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Global Health and Wellness Devices Market by Type (Healthcare IT, Health Information Exchange, Healthcare Analytics), By Application (Hospitals, Personalized Health Monitoring Devices, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: MDC-403
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 89
  • No. Of Pages: 235
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  • Pub. Date: 2021-03-01
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The Global Health and Wellness Devices Market size is projected to grow from $1.6 billion in 2018 to $2.5 billion by 2028, at a CAGR of 4.9%. The healthcare IT segment will continue to dominate the market with over 40% share, followed by healthcare analytics and personalized health monitoring devices segments which are expected to grow at an accelerated pace during the forecast period owing to a growing focus on preventive care and population management programs globally among governments and private sector organizations.

North America will be the biggest contributor towards growth due to its aging population coupled with the high prevalence of chronic conditions such as diabetes, heart disease, cancer, etc., whereas the Asia Pacific region is expected to witness the fastest growth due to increasing awareness about preventive care practices among people in urban areas.

 

Health and Wellness Devices are the equipment used in healthcare settings for improving health status. Health and wellness devices include, but not limited to: fitness trackers, blood glucose monitors, therapeutic shoes, or orthotics. These products automate a process such as measuring body fat percentage, tracking steps taken on foot, or monitoring heart rate every day.

 

On the basis of Type, the market is segmented into Healthcare IT, Health Information Exchange, and Healthcare Analytics. Healthcare IT was dominant with a market share of 65% during 2017. It is estimated that this segment will continue as the leading industry type throughout the forecast period owing to factors such as increased demand for more advanced clinical software solutions and apps for patient monitoring which require expensive hardware investment on part of hospitals.

 

Healthcare IT:

Healthcare IT (HIT) is a term that encompasses the use of technology in healthcare, to improve quality and reduce costs. For example, Electronic Health Records or EHRs are used by hospitals to collect data about patient's symptoms, diagnoses, treatments, and outcomes across different departments. This information can then be shared with other relevant stakeholders as well as uploaded into an electronic patient record system for easier access by clinicians at all levels.

 

Health Information Exchange:

Health Information Exchange (HIE) is a concept that facilitates the exchange of electronic health information among healthcare providers, patients, and their caregivers across disparate organizations. The goal is to bring together all stakeholders with relevant data for medical treatment in order to improve the quality of care. HIEs are designed based on three components – interoperability, access, and security.

Healthcare providers can share electronic health records and lab results; patients have access to their medical history, test results, or appointment dates. Security of the data is ensured by encrypting it so that only subscribers with appropriate clearance can see them.

HIEs help in reducing errors due to duplication of tests as well as wait times – not just for people who live far from hospitals but those who do need urgent care too. It also allows physicians to refer patients to specialists more efficiently - which saves time and money on healthcare costs. HIEs are especially beneficial where populations face language barriers, geography hindrances, or cultural differences like different approaches towards treating chronic conditions such as diabetes mellitus type II.

 

Healthcare Analytics:

Healthcare Analytics is defined as the use of data from electronic medical records (EMR) to analyze patterns and trends in healthcare. EMRs could include information about a patient's demographics, treatments provided by physicians or other health care professionals, medications prescribed, lab test results, and more. Healthcare Analytics is increasingly adopted among hospitals as it can help them understand which interventions are most effective for their patients with various conditions.

 

On the basis of Application, the market is segmented into Hospitals, Personalized Health Monitoring Devices, and Others. The hospitals' segment accounted for about 50% of the total healthcare IT in 2017 owing to an increase in the adoption of electronic medical records (EMR) software among hospital systems globally. There has been a major push by governments across continents to adopt EMRs as it can help them save time and money spent on claims processing due to its ability to automate billing procedures.

Personalized health monitoring devices include any device that helps monitor your personal data such as weight, blood pressure, etc., at home or with access through mobile applications. Different types of personalized health monitoring devices are being launched every year which include wearables like smartwatches and fitness trackers as well as more innovative technologies such as digital health devices.

 

On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and the Middle East & Africa.

In 2017, North America commanded the largest market share in terms of revenue and is expected to retain its dominance through 2028. The rapid adoption and use of health information exchange systems, such as structured data interchange formats (SDIF) have led to an increase in demand for these technologies. Furthermore, advances are being made with regards to predictive analysis technology which has improved efficiency and accuracy when analyzing large volumes of patient data across multiple institutions within a geographic area.

Europe commanded the second largest market share due mainly to their strong pharmaceutical industry base coupled with the top-ranked position amongst major players that manufacture healthcare products in this region. In addition, there was keen interest from manufacturers into entering European markets in the future

Latin American markets are expected to be on an upward trend from 2021-2028, due mainly to its strong economic growth coupled with a high population base and rising awareness of health conditions.

 


Up Market Research published a new report titled “Health and Wellness Devices Market research report which is segmented by Types (Healthcare IT, Health Information Exchange, Healthcare Analytics), By Applications (Hospitals, Personalized Health Monitoring Devices, Others), By Players/Companies Omron Healthcare, McKesson, Philips Healthcare, GE Healthcare, Draeger Medical Systems, Fitbit, Abbott, Medtronic, Aerotel Medical Systems, Boston Scientific, Body Media, Garmin, Microlife, Masimo, AgaMatrix”. 

 

Report Scope

Report Attributes Report Details
Report Title Health and Wellness Devices Market Research Report
By Type Healthcare IT, Health Information Exchange, Healthcare Analytics
By Application Hospitals, Personalized Health Monitoring Devices, Others
By Companies Omron Healthcare, McKesson, Philips Healthcare, GE Healthcare, Draeger Medical Systems, Fitbit, Abbott, Medtronic, Aerotel Medical Systems, Boston Scientific, Body Media, Garmin, Microlife, Masimo, AgaMatrix
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 235
Number of Tables & Figures 165
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Health and Wellness Devices Industry Outlook
 

Global Health and Wellness Devices Market Report Segments:

The market is segmented by Type Healthcare IT, Health Information Exchange, Healthcare Analytics and By Application Hospitals, Personalized Health Monitoring Devices, Others.

 

Some of the companies that are profiled in this report are:

  1. Omron Healthcare
  2. McKesson
  3. Philips Healthcare
  4. GE Healthcare
  5. Draeger Medical Systems
  6. Fitbit
  7. Abbott
  8. Medtronic
  9. Aerotel Medical Systems
  10. Boston Scientific
  11. Body Media
  12. Garmin
  13. Microlife
  14. Masimo
  15. AgaMatrix
 

Health and Wellness Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Health and Wellness Devices Market
 

Overview of the regional outlook of the Health and Wellness Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Health and Wellness Devices Market Overview
 

Highlights of The Health and Wellness Devices Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Health and Wellness Devices Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Healthcare IT

                2. Health Information Exchange

                3. Healthcare Analytics

       7. By Application:

                1. Hospitals

                2. Personalized Health Monitoring Devices

                3. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Health and Wellness Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

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  • Market Entry Strategies
  • Business Expansion Strategies
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Health and Wellness Devices Market Statistics
 

Reasons to Purchase the Health and Wellness Devices Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Health and Wellness Devices Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Health and Wellness Devices Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Health and Wellness Devices Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Health and Wellness Devices Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Health and Wellness Devices Market Size & Forecast, 2018-2028 
      4.5.1 Health and Wellness Devices Market Size and Y-o-Y Growth 
      4.5.2 Health and Wellness Devices Market Absolute $ Opportunity 


Chapter 5 Global Health and Wellness Devices Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Health and Wellness Devices Market Size Forecast by Type
      5.2.1 Healthcare IT
      5.2.2 Health Information Exchange
      5.2.3 Healthcare Analytics
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Health and Wellness Devices Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Health and Wellness Devices Market Size Forecast by Applications
      6.2.1 Hospitals
      6.2.2 Personalized Health Monitoring Devices
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Health and Wellness Devices Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Health and Wellness Devices Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Health and Wellness Devices Analysis and Forecast
   9.1 Introduction
   9.2 North America Health and Wellness Devices Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Health and Wellness Devices Market Size Forecast by Type
      9.6.1 Healthcare IT
      9.6.2 Health Information Exchange
      9.6.3 Healthcare Analytics
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Health and Wellness Devices Market Size Forecast by Applications
      9.10.1 Hospitals
      9.10.2 Personalized Health Monitoring Devices
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Health and Wellness Devices Analysis and Forecast
   10.1 Introduction
   10.2 Europe Health and Wellness Devices Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Health and Wellness Devices Market Size Forecast by Type
      10.6.1 Healthcare IT
      10.6.2 Health Information Exchange
      10.6.3 Healthcare Analytics
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Health and Wellness Devices Market Size Forecast by Applications
      10.10.1 Hospitals
      10.10.2 Personalized Health Monitoring Devices
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Health and Wellness Devices Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Health and Wellness Devices Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Health and Wellness Devices Market Size Forecast by Type
      11.6.1 Healthcare IT
      11.6.2 Health Information Exchange
      11.6.3 Healthcare Analytics
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Health and Wellness Devices Market Size Forecast by Applications
      11.10.1 Hospitals
      11.10.2 Personalized Health Monitoring Devices
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Health and Wellness Devices Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Health and Wellness Devices Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Health and Wellness Devices Market Size Forecast by Type
      12.6.1 Healthcare IT
      12.6.2 Health Information Exchange
      12.6.3 Healthcare Analytics
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Health and Wellness Devices Market Size Forecast by Applications
      12.10.1 Hospitals
      12.10.2 Personalized Health Monitoring Devices
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Health and Wellness Devices Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Health and Wellness Devices Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Health and Wellness Devices Market Size Forecast by Type
      13.6.1 Healthcare IT
      13.6.2 Health Information Exchange
      13.6.3 Healthcare Analytics
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Health and Wellness Devices Market Size Forecast by Applications
      13.10.1 Hospitals
      13.10.2 Personalized Health Monitoring Devices
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Health and Wellness Devices Market: Competitive Dashboard
   14.2 Global Health and Wellness Devices Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Omron Healthcare
      14.3.2 McKesson
      14.3.3 Philips Healthcare
      14.3.4 GE Healthcare
      14.3.5 Draeger Medical Systems
      14.3.6 Fitbit
      14.3.7 Abbott
      14.3.8 Medtronic
      14.3.9 Aerotel Medical Systems
      14.3.10 Boston Scientific
      14.3.11 Body Media
      14.3.12 Garmin
      14.3.13 Microlife
      14.3.14 Masimo
      14.3.15 AgaMatrix
Segments Covered in the Report
The global Health and Wellness Devices market has been segmented based on

By Types
  • Healthcare IT
  • Health Information Exchange
  • Healthcare Analytics
By Applications
  • Hospitals
  • Personalized Health Monitoring Devices
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Omron Healthcare
  • McKesson
  • Philips Healthcare
  • GE Healthcare
  • Draeger Medical Systems
  • Fitbit
  • Abbott
  • Medtronic
  • Aerotel Medical Systems
  • Boston Scientific
  • Body Media
  • Garmin
  • Microlife
  • Masimo
  • AgaMatrix

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