Wearable Medical Devices

Wearable Medical Devices - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Aug 19, 2015, 187 Pages
US$4,500.00
GIA-MCP7956

Industry Trend Towards Cost-Effective Care Drives the Global Market for Wearable Medical Devices

The global wearable devices market continues to gain momentum from the rapid adoption of these devices among patients, and launch of innovative devices that are user-friendly and unobtrusive. In addition to alerting the patients to take timely medications, wearable devices present an attractive, efficient platform for physicians and patients to share health data and collaborate on effective health strategies. Wearable devices are designed to transmit data regarding disease markers and organ function to physicians. These vital parameters provide medical professionals with comprehensive information while making diagnosis or monitoring a chronic medical condition. Wearable medical devices thus offer efficient care and reduce hospital-based expenditure in the process. In the coming years, the technology is expected to play a critical role in improving healthcare services.

Wearable medical devices are connected・devices, with features such as wireless data transmission, real-time feedback, alerting mechanism, and more. Data generated by wearable devices, enabled with analytics, is used by consumers for better health management, and by healthcare providers for better care that minimizes in-person consultation costs. Miniaturization of sensor technology and development of wireless communication and computation technology have enabled the shift of clinical monitoring beyond hospitals to homes or outdoors. Wearable medical devices are also helpful to pharmaceutical companies for conducting efficient clinical trials to gather data remotely, and for insurers to provide outcome-based reimbursement.

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

TABLE OF CONTENTS

 I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Wearable Devices: Marking a Revolution in Healthcare              II-1
      Exciting Growth Ahead                                             II-2
      Select Innovations in Medical Wearable Devices in 2015 (1st
       Half) & 2014                                                     II-3
      Chronic Diseases Management - A Key Focus Area                    II-4
      Ballooning Global Population Offers Significant Growth
       Opportunities                                                    II-5
       Table 1: Ageing (65+) Demographics as % of Total Population
       by Country (2000, 2011, 2020) (includes corresponding
       Graph/Chart)                                                     II-6
      Technological Advances Push Medical Devices to become more
       Portable                                                         II-6
      Competition                                                       II-7

  2. MARKET TRENDS/ISSUES                                               II-8
      Internet of Things (IoT) - Crucial for Healthcare                 II-8
      Wearables Attract Venture Capital Funding                         II-9
      Battery Power - An Important Criterion for Success                II-10
      Companies Make Efforts to Reduce Manufacturing Costs              II-11
      Stand-Alone Devices to Gain an Edge                               II-11
      Sensor Integration for Advanced Wearable Technology               II-11
      Ultrasonic Technology Preferred to RF-Based Technology            II-12
      Industry Moves towards Smartwatches                               II-12
      CVD Management to be Aided by Wearable Devices                    II-13
       Table 2: Global Annual Medical Cost of CVD in US$ Billion
       (2010-2030) (includes corresponding Graph/Chart)                 II-14
      Pharmaceutical Companies Eye Wearable Drug Delivery Technologies  II-14
      Wearable CGMS Generate Significant Interest                       II-15
       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)                                                     II-16

       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)                                                     II-17
      Wearables Make Diabetes Manageable                                II-17
      Pain Management & Wearables                                       II-18
       Current Developments in Pain Management Space                    II-19
      Wearable Defibrillators - Yet to Gain Presence                    II-19
      Smart Hearing Aids Attract Attention                              II-20
      ECG Monitoring Wearables - A Key Focus Area                       II-20
      Developments in Wearable ECG Monitoring                           II-21
      Smart Textile Garments - An Emerging Area of Interest             II-21
       Smart Clothing Gains Acceptance in Neonatal Monitoring           II-22
      Wearable Sleep Monitoring Technology                              II-23
      Wearable EEG Monitors                                             II-23
       Innovative Wearable for Continuous Fetal Monitoring              II-24
      Key Issues & Challenges                                           II-24
       Major Design Issues of Modern Wearable Medical Device Technology II-25
       Privacy Concerns Hinder Adoption                                 II-26
      Regulatory Environment                                            II-26
      Europe: Regulatory Framework for Medical Devices                  II-28
      Satisfying `Essential Requirements` Is Key                        II-28
      Packaging/ Labelling Requirements                                 II-28

  3. PRODUCT OVERVIEW                                                   II-29
      Wearable Technology: An Overview                                  II-29
       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)                      II-30
      Wearable Medical Devices                                          II-30
       Historical Overview                                              II-31
       Ergonomics and Wearability of Wearable Devices                   II-31
       Technical Considerations While Designing Wearables               II-32
      Powering Wearable Technology                                      II-34
      Technologies to Design Wearable Medical Devices                   II-34
       Miniaturization                                                  II-35
       Standardization                                                  II-35

  4. PRODUCT LAUNCHES/APPROVALS                                         II-36
      University of Tokyo Develops Wearable Temperature Sensor          II-36
      NXP Semiconductors and Sonova Launch Hearing Device Platform      II-36
      Bayer Unveils Polycarbonate Blend for Wearable Devices            II-36
      OmSignal Unveils Smart Shirt with Sensors and Transmission        II-36
      NeuroMetrix Launches Quell Pain Management Device                 II-36
      Texas Instruments Launches Sensors for Medical Wearables          II-37
      Welch Allyn and Gentag to Launch Medical Device Communication
       Technology                                                       II-37
      Google to Develop Cancer/Stroke Detector                          II-37
      Thync to Launch Wearable Device for the Mind                      II-37
      Philips Launches BlueControl Device to Control Psoriasis          II-37
      Medtronic Launches Wireless Heart Monitor                         II-37
      iHealth Unveils Wearable Medical Devices                          II-38
      Zephyr, Globe, and Others Introduce WASP Technology               II-38

  5. RECENT INDUSTRY ACTIVITY                                           II-39
      Omron Ventures Acquires Stake in 3D Media                         II-39
      Gentag Collaborates with Mayo Clinic to Develop Wearable Sensors  II-39
      Seiko Epson Enters Wearable Medical Device Market                 II-39
      Dehaier and WideMed Extend Agreement                              II-39
      Medtronic Acquires Corventis                                      II-39
      Covidien Acquires Zephyr                                          II-39
      Intel Acquires Basis Sience                                       II-39

  6. FOCUS ON SELECT GLOBAL PLAYERS                                     II-40
      Gentag, Inc. (US)                                                 II-40
      Google Inc. (US)                                                  II-40
      Intel Corporation (US)                                            II-41
      Intelesens Ltd. (UK)                                              II-41
      LifeWatch AG (Switzerland)                                        II-42
      Medtronic Plc (US)                                                II-42
      Nuubo (Spain)                                                     II-42
      Omron Corporation (Japan)                                         II-43
      Philips Healthcare (Netherlands)                                  II-43
      Polar Electro (Finland)                                           II-44
      Sotera Wireless, Inc. (US)                                        II-44
      Winmedical Srl (Italy)                                            II-44
      Withings SA (France)                                              II-45

  7. GLOBAL MARKET PERSPECTIVE                                          II-46
      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)                                        II-46

      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)                                        II-47


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Evolving Healthcare in the US to Drive Demand for Wireless
         Devices                                                        III-1
        Reimbursement to Promote Wearable Technology                    III-1
        Wearable Devices to Mitigate Medical Concerns of Seniors        III-2
         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)                 III-3
        Chronic Disease Management Drives Adoption of Wearables         III-3
         Table 9: US Healthcare Spending (2006-2020) (in US$
         Trillion) (includes corresponding Graph/Chart)                 III-4
        Investors Continue to Pour Funds in Wearables Start-ups         III-4
        Regulatory Overview                                             III-5
        Product Launches                                                III-6
        Strategic Corporate Developments                                III-8
        Key Players                                                     III-8
      B.Market Analytics                                                III-11
        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)                                      III-11

  2. CANADA                                                             III-12
       Market Analysis                                                  III-12
        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)                            III-12

  3. JAPAN                                                              III-13
      A.Market Analysis                                                 III-13
        Table 12: Japanese Elderly (65+ Years) Population: 2000-2020
        (includes corresponding Graph/Chart)                            III-13
        Product Launch                                                  III-14
        Strategic Corporate Developments                                III-14
        Key Player - Omron Corporation                                  III-14
      B.Market Analytics                                                III-15
        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)                            III-15

  4. EUROPE                                                             III-16
      A.Market Analysis                                                 III-16
        Regulation-Approved Wearable Devices Popular                    III-16
        Prevalence of Diabetes in Europe: Market Opportunity for
         Wearable CGM Devices                                           III-16
      B.Market Analytics                                                III-17
        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)                                      III-17

        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)                                      III-18

  4a. FRANCE                                                            III-19
      A.Market Analysis                                                 III-19
        Key Player - Withings SA                                        III-19
      B.Market Analytics                                                III-20
        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)                                      III-20

  4b. GERMANY                                                           III-21
       Market Analysis                                                  III-21
        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)                                      III-21

  4c. ITALY                                                             III-22
      A.Market Analysis                                                 III-22
        Key Player - Winmedical Srl                                     III-22
      B.Market Analytics                                                III-23
        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)                                      III-23

  4d. THE UNITED KINGDOM                                                III-24
      A.Market Analysis                                                 III-24
        Telecare and Elderly Population Requirements - An Overview      III-24
        Key Player - Intelesens Ltd                                     III-25
      B.Market Analytics                                                III-26
        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)                                      III-26

  4e. SPAIN                                                             III-27
      A.Market Analysis                                                 III-27
        Key Player - Nuubo                                              III-27
      B.Market Analytics                                                III-27
        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)                                      III-27

  4f. RUSSIA                                                            III-28
       Market Analysis                                                  III-28
        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)                                      III-28

  4g. REST OF EUROPE                                                    III-29
      A.Market Analysis                                                 III-29
        Product Launches                                                III-29
        Key Players                                                     III-29
      B.Market Analytics                                                III-31
        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)                       III-31

  5. ASIA-PACIFIC                                                       III-32
       Market Analysis                                                  III-32
        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)          III-32

        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)      III-33

  5a. CHINA                                                             III-34
      A.Market Analysis                                                 III-34
        Statistics Favor High Wearable Technology Adoption              III-34
        Chinese Players Enter the Smart Watch Market                    III-34
        Strategic Corporate Development                                 III-34
      B.Market Analytics                                                III-35
        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)                                      III-35

  5b. REST OF ASIA-PACIFIC                                              III-36
       Market Analysis                                                  III-36
        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)                       III-36

  6. LATIN AMERICA                                                      III-37
       Market Analysis                                                  III-37
        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)                       III-37

  7. REST OF WORLD                                                      III-38
       Market Analysis                                                  III-38
        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)                       III-38


 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)
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Date of Publication:
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