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Wearable Vital Signs Measurement Devices Trends and Forecast
The future of the global wearable vital signs measurement devices market looks promising with opportunities in the healthcare institution, sports and fitness enthusiasts, and individual consumer markets. The global wearable vital signs measurement devices market is expected to grow with a CAGR of 13.2% from 2024 to 2030. The major drivers for this market are the rising prevalence of chronic conditions such as diabetes, hypertension, and cardiovascular disease that can continually monitor vital signs, expanding geriatric population that is vulnerable to health problems, as well as, wearable vital signs measuring systems are becoming more precise and convenient as sensor technology, downsizing, and wireless connectivity advance.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Wearable Vital Signs Measurement Devices by Segment
The study includes a forecast for the global wearable vital signs measurement devices by distribution channel, product type, end use, and region.
Wearable Vital Signs Measurement Devices Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Online Retail
• Specialty Stores
• Healthcare Providers
Wearable Vital Signs Measurement Devices Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Smartwatches
• Fitness Bands
• Chest Straps
• Smart Rings
• Patches
• Other
Wearable Vital Signs Measurement Devices Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Healthcare Institutions
• Sports Fitness Enthusiasts
• Individual Consumers
• Others
Wearable Vital Signs Measurement Devices Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Wearable Vital Signs Measurement Devices Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wearable vital signs measurement devices companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wearable vital signs measurement devices companies profiled in this report include-
• Fitbit
• Apple
• Samsung Electronics
• Garmin
• Omron
• Withings
• Medtronic
• Masimo
• Biotelemetry
• Vitalconnect
Wearable Vital Signs Measurement Devices Market Insights
Lucintel forecasts that smartwatch is expected to witness highest growth over the forecast period.
North America is expected to witness highest growth over the forecast period due to escalating frequency of persistent health conditions, prolonged illnesses, and a rising demographic of older individuals in the region.
Features of the Global Wearable Vital Signs Measurement Devices Market
Market Size Estimates: Wearable vital signs measurement devices market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wearable vital signs measurement devices market size by distribution channel, product type, end use, and region in terms of value ($B).
Regional Analysis: Wearable vital signs measurement devices market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different distribution channel, product type, end use, and regions for the wearable vital signs measurement devices market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wearable vital signs measurement devices market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for wearable vital signs measurement devices market?
Answer: The global wearable vital signs measurement devices market is expected to grow with a CAGR of 13.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the wearable vital signs measurement devices market?
Answer: The major drivers for this market are the rising prevalence of chronic conditions such as diabetes, hypertension, and cardiovascular disease that can continually monitor vital signs, expanding geriatric population that is vulnerable to health problems, as well as, wearable vital signs measuring systems are becoming more precise and convenient as sensor technology, downsizing, and wireless connectivity advance.
Q3. What are the major segments for wearable vital signs measurement devices market?
Answer: The future of the global wearable vital signs measurement devices market looks promising with opportunities in the healthcare institution, sports and fitness enthusiasts, and individual consumer markets.
Q4. Who are the key wearable vital signs measurement devices market companies?
Answer: Some of the key wearable vital signs measurement devices companies are as follows:
• Fitbit
• Apple
• Samsung Electronics
• Garmin
• Omron
• Withings
• Medtronic
• Masimo
• Biotelemetry
• Vitalconnect
Q5. Which wearable vital signs measurement devices market segment will be the largest in future?
Answer: Lucintel forecasts that smartwatch is expected to witness highest growth over the forecast period.
Q6. In wearable vital signs measurement devices market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to escalating frequency of persistent health conditions, prolonged illnesses, and a rising demographic of older individuals in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the wearable vital signs measurement devices market by distribution channel (online retail, specialty stores, and healthcare providers), product type (smartwatches, fitness bands, chest straps, smart rings, patches, and other), end use (healthcare institutions, sports fitness enthusiasts, individual consumers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Wearable Vital Signs Measurement Devices Market, Wearable Vital Signs Measurement Devices Market Size, Wearable Vital Signs Measurement Devices Market Growth, Wearable Vital Signs Measurement Devices Market Analysis, Wearable Vital Signs Measurement Devices Market Report, Wearable Vital Signs Measurement Devices Market Share, Wearable Vital Signs Measurement Devices Market Trends, Wearable Vital Signs Measurement Devices Market Forecast, Wearable Vital Signs Measurement Devices Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Wearable Vital Signs Measurement Devices Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Wearable Vital Signs Measurement Devices Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Wearable Vital Signs Measurement Devices Market by Distribution Channel
3.3.1: Online retail
3.3.2: Specialty Stores
3.3.3: Healthcare Providers
3.4: Global Wearable Vital Signs Measurement Devices Market by Product Type
3.4.1: Smartwatches
3.4.2: Fitness Bands
3.4.3: Chest Straps
3.4.4: Smart Rings
3.4.5: Patches
3.4.6: Other
3.5: Global Wearable Vital Signs Measurement Devices Market by End Use
3.5.1: Healthcare Institutions
3.5.2: Sports Fitness Enthusiasts
3.5.3: Individual Consumers
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Wearable Vital Signs Measurement Devices Market by Region
4.2: North American Wearable Vital Signs Measurement Devices Market
4.2.1: North American Wearable Vital Signs Measurement Devices Market by Product Type: Smartwatches, Fitness Bands, Chest Straps, Smart Rings, Patches, and Other
4.2.2: North American Wearable Vital Signs Measurement Devices Market by End Use: Healthcare Institutions, Sports Fitness Enthusiasts, Individual Consumers, and Others
4.3: European Wearable Vital Signs Measurement Devices Market
4.3.1: European Wearable Vital Signs Measurement Devices Market by Product Type: Smartwatches, Fitness Bands, Chest Straps, Smart Rings, Patches, and Other
4.3.2: European Wearable Vital Signs Measurement Devices Market by End Use: Healthcare Institutions, Sports Fitness Enthusiasts, Individual Consumers, and Others
4.4: APAC Wearable Vital Signs Measurement Devices Market
4.4.1: APAC Wearable Vital Signs Measurement Devices Market by Product Type: Smartwatches, Fitness Bands, Chest Straps, Smart Rings, Patches, and Other
4.4.2: APAC Wearable Vital Signs Measurement Devices Market by End Use: Healthcare Institutions, Sports Fitness Enthusiasts, Individual Consumers, and Others
4.5: ROW Wearable Vital Signs Measurement Devices Market
4.5.1: ROW Wearable Vital Signs Measurement Devices Market by Product Type: Smartwatches, Fitness Bands, Chest Straps, Smart Rings, Patches, and Other
4.5.2: ROW Wearable Vital Signs Measurement Devices Market by End Use: Healthcare Institutions, Sports Fitness Enthusiasts, Individual Consumers, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Wearable Vital Signs Measurement Devices Market by Distribution Channel
6.1.2: Growth Opportunities for the Global Wearable Vital Signs Measurement Devices Market by Product Type
6.1.3: Growth Opportunities for the Global Wearable Vital Signs Measurement Devices Market by End Use
6.1.4: Growth Opportunities for the Global Wearable Vital Signs Measurement Devices Market by Region
6.2: Emerging Trends in the Global Wearable Vital Signs Measurement Devices Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Wearable Vital Signs Measurement Devices Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Wearable Vital Signs Measurement Devices Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Fitbit
7.2: Apple
7.3: Samsung Electronics
7.4: Garmin
7.5: Omron
7.6: Withings
7.7: Medtronic
7.8: Masimo
7.9: BioTelemetry
7.10: VitalConnect
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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