Global Smart Wearable Healthcare Devices Market 2024-2028

The smart wearable healthcare devices market is forecasted to grow by USD 24.22 bn during 2023-2028, accelerating at a CAGR of 15.51% during the forecast period. The report on the smart wearable healthcare devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus on patient engagement, growing awareness and preference for home healthcare, and integration with healthcare system.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	13.65%
CAGR	15.51%
Incremental Value	$24.22bn

Technavio's smart wearable healthcare devices market is segmented as below:

By Product

Fitness band
Smart watches
Smart glasses

By Distribution Channel

Online
Offline

By Geographical Landscape

North America
Europe
Asia
Rest of World (ROW)

This study identifies the increasing adoption of self-monitoring of vital organs as one of the prime reasons driving the smart wearable healthcare devices market growth during the next few years. Also, adoption of telemedicine by telecommunication technology and increasing adoption of AI (artificial intelligence) and 5G will lead to sizable demand in the market.

The report on the smart wearable healthcare devices market covers the following areas:

Smart wearable healthcare devices market sizing
Smart wearable healthcare devices market forecast
Smart wearable healthcare devices market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart wearable healthcare devices market vendors that include Alphabet Inc., Apple Inc., Biobeat Technologies Ltd., BioIntelliSense Inc., Biotricity Inc., Boston Scientific Corp., Contec Medical Systems Co. Ltd., Cyrcadia Asia Ltd., Dexcom Inc., Garmin Ltd., Huawei Technologies Co. Ltd., iRhythm Technologies Inc., Koninklijke Philips N.V., Masimo Corp., Nokia Corp., OMRON Corp., Polar Electro Oy, Samsung Electronics Co. Ltd., ten3T Healthcare, and VitalConnect Inc.. Also, the smart wearable healthcare devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71091

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global smart wearable healthcare devices market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global smart wearable healthcare devices market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Fitness band - Market size and forecast 2023-2028
Exhibit 34: Chart on Fitness band - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Fitness band - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Fitness band - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Fitness band - Year-over-year growth 2023-2028 (%)
6.4 Smart watches - Market size and forecast 2023-2028
Exhibit 38: Chart on Smart watches - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Smart watches - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Smart watches - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Smart watches - Year-over-year growth 2023-2028 (%)
6.5 Smart glasses - Market size and forecast 2023-2028
Exhibit 42: Chart on Smart glasses - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Smart glasses - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Smart glasses - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Smart glasses - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
Exhibit 46: Market opportunity by Product ($ billion)
Exhibit 47: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Distribution Channel

7.1 Market segments
Exhibit 48: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 49: Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Exhibit 50: Chart on Comparison by Distribution Channel
Exhibit 51: Data Table on Comparison by Distribution Channel
7.3 Online - Market size and forecast 2023-2028
Exhibit 52: Chart on Online - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Online - Year-over-year growth 2023-2028 (%)
7.4 Offline - Market size and forecast 2023-2028
Exhibit 56: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Exhibit 60: Market opportunity by Distribution Channel ($ billion)
Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 Asia - Market size and forecast 2023-2028
Exhibit 75: Chart on Asia - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Asia - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Asia - Year-over-year growth 2023-2028 (%)
9.6 Rest of World (ROW) - Market size and forecast 2023-2028
Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
9.7 US - Market size and forecast 2023-2028
Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
9.8 Germany - Market size and forecast 2023-2028
Exhibit 87: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.9 UK - Market size and forecast 2023-2028
Exhibit 91: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 Canada - Market size and forecast 2023-2028
Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ billion)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Alphabet Inc.
Exhibit 111: Alphabet Inc. - Overview
Exhibit 112: Alphabet Inc. - Business segments
Exhibit 113: Alphabet Inc. - Key news
Exhibit 114: Alphabet Inc. - Key offerings
Exhibit 115: Alphabet Inc. - Segment focus
12.4 Apple Inc.
Exhibit 116: Apple Inc. - Overview
Exhibit 117: Apple Inc. - Business segments
Exhibit 118: Apple Inc. - Key news
Exhibit 119: Apple Inc. - Key offerings
Exhibit 120: Apple Inc. - Segment focus
12.5 Biobeat Technologies Ltd.
Exhibit 121: Biobeat Technologies Ltd. - Overview
Exhibit 122: Biobeat Technologies Ltd. - Product / Service
Exhibit 123: Biobeat Technologies Ltd. - Key offerings
12.6 Boston Scientific Corp.
Exhibit 124: Boston Scientific Corp. - Overview
Exhibit 125: Boston Scientific Corp. - Business segments
Exhibit 126: Boston Scientific Corp. - Key news
Exhibit 127: Boston Scientific Corp. - Key offerings
Exhibit 128: Boston Scientific Corp. - Segment focus
12.7 Contec Medical Systems Co. Ltd.
Exhibit 129: Contec Medical Systems Co. Ltd. - Overview
Exhibit 130: Contec Medical Systems Co. Ltd. - Product / Service
Exhibit 131: Contec Medical Systems Co. Ltd. - Key offerings
12.8 Dexcom Inc.
Exhibit 132: Dexcom Inc. - Overview
Exhibit 133: Dexcom Inc. - Product / Service
Exhibit 134: Dexcom Inc. - Key news
Exhibit 135: Dexcom Inc. - Key offerings
12.9 Garmin Ltd.
Exhibit 136: Garmin Ltd. - Overview
Exhibit 137: Garmin Ltd. - Business segments
Exhibit 138: Garmin Ltd. - Key offerings
Exhibit 139: Garmin Ltd. - Segment focus
12.10 Huawei Technologies Co. Ltd.
Exhibit 140: Huawei Technologies Co. Ltd. - Overview
Exhibit 141: Huawei Technologies Co. Ltd. - Business segments
Exhibit 142: Huawei Technologies Co. Ltd. - Key news
Exhibit 143: Huawei Technologies Co. Ltd. - Key offerings
Exhibit 144: Huawei Technologies Co. Ltd. - Segment focus
12.11 iRhythm Technologies Inc.
Exhibit 145: iRhythm Technologies Inc. - Overview
Exhibit 146: iRhythm Technologies Inc. - Product / Service
Exhibit 147: iRhythm Technologies Inc. - Key offerings
12.12 Koninklijke Philips N.V.
Exhibit 148: Koninklijke Philips N.V. - Overview
Exhibit 149: Koninklijke Philips N.V. - Business segments
Exhibit 150: Koninklijke Philips N.V. - Key news
Exhibit 151: Koninklijke Philips N.V. - Key offerings
Exhibit 152: Koninklijke Philips N.V. - Segment focus
12.13 Masimo Corp.
Exhibit 153: Masimo Corp. - Overview
Exhibit 154: Masimo Corp. - Product / Service
Exhibit 155: Masimo Corp. - Key offerings
12.14 Nokia Corp.
Exhibit 156: Nokia Corp. - Overview
Exhibit 157: Nokia Corp. - Business segments
Exhibit 158: Nokia Corp. - Key offerings
Exhibit 159: Nokia Corp. - Segment focus
12.15 OMRON Corp.
Exhibit 160: OMRON Corp. - Overview
Exhibit 161: OMRON Corp. - Business segments
Exhibit 162: OMRON Corp. - Key news
Exhibit 163: OMRON Corp. - Key offerings
Exhibit 164: OMRON Corp. - Segment focus
12.16 Samsung Electronics Co. Ltd.
Exhibit 165: Samsung Electronics Co. Ltd. - Overview
Exhibit 166: Samsung Electronics Co. Ltd. - Business segments
Exhibit 167: Samsung Electronics Co. Ltd. - Key news
Exhibit 168: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 169: Samsung Electronics Co. Ltd. - Segment focus
12.17 VitalConnect Inc.
Exhibit 170: VitalConnect Inc. - Overview
Exhibit 171: VitalConnect Inc. - Product / Service
Exhibit 172: VitalConnect Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 175: Currency conversion rates for US$
13.4 Research methodology
Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources
13.5 List of abbreviations
Exhibit 179: List of abbreviations