North America Medical Wellness Devices Market by Product Type, End-Use, and Country-wise Insights: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the North America Medical Wellness Devices Market. The report offers an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Medical Wellness Devices Market Size (2024E): USD 38.8 Bn
Projected Market Value (2033F): USD 72.3 Bn
Regional Market Growth Rate (CAGR 2024 to 2033): 7.2%

Medical Wellness Devices Market - Report Scope:

The North America Medical Wellness Devices Market is experiencing significant growth, driven by increasing consumer awareness and demand for wellness-oriented products. These devices, ranging from fitness trackers to advanced therapeutic equipment, are designed to monitor, improve, and manage various aspects of health and wellness. The market is characterized by a diverse range of products, catering to the needs of both consumers and healthcare providers. Key factors propelling market growth include the rising prevalence of chronic diseases, the growing focus on preventive healthcare, and technological advancements in wearable and non-invasive medical devices.

Market Growth Drivers:

The North America Medical Wellness Devices Market is primarily driven by the increasing adoption of wearable wellness devices, which enable users to monitor their health metrics in real time. The growing trend towards personalized healthcare and the integration of artificial intelligence (AI) and Internet of Things (IoT) in wellness devices are further fueling market growth. Additionally, the aging population and the rising prevalence of lifestyle-related health conditions, such as obesity and diabetes, are driving the demand for medical wellness devices. These devices offer consumers the ability to track their health, receive personalized insights, and make informed decisions about their well-being, thereby enhancing market penetration.

Market Restraints:

Despite the promising growth, the North America Medical Wellness Devices Market faces challenges such as high device costs, data privacy concerns, and regulatory hurdles. The initial investment required for advanced wellness devices can be a barrier for many consumers, limiting market reach. Moreover, concerns regarding the security of personal health data and the need for compliance with stringent regulatory standards pose challenges for manufacturers and service providers. Ensuring user trust and compliance with healthcare regulations are critical factors that need to be addressed to sustain market growth.

Market Opportunities:

The North America Medical Wellness Devices Market offers substantial growth opportunities, driven by the increasing integration of AI and machine learning in wellness devices, which enhance their functionality and user experience. The growing popularity of telehealth and remote patient monitoring provides an additional avenue for market expansion, as medical wellness devices play a crucial role in these services. Collaborations between tech companies and healthcare providers are creating innovative solutions that address specific health concerns, thereby broadening the market's scope. Furthermore, the trend towards preventive healthcare is expected to drive demand for wellness devices, creating new opportunities for market players.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the North America Medical Wellness Devices Market?
Which medical wellness devices are gaining the most traction among consumers and healthcare providers?
How are technological advancements reshaping the competitive landscape of the medical wellness devices market?
Who are the key players in the market, and what strategies are they employing to maintain their competitive edge?
What are the emerging trends and future prospects in the North America Medical Wellness Devices Market?

Competitive Intelligence and Business Strategy:

Leading players in the North America Medical Wellness Devices Market, such as Fitbit, Garmin, and Omron Healthcare, are focusing on innovation, product development, and strategic partnerships to gain a competitive edge. These companies are investing in R&D to develop advanced wellness devices that offer enhanced features, such as improved accuracy, real-time data analysis, and seamless integration with other digital health platforms. Collaborations with healthcare providers and tech companies are facilitating the development of holistic wellness solutions that address the needs of a broad consumer base. Emphasis on user experience, data security, and regulatory compliance is critical to sustaining growth and ensuring the long-term success of medical wellness devices in the market.

Key Companies Profiled:

Abbott
3M Company
Dexcom, Inc.
F. Hoffmann-La Roche AG t
Koninklijke Philips N.V.,
Fossil Group, Inc.
Garmin Ltd
LifeScan, Inc.
Tandem Diabetes Care
Masimo Corporation
Fitbit, Inc.
Garmin Ltd
Withings
Oura
Verilux, Inc.,
Otto Bock Holding GmbH& Co

Key Segments Covered in North America Medical Wellness Devices Industry Research

Product:

Blood Pressure Monitors
Diabetic Monitoring Devices
Thermometers
Pulse Oximeters
Sleep Trackers
Mask Sleep Trackers
Smart Watches
Massagers and Pain Relief
Mobility Care
Braces and Supports
Orthotic
Functional Orthotics
Accommodative Orthotics
Light Therapy

End User:

Institutional Sales
Retail Sales

Country:

U.S.
Canada

Product Code: PMRREP32486

1. Executive Summary

1.1. North America Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Adoption Rate/Usage Analysis - Key Statistics
4.2. Value Chain Analysis
4.3. Regulatory Scenario
4.4. Product USP Analysis
4.5. PESTEL Analysis
4.6. Porter's Analysis

5. Market Background

5.1. Macro-Economic Factors
- 5.1.1. North America GDP Growth Outlook
- 5.1.2. North America Healthcare Outlook
- 5.1.3. Global Medical Wellness Devices Market Outlook
5.2. Forecast Factors - Relevance & Impact
- 5.2.1. Product Adoption Rate
- 5.2.2. Prevalence of Chronic Diseases
- 5.2.3. Strategic Collaborations
- 5.2.4. Rising Diabetic Patients
- 5.2.5. Increasing Obesity Rates
- 5.2.6. Acquisition of Local Players
5.3. Market Dynamics
- 5.3.1. Drivers
- 5.3.2. Restraints
- 5.3.3. Opportunity Analysis

6. COVID-19 Crisis Analysis

6.1. COVID-19 and Impact Analysis
- 6.1.1. By Product
- 6.1.2. By Distribution Channel
- 6.1.3. By Country
6.2. 2022 Market Scenario

7. North America Medical Wellness Devices Market Demand (in Volume (Units) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Volume (Units) Analysis, 2019-2023
7.2. Current and Future Market Volume (Units) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis

8. North America Medical Wellness Devices Market - Pricing Analysis

8.1. North America Pricing Analysis By Product
8.2. Pricing Break-up
- 8.2.1. Manufacturer Level Pricing
- 8.2.2. Distributor Level Pricing
8.3. Pricing Assumptions

9. North America Medical Wellness Devices Market Demand (in Value US$ Bn) Analysis 2019-2023 and Forecast, 2024-2033

9.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
9.2. Current and Future Market Value (US$ Bn) Analysis and Forecast, 2024-2033
- 9.2.1. Y-o-Y Growth Trend Analysis
- 9.2.2. Absolute $ Opportunity Analysis

10. North America Medical Wellness Devices Market Analysis 2019-2023 and Forecast 2024-2033, By Product

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, by Product, 2019-2023
10.3. Current and Future Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, by Product, 2024-2033
- 10.3.1. Blood Pressure Monitors
  - 10.3.1.1. Manual Blood Pressure Monitors
  - 10.3.1.2. Automatic Blood Pressure Monitors
- 10.3.2. Diabetic Monitoring Devices
  - 10.3.2.1. Glucometers
  - 10.3.2.2. Smart Glucose Monitors
  - 10.3.2.3. Continuous Glucose Monitors
  - 10.3.2.4. Connected CGM Insulin Pens
  - 10.3.2.5. Insulin Pumps
  - 10.3.2.6. Insulin Pens
- 10.3.3. Thermometers
  - 10.3.3.1. Mercury Thermometers
  - 10.3.3.2. Digital Thermometers
  - 10.3.3.3. Infra-red Thermometers
  - 10.3.3.4. Tympanic Thermometers
- 10.3.4. Pulse Oximeters
  - 10.3.4.1. Finger Pulse Oximeters
  - 10.3.4.2. Handheld Pulse Oximeters
  - 10.3.4.3. Wrist Worn Pulse Oximeters
  - 10.3.4.4. Table Top Pulse Oximeters
- 10.3.5. Sleep Trackers
  - 10.3.5.1. Ring Sleep Trackers
  - 10.3.5.2. Wristband Sleep Trackers
  - 10.3.5.3. Headband Sleep Trackers
  - 10.3.5.4. Mask Sleep Trackers
- 10.3.6. Smart Watches
- 10.3.7. Massagers and Pain Relief
  - 10.3.7.1. Electric Massagers
  - 10.3.7.2. Transcutaneous Electric Nerves Stimulator
- 10.3.8. Mobility Care
  - 10.3.8.1. Bath Safety and Products
  - 10.3.8.2. Canes
  - 10.3.8.3. Crutches
  - 10.3.8.4. Walkers and Rollaters
  - 10.3.8.5. Wheelchairs
- 10.3.9. Braces and Supports
  - 10.3.9.1. Upper Extremity
    - 10.3.9.1.1. Shoulder Braces and Supports
    - 10.3.9.1.2. Neck Braces and Supports
    - 10.3.9.1.3. Elbow Braces and Supports
    - 10.3.9.1.4. Wrist Braces and Supports
    - 10.3.9.1.5. Spinal Braces and Supports
  - 10.3.9.2. Lower Extremity
    - 10.3.9.2.1. Knee Braces and Supports
    - 10.3.9.2.2. Ankle Braces and Supports
    - 10.3.9.2.3. Hip Braces and Supports
- 10.3.10. Orthotic
  - 10.3.10.1. Functional Orthotics
  - 10.3.10.2. Accommodative Orthotics
- 10.3.11. Light Therapy
  - 10.3.11.1. Light Box
  - 10.3.11.2. Floor and Desk Lamp
  - 10.3.11.3. Light Visors
  - 10.3.11.4. Dawn Stimulators
  - 10.3.11.5. Light Therapy Bulbs
  - 10.3.11.6. Handheld Devices for Skin Treatments
10.4. Market Attractiveness Analysis, by Product

11. North America Medical Wellness Devices Market Analysis 2019-2023 and Forecast 2024-2033, By Distribution Channel

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Bn) Analysis, By Distribution Channel, 2019-2023
11.3. Current and Future Market Size (US$ Bn) Analysis and Forecast, by Distribution Channel, 2024-2033
- 11.3.1. Institutional Sales
  - 11.3.1.1. Hospital Pharmacies
  - 11.3.1.2. Specialty Clinics
  - 11.3.1.3. Rehabilitation Centers
  - 11.3.1.4. Wellness Centers
- 11.3.2. Retail Sales
  - 11.3.2.1. Retail Pharmacies
  - 11.3.2.2. Drug Stores
  - 11.3.2.3. Online Sales
  - 11.3.2.4. Supermarket/Hypermarket
11.4. Market Attractiveness Analysis, by Distribution Channel

12. North America Medical Wellness Devices Market Analysis 2019-2023 and Forecast 2024-2033, By Country

12.1. Introduction
12.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, by Country, 2019-2023
12.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, by Country 2024-2033
- 12.3.1. U.S.
- 12.3.2. Canada
12.4. Market Attractiveness Analysis, by Country

13. U.S. Medical Wellness Devices Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Historical Market Size (US$ Bn) and Volume (Units) Trend Analysis, by Market Taxonomy, 2019-2023
13.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, by Market Taxonomy, 2024-2033
- 13.3.1. By Product
- 13.3.2. By Distribution Channel
13.4. Market Attractiveness Analysis
- 13.4.1. By Product
- 13.4.2. By Distribution Channel

14. Canada Medical Wellness Devices Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Bn) and Volume (Units) Trend Analysis, by Market Taxonomy, 2019-2023
14.3. Current and Future Market Value (US$ Bn) and Volume (Units) Analysis and Forecast, by Market Taxonomy, 2024-2033
- 14.3.1. By Product
- 14.3.2. By Distribution Channel
14.4. Market Attractiveness Analysis
- 14.4.1. By Product
- 14.4.2. By Distribution Channel

15. Market Structure Analysis

15.1. Market Analysis, by Tier of Companies
15.2. Market Share Analysis of Top Players
15.3. Market Concentration
15.4. Market Presence Analysis

16. Competition Analysis

16.1. Competition Dashboard
16.2. Competition Deep Dive
- 16.2.1. Abbott
  - 16.2.1.1. Overview
  - 16.2.1.2. Product Portfolio
  - 16.2.1.3. Sales Footprint
  - 16.2.1.4. Key Financials
  - 16.2.1.5. SWOT Analysis
  - 16.2.1.6. Strategy Overview
    - 16.2.1.6.1. Marketing Strategy
    - 16.2.1.6.2. Product Strategy
    - 16.2.1.6.3. Channel Strategy
- 16.2.2. 3M Company
  - 16.2.2.1. Overview
  - 16.2.2.2. Product Portfolio
  - 16.2.2.3. Sales Footprint
  - 16.2.2.4. Key Financials
  - 16.2.2.5. SWOT Analysis
  - 16.2.2.6. Strategy Overview
    - 16.2.2.6.1. Marketing Strategy
    - 16.2.2.6.2. Product Strategy
    - 16.2.2.6.3. Channel Strategy
- 16.2.3. Dexcom, Inc.
  - 16.2.3.1. Overview
  - 16.2.3.2. Product Portfolio
  - 16.2.3.3. Sales Footprint
  - 16.2.3.4. Key Financials
  - 16.2.3.5. SWOT Analysis
  - 16.2.3.6. Strategy Overview
    - 16.2.3.6.1. Marketing Strategy
    - 16.2.3.6.2. Product Strategy
    - 16.2.3.6.3. Channel Strategy
- 16.2.4. F. Hoffmann-La Roche AG t
  - 16.2.4.1. Overview
  - 16.2.4.2. Product Portfolio
  - 16.2.4.3. Sales Footprint
  - 16.2.4.4. Key Financials
  - 16.2.4.5. SWOT Analysis
  - 16.2.4.6. Strategy Overview
    - 16.2.4.6.1. Marketing Strategy
    - 16.2.4.6.2. Product Strategy
    - 16.2.4.6.3. Channel Strategy
- 16.2.5. Koninklijke Philips N.V.,
  - 16.2.5.1. Overview
  - 16.2.5.2. Product Portfolio
  - 16.2.5.3. Sales Footprint
  - 16.2.5.4. Key Financials
  - 16.2.5.5. SWOT Analysis
  - 16.2.5.6. Strategy Overview
    - 16.2.5.6.1. Marketing Strategy
    - 16.2.5.6.2. Product Strategy
    - 16.2.5.6.3. Channel Strategy
- 16.2.6. Fossil Group, Inc.
  - 16.2.6.1. Overview
  - 16.2.6.2. Product Portfolio
  - 16.2.6.3. Sales Footprint
  - 16.2.6.4. Key Financials
  - 16.2.6.5. SWOT Analysis
  - 16.2.6.6. Strategy Overview
    - 16.2.6.6.1. Marketing Strategy
    - 16.2.6.6.2. Product Strategy
    - 16.2.6.6.3. Channel Strategy
- 16.2.7. Garmin Ltd
  - 16.2.7.1. Overview
  - 16.2.7.2. Product Portfolio
  - 16.2.7.3. Sales Footprint
  - 16.2.7.4. Key Financials
  - 16.2.7.5. SWOT Analysis
  - 16.2.7.6. Strategy Overview
    - 16.2.7.6.1. Marketing Strategy
    - 16.2.7.6.2. Product Strategy
    - 16.2.7.6.3. Channel Strategy
- 16.2.8. LifeScan, Inc.
  - 16.2.8.1. Overview
  - 16.2.8.2. Product Portfolio
  - 16.2.8.3. Sales Footprint
  - 16.2.8.4. Key Financials
  - 16.2.8.5. SWOT Analysis
  - 16.2.8.6. Strategy Overview
    - 16.2.8.6.1. Marketing Strategy
    - 16.2.8.6.2. Product Strategy
    - 16.2.8.6.3. Channel Strategy
- 16.2.9. Tandem Diabetes Care
  - 16.2.9.1. Overview
  - 16.2.9.2. Product Portfolio
  - 16.2.9.3. Sales Footprint
  - 16.2.9.4. Key Financials
  - 16.2.9.5. SWOT Analysis
  - 16.2.9.6. Strategy Overview
    - 16.2.9.6.1. Marketing Strategy
    - 16.2.9.6.2. Product Strategy
    - 16.2.9.6.3. Channel Strategy
- 16.2.10. Masimo Corporation
  - 16.2.10.1. Overview
  - 16.2.10.2. Product Portfolio
  - 16.2.10.3. Sales Footprint
  - 16.2.10.4. Key Financials
  - 16.2.10.5. SWOT Analysis
  - 16.2.10.6. Strategy Overview
    - 16.2.10.6.1. Marketing Strategy
    - 16.2.10.6.2. Product Strategy
    - 16.2.10.6.3. Channel Strategy
- 16.2.11. Fitbit, Inc.
  - 16.2.11.1. Overview
  - 16.2.11.2. Product Portfolio
  - 16.2.11.3. Sales Footprint
  - 16.2.11.4. Key Financials
  - 16.2.11.5. SWOT Analysis
  - 16.2.11.6. Strategy Overview
    - 16.2.11.6.1. Marketing Strategy
    - 16.2.11.6.2. Product Strategy
    - 16.2.11.6.3. Channel Strategy
- 16.2.12. Garmin Ltd
  - 16.2.12.1. Overview
  - 16.2.12.2. Product Portfolio
  - 16.2.12.3. Sales Footprint
  - 16.2.12.4. Key Financials
  - 16.2.12.5. SWOT Analysis
  - 16.2.12.6. Strategy Overview
    - 16.2.12.6.1. Marketing Strategy
    - 16.2.12.6.2. Product Strategy
    - 16.2.12.6.3. Channel Strategy
- 16.2.13. Withings
  - 16.2.13.1. Overview
  - 16.2.13.2. Product Portfolio
  - 16.2.13.3. Sales Footprint
  - 16.2.13.4. Key Financials
  - 16.2.13.5. SWOT Analysis
  - 16.2.13.6. Strategy Overview
    - 16.2.13.6.1. Marketing Strategy
    - 16.2.13.6.2. Product Strategy
    - 16.2.13.6.3. Channel Strategy
- 16.2.14. Oura
  - 16.2.14.1. Overview
  - 16.2.14.2. Product Portfolio
  - 16.2.14.3. Sales Footprint
  - 16.2.14.4. Key Financials
  - 16.2.14.5. SWOT Analysis
  - 16.2.14.6. Strategy Overview
    - 16.2.14.6.1. Marketing Strategy
    - 16.2.14.6.2. Product Strategy
    - 16.2.14.6.3. Channel Strategy
- 16.2.15. Verilux, Inc.,
  - 16.2.15.1. Overview
  - 16.2.15.2. Product Portfolio
  - 16.2.15.3. Sales Footprint
  - 16.2.15.4. Key Financials
  - 16.2.15.5. SWOT Analysis
  - 16.2.15.6. Strategy Overview
    - 16.2.15.6.1. Marketing Strategy
    - 16.2.15.6.2. Product Strategy
    - 16.2.15.6.3. Channel Strategy
- 16.2.16. Otto Bock Holding GmbH& Co
  - 16.2.16.1. Overview
  - 16.2.16.2. Product Portfolio
  - 16.2.16.3. Sales Footprint
  - 16.2.16.4. Key Financials
  - 16.2.16.5. SWOT Analysis
  - 16.2.16.6. Strategy Overview
    - 16.2.16.6.1. Marketing Strategy
    - 16.2.16.6.2. Product Strategy
    - 16.2.16.6.3. Channel Strategy