changing life styles.
The key players operating in the global wearable vital signs measurement devices market include CareTaker LLC., Vital Connect, TDK Corporation, Alere, Nokia, Viatom Technology, GYMWATCH GmbH, Medtronic, Vivometrics Inc, Masimo, and custo med GmbH.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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