Dublin, Jan. 08, 2021 (GLOBE NEWSWIRE) -- The "Connected Wearable Device Market in Healthcare, Wellness, and Fitness by Device Type, Use Case, and Application 2021-2026" 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 and related industries including fitness and well being.
The report also provides an outlook for the future of wearable devices in medical, wellness, and fitness with forecasts for the period 2021-2026. This includes application analysis and forecasts by physiological activity and the role of wearables in elder care and assisted living.
There is 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, 23 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 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.
Select Report Findings
The global market for health and fitness trackers will reach $8.98 billion by 2026
Privacy and security concerns continue to damper the market significantly at present
Wearables are rapidly moving into the preventative care, diagnostics, and urgent care segment
There is a need for efficient device tracking in terms of both care of custody for delivery as well as usage
The medical device market is rapidly crossing over into the general health, fitness, and well-being category
Forecasting for wearables in the healthcare market globally and regionally for 2021-2026
Identify key success factors for consumer adoption and usage of wearables in healthcare
Understand the factors driving adoption and usage for wearables in healthcare, fitness, and well-being market
Identify leading companies, strategies,products, applications, and solutions for wearable technology in healthcare
Obtain a vision for the future of wearables in healthcare including the evolution of wearable technology form factors and usage behaviors
Key Topics Covered:
1. Executive Summary
2.1 Wearable Technology Overview
2.2 Wearable Technology Supply and Demand Dynamics
2.3 Wearable Technology Market Opportunities
2.4 Wearable Technology Market Challenges
2.4.1 Security and Privacy Concerns
2.4.2 Function vs. Form Factors Challenges
2.4.3 Power Management Constraints
2.4.4 High R&D = High Price for Initial Products
2.4.5 Usage Restrictions Impede Access
3. Wearable Technology Ecosystem
3.1 Wearable Technology Device and Application
3.1.1 Personal Health and Fitness Management
22.214.171.124 Activity Trackers
126.96.36.199 GPS Monitoring
188.8.131.52 Other Wearable Devices
3.1.2 Personal Health Insurance
3.1.3 Prevention, Diagnosis, and Management of Disease
3.1.4 Healthcare and Medical Devices
184.108.40.206 Respiratory Monitoring
220.127.116.11 Circulatory Monitoring
18.104.22.168 Google Glass in Healthcare
3.1.5 Sports Performance Enhancement
22.214.171.124 Sport Brands
126.96.36.199 Textiles and Footwear
188.8.131.52 Devices for Particular Sports
184.108.40.206 Wearable Chemical Sensors
220.127.116.11 Concussion Detection
18.104.22.168 Objective Refereeing
3.2 Sensors in Wearable Systems
3.2.1 Flexible Sensors and Nano-sensors
3.2.2 Movement Sensors
3.2.3 Respiration Sensors
3.2.4 Piezoelectric Usage in Sensors
3.2.5 Skin Sensors
3.2.6 Thermal Sensors
3.2.7 Heart Rate Monitors
3.3 Wearables and Cloud Environment
3.4 Wearable Technology Adoption Factors
3.4.1 Enterprise Adoption Challenges
3.4.2 Industry Specific Factors
3.5 Wearable Device and Data Access Factors
3.6 Wearable Technology Future
3.6.1 Continued Growth in Fitness and Health
3.6.2 Importance of Aesthetics
3.6.3 Beyond Glasses, Fitness Bands, and Watches
3.6.4 Emergence of Ambient Internet of Things (IoT)
3.6.5 Wearables, Data, and Analytics
3.6.6 Continued Downward Price Pressure
3.6.7 Expanding to Enterprise and Workplace
3.7 Wearable Technology Key Success Factors
3.8 Evolution of the Wearable Tech Ecosystem
4. Company Analysis
4.1 Xiaomi Corporation
4.2 Guangdong BBK Electronics Industry Co. Ltd
4.3 Alphabet Inc.
4.4 Lifesense Group B.V.
4.5 Johnson & Johnson
4.6 Smiths Group plc
4.7 Roche Holding AG
4.8 Apple Inc.
4.9 Koninklijke Philips N.V
4.10 Qualcomm Inc.
4.11 Medtronic PLC
4.12 3L Labs
4.13 4iiii Innovations Inc.
4.14 Adidas America Inc.
4.15 Atlas Wearables Inc.
4.16 Avegant Corp.
4.17 BSX Insight
4.18 Casio America Inc.
4.19 ConnectDevice Holding Ltd.
4.21 Seiko Epson Corp.
4.22 FitBit Inc.
4.23 ActiveLinxx LLC
4.25 Free Wavz
4.27 Garmin Ltd.
4.31 Huawei Technologies Co. Ltd.
4.32 iHealth Labs Inc.
4.33 StarVR Corp
4.35 Intel Corporation
4.39 Leapfrog Enterprises Inc.
4.40 LG Electronics
4.41 LifeBEAM (Vi Inc.)
4.42 Mio Labs
4.44 Monster Inc.
4.46 Nike Inc.
4.47 NTT Docomo Inc.
4.48 Oculus VR LLC
4.50 Actofit Wearables
4.51 Polar Electro
4.52 Qardio Inc.
4.53 Recon Instruments
4.54 Reebok International Limited
4.55 Samsung Electronics Co. Ltd.
4.57 Sony Corporation
4.58 Soundbrenner Limited
4.59 Sqord Inc.
4.61 Thalmic Labs Inc.
4.62 Timex.com Inc.
4.64 Tobii AB
4.66 Weartrons Labs
4.68 Zepp Inc.
4.69 ZTE Corporation
5. Market Analysis and Forecast 2021-2026
5.1 Global Wearable Device Market 2021-2026
5.1.1 Global Wearable Device Market
5.1.2 Global Wearable Device Market by Type
5.1.3 Global Wearable Device Market by Application
5.2 Global Wearable Device Market in Healthcare, Sports and Fitness 2021-2026
5.2.1 Global Wearable Device Market in Healthcare, Sports and Fitness
5.2.2 Global Wearable Device Market by Healthcare, Sports and Fitness Application
5.3 Regional Wearable Device Market in Healthcare, Sports and Fitness 2021-2026
5.3.1 Wearable Device Market in Healthcare, Sports and Fitness by Region
5.4 Global Wearable Device Deployment Unit 2021-2026
5.4.1 Global Wearable Device Deployment Unit
5.4.2 Global Wearable Device Deployment Unit by Type
5.4.3 Global Wearable Device Deployment Unit by Application
5.5 Global Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2021-2026
5.5.1 Global Wearable Device Deployment Unit in Healthcare, Sports and Fitness
5.5.2 Global Wearable Device Deployment Unit by Healthcare, Sports and Fitness Application
5.6 Regional Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2021-2026
5.6.1 Wearable Device Deployment Unit in Healthcare, Sports and Fitness by Region
6. Conclusions and Recommendations
6.1 Future of Wearable Devices in Healthcare
6.1.1 Area of Concern: Privacy and Security
6.1.2 Area of Opportunity: Healthcare Data Analysis
6.2 Future Devices
6.2.1 Increased System and Device Integration
6.2.2 Implantable Medical Devices
7.1 Overall Connected Device Market and Forecasts
7.1.1 Primary Market Drivers
7.1.2 Wearables in the Workplace
22.214.171.124 Workplace Adoption Factors
126.96.36.199 Wearables in Manufacturing
188.8.131.52 Wearables in Healthcare Industry
7.2 Global Connected Medical Device Market Outlook 2021-2026
7.2.1 Global Connected Medical Device Market
7.2.2 Global Connected Medical Device Market by Manufacturing Method 2021-2026
7.2.3 Global Connected Medical Device Market by Location/Usage 2021-2026
7.2.4 Global Connected Medical Device Market by Connectivity Method 2021-2026
7.2.5 Global Connected Medical Device Market by Region 2021-2026
For more information about this report visit https://www.researchandmarkets.com/r/3cjsdl
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