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Global Connected Wearable Device Market Outlook, 2025 – Market for Health & Fitness Trackers Will Reach $5B by 2025 – P&T Community
DUBLIN, Jan. 23, 2020 /PRNewswire/ -- The "Connected Wearable Device Market in Healthcare, Wellness, and Fitness by Device Type, Use Case, and Application 2020 - 2025" report has been added to ResearchAndMarkets.com's offering.
This report evaluates the current state of the wearable technology ecosystem including devices and applications within the medical, wellness, and fitness markets. The report addresses key challenges, market players, solutions, and the future of wearables in healthcare.
The report also provides an outlook for the future of wearable devices in medical, wellness, and fitness with forecasts for the period 2020-2025. This includes application analysis and forecasts by physiological activity and the role of wearables in elder care and assisted living.
Key Highlights
There is a great demand in the healthcare industry for remote monitoring and diagnostics. Driving factors include healthcare cost inflation coupled with a rapidly aging global population within the developed countries. For example, 20 percent of United States residents are projected to be age 65 or older by 2030.
Wearable devices for medical, wellness and fitness purposes are many and varied, consisting of various form factors depending on the purpose and placement of the human body. Wearable devices can be worn and/or integrated into apparel to become less intrusive. Sensors (biomechanical, motion, etc.) may be placed at specific parts of the body to communicate with an overall Body Area Network system.
Improving supply factors include improvements in electronics miniaturization and innovation leading to reduced device cost. R&D in wearable healthcare devices is leading to enhanced functionality, form factor improvements, and frictionless integration with the Internet of Things (IoT) systems and solutions.
Machine-to-Machine (M2M) communication enables wearable healthcare devices to communicate autonomously with monitoring systems for both real-time decision making and data gathering for future analysis. Secure M2M enabled data transport and IoT system connectivity facilitates the integration of healthcare info with data analytics solutions.
One of the core reasons for wearables in healthcare is to transmit information for medical support from a licensed professional. However, there is also a market for quantified self in healthcare, which refers to the incorporation of technology into data acquisition on aspects of a person's daily life. This enables a Do it Yourself (DIY) tool for consumers to self-monitor and self-report important wellness items such as blood pressure. The alternative is to allow medical data to transmit to a trusted entity.
Advanced healthcare data management solutions, supported by artificial intelligence, are capable of processing massive amounts of healthcare information, including unstructured data acquired from many different sources and contexts. One of the challenges for the healthcare industry is tying these systems into healthcare devices in a manner in which data is leveraged while simultaneously preserving device security and end-user privacy.
Report Benefits
Key Topics Covered
1 Executive Summary
2 Introduction2.1 Wearable Technology Overview2.2 Wearable Technology Supply and Demand Dynamics2.3 Wearable Technology Market Opportunities2.4 Wearable Technology Market Challenges2.4.1 Security and Privacy Concerns2.4.2 Function vs. Form Factors Challenges2.4.3 Power Management Constrains Usage2.4.4 High R&D = High Price for Initial Products2.4.5 Usage Restrictions Impede Access
3 Wearable Technology Ecosystem3.1 Wearable Technology Device and Application3.1.1 Personal Health and Fitness Management3.1.1.1 Activity Trackers3.1.1.2 GPS Monitoring3.1.1.3 Other Wearable Devices3.1.3 Prevention, Diagnosis, and Management of Disease3.1.4 Healthcare and Medical Devices3.1.4.1 Respiratory Monitoring3.1.4.1 Circulatory Monitoring3.1.4.2 Google Glass in Healthcare3.1.5 Sports Performance Enhancement3.1.5.1 Sport Brands3.1.5.2 Textiles and Footwear3.1.5.3 Devices for Particular Sports3.1.5.4 Wearable Chemical Sensors3.1.5.5 Concussion Detection3.1.5.6 Objective Refereeing3.2 Sensors in Wearable Systems3.2.1 Flexible Sensors and Nano-sensors3.2.2 Movement Sensors3.2.3 Respiration Sensors3.2.4 Piezoelectric Usage in Sensors3.2.5 Skin Sensors3.2.6 Thermal Sensors3.2.7 Heart Rate Monitors3.3 Wearables and Cloud Environment3.4 Wearable Technology Adoption Factors3.4.1 Enterprise Adoption Challenges3.4.2 Industry Specific Factors3.5 Wearable Device and Data Access Factors3.6 Wearable Technology Future3.6.1 Continued Growth in Fitness and Health3.6.2 Importance of Aesthetics3.6.3 Beyond Glasses, Fitness Bands, and Watches3.6.4 Emergence of Ambient Internet of Things (IoT)3.6.5 Wearables, Data, and Analytics3.6.6 Continued Downward Price Pressure3.6.7 Expanding to Enterprise and Workplace3.7 Wearable Technology Key Success Factors3.8 Evolution of the Wearable Tech Ecosystem
4 Wearable Devices in Medical, Wellness, and Fitness Market Forecasts 2020-20254.1 Global Wearable Device Forecasts 2020-20254.1.1 Global Aggregate Wearable Technology Market4.1.2 Global Wearable Technology Market by Device Type4.1.3 Global Wearable Technology Market in Healthcare 2020-20254.1.4 Regional Wearable Technology Market in Healthcare 2020-20254.1.4.1 North America Wearable Technology Market in Healthcare 2020-20254.1.4.2 South America Wearable Technology Market in Healthcare 2020-20254.1.4.3 Europe Wearable Technology Market in Healthcare 2020-20254.1.4.4 Asia Pacific Wearable Technology Market in Healthcare 2020-20254.1.4.5 Middle East and Africa Wearable Technology Market in Healthcare 2020-2025
5 Company Analysis5.1 Xiaomi Technology Co. Ltd.5.2 Guangdong BBK Electronics Industry Co. Ltd.5.3 Alphabet Inc.5.4 Lifesense Group B.V.5.5 Johnson & Johnson5.6 Smiths Group plc5.7 Roche Holding AG5.11 Medtronic PLC5.15 Amiigo5.34 StarVR Corp.5.40 Leapfrog Enterprises Inc.5.41 LG Electronics5.42 LifeBEAM Inc.5.43 Meta Company5.44 Mio Global5.45 Misfit5.46 Monster Inc.5.47 Motorola5.48 Nike Inc.5.49 NTT Docomo Inc.5.50 Oculus VR LLC5.51 o-synce5.52 Actofit Wearables5.53 Pebble5.54 Polar Electro5.55 Qardio Inc.5.56 Recon Instruments5.57 Reebok International Limited5.58 Samsung Electronics Co. Ltd.5.59 ShotTracker5.60 Sony Corporation5.61 Soundbrenner Limited5.62 Sqord Inc.5.63 Suunto5.64 Thalmic Labs Inc.5.65 Timex.com Inc.5.66 Tlink5.67 Tobii AB5.68 Vuzix5.69 Weartrons Labs5.70 Xensr5.71 Zepp US Inc.5.72 ZTE Corporation
6 Conclusions and Recommendations6.1 Future of Wearable Devices in Healthcare6.1.1 Area of Concern: Privacy and Security6.1.2 Area of Opportunity: Healthcare Data Analysis6.2 Future Devices6.2.1 Increased System and Device Integration6.2.2 Implantable Medical Devices
7 Appendix: Overall Connected Device Market and Forecasts7.1 Global Connected Medical Device Market Outlook7.2 Connected Medical Device Market by Manufacturing Method 2020-20257.3 Connected Medical Device Market by Location/Usage 2020-20257.4 Connected Medical Device Market by Connectivity Method7.5 Connected Medical Device Markets by Region 2020-2025
For more information about this report visit https://www.researchandmarkets.com/r/6ezqui
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Global Connected Wearable Device Market Outlook, 2025 - Market for Health & Fitness Trackers Will Reach $5B by 2025 - P&T Community
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