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Global Clinical-grade Wearables Growth Opportunities
Global Clinical-grade Wearables Growth Opportunities
An Influx of Consumer Wearables Companies Entering the Healthcare Space Boosts Future Growth Potential
06-Sep-2022
Global
Market Research
Description
The healthcare industry is facing a shortage of resources, including its workforce. This strain has increased demand for remote monitoring technologies. Moreover, the COVID-19 pandemic has fueled demand for home-based care and telehealth services. This sudden increase in remote monitoring and home-based care is driving demand for regulated monitoring devices. Wearable devices aid in continuous remote monitoring of patients and are used for disease diagnosis and treatment.
Additionally, wearable devices used for the continuous monitoring of patients in hospital wards to reduce hospital staff workload, provide patient mobility, and detect early health deterioration are boosting market growth potential. Consumers have also started adopting wearable devices to monitor their chronic diseases. Moreover, the growing geriatric population drives demand for wearable devices at nursing homes and home-based hospitals.
Many consumer-grade wearable device companies, such as Apple and Fitbit, are entering the medical-grade wearables market to meet increasing demand. These companies are gaining regulatory clearance for product features such as atrial fibrillation detection for cardiac arrythmia monitoring. Consequently, the market is experiencing a convergence between consumer-grade and medical-grade wearable devices.
In this study, the global clinical-grade wearables market is segmented into cardiac wearables, clinical-grade consumer wearables, blood pressure monitors, and multiparameter monitors. Cardiac wearables are the fastest growing device segment due to increasing demand for continuous ECG monitoring, the most targeted feature for regulatory approval by consumer wearable device companies. Blood pressure monitoring is another popular feature poised to gain traction. North America is the largest market for wearable devices, while Asia-Pacific is the fastest-growing market because of increasing acceptance of remote monitoring technologies.
This study will provide a detailed overview of clinical- or medical-grade wearable devices for monitoring and diagnosis. It covers clinical-grade wearables for vital sign monitoring, cardiovascular monitoring, and physiological parameter tracking. The study period is 2019–2026.
RESEARCH: INFOGRAPHIC
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Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Clinical-grade Wearables Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Clinical-grade Wearables Market Scope of Analysis
Segmentation
Key Competitors
Growth Metrics
Wearables—Market Definitions
Clinical-grade Wearables—Applications
Growth Drivers
Growth Drivers (continued)
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Product
Revenue Forecast by Region
Revenue Forecast Analysis
Revenue Forecast Analysis by Region
Pricing Trends and Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis
Revenue Share
Revenue Share Analysis
Revenue Share Analysis (continued)
Wearables as Monitoring Devices
Wearables in the Monitoring Market
Clinical-grade Wearables—Monitoring Parameter Analysis
Clinical-grade Wearables—Device Type and Location
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Forecast Analysis
Clinical-grade Wearables—Business Models
Clinical-grade Wearables—Future Outlook
Growth Opportunity 1: Customizable Service-based Solutions and Platforms
Growth Opportunity 1: Customizable Service-based Solutions and Platforms (continued)
Growth Opportunity 2: AI-based Wearables Offering Early Disease Prediction and Predictive Insights
Growth Opportunity 2: AI-based Wearables Offering Early Disease Prediction and Predictive Insights (continued)
Growth Opportunity 3: Continuous Remote Monitoring for Home-based Care
Growth Opportunity 3: Continuous Remote Monitoring for Home-based Care (continued)
Growth Opportunity 4: Wearable Vital Sign Monitoring Devices for Hospitals
Growth Opportunity 4: Wearable Vital Sign Monitoring Devices for Hospitals (continued)
Growth Opportunity 5: Multiparameter Monitoring with Better Accuracy and Longer Battery Life
Growth Opportunity 5: Multiparameter Monitoring with Better Accuracy and Longer Battery Life (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
| Deliverable Type | Market Research |
|---|---|
| Author | Utkarsha soundankar |
| Industries | Healthcare |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Wearable Medical Devices Market |
| Keyword 2 | wearable blood pressure monitor |
| Keyword 3 | wearable medical devices |
| Podcast | No |
| WIP Number | K7D9-01-00-00-00 |