United Kingdom wearable medical devices market is expected to register robust growth in the forecast period, 2023-2027.
Increase in Adoption of Wearable Across Multiple Application Areas Drives the Market Growth
Wearable devices assist in tracking the movement and activities of several individuals moving across United Kingdom. Various application areas adopting these devices which supports the market growth. Wearable medical devices have managed to garner a position of importance in the consumer electronics market within a shorter span. The construction industry has studied the utilization of medical wearable devices in the workplace for health and safety management by proximity detection and physiological monitoring of construction workers which is further augmenting the market growth. The increasing utilization of wearable barcode scanner gloves (Pro Gloves) in logistics industry to simplify work that does not involve the use of hands. With this, numerous insurance companies are promoting the usage of wearable medical devices to encourage the healthier eating habits and enhance corporate wellness among workers. Fitness trackers are widely utilized by the medical experts to acquire physiological, behavioral, and contextual data for the diagnosis, treatment, and management of chronic diseases. Several applications of wearable devices in the mining sector to promote the production process control in hard rock mines as well as health and safety management in coal mines. Moreover, the expanding adoption of wearable medica devices across various applicative areas stimulating the market growth.
Growing Prevalence of Chronic Disorders is Expected to Propel the Market Growth
The rising adoption of sedentary lifestyles and absence of the regular hospital visit which is further elevating the cases of lifestyle related diseases are augmenting the growth of the wearable medical devices. Various chronic ailments including cardiac disorders, diabetes, and hypertension exert a huge burden on economy which is propelling the market growth. With this, the rising cost of chronic as well as lifestyle related diseases has emphasized the government agencies or healthcare facilities providers to offer timely diagnosis and treatment. Various healthcare agencies are promoting the regular diagnosis with the help of campaigns and awareness program. This furthers aware people regarding the diagnosis and vital signs monitoring. All these aforementioned factors are expected to augment the market growth in the coming years.
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Market Segmentation
The United Kingdom wearable medical devices market is segmented into type, products, purpose, site, application, distribution channel. Based on type, the market is divided into diagnostics and therapeutics. Based on products, the market is segmented into activity monitors/trackers, smartwatches, patches, smart clothing. Based on purpose, the market is segmented into heart rate, physical activities, blood oxygen saturation, body temperature, others. Based on site, the market is segmented into strap/clip/bracelet, handheld, headband, shoe sensors, others. Based on application, the market is segmented into general health & fitness, remote patient monitoring, home healthcare. Based on distribution channel, the market is divided into pharmacies, e-commerce, others. The United Kingdom wearable medica devices market is studied in major regions namely London, Southeast, East Anglia, Scotland, Southwest, East Midlands, Yorkshire & Humberside, Rest of United Kingdom.
Market Players
Philips Medical Systems UK Limited, Medtronic United Kingdom, GE Healthcare UK Limited, Abbott Laboratories Limited, Boston Scientific Limited, Fitbit United Kingdom, Dexcom United Kingdom, Omron Healthcare (UK) Limited, MediBioSense Ltd., iRhythm Technologies Ltd. are the key market players operating in United Kingdom wearable medical devices market.
| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type · Products · Purpose · Site · Application · Distribution Channel |
| Regional scope | London, Southeast, East Anglia, Scotland, Southwest, East Midlands, Yorkshire & Humberside, Rest of United Kingdom |
| Key companies profiled | Philips Medical Systems UK Limited, Medtronic United Kingdom, GE Healthcare UK Limited, Abbott Laboratories Limited, Boston Scientific Limited, Fitbit United Kingdom, Dexcom United Kingdom, Omron Healthcare (UK) Limited, MediBioSense Ltd., iRhythm Technologies Ltd. (ChoiceMMed), Seca GmbH, Omega Surgical Instrument Suppliers Ltd |
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