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Wearable Healthcare Devices Market Outlook (2022 to 2032)

The global wearable healthcare devices market size reached US$ 16 Billion in 2021 and is expected to touch a valuation of US$ 30 Billion in 2026. Moreover, the overall demand for wearable healthcare devices is slated to increase at a prolific CAGR of 13% during the forecast period between 2022 and 2032, reaching around US$ 61 Billion by the end of 2032.

Growth is attributed to the rising prevalence of heart-related diseases worldwide, the booming wearable medical device market across developed and developing regions, and growing consumer awareness about the benefits of monitoring and keeping track of vital signs and parameters.

Data Points Market Insights
Wearable Healthcare Devices Market Value 2021 US$ 16 Billion
Wearable Healthcare Devices Market Value 2026 US$ 30 Billion
Wearable Healthcare Devices Market Projected Value 2032 US$ 61 Billion
Wearable Healthcare Devices Market Forecast CAGR (2022 to 2032) 13%
Key Players Medtronic PLC, Koninklijke Philips N.V., GE Healthcare, Fitbit Inc, OMRON Corporation, Abbott Laboratories, Garmin Ltd., Dexcom Inc., and Masimo Corporation.

Over the years, advancement in medical technology has paved the way for the development of innovative wearable healthcare devices that play a crucial role in the monitoring of vital body signs and parameters like temperature, heart rate, blood pressure, etc.

The growing adoption of these wearable healthcare devices by common people, fitness enthusiasts, and healthcare professionals to monitor and track vital parameters is providing a huge thrust to the growth of the wearable healthcare devices market and the trend is likely to escalate during the forecast period.

The rising prevalence of heart attacks, strokes, and several other cardiovascular diseases has prompted people to prioritize preventive healthcare. As a result, they are spending large amounts on purchasing smart wearable healthcare devices. This will continue to boost the growth of markets like the wearable healthcare devices market and the wearable medical devices market during the coming years.

Similarly, the expansion of the telehealth software market and advancements in healthcare interoperability solutions are favoring the growth of the wearable healthcare devices market.

The healthcare devices market is especially blooming across developed and developing regions like the United States, China, India, Germany, and the United Kingdom due to the growing popularity of wearable devices healthcare technologies, increasing healthcare spending, and growing adoption of smart wearable healthcare devices.

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2015 to 2021 Wearable Healthcare Devices Market Outlook Compared To 2022 to 2032 Growth Forecast

As per Future Market Insights, global sales of wearable healthcare devices are projected to grow at a stupendous CAGR of 13% during the forecast period between 2022 and 2032. The rising prevalence of chronic diseases, advancements in wearable medical devices, growing health awareness among people, and the rising need for keeping track of vital parameters of patients are some of the major factors expected to drive growth in the global healthcare devices market during the assessment period.

Wearable healthcare devices are innovative products that measure, detect, and keep track of essential body parameters like temperature, saturation level, blood pressure, etc. They help people monitor their health 24/7 and get a proper assessment of their health condition.

Rising concerns regarding the high mortality rate of cardiovascular diseases such as diabetes, obesity, heart attacks, and stroke are expected to push the demand for wearable medical devices during the forecast period, thereby favoring the wearable healthcare devices market growth. According to the World Health Organization, nearly 17.9 million people died from CVDs in 2019, out of which 85% of deaths were due to heart attack and stroke.

Similarly, the outbreak of Covid-19 brought the wearable healthcare devices market into the limelight. Sales of wearable medical devices like pulse oximeters, BP monitors, smartwatches, etc. rose at an incredible pace during the pandemic as they helped people to monitor their health at home.

In addition, advances in sensors and artificial intelligence (AI) are helping wearable healthcare device manufacturers to develop smart and compact devices that can easily detect and manage chronic health conditions and avoid serious illnesses among people.

Latest healthcare wearable devices statistics indicate the global healthcare devices market to expand by 3.8X through 2032.

Which Factors Are Challenging the Growth of the Wearable Healthcare Devices Market?

Some of the major factors restraining the growth of the wearable healthcare device market are the high cost of advanced products, the lack of availability of these devices in low economies, and the presence of strict regulations.

Country-Wise Insights

Why is Wearable Healthcare Devices Flourishing Across the USA?

Demand for Products like Smartwatches, Pulse Reader, Blood Monitoring Straps, and Devices Remain High Across the USA Amid Sharp Rise in Diabetes, Obesity, and Other Heart-Related Diseases

As per FMI’s global market study on healthcare devices, the USA will continue to remain at the epicenter of wearable healthcare devices market growth during the forecast period, owing to the advancements in wearable devices healthcare technologies, increasing prevalence of chronic diseases, the emergence of new wearable healthcare devices market trends, presence of leading medical device manufacturers and growing demand for wearable medical devices like smart oximeters, smartwatches, etc.

The sharp rise in cardiovascular diseases across the United States is emerging as a key factor for encouraging the adoption of wearable healthcare devices. According to the Centers for Disease Control and Prevention (CDC), one person dies every 36 seconds from cardiovascular disease in the United States.

What is the Growth Projection for the China Wearable Healthcare Devices Market?

Emerging wearable healthcare devices market trends reveal that sales of wearable healthcare devices across China are projected to grow at a robust CAGR during the forecast period between 2022 and 2032.

Growth in the market is driven by increasing penetration of smartphones and the internet, the growing popularity of health-tracking smart devices, the availability of advanced wearable medical devices at much lower costs, and growing consumer inclination towards monitoring vital signs as well as keeping track of their vital parameters.

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Segment-Wise Insights

Which is the Leading Product in Wearable Healthcare Devices Market?

Trackers Segment to Account for Majority of Revenue Share Through 2032

Based on product, the global wearable healthcare devices market has been segmented into trackers, smartwatches, patches, and smart clothing. Among these, the tracker's segment holds the largest share of the global wearable healthcare device market in 2021 and the trend is likely to continue during the forecast period, owing to the rising need for continuous monitoring and recording of essential parameters like heart rate, daily burned calories, distance traveled, etc.

Similarly, the expansion of the personal medical devices market and the rising adoption of trackers by fitness enthusiasts will support the growth of this segment during the forecast period.

What is the Most Lucrative Application for Wearable Healthcare Devices?

General Health and Fitness to Remain the Most Lucrative Application for Wearable Healthcare Devices

As per FMI, the home healthcare segment dominated the wearable healthcare devices market in 2020, accounting for 53.5% of total revenue, owing to the rising geriatric population and growing desire to reduce healthcare costs.

However, the general health and fitness segment is likely to grow at a relatively faster CAGR over the forecast period. Factors such as increasing personal health tracking, redefining fitness goals, and growing awareness about health risks are triggering the growth of this segment.

Similarly, the rising penetration of the smart fitness market across developed and developing regions will support the growth of this segment during the forthcoming period.

Which is the Top Selling Wearable Healthcare Device in the Market?

Diagnostic and Monitoring Devices to Remain Highly Sought-After Wearable Healthcare Products

Based on device type, the wearable healthcare devices market is segmented into diagnostic and monitoring devices, vital sign monitoring devices, ECG/heart rate monitors, blood pressure monitors, wrist actigraphs, polysomnography devices, and traditional diagnostic tests.

The latest healthcare wearable device statistics reveal that sales of diagnostic and monitoring devices are expected to grow at a substantial pace during the forecast. Growing healthcare awareness among people, the rising need for continuous monitoring to detect diseases at early stages, and advancements in diagnostic and monitoring devices are augmenting the growth of the segment.

Based on Grade Type, Which Segment Dominates the Wearable Healthcare Devices Market?

Consumer-Grade Wearable Healthcare Devices to Remain High in Demand

In terms of grade type, the wearable healthcare market is segmented into consumer-grade wearable healthcare devices and clinical-grade wearable healthcare devices. The wearable healthcare devices market report reveals that the consumer-grade wearable healthcare devices segment is likely to continue dominating the global wearable healthcare devices market during the forecast period.

This is attributable to the rising healthcare awareness among people, changing lifestyles, growing adoption of wearable devices like smart pulse oximeters, wrist blood pressure monitors, etc. by common people, and rapid growth of the home healthcare market.

What Distribution Channel Remains Most Preferred by End Users?

Pharmacies Remain the Most Preferred Distribution Channel

Based on the distribution channel, the pharmacies segment holds the largest share of the wearable healthcare devices market and is likely to lead the market during the forecast period. The rise in the number of pharmacies worldwide, the increasing prevalence of chronic diseases, and various advantages of pharmacies like convenience are spurring the growth of this segment.

Competitive Landscape

Leading wearable healthcare device manufacturers are constantly focusing on developing novel products with additional features. They are integrating cutting-edge wearable health technologies that provide accurate information about vital parameters like pulse rate, temperature, and blood pressure.

Besides this, they have adopted strategies such as partnerships, acquisitions, collaborations, new product launches, and approvals, the establishment of new manufacturing facilities, and moving towards online shopping platforms to gain a competitive edge in the global wearable healthcare devices market and expand their global footprint.

For instance:

  • In March 2022, BioIntelliSense, Inc., a continuous health monitoring and clinical intelligence company, launched its new medical-grade BioButton Rechargeable wearable device, which allows for continuous multi-parameter monitoring of over 20+ vital signs and physiologic biometrics for up to 30 days on a single charge.
  • In JULY 2020 Philips collaborated with BioIntelliSense Inc., to enhance remote patient monitoring for at-risk patients from the hospital into the home.

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Scope Of The Report

Future Market Insights' latest report on the wearable healthcare devices market provides compelling insights into key market governing factors like growth drivers, emerging opportunities, and current wearable healthcare device market trends. It examines how advances in medical technology are paving the way for the development of compact and multipurpose wearable healthcare devices.

The report discusses in detail how a rapid surge in heart-related diseases is pushing the demand for wearable healthcare devices. Besides this, it provides answers to queries like how will an increase in awareness about fitness create sales prospects for wearable medical devices Why is the USA becoming a hub of wearable healthcare devices, And Which factors are spurring sales of wearable healthcare devices across emerging economies

FMI also attempts to highlight the influence of the booming remote patient monitoring devices industry on wearable healthcare device sales. It provides relevant data about emerging wearable healthcare device market trends.

A certain number of chapters have been dedicated to analyzing leading market segments and their respective shares. To make the study easy and more interesting, the report has been interspersed with relevant statistics and graphs.

The Wearable Healthcare Devices Market Analysis Includes:

  • A 10-year realistic sales forecast of wearable healthcare devices across multiple end-use verticals
  • Key insights into various wearable healthcare products, their function, and popularity among end users
  • Top wearable healthcare device manufacturers along with their strategies to penetrate attractive markets
  • Information about recent developments in wearable healthcare devices and emerging wearable healthcare devices market trends
  • The interrelationship between the wearable medical devices market and the wearable healthcare devices market
  • Key market shaping factors including drivers, restraints, and emerging opportunities
  • Systematic analysis of leading segments and regional pockets
  • The winning imperatives in the wearable healthcare devices market
Attributes Details
Forecast Period 2022 to 2032
Historic Data Available for 2015 to 2021
Market Analysis US$ Million for Value
Report Coverage Market forecast, company share analysis, competition intelligence, Drivers, Restraints, Opportunities, and Threats
analysis, market dynamics and challenges, and strategic growth initiatives
Key Segments Covered
  • Product
  • Application
  • Device Type
  • Grade Type
  • Distribution Channel
  • Region
Key regions covered North America
  • USA
  • Canada
  • Rest of North America
Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
Western Europe
  • Germany
  • United Kingdom
  • France
  • Rest of Western Europe
Eastern Europe
  • Russia
  • Spain
  • Rest of Eastern Europe
South Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • Thailand
  • Indonesia
  • South Korea
  • Rest of South Asia & Pacific
Middle East & Africa
  • GCC Countries
  • Turkey
  • Israel
  • Rest of the Middle East and Africa(MEA)
Rest of the World
  • Oceania
  • Africa
  • South America
Consumer Grade
  • Consumer-grade Wearable Healthcare Devices
  • Clinical-grade Wearable Healthcare Devices
Key companies profiled Medtronic PLC, Koninklijke Philips N.V., GE Healthcare, Fitbit Inc, OMRON Corporation, Abbott Laboratories, Garmin Ltd., Dexcom Inc., and Masimo Corporation.
Customization & pricing Available upon request

Key Segments

By Product:

  • Trackers
  • Smartwatches
  • Pathes
  • Smart Clothing

By Application:

  • General Health and Fitness
  • Remote Patient Monitoring
  • Home Healthcare

By Device Type:

  • Diagnostic and Monitoring Devices
  • Vital Sign Monitoring Devices
  • ECG/Heart Rate Monitors
  • Blood Pressure Monitors
  • Wrist Actigraphs
  • Polysomnography Devices
  • Traditional Diagnostic Tests

By Grade Type:

  • Consumer-grade
  • Clinical-grade

By Distribution Channel:

  • Pharmacies
  • Online Channel
  • Hypermarkets

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East & Africa
  • Europe

Frequently Asked Questions

How much is the global wearable healthcare devices market worth?

The global wearable healthcare devices market was estimated to be worth US$ 16 Billion in 2021

What is the growth projection for the wearable healthcare devices market?

As per FMI, the global wearable healthcare devices market is projected to grow at 13% CAGR during the forecast period, reaching around US$ 61 Billion by 2032.

What are the key trends shaping growth in wearable healthcare devices market?

Growing demand for round-the-clock monitoring, increasing awareness of fitness, and the advent of technologically advanced products are some of the key trends shaping market growth.

Which is the most lucrative region wearable healthcare devices market?

North America will continue to remain the most lucrative market for wearable healthcare devices throughout the forecast period.

Table of Content

1. Executive Summary | Wearable Healthcare Devices Market

    1.1. Global Market Outlook

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. FMI Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

    3.1. Risk Assessment

        3.1.1. COVID-19 Crisis and Impact on Demand

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis

        3.1.3. Impact on Market Value (US$ Million)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background

    4.1. Market, by Key Countries

    4.2. Market Opportunity Assessment (US$ Million)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast

        4.3.1. Demand in Optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario

    4.4. Investment Feasibility Analysis

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact

        4.5.1. Top Companies Historical Growth

        4.5.2. Growth in Automation, By Country

        4.5.3. Adoption Rate, By Country

    4.6. Market Dynamics

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking

6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032

    6.1. Historical Market Analysis, 2015 to 2021

    6.2. Current and Future Market Projections, 2022 to 2032

    6.3. Y-o-Y Growth Trend Analysis

7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032

    7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021

    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product

    8.1. Introduction / Key Findings

    8.2. Historical Market Value (US$ Million) and Analysis By Product, 2015 to 2021

    8.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Product, 2022 to 2032

        8.3.1. Trackers

        8.3.2. Smartwatches

        8.3.3. Pathes

        8.3.4. Smart Clothing

    8.4. Market Attractiveness Analysis By Product

9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application

    9.1. Introduction / Key Findings

    9.2. Historical Market Value (US$ Million) and Analysis By Application, 2015 to 2021

    9.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Application, 2022 to 2032

        9.3.1. General Health and Fitness

        9.3.2. Remote Patient Monitoring

        9.3.3. Home Healthcare

    9.4. Market Attractiveness Analysis By Application

10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Device Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Value (US$ Million) and AnalysisBy Device Type, 2015 to 2021

    10.3. Current and Future Market Value (US$ Million) and Analysis and ForecastBy Device Type, 2022 to 2032

        10.3.1. Diagnostic and Monitoring Devices

        10.3.2. Vital Sign Monitoring Devices

        10.3.3. ECG\Heart Rate Monitors

        10.3.4. Blood Pressure Monitors

            10.3.4.1. Pulse Oximeters

            10.3.4.2. Glucose Monitoring Devices

        10.3.5. Wrist Actigraphs

        10.3.6. Polyso Millionography Devices

            10.3.6.1. Sleep Monitoring Devices

            10.3.6.2. Fetal Monitoring and Obstetric Devices

            10.3.6.3. Neuromonitoring Devices

            10.3.6.4. Other Diagnostic and Monitoring Devices

        10.3.7. Traditional Diagnostic Tests

            10.3.7.1. Pain Management Devices

            10.3.7.2. Rehabilitation Devices

            10.3.7.3. Respiratory Therapy Devices

            10.3.7.4. Insulin Pumps

    10.4. Market Attractiveness AnalysisBy Device Type

11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Grade Type

    11.1. Introduction / Key Findings

    11.2. Historical Market Value (US$ Million) and Analysis By Grade Type, 2015 to 2021

    11.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Grade Type, 2022 to 2032

        11.3.1. Consumer-Grade Wearable Healthcare Devices

        11.3.2. Clinical-Grade Wearable Healthcare Devices

    11.4. Market Attractiveness Analysis By Grade Type

12. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Distribution Channel

    12.1. Introduction / Key Findings

    12.2. Historical Market Value (US$ Million) and Analysis By Distribution Channel, 2015 to 2021

    12.3. Current and Future Market Value (US$ Million) and Analysis and Forecast By Distribution Channel, 2022 to 2032

        12.3.1. Pharmacies

        12.3.2. Online Channel

        12.3.3. Hypermarkets

    12.4. Market Attractiveness Analysis By Distribution Channel

13. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region

    13.1. Introduction

    13.2. Historical Market Value (US$ Million) and Analysis By Region, 2015 to 2021

    13.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032

        13.3.1. North America

        13.3.2. Latin America

        13.3.3. Europe

        13.3.4. Asia Pacific

        13.3.5. Middle East and Africa (MEA)

    13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021

    14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        14.4.1. By Country

            14.4.1.1. USA

            14.4.1.2. Canada

            14.4.1.3. Rest of North America

        14.4.2. By Device Type

        14.4.3. By Product

        14.4.4. By Application

        14.4.5. By Grade Type

        14.4.6. By Distribution Channel

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Device Type

        14.5.3. By Product

        14.5.4. By Application

        14.5.5. By Grade Type

        14.5.6. By Distribution Channel

15. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021

    15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        15.4.1. By Country

            15.4.1.1. Brazil

            15.4.1.2. Mexico

            15.4.1.3. Rest of Latin America

        15.4.2. By Device Type

        15.4.3. By Product

        15.4.4. By Application

        15.4.5. By Grade Type

        15.4.6. By Distribution Channel

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Device Type

        15.5.3. By Product

        15.5.4. By Application

        15.5.5. By Grade Type

        15.5.6. By Distribution Channel

16. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021

    16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        16.4.1. By Country

            16.4.1.1. Germany

            16.4.1.2. France

            16.4.1.3. United Kingdom

            16.4.1.4. Italy

            16.4.1.5. Russia

            16.4.1.6. Rest of Europe

        16.4.2. By Device Type

        16.4.3. By Product

        16.4.4. By Application

        16.4.5. By Grade Type

        16.4.6. By Distribution Channel

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Device Type

        16.5.3. By Product

        16.5.4. By Application

        16.5.5. By Grade Type

        16.5.6. By Distribution Channel

17. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021

    17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        17.4.1. By Country

            17.4.1.1. China

            17.4.1.2. Japan

            17.4.1.3. South Korea

            17.4.1.4. Rest of Asia Pacific

        17.4.2. By Device Type

        17.4.3. By Product

        17.4.4. By Application

        17.4.5. By Grade Type

        17.4.6. By Distribution Channel

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Device Type

        17.5.3. By Product

        17.5.4. By Application

        17.5.5. By Grade Type

        17.5.6. By Distribution Channel

18. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Value (US$ Million) and Trend Analysis By Market Taxonomy, 2015 to 2021

    18.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032

        18.4.1. By Country

            18.4.1.1. GCC Countries

            18.4.1.2. South Africa

            18.4.1.3. Turkey

            18.4.1.4. Rest of Middle East and Africa

        18.4.2. By Device Type

        18.4.3. By Product

        18.4.4. By Application

        18.4.5. By Grade Type

        18.4.6. By Distribution Channel

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Device Type

        18.5.3. By Product

        18.5.4. By Application

        18.5.5. By Grade Type

        18.5.6. By Distribution Channel

19. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032

    19.1. Introduction

        19.1.1. Market Value Proportion Analysis, By Key Countries

        19.1.2. Global Vs. Country Growth Comparison

    19.2. USA Market Analysis

        19.2.1. Value Proportion Analysis by Market Taxonomy

        19.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.2.2.1. By Device Type

            19.2.2.2. By Product

            19.2.2.3. By Application

            19.2.2.4. By Grade Type

            19.2.2.5. By Distribution Channel

    19.3. Canada Market Analysis

        19.3.1. Value Proportion Analysis by Market Taxonomy

        19.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.3.2.1. By Device Type

            19.3.2.2. By Product

            19.3.2.3. By Application

            19.3.2.4. By Grade Type

            19.3.2.5. By Distribution Channel

    19.4. Mexico Market Analysis

        19.4.1. Value Proportion Analysis by Market Taxonomy

        19.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.4.2.1. By Device Type

            19.4.2.2. By Product

            19.4.2.3. By Application

            19.4.2.4. By Grade Type

            19.4.2.5. By Distribution Channel

    19.5. Brazil Market Analysis

        19.5.1. Value Proportion Analysis by Market Taxonomy

        19.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.5.2.1. By Device Type

            19.5.2.2. By Product

            19.5.2.3. By Application

            19.5.2.4. By Grade Type

            19.5.2.5. By Distribution Channel

    19.6. Germany Market Analysis

        19.6.1. Value Proportion Analysis by Market Taxonomy

        19.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.6.2.1. By Device Type

            19.6.2.2. By Product

            19.6.2.3. By Application

            19.6.2.4. By Grade Type

            19.6.2.5. By Distribution Channel

    19.7. France Market Analysis

        19.7.1. Value Proportion Analysis by Market Taxonomy

        19.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.7.2.1. By Device Type

            19.7.2.2. By Product

            19.7.2.3. By Application

            19.7.2.4. By Grade Type

            19.7.2.5. By Distribution Channel

    19.8. Italy Market Analysis

        19.8.1. Value Proportion Analysis by Market Taxonomy

        19.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.8.2.1. By Device Type

            19.8.2.2. By Product

            19.8.2.3. By Application

            19.8.2.4. By Grade Type

            19.8.2.5. By Distribution Channel

    19.9. Russia Market Analysis

        19.9.1. Value Proportion Analysis by Market Taxonomy

        19.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.9.2.1. By Device Type

            19.9.2.2. By Product

            19.9.2.3. By Application

            19.9.2.4. By Grade Type

            19.9.2.5. By Distribution Channel

    19.10. United Kingdom Market Analysis

        19.10.1. Value Proportion Analysis by Market Taxonomy

        19.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.10.2.1. By Device Type

            19.10.2.2. By Product

            19.10.2.3. By Application

            19.10.2.4. By Grade Type

            19.10.2.5. By Distribution Channel

    19.11. China Market Analysis

        19.11.1. Value Proportion Analysis by Market Taxonomy

        19.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.11.2.1. By Device Type

            19.11.2.2. By Product

            19.11.2.3. By Application

            19.11.2.4. By Grade Type

            19.11.2.5. By Distribution Channel

    19.12. Japan Market Analysis

        19.12.1. Value Proportion Analysis by Market Taxonomy

        19.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.12.2.1. By Device Type

            19.12.2.2. By Product

            19.12.2.3. By Application

            19.12.2.4. By Grade Type

            19.12.2.5. By Distribution Channel

    19.13. South Korea Market Analysis

        19.13.1. Value Proportion Analysis by Market Taxonomy

        19.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.13.2.1. By Device Type

            19.13.2.2. By Product

            19.13.2.3. By Application

            19.13.2.4. By Grade Type

            19.13.2.5. By Distribution Channel

    19.14. GCC Countries Market Analysis

        19.14.1. Value Proportion Analysis by Market Taxonomy

        19.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.14.2.1. By Device Type

            19.14.2.2. By Product

            19.14.2.3. By Application

            19.14.2.4. By Grade Type

            19.14.2.5. By Distribution Channel

    19.15. South Africa Market Analysis

        19.15.1. Value Proportion Analysis by Market Taxonomy

        19.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.15.2.1. By Device Type

            19.15.2.2. By Product

            19.15.2.3. By Application

            19.15.2.4. By Grade Type

            19.15.2.5. By Distribution Channel

    19.16. Turkey Market Analysis

        19.16.1. Value Proportion Analysis by Market Taxonomy

        19.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032

            19.16.2.1. By Device Type

            19.16.2.2. By Product

            19.16.2.3. By Application

            19.16.2.4. By Grade Type

            19.16.2.5. By Distribution Channel

        19.16.3. Competition Landscape and Player Concentration in the Country

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies

    20.2. Market Concentration

    20.3. Market Share Analysis of Top Players

    20.4. Market Presence Analysis

        20.4.1. By Regional Footprint of Players

        20.4.2. Product Footprint by Players

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive

        21.3.1. Apple Inc. (USA)

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Sales Footprint

            21.3.1.4. Strategy Overview

        21.3.2. Koninklijke Philips N.V. (Netherlands)

            21.3.2.1. Overview

            21.3.2.2. Product Portfolio

            21.3.2.3. Sales Footprint

            21.3.2.4. Strategy Overview

        21.3.3. Fitbit Inc. (USA)

            21.3.3.1. Overview

            21.3.3.2. Product Portfolio

            21.3.3.3. Sales Footprint

            21.3.3.4. Strategy Overview

        21.3.4. OMRON Corporation (Japan)

            21.3.4.1. Overview

            21.3.4.2. Product Portfolio

            21.3.4.3. Sales Footprint

            21.3.4.4. Strategy Overview

        21.3.5. Medtronic PLC (Ireland)

            21.3.5.1. Overview

            21.3.5.2. Product Portfolio

            21.3.5.3. Sales Footprint

            21.3.5.4. Strategy Overview

        21.3.6. GE Healthcare (USA)

            21.3.6.1. Overview

            21.3.6.2. Product Portfolio

            21.3.6.3. Sales Footprint

            21.3.6.4. Strategy Overview

        21.3.7. Abbott Laboratories (USA)

            21.3.7.1. Overview

            21.3.7.2. Product Portfolio

            21.3.7.3. Sales Footprint

            21.3.7.4. Strategy Overview

        21.3.8. Garmin Ltd. (USA)

            21.3.8.1. Overview

            21.3.8.2. Product Portfolio

            21.3.8.3. Sales Footprint

            21.3.8.4. Strategy Overview

        21.3.9. Dexcom Inc. (USA)

            21.3.9.1. Overview

            21.3.9.2. Product Portfolio

            21.3.9.3. Sales Footprint

            21.3.9.4. Strategy Overview

        21.3.10. Masimo Corporation (USA)

            21.3.10.1. Overview

            21.3.10.2. Product Portfolio

            21.3.10.3. Sales Footprint

            21.3.10.4. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

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