5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The market is segmented by Product Type, Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare), Device Type, and Geography
The European wearable medical devices market is driven by technological advancements, increasing health awareness. Ease of use and interpretation of data using these devices is also a major contributing factor for market growth. Additionally, other factors, such as continuous product development and commercialization, and strengthening distribution channels of major product manufacturers is expected to aid the growth of the Europe wearable medical devices market.
However, the market is highly constrained due to the lack of reimbursement policies in Europe.
As per the scope of the report, wearable medical devices are the device with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs. The wearable medical devices find applications in the area of disease monitoring which include neurological diseases, metabolic diseases, and pain management. It is widely used in outdoor as well as home settings.
|Wearable Fetal Monitor and Obstetric Device|
|Sports and Fitness|
|Remote Patient Monitoring|
|Other Device Types|
Report scope can be customized per your requirements. Click here.
The rise in the number of people with chronic medical conditions and an increase in the geriatric population are the major factors driving the growth of remote patient monitoring. Implementation of remote patient monitoring (RPM) can improve the management of chronic diseases by measuring critical risk indicators, such as glucose, blood pressure, etc. With the help of this, patients can use a mobile medical device to perform a routine test and send this data to healthcare professionals in real-time.
Implementation of RPM can improve the management of chronic diseases by measuring critical risk indicators, such as glucose, blood pressure, etc. RPM has various benefits for end-users and hospitals, such as low cost of healthcare, reduction in extended hospitalization, and fewer doctor appointments, among others. This can also help to reduce the cost associated with the treatment of chronic diseases.
To understand key trends, Download Sample Report
The market studied is moderately competitive. The companies are adopting different strategies to maintain their position in the market. In 2017, the UK-based vector watch was acquired by a San Francisco-based company Fitbit, the leader in connected health and fitness market, to build other new and amazing products with unique technology. The major companies dominating this market are Abbott Laboratories, Activinsights Ltd, Fitbit, Inc., Garmin Ltd., Intelesens Ltd., LifeWatch AG, Nuubo, Omron Corporation, and Polar Electro Oy.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Technological Advancements
4.2.2 Increasing Health Awareness
4.2.3 Ease of Use and Interpretation of Data
4.3 Market Restraints
4.3.1 Lack of Reimbursement Policies
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Wearable Vital Sign Monitor
22.214.171.124 Wearable Heart Rate Monitor
126.96.36.199 Wearable Activity Monitor
188.8.131.52 Wearable Electrocardiograph
184.108.40.206 Wearable Sleep Monitor
5.1.2 Wearable Fetal Monitor and Obstetric Device
5.1.3 Neuro-monitoring Device
220.127.116.11 Pain Management Wearable Medical Device
18.104.22.168 Glucose/Insulin Monitoring Wearable Device
22.214.171.124 Respiratory Therapy Wearable Device
5.2.1 Sports and Fitness
5.2.2 Remote Patient Monitoring
5.2.3 Home Healthcare
5.3 Device Type
5.3.4 Ear Wear
5.3.5 Other Device Types
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Abbott Laboratories
6.1.2 Activinsights Ltd
6.1.3 Fitbit, Inc.
6.1.4 Garmin Ltd.
6.1.5 Intelesens Ltd.
6.1.6 LifeWatch AG
6.1.8 Omron Corporation
6.1.9 Polar Electro Oy
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments