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Wearable Healthcare Devices Market worth $58.65 billion by 2030, growing at a CAGR of 12.36% - Exclusive Report by 360iResearch

03-13-2024 08:05 AM CET | Health & Medicine

Press release from: 360iResearch

Wearable Healthcare Devices Market | 360iResearch

Wearable Healthcare Devices Market | 360iResearch

The "Wearable Healthcare Devices Market by Product (Clothing, Ear Wear, Headband), Therapeutic Devices (Insulin Delivery Devices, Pain Management Devices, Rehabilitation Devices), Grade, Channel, Application, End-Use Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Wearable Healthcare Devices Market to grow from USD 25.93 billion in 2023 to USD 58.65 billion by 2030, at a CAGR of 12.36%.

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Wearable healthcare devices are electronic devices that collect, track, and transmit personal health data, providing real-time insights into the wearer's physiological condition. They are designed to be portable, user-friendly, and interconnected, often through wireless technology, which enables data sharing with healthcare professionals or caregivers. Increasing awareness among individuals regarding the advantages of health monitoring and management propels the demand for devices that seamlessly integrate health-tracking capabilities into their daily lives. Wearable healthcare devices, encompassing a broad spectrum from fitness trackers to advanced medical monitoring systems, have become essential tools for health-conscious consumers and patients with chronic conditions. However, the high cost associated with wearable healthcare devices may adversely impact end-users use globally. Moreover, technological advancements to enhance wearable healthcare devices' connectivity, efficiency, and performance are expected to encourage their use by end-use industries globally.

The wearable healthcare devices market is evolving in the Americas owing to the advanced healthcare infrastructure, high health awareness among consumers, and the presence of key manufacturers in the region. The well-established healthcare sector, rising awareness of wearable technologies, and integration of wearables with the healthcare systems are creating immense potential for the wearable healthcare devices market. The Asia-Pacific region represents a growing landscape for the wearable healthcare devices market due to increasing health consciousness, evolving manufacturing capabilities, and technological innovations. Besides, the emphasis on favorable government initiatives for the use of wearable medical instruments is anticipated to encourage the growth of wearable healthcare devices globally.

Market Segmentation & Coverage:

This research report categorizes the Wearable Healthcare Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Clothing, Ear Wear, Headband, Shoe Sensors, Smartwatch, and Trackers. The Shoe Sensors is projected to witness significant market share during forecast period.

Based on Therapeutic Devices, market is studied across Insulin Delivery Devices, Pain Management Devices, Rehabilitation Devices, and Respiratory Therapy Devices. The Pain Management Devices is projected to witness significant market share during forecast period.

Based on Grade, market is studied across Clinical and Consumer. The Consumer is projected to witness significant market share during forecast period.

Based on Channel, market is studied across E-commerce and Pharmacies. The Pharmacies is projected to witness significant market share during forecast period.

Based on Application, market is studied across Cardiac Health, Diabetes Care, General Health & Fitness, Home Healthcare, Obesity Control, and Remote Patient Monitoring. The Remote Patient Monitoring is projected to witness significant market share during forecast period.

Based on End-Use Industry, market is studied across Consumer Electronics, Enterprise & Industrial, Healthcare, and Media & Entertainment. The Healthcare is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.22% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Wearable Healthcare Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Wearable Healthcare Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Wearable Healthcare Devices Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Analog Devices, Inc., Apple Inc., Cala Health, Inc., Contec Medical Systems Co. Ltd., Dexcom Inc., Eli Lilly and Company, Embr Labs, Inc., Esper Bionics Inc., Fitbit Inc., Garmin Ltd., GE HealthCare Technologies Inc., iRhythm Technologies Inc., Koninklijke Philips N.V., Masimo Corporation, MediBioSense Ltd., Medtronic PLC, Neurotech, LLC, OMRON Corporation, Preventice Solutions Inc., Rods&Cones, VitalConnect, Inc., Wearable X Inc., and Ōura Health Oy.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Wearable Healthcare Devices Market, by Product
7. Wearable Healthcare Devices Market, by Therapeutic Devices
8. Wearable Healthcare Devices Market, by Grade
9. Wearable Healthcare Devices Market, by Channel
10. Wearable Healthcare Devices Market, by Application
11. Wearable Healthcare Devices Market, by End-Use Industry
12. Americas Wearable Healthcare Devices Market
13. Asia-Pacific Wearable Healthcare Devices Market
14. Europe, Middle East & Africa Wearable Healthcare Devices Market
15. Competitive Landscape
16. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Wearable Healthcare Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Wearable Healthcare Devices Market?
3. What is the competitive strategic window for opportunities in the Wearable Healthcare Devices Market?
4. What are the technology trends and regulatory frameworks in the Wearable Healthcare Devices Market?
5. What is the market share of the leading vendors in the Wearable Healthcare Devices Market?
6. What modes and strategic moves are considered suitable for entering the Wearable Healthcare Devices Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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