Wearable Vital Signs Measurement Devices Market Report: Trends, Forecast and Competitive Analysis to 2030

Wearable Vital Signs Measurement Devices Trends and Forecast

The future of the global wearable vital signs measurement devices market looks promising with opportunities in the healthcare institution, sports and fitness enthusiasts, and individual consumer markets. The global wearable vital signs measurement devices market is expected to grow with a CAGR of 13.2% from 2024 to 2030. The major drivers for this market are the rising prevalence of chronic conditions such as diabetes, hypertension, and cardiovascular disease that can continually monitor vital signs, expanding geriatric population that is vulnerable to health problems, as well as, wearable vital signs measuring systems are becoming more precise and convenient as sensor technology, downsizing, and wireless connectivity advance.

A more than 150-page report is developed to help in your business decisions.

Wearable Vital Signs Measurement Devices by Segment

The study includes a forecast for the global wearable vital signs measurement devices by distribution channel, product type, end use, and region.

Wearable Vital Signs Measurement Devices Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Online Retail
• Specialty Stores
• Healthcare Providers

Wearable Vital Signs Measurement Devices Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Smartwatches
• Fitness Bands
• Chest Straps
• Smart Rings
• Patches
• Other

Wearable Vital Signs Measurement Devices Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Healthcare Institutions
• Sports Fitness Enthusiasts
• Individual Consumers
• Others

Wearable Vital Signs Measurement Devices Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Wearable Vital Signs Measurement Devices Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wearable vital signs measurement devices companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wearable vital signs measurement devices companies profiled in this report include-

• Fitbit
• Apple
• Samsung Electronics
• Garmin
• Omron
• Withings
• Medtronic
• Masimo
• Biotelemetry
• Vitalconnect

Wearable Vital Signs Measurement Devices Market Insights

Lucintel forecasts that smartwatch is expected to witness highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period due to escalating frequency of persistent health conditions, prolonged illnesses, and a rising demographic of older individuals in the region.

Features of the Global Wearable Vital Signs Measurement Devices Market

Market Size Estimates: Wearable vital signs measurement devices market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Wearable vital signs measurement devices market size by distribution channel, product type, end use, and region in terms of value ($B).

Regional Analysis: Wearable vital signs measurement devices market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different distribution channel, product type, end use, and regions for the wearable vital signs measurement devices market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wearable vital signs measurement devices market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for wearable vital signs measurement devices market?

Answer: The global wearable vital signs measurement devices market is expected to grow with a CAGR of 13.2% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the wearable vital signs measurement devices market?

Answer: The major drivers for this market are the rising prevalence of chronic conditions such as diabetes, hypertension, and cardiovascular disease that can continually monitor vital signs, expanding geriatric population that is vulnerable to health problems, as well as, wearable vital signs measuring systems are becoming more precise and convenient as sensor technology, downsizing, and wireless connectivity advance.

Q3. What are the major segments for wearable vital signs measurement devices market?

Answer: The future of the global wearable vital signs measurement devices market looks promising with opportunities in the healthcare institution, sports and fitness enthusiasts, and individual consumer markets.

Q4. Who are the key wearable vital signs measurement devices market companies?

Answer: Some of the key wearable vital signs measurement devices companies are as follows.

• Fitbit
• Apple
• Samsung Electronics
• Garmin
• Omron
• Withings
• Medtronic
• Masimo
• Biotelemetry
• Vitalconnect

Q5. Which wearable vital signs measurement devices market segment will be the largest in future?

Answer: Lucintel forecasts that smartwatch is expected to witness highest growth over the forecast period.

Q6. In wearable vital signs measurement devices market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to escalating frequency of persistent health conditions, prolonged illnesses, and a rising demographic of older individuals in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the wearable vital signs measurement devices market by distribution channel (online retail, specialty stores, and healthcare providers), product type (smartwatches, fitness bands, chest straps, smart rings, patches, and other), end use (healthcare institutions, sports fitness enthusiasts, individual consumers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?