Wearable Medical Devices: Market Research Report

January 2015 | 187 pages | ID: WF1AA3CFD85EN
Global Industry Analysts, Inc

Abstracts

This report analyzes the worldwide markets for Wearable Medical Devices in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 86 companies including many key and niche players such as -

• Gentag, Inc.
• Google Inc.
• Intel Corporation
• Intelesens Ltd.
• LifeWatch AG

Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW

Wearable Devices: Marking a Revolution in Healthcare
Exciting Growth Ahead
Select Innovations in Medical Wearable Devices in 2015 (1st Half) & 2014
Chronic Diseases Management – A Key Focus Area
Ballooning Global Population Offers Significant Growth Opportunities

Table 1. Ageing (65+) Demographics as % of Total Population by Country (2000, 2011, 2020) (includes corresponding Graph/Chart)

Technological Advances Push Medical Devices to become more Portable
Competition

2. MARKET TRENDS/ISSUES

Internet of Things (IoT) – Crucial for Healthcare
Wearables Attract Venture Capital Funding
Battery Power – An Important Criterion for Success
Companies Make Efforts to Reduce Manufacturing Costs
Stand-Alone Devices to Gain an Edge
Sensor Integration for Advanced Wearable Technology
Ultrasonic Technology Preferred to RF-Based Technology
Industry Moves towards Smartwatches
CVD Management to be Aided by Wearable Devices

Table 2. Global Annual Medical Cost of CVD in US$ Billion (2010-2030) (includes corresponding Graph/Chart)

Pharmaceutical Companies Eye Wearable Drug Delivery Technologies
Wearable CGMS Generate Significant Interest

Table 3. Global Diabetes Mellitus Incidence among Ages 20-79 (2014E & 2035P): Prevalence (in Millions) and Percentage Share by Geographic Region (includes corresponding Graph/Chart)

Table 4. Top Ten Countries Worldwide with the Highest Number of People (in the Age Group 20-79 Years) with Diabetes Mellitus (in Millions): 2014E & 2035P (includes corresponding Graph/Chart)

Wearables Make Diabetes Manageable
Pain Management & Wearables
Current Developments in Pain Management Space
Wearable Defibrillators – Yet to Gain Presence
Smart Hearing Aids Attract Attention
ECG Monitoring Wearables – A Key Focus Area
Developments in Wearable ECG Monitoring
Smart Textile Garments - An Emerging Area of Interest
Smart Clothing Gains Acceptance in Neonatal Monitoring
Wearable Sleep Monitoring Technology
Wearable EEG Monitors
Innovative Wearable for Continuous Fetal Monitoring
Key Issues & Challenges
Major Design Issues of Modern Wearable Medical Device Technology
Privacy Concerns Hinder Adoption
Regulatory Environment
Europe: Regulatory Framework for Medical Devices
Satisfying `Essential Requirements` Is Key
Packaging/ Labelling Requirements

3. PRODUCT OVERVIEW

Wearable Technology: An Overview

Table 5. Global Market for Wearable Technology by End-Use Sector (2015 & 2018E): Percentage Breakdown for Consumer (Fitness/Infotainment), Enterprise & Industrial, Medical, and Others (includes corresponding Graph/Chart)

Wearable Medical Devices
Historical Overview
Ergonomics and Wearability of Wearable Devices
Technical Considerations While Designing Wearables
Powering Wearable Technology
Technologies to Design Wearable Medical Devices
Miniaturization
Standardization

4. PRODUCT LAUNCHES/APPROVALS

University of Tokyo Develops Wearable Temperature Sensor
NXP Semiconductors and Sonova Launch Hearing Device Platform
Bayer Unveils Polycarbonate Blend for Wearable Devices
OmSignal Unveils Smart Shirt with Sensors and Transmission
NeuroMetrix Launches Quell Pain Management Device
Texas Instruments Launches Sensors for Medical Wearables
Welch Allyn and Gentag to Launch Medical Device Communication Technology
Google to Develop Cancer/Stroke Detector
Thync to Launch Wearable Device for the Mind
Philips Launches BlueControl Device to Control Psoriasis
Medtronic Launches Wireless Heart Monitor
iHealth Unveils Wearable Medical Devices
Zephyr, Globe, and Others Introduce WASP Technology

5. RECENT INDUSTRY ACTIVITY

Omron Ventures Acquires Stake in 3D Media
Gentag Collaborates with Mayo Clinic to Develop Wearable Sensors
Seiko Epson Enters Wearable Medical Device Market
Dehaier and WideMed Extend Agreement
Medtronic Acquires Corventis
Covidien Acquires Zephyr
Intel Acquires Basis Sience

6. FOCUS ON SELECT GLOBAL PLAYERS

Gentag, Inc. (US)
Google Inc. (US)
Intel Corporation (US)
Intelesens Ltd. (UK)
LifeWatch AG (Switzerland)
Medtronic Plc (US)
Nuubo (Spain)
Omron Corporation (Japan)
Philips Healthcare (Netherlands)
Polar Electro (Finland)
Sotera Wireless, Inc. (US)
Winmedical Srl (Italy)
Withings SA (France)

7. GLOBAL MARKET PERSPECTIVE

Table 6. World Recent Past, Current & Future Analysis for Wearable Medical Devices by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 7. World 6-Year Perspective for Wearable Medical Devices by Geographic Region - Percentage Breakdown of Value Sales for US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World Markets for Years 2015 & 2020 (includes corresponding Graph/Chart)

III. MARKET

1. THE UNITED STATES

A. Market Analysis
Evolving Healthcare in the US to Drive Demand for Wireless Devices
Reimbursement to Promote Wearable Technology
Wearable Devices to Mitigate Medical Concerns of Seniors

Table 8. US Population by Age Group (2010, 2030 & 2050): Percentage Breakdown by Age Groups - Under 18, 18-64 years & 65+ years (includes corresponding Graph/Chart)

Chronic Disease Management Drives Adoption of Wearables

Table 9. US Healthcare Spending (2006-2020) (in US$ Trillion) (includes corresponding Graph/Chart)

Investors Continue to Pour Funds in Wearables Start-ups
Regulatory Overview
Product Launches
Strategic Corporate Developments
Key Players
B. Market Analytics

Table 10. US Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

2. CANADA

Market Analysis

Table 11. Canadian Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

3. JAPAN

A. Market Analysis

Table 12. Japanese Elderly (65+ Years) Population: 2000-2020 (includes corresponding Graph/Chart)

Product Launch
Strategic Corporate Developments
Key Player - Omron Corporation
B. Market Analytics

Table 13. Japanese Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

4. EUROPE

A. Market Analysis
Regulation-Approved Wearable Devices Popular
Prevalence of Diabetes in Europe: Market Opportunity for Wearable CGM Devices
B. Market Analytics

Table 14. European Recent Past, Current & Future Analysis for Wearable Medical Devices by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 15. European 6-Year Perspective for Wearable Medical Devices by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2015 & 2020 (includes corresponding Graph/Chart)

4A. FRANCE

A. Market Analysis
Key Player - Withings SA
B. Market Analytics

Table 16. French Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

4B. GERMANY

Market Analysis

Table 17. German Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

4C. ITALY

A. Market Analysis
Key Player - Winmedical Srl
B. Market Analytics

Table 18. Italian Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

4D. THE UNITED KINGDOM

A. Market Analysis
Telecare and Elderly Population Requirements – An Overview
Key Player – Intelesens Ltd
B. Market Analytics

Table 19. UK Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

4E. SPAIN

A. Market Analysis
Key Player – Nuubo
B. Market Analytics

Table 20. Spanish Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

4F. RUSSIA

Market Analysis

Table 21. Russian Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

4G. REST OF EUROPE

A. Market Analysis
Product Launches
Key Players
B. Market Analytics

Table 22. Rest of European Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

5. ASIA-PACIFIC

Market Analysis

Table 23. Asia-Pacific Recent Past, Current & Future Analysis for Wearable Medical Devices by Geographic Region - China and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

Table 24. Asia-Pacific 6-Year Perspective for Wearable Medical Devices by Geographic Region - Percentage Breakdown of Value Sales for China and Rest of Asia-Pacific Markets for Years 2015 & 2020 (includes corresponding Graph/Chart)

5A. CHINA

A. Market Analysis
Statistics Favor High Wearable Technology Adoption
Chinese Players Enter the Smart Watch Market
Strategic Corporate Development
B. Market Analytics

Table 25. Chinese Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

5B. REST OF ASIA-PACIFIC

Market Analysis

Table 26. Rest of Asia-Pacific Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

6. LATIN AMERICA

Market Analysis

Table 27. Latin American Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

7. REST OF WORLD

Market Analysis

Table 28. Rest of World Recent Past, Current & Future Analysis for Wearable Medical Devices Market Analyzed with Annual Sales Figures in US$ Million for Years 2014 through 2020 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 86 (including Divisions/Subsidiaries - 89)
The United States (55)
Canada (4)
Japan (1)
Europe (18)
  France (2)
  Germany (2)
  The United Kingdom (4)
  Italy (1)
  Spain (1)
  Rest of Europe (8)
Asia-Pacific (Excluding Japan) (8)
Middle East (3)