Connected Wearable Device Market in Healthcare, Wellness and Fitness 2020-2025: Analyzed by Device Type, Use Case and Application - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 31, 2020--
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.
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.
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
3 Wearable Technology Ecosystem
3.1 Wearable Technology Device and Application
3.2 Sensors in Wearable Systems
3.3 Wearables and Cloud Environment
3.4 Wearable Technology Adoption Factors
3.5 Wearable Device and Data Access Factors
3.6 Wearable Technology Future
3.7 Wearable Technology Key Success Factors
3.8 Evolution of the Wearable Tech Ecosystem
4 Wearable Devices in Medical, Wellness, and Fitness Market Forecasts 2020-2025
4.1 Global Wearable Device Forecasts 2020-2025
4.1.1 Global Aggregate Wearable Technology Market
4.1.2 Global Wearable Technology Market by Device Type
4.1.3 Global Wearable Technology Market in Healthcare 2020-2025
4.1.4 Regional Wearable Technology Market in Healthcare 2020-2025
5 Company Analysis
5.1 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 & Johnson
5.6 Smiths Group plc
5.7 Roche Holding AG
5.11 Medtronic PLC
5.34 StarVR Corp.
5.40 Leapfrog Enterprises Inc.
5.41 LG Electronics
5.42 LifeBEAM Inc.
5.43 Meta Company
5.44 Mio Global
5.46 Monster Inc.
5.48 Nike Inc.
5.49 NTT Docomo Inc.
5.50 Oculus VR LLC
5.52 Actofit Wearables
5.54 Polar Electro
5.55 Qardio Inc.
5.56 Recon Instruments
5.57 Reebok International Limited
5.58 Samsung Electronics Co. Ltd.
5.60 Sony Corporation
5.61 Soundbrenner Limited
5.62 Sqord Inc.
5.64 Thalmic Labs Inc.
5.65 Timex.com Inc.
5.67 Tobii AB
5.69 Weartrons Labs
5.71 Zepp US Inc.
5.72 ZTE Corporation
6 Conclusions and Recommendations
6.1 Future of Wearable Devices in Healthcare
6.2 Future Devices
7 Appendix: Overall Connected Device Market and Forecasts
7.1 Global Connected Medical Device Market Outlook
7.2 Connected Medical Device Market by Manufacturing Method 2020-2025
7.3 Connected Medical Device Market by Location/Usage 2020-2025
7.4 Connected Medical Device Market by Connectivity Method
7.5 Connected Medical Device Markets by Region 2020-2025
For more information about this report visit https://www.researchandmarkets.com/r/4tncyb
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INDUSTRY KEYWORD: TECHNOLOGY HARDWARE CONSUMER ELECTRONICS
SOURCE: Research and Markets
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PUB: 01/31/2020 09:05 AM/DISC: 01/31/2020 09:05 AM