United States Wearable Medical Devices Market By Type (Vital Signs Monitoring Devices v/s Therapeutic Devices), By Product Type (Activity Monitors/Trackers, Smartwatches, Patches, Smart Clothing), By Purpose (Heart rate, Blood Pressure, Body Temperature, Blood oxygen saturation, Posture, Physical Activities, Hearing Aids, Others), By Site (Handheld, Headband, Strap/Clip/Bracelet, Shoe Sensors, Others), By Application (General Health & Fitness, Remote Patient Monitoring, Home Healthcare), By Price Range (Economy, Medium, Premium), By Distribution Channel (Store-Based v/s Non-Store-Based), By Business Segment (B2B Vs B2C), By Region, Forecast & Opportunities, 2025

United States wearable medical devices market is expected to grow at an impressive rate during the forecast period. The United States wearable medical devices market is driven by the growing prevalence of chronic diseases such as cancer, diabetes, renal failures, cardiovascular diseases, respiratory ailments, among others. According to the statistics, around 133 million Americans suffer from chronic diseases, which is around more than 40% of the total population. Seven out of ten people lose their lives due to these diseases, which is around 1.7 million of the total population every year. This has increased the need to focus on efficient and personalized monitoring and patient care. This in turn has drastically increased the market for wearable medical devices. Additionally, these devices are easy to handle, can be worn 24/7, provide accurate diagnosis, reliable, affordable, among others. These benefits are further expected to spur the market growth through 2025. Furthermore, technological advancements such as AI, IoT, among others coupled with new product launches by the major players operating in the market is expected to create lucrative opportunities for the market growth.

The United States wearable medical devices market is segmented based on type, product type, purpose, site, application, price range, distribution channel, business segment, company and region. Based on type, the market can be split into vital signs monitoring devices and therapeutic devices. Here, the vital signs monitoring devices segment is expected to dominate the market owing to the growing prevalence of chronic diseases in the country. Based on application, the market can be categorized into general health & fitness, remote patient monitoring and home healthcare. Among these, the remote patient monitoring segment is expected to hold the largest market share on account of the growing geriatric population in the country, who wish to stay independently, thereby increasing the need for proper monitoring and care.

Major players operating in the United States wearable medical devices market include Abbott Laboratories, Inc., Fitbit, Inc., Apple, Inc., GE Healthcare, VitalConnect, Masimo Corporation, Dexcom Inc., Biotelemetry Inc., iRhythm Technologies, Inc., Preventice Solutions, Inc., Minttihealth, Covidien Plc, Medtronic, Bayer AG, Sotera Wireless Inc. and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in 2020, Fitbit In., launched an activity tracker named Fitbit Charge 4.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

• To analyze and estimate the market size of United States wearable medical devices market from 2015 to 2018.
• To estimate and forecast the market size of United States wearable medical devices market from 2019 to 2025 and growth rate until 2025.
• To classify and forecast United States wearable medical devices market based on type, product type, purpose, site, application, price range, distribution channel, business segment, company and regional distribution.
• To identify dominant region or segment in the United States wearable medical devices market.
• To identify drivers and challenges for United States wearable medical devices market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States wearable medical devices market.
• To identify and analyze the profile of leading players operating in United States wearable medical devices market.
• To identify key sustainable strategies adopted by market players in United States wearable medical devices market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of United States wearable medical devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Wearable medical devices manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to wearable medical devices
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United States wearable medical devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• United States Wearable Medical Devices Market, By Type:
• Vital Signs Monitoring Devices
• Therapeutic Devices
• United States Wearable Medical Devices Market, By Product Type:
• Activity Monitors/Trackers
• Smartwatches
• Patches
• Smart Clothing
• United States Wearable Medical Devices Market, By Purpose:
• Heart Rate
• Blood Pressure
• Body Temperature
• Blood Oxygen Saturation
• Posture, Physical Activities
• Hearing Aids
• Others
• United States Wearable Medical Devices Market, By Site:
• Handheld
• Headband
• Strap/Clip/Bracelet
• Shoe Sensors
• Others
• United States Wearable Medical Devices Market, By Application:
• General Health & Fitness
• Remote Patient Monitoring
• Home Healthcare
• United States Wearable Medical Devices Market, By Price Range:
• Economy
• Medium
• Premium
• United States Wearable Medical Devices Market, By Distribution Channel:
• Store-Based
• Non-Store-Based
• United States Wearable Medical Devices Market, By Business Segment:
• B2B
• B2C
• United States Wearable Medical Devices Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States wearable medical devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).