1. Market Research
  2. > Wireless Technology Market Trends
  3. > Wearable Devices for Healthcare Markets

Wearable Devices for Healthcare Markets

  • April 2016
  • -
  • Tractica
  • -
  • 53 pages

The market for healthcare wearables is very much in its infancy, though there is a considerable amount of activity across the healthcare value chain. Wearables are being seen as an extension of the digital transformation of healthcare, helping pharmaceutical companies to expand clinical trials, enabling insurance companies to engage with customers by incentivizing healthier living, helping healthcare providers to improve the delivery of healthcare, and empowering patients by providing them access to their own health data. Healthcare wearables are part of the ongoing evolution of wearables, as they move from being fitness and wellness devices to being able to directly impact medical conditions, improve diagnosis and care, and ultimately save lives. Chronic medical conditions like cancer, cardiovascular disease, and diabetes are the primary targets for many of the emerging healthcare wearable companies, as they impact a large percentage of the population. Eldercare, whether in a healthcare facility or as part of remote monitoring in the home, is another key focus for healthcare wearables, providing real-time continuous feeds of vital signs, as well as alerts in case of any anomalies. However, the market does face challenges related to the accuracy of sensors and consumers’ level of confidence in wearables, optimization of design and user experience, the need for user education about the capabilities of healthcare wearables, and the challenges that smaller healthcare wearable companies face in obtaining regulatory and insurance approvals.

This Tractica report covers the market for healthcare wearables, providing comprehensive coverage of the various healthcare wearable device types, their specific roles, and adoption timelines within healthcare. The devices covered include smart watches, smart glasses, fitness trackers, smart footwear, smart apparel, posture monitors, movement sensors, wrist devices, heart straps, headbands, wearable patches, wearable cameras, pain management and delivery pods. The report also includes market sizing and forecasts from 2015 through 2021, providing shipments and revenues.

Key Market Forecasts
- Healthcare Wearable Device Shipments and Revenue, World Markets: 2015-2021
- Fitness Tracker Shipments for Corporate Wellness by Segment, World Markets: 2015-2021
- Healthcare Wearable Device Shipments by Device Type, World Markets: 2015-2021
- Healthcare Wearable Device Revenue by Device Type, World Markets: 2015-2021
- Healthcare Wearable Device Shipments by Device Type (Extended), World Markets: 2015-2021
- Healthcare Wearable Device Revenue by Device Type (Extended), World Markets: 2015-2021
- Healthcare Wearable Device Shipments by Region, World Markets: 2015-2021
- Healthcare Wearable Device Revenue by Region, World Markets: 2015-2021

Device Categories
- Smart Watches
- Smart Glasses
- Smart Footwear
- Smart Apparel
- Fitness Trackers
- Wrist Devices
- Heart Straps
- Headbands
- Posture Monitors
- Movement Sensors
- Wearable Patches
- Wearable Cameras
- Pain Management
- Delivery Pods

End Use Markets
- Corporate Wellness

Programs
- Healthcare Insurance

Companies
- Healthcare Provider

Networks
- Pharmaceutical Companies
- Remote Patient Monitoring

Geographies
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa

Table Of Contents

Wearable Devices for Healthcare Markets
SECTION 1 1
Executive Summary 1
1.1 Introduction 1
1.2 Market Drivers . 2
1.3 Market Barriers 2
1.4 Market Forecast . 3
SECTION 2 4
MARKET ISSUES .. 4
2.1 Definitions .. 4
2.2 Key Device Types . 4
2.2.1 Fitness Trackers . 4
2.2.1.1 Corporate Wellness - Enterprise 5
2.2.1.2 Corporate Wellness - Insurance 5
2.2.1.3 Consumer Self-Insured 6
2.2.2 Body Sensors .. 6
2.2.2.1 Wearable Patches . 6
2.2.2.2 Wrist Devices 6
2.2.2.3 Heart Straps .. 6
2.2.2.4 Headbands 7
2.2.2.5 Posture Monitors . 7
2.2.2.6 Movement Sensors 7
2.2.3 Smart Clothing . 7
2.2.3.1 Smart Apparel .. 7
2.2.3.2 Smart Footwear .. 7
2.2.4 Smart Glasses . 8
2.2.5 Wearable Cameras .. 8
2.2.6 Other Wearables 8
2.2.6.1 Pain Management .. 8
2.2.6.2 Delivery Pods 8
2.3 Market Drivers . 8
2.3.1 The Digital Health Trend: Home Health Technologies, Remote Patient Monitoring
and Population Health Management 8
2.3.2 Data Analytics, Machine Learning, and the Quantified Self . 9
2.3.3 Personalized Medicine and the Democratization of Health .. 10
2.3.4 Pharmaceutical Companies are Using Wearables for Clinical Trials 12
2.4 Market Barriers . 13
2.4.1 Design and UI Need to Be Adapted for a Wider Audience 13
2.4.2 Counseling Users 13
2.4.3 FDA And Insurance Approvals . 14
2.4.4 Wearability Limitations . 15
2.5 Ecosystem Partnership Activity 15
2.5.1 GlaxoSmithKline and Medidata 15
2.5.2 Qualcomm and Novartis .. 15
2.5.3 Walgreens, Qualcomm, and Wearable Vendors . 16
2.5.4 Qualcomm and UnitedHealthcare .. 16
2.5.5 Pfizer, UnitedHealthcare, and AARP 16
2.5.6 Philips and Accenture 17
2.5.7 Vodafone and Lively .. 17
2.5.8 Proteus Digital Health and Otsuka . 17
2.5.9 Oschner Health and Epic . 17
2.5.10 Carolinas Healthcare 18
2.6 Future Directions . 18
2.6.1 Near Term .. 18
2.6.2 Long Term .. 19
SECTION 3 . 20
Technology Issues 20
3.1 Sensor Accuracy . 20
3.2 Data Privacy and Security .. 21
3.3 Wearable Technology Patents . 22
SECTION 4 . 24
Key Industry Players 24
4.1 Cyrcadia Health 24
4.2 Empatica . 24
4.3 Insulet 25
4.4 Medtronic . 25
4.5 NeuroMetrix 26
4.6 Orpyx Medical Technologies . 27
4.7 Qardio 27
4.8 QMedic . 28
4.9 ZOLL Medical Corporation . 28
4.10 Wearable Patch Companies . 29
4.10.1 Chrono Therapeutics .. 29
4.10.2 Gentag 29
4.10.3 G-tech Medical 30
4.10.4 Vancive Medical Technologies (An Avery Dennison Company) .. 30
4.10.5 Vital Connect 31
SECTION 5 . 33
Market Forecasts 33
5.1 Market by Device Type 33
5.1.1 Device Types (Extended) 38
5.2 Markets by Region . 40
5.3 Conclusions 41
SECTION 6 . 43
Company Directory .. 43
SECTION 7 . 47
Acronym and Abbreviation List 47
SECTION 8 . 49
Table of Contents .. 49
SECTION 9 . 51
Table of Charts and Figures 51
SECTION 10 .. 52
Scope of Study 52
Sources and Methodology .. 52
Notes . 53
SECTION 9

TABLE OF CHARTS AND FIGURES
Chart 1.1 Healthcare Wearable Device Shipments and Revenue, World Markets: 2015-2021 . 3
Chart 2.1 Fitness Tracker Shipments for Corporate Wellness by Segment, World Markets:
2015-2021 . 5
Chart 5.1 Healthcare Wearable Device Shipments by Device Type, World Markets: 2015-2021 .. 33
Chart 5.2 Healthcare Wearable Device Revenue by Device Type, World Markets: 2015-2021 . 35
Chart 5.3 Healthcare Wearable Device Shipment Share as a Percentage of Total Wearables
Market, by Device Type, World Markets: 2015-2021 36
Chart 5.4 Healthcare Wearable Device Revenue Share as a Percentage of Total Wearables Market,
by Device Type, World Markets: 2015-2021 . 37
Chart 5.5 Healthcare Wearable Device Shipments by Device Type (Extended), World Markets:
2015-2021 .. 38
Chart 5.6 Healthcare Wearable Device Revenue by Device Type (Extended), World Markets:
2015-2021 .. 39
Chart 5.7 Healthcare Wearable Device Shipments by Region, World Markets: 2015-2021 . 40
Chart 5.8 Healthcare Wearable Device Revenue by Region, World Markets: 2015-2021 . 41
Chart 10.1 Tractica Research Methodology .. 53
Table 4.1 Additional Industry Participants 32

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Wearables Integration in Cars—Use Cases, Impact, OEM Activities, and Future Possibilities

Wearables Integration in Cars—Use Cases, Impact, OEM Activities, and Future Possibilities

  • $ 4950
  • Industry report
  • August 2016
  • by Frost & Sullivan

Opportunity for the Automotive Industry to Find New Ways to Support and Learn from its Customers As wearables technology becomes more ubiquitous, it allows for new avenues of consumer interaction and data ...

IDC FutureScape: Worldwide Wearables and  Augmented Reality/Virtual Reality 2017 Predictions

IDC FutureScape: Worldwide Wearables and Augmented Reality/Virtual Reality 2017 Predictions

  • $ 4500
  • Industry report
  • November 2016
  • by IDC

This IDC study discusses the worldwide wearables and augmented reality/virtual reality 2017 predictions."Wearables and augmented/virtual reality stand to positively affect productivity," said Ramon T. ...

Worldwide Wearables Forecast Update, 2016-2020: CY 4Q16

Worldwide Wearables Forecast Update, 2016-2020: CY 4Q16

  • $ 4500
  • Industry report
  • October 2016
  • by IDC

This IDC study presents an updated five-year forecast for the worldwide wearables market."The worldwide wearables market continues to lay down a strong foundation to build upon while branching out in new ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.