1. Market Research
  2. > Healthcare Market Trends
Global Wearable Healthcare Electronic Devices Market Assessment & Forecast: 2015-2019

Global Wearable Healthcare Electronic Devices Market Assessment & Forecast: 2015-2019

  • August 2015
  • 57 pages
  • ID: 3605168
  • Format: PDF
  • By Spearhead Acuity


Table of Contents

Search Inside

The new report “Global Wearable Healthcare Electronic Devices Market Assessment & Forecast: 2015-2019” by Spearhead Acuity Business Research & Consulting Group, reveals that the market in North America was valued at US$ 3,116.7 million in 2014 and is expected to reach US$ 8,454.5 million by 2019 at a CAGR of 18.8%. The market for wearable healthcare electronic devices is concentrated mainly in the economically progressive regions of the world such as North America and Europe. High level of awareness, exposure to fitness training and access to affordable technology has increased the usage and penetration of wearable healthcare devices. North America and Europe collectively account for 78.3% of the global market.

The report covers the market scenario for six geographical areas of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. Low regulations and commoditization of several wearable device segments such as smart watches and bands has helped start-ups commercialize quickly thus increasing competition significantly in the last decade. Some of the primary factors driving the growth of the market in developed regions are the higher awareness of lifestyle diseases and nominal health problems. Greater number of athletes, better purchase power, better knowledge of basic physiological parameters among people, high demand for technology that can track and monitor performance are other factors SA-BRC survey noted to supplement the growth of the market. Regional barriers such as low awareness and purchase power indicate the markets in Asia-Pacific and Latin-America will still take time to adopt. SA-BRC expects the market to pick up in these regions towards the end of the forecast period.

The scope of the research also includes analysis of 10 wearable device segments. A large portion of the wearable medical devices is occupied by fitness monitors, trackers and heart rate monitors that are considered as consumer products and thus unregulated by most healthcare authorities across the world. Recently, the U.S. FDA issued draft guidance for low risk devices that are concerned with improving health habits and monitor routines. Other wearable devices include blood pressure monitors, electrocardiograph (ECG), electroencephalograph (EEG), Pulse Oximeters, Pain Management (TENS) & (EMS) devices, wearable glucose and insulin devices and respiratory devices.
Wearable insulin and glucose devices contributed to the largest market share. Major reasons for growth in demand are the rising incidence of lifestyle disorders such as obesity. The devices are priced much higher than other fitness monitoring devices since they fall under regulated class of medical devices. Over one third of adults in United States are obese. Chronic diseases such as heart disease, stroke, diabetes, obesity, and cancer are among the most common, costly, and preventable of all health problems. According to the American Diabetes Association, there are approximately 30 million people that are currently suffering from diabetes and approximately 1.5 million people had Type-1 diabetes in 2014. Asia-Pacific is also considered as a major diabetic zone due to proven studies showing genetic susceptibility to the disease.

Almost 10 years ago, the foremost wearable healthcare technology was the heart rate monitor watch. However, the devices were notoriously inaccurate due to the low sensitivity of biosensors. With advancing technology and miniaturization of hardware, it became easier to cram several sensors within one device. This gave rise to the adoption of accelerometers and gyros into the wearable devices. The market for wrist watches fell significantly with the introduction of mobile phones that began displaying time, now analysts predict that the market for mobile phones may be disrupted by wrist watches that display time, health parameters and communicate with people. With advanced speech to text software, typing on a watch may not be necessary at all. Smart watches are soon to become the gadget of the future that monitor our health.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

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

Make sure you don’t miss any news and follow us on