The global Wearable Medical Devices Market was valued at USD 14.6 billion in 2019 and is expected to grow at a CAGR of 24.8% during the forecast period. From the demand side, the surge in the population using technology as a health variable, increase in demand for patient-centered care, and current generation’s awareness towards health and fitness. The factors such as personalized treatment, use of big data and machine learning, and rising narrative towards preventive care. Global macro-economic factors such as rise in geriatrics, and emerging low-income countries are expected to be next growth disruptors across the globe.
成长司机
Numerous trends happening in healthcare which are driving the Wearable Medical Devices Market leaping forward. Patient-centered approach has become a key enabler in the adoption of medical wearables. This was possible only due to the concentrated effort on a partnership with the patient throughout their treatment cycle. These wearables had placed both knowledge and control onto the patient’s hand to track their own health metrics and imparting information to healthcare practitioners in defining guideline for an efficient treatment plan. The continued focus on patient-centered approach will bolster the use of medical wearable in the future.
The growing generation using smartphones, often known as “Generation Hashtag”, is naturally inclined towards virtual communication. These digital initiatives are connected via different online environments for entertainment, communication, socializing, and finances. Generation hashtag is open to connected with medical wearable and desired to be the first user in today’s environment of flaunting technology gadgets.
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大数据指的是大量数据,这里医疗数据意味着电子健康和医疗记录(EMR&EHR)。betway体育亚洲版入口这些可穿戴物是在使用软件系统分析大量这些数据的关键工具。像Google和Apple这样的大型技术公司正在开发复杂的算法,以解释从这些设备传感器收集的大量医疗保健数据。betway体育亚洲版入口
Challenges
由于少数供需侧因素,全球医疗穿戴的增长受到抑制或烫伤。从患者的角度来看,数据隐私问题,偿还或可忽略不计的偿还情景,以及设备的高成本。此外,由于缺乏临床证betway体育亚洲版入口据和数据质量差,医疗保健从业者不太可能这些设备。最后,监管机构的缓慢速度也限制了行业的创新。
个人医疗数据的收集betway体育亚洲版入口risky and privacy of that should be forefront. Medical wearable users are concerned about the ownership of their data being used by the third party without their consent. Moreover, data collected with medical wearables is often being stored by cloud storage systems, which are vulnerable to cyberattacks.
该市场主要根据设备类型,申请和按地区的基于设备类型进行分段。
通过设备类型 |
由地点 |
By Application |
By Region |
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Based on the device type, the global market is categorized into diagnostic and therapeutic devices. The diagnostic device is segmented into vital sign monitoring, sleep monitoring, electrocardiographs fetal and obstetric, and neuro-monitoring devices. Vital sign monitoring sub-segment is further bifurcated as heart rate monitoring devices, electrocardiographs, activity monitors, blood pressure monitors, pulse oximeters, spirometers, and others. Sleep monitoring sub-segment is further bifurcated into sleep trackers, polysomnographs, wrist actigraphs, and others. Neuro-monitoring devices segment is further bifurcated into electroencephalographs, electro-myographs, and others. Therapeutic devices are segmented into pain management, insulin/glucose monitoring, rehabilitation, and respiratory therapy devices. Rehabilitation devices is further bifurcated as accelerometers sensing, ultrasounds, and others. Respiratory therapy devices are further bifurcated into positive airway pressure (PAP) devices, ventilators, portable oxygen concentrators, and others. The therapeutic segment projected to exhibit highest growth rate over the study time frame.
Future growth is expected due to the strong pipeline of product launches. Recently in June 2020, the US Food and Drug Administration (FDA) granted approval for the wearable NTX100 neuromodulation therapy, developed by the U.S. based privately owned company, Noctrix Health. The therapy is useful for people suffering with restless leg syndrome (RLS). RLS is the common sleep disorder and currently, it is assumed that more than 10% of the U.S. population is suffering with it, and accounts for around 3 million cases annually. Currently, RLS is predominantly treated with dopaminergic drugs, which has few side effects after treatment.
Based on the site, the global market is bifurcated into a handheld, strap/clip/bracelet, shoe sensors, headband, and others. In 2019, the strap/bracelet segment accounted for the largest share and it is anticipated to retain its dominance over the study period. This high share is attributed to the technological advancements in the worn products with Bluetooth and cloud connectivity exhibiting real-time analysis.
Recently, Huami, a China-based smart wearable technology firm, introduced Amazfit Bip S with improved features and connectivity in January 2020. The upgrade includes 10 sports modes, which tracks cycling, elliptical training, swimming, yoga, running, and walking. It has personal activity intelligence (PAI) system to assess heart activity, which, supports call & message notification, music controls, world clock, weather forecast, and alarm clock.
On the basis of application, the global market is categorized into sports and fitness, remote patient monitoring, and home healthcare. In 2019, the家庭医疗保betway体育亚洲版入口健segment accounted for the largest share among all the segments. The factors responsible for its growth include failure of current healthcare systems, which has fewer beds per population particularly in low-income countries, and the rise of geriatrics seeking home-based medical attention. Moreover, the surge in COVID-19 cases, favorable government initiatives, and longer waiting time in hospitals makes the adoption of home-based healthcare delivery more viable.
Remote patient monitoring估计分部以研究时间帧以最高速率生长。有利于这种增长的高影响因素是远程咨询的进步,并且不断扩大对老年监测的需求。
Geographically, the global wearable medical devices market is bifurcated into North America, Asia Pacific, Europe, Latin America, and MEA. North America is the largest revenue contributor followed by Europe and the Asia Pacific region. In 2019, the North America region accounted for more than 45.0 per cent of the global market.
The factors propelling the growth are rising prevalence of life style related disorders such as diabetes, heart related ailments, and chronic pain. The recent surge in COVID-19 cases also made consumers to focus on real time healthcare monitoring. The presence of technology sound consumers understanding the need for connected technology coupled with high disposable income, positive reimbursement scenario, and well developed insurance coverage increasing the penetration of wearable in the country.
Moreover, many start-ups in the country are focusing on developing wearable to treat unmet needs of diabetes, cardiology, and neurology medical indications. According to the statistics published by the Global Burden of Disease (GBD), in 2016, neurological disorders recorded the second highest mortality rate, after cardiac ailments. In 2017, around one- third of global population suffered with multiple sclerosis, epilepsy, Alzheimer, and migraines. The above population anticipated to increase the penetration of wearable and app development in the next few years.
Asia Pacific region is projected to be the fastest-growing regional market over the study timeframe. The region has many emerging economies which provides a large untapped market to the players operating in the field. With increasing access to technology and large patient pool coupled with booming per capita healthcare expenditure of patient residing in the region. Chinese technology companies are entering in the high potential market to deliver local medical needs, with increased medical attention, fitness-savvy consumers and economic viability of these devices.
全球市场高度集中,少数球员持有大部分份额。突出的玩家是Medtronic PLC,Omron Corp.,Biotelemetry Inc.,Apple,Koninklijke Philips,Dexcom Inc.,Abbott Laboratories,Abbott Labories,Ge Healthcare,Bio-Beat Technologies,Masimo Corporatibetway体育亚洲版入口on,Irhythm Technologies,Inc。,采用防护解决方案,Inc.,Contec Medical Systems Co. Ltd,VitalConnect,Minttihealth,Biotricity Inc.,Cyrcadia Asia Limited。,Garmin Ltd,Xiaomi Technologies,Ten3T Healthcare,Fitbit,Inc。betway体育亚洲版入口和Huawei Corporation。