Global healthcare is rapidly changing thanks to the development of new technologies. The healthcare sector has jumped on the wearable devices bandwagon, as these devices allow for more comprehensive real-time monitoring and data collection without requiring extra work or effort. Additionally, because wearables are convenient, easy to use, and ergonomic, they are attractive to consumers and ideal for health professionals. This can account for why the global smart wearable healthcare devices and services market, which was valued at $3.73 billion in 2015, will reach $8.72 billion by 2020, growing at a CAGR of over 18%.
Vendors are divided up into two major categories: products and services. We’ve also included several emerging vendors / vendors to watch, as there are a number of vendors currently making their way into the market.
Key vendors: products
Apple
Apple Inc. is an American multinational technology company headquartered in California that designs, develops, and sells consumer electronics, computer software, and online services. Apple is the world’s largest information technology company by revenue, the world’s largest technology company by total assets, and the world’s second-largest mobile phone manufacturer.
Fitbit
Fitbit Inc. is an American company headquartered in San Francisco, California and is known for its products of the same name, which are activity trackers, wireless-enabled wearable technology devices that measure data such as the number of steps walked, heart rate, quality of sleep, steps climbed, and other personal metrics. The first of these was the Fitbit Tracker.
Google is an American multinational technology company specializing in Internet-related services and products that include online advertising technologies, search, cloud computing, and software. In addition to its search engine (Google Search), the company leads the development of the Android mobile operating system and has moved increasingly into communications hardware, partnering with major electronics manufacturers.
Samsung Electronics
Samsung Electronics Co., Ltd. is a South Korean multinational electronics company headquartered in Suwon, South Korea. It is the world’s second largest information technology company by revenue, after Apple. Samsung has long been a major manufacturer of electronic components, and in recent years, the company has diversified into consumer electronics.
Key vendors: services
AT&T
AT&T Inc. is an American multinational telecommunications corporation, headquartered in Texas, AT&T is the second largest provider of mobile telephones and the largest provider of fixed telephones in the United States, and also provides broadband subscription television services. As of 2016, it is also the 17th-largest mobile telecom operator in the world, with 130.4 million mobile customers. AT&T caters to a number of brands, including Fitbit.
EE
EE (formerly Everything Everywhere) is a British mobile network operator, internet service provider and a subsidiary of BT Group. It was established in 2010 as a 50:50 joint venture between Deutsche Telekom and Orange S.A. (formerly France Télécom) through the merger of their respective T-Mobile and Orange businesses in the UK. It is the largest mobile network operator in the UK, with around 28 million customers, and the largest operator of 4G services in Europe.
Sprint
Sprint Corporation, commonly referred to as Sprint, is an American telecommunications holding company that provides wireless services and is a major global Internet carrier. It is the fourth largest wireless network operator in the United States, and serves 59.5 million customers as of July 2016. The company also offers wireless voice, messaging, and broadband services through its various subsidiaries under the Boost Mobile, Virgin Mobile, and Assurance Wireless brands.
Telefónica
Telefónica, S.A. is a Spanish multinational broadband and telecommunications provider with operations in Europe, Asia, and North, Central and South America. Operating globally, it is one of the largest telephone operators and mobile network providers in the world. As well as the Telefónica brand, it also trades as O2, Vivo and Movistar.
Other prominent vendors
3L Labs
3L Labs was established by experts from across multiple technology industries in 2010. The company developed a core technology of pressure sensors and data analysis, and by 2014 it showcased a prototype of FootLogger at CES in Las Vegas. FootLogger captures a user’s footprint in a consistent and comfortable manner and analyzes the biometric data to improve gait, diagnose diseases, increase athletic performance, and enhance daily life.
9Solutions
9Solutions is the leading manufacturer of Bluetooth Low Energy RFID real time locating solutions for healthcare safety and work flow optimization. The company provides its Integrated Positioning and Communicating System (IPCS) technology for system integrators, and sells safety and work flow optimization solutions built on the solid 9Solutions IPCS platform. 9Solution’s portfolio comprises advanced solutions for hospitals and home care.
BTS Bioengineering
BTS Bioengineering is devoted to improving the quality of lives through technology and innovation. The company has worked with NASA and the ESA on human body reactions to gravity absence. More than 1000 medical centres around the world use BTS’s technology to provide better and more effective patient treatment.
Ekso Bionics
Ekso Bionics, founded in 2005, is a leading developer of exoskeleton solutions that amplify human potential by supporting or enhancing strength, endurance and mobility across medical, industrial and defense applications. It is the only exoskeleton company to offer technologies that range from helping those with paralysis to stand up and walk, to enhancing human capabilities on job sites across the globe, to providing research for the advancement of R&D projects intended to benefit U.S. defense capabilities.
Vendors to watch
Cyberdyne
Cyberdyne is a Japanese robotics and technology company founded in 2004. It is most noted for the marketing and distribution of the HAL 5 robotic exoskeleton suit.
iHealth Labs
iHealth Labs Inc. a company based California, is a subsidiary of the Tianjin-based, Chinese manufacturing company Andon Health, one of the largest OEM health technology manufacturers in China. The company is known for its wireless devices that can measure vital signs such as blood pressure, heart rate, and blood sugar levels.
Evena Medical
Evena Medical, Inc. designs and develops imaging systems for hospitals, military personals, and emergency medical services. It offers vein detecting devices with access and IV patency visualization to the medical practitioner; ballistic eyewear; and devices that allow the emergency personnel to see the vein and begin IV fluid administration, even in the toughest of patients.
Proteus Digital Health
Proteus Digital Health, Inc. focuses on developing products, services, and data systems based on integrating medicine with ingestibles, wearables, mobile devices, and cloud computing. Its digital health feedback technology provides a view into an individual’s personal health and physiologic response for better health management and collaboration with caregivers and clinicians.
View the 2016-2020 Global Smart Wearable Healthcare Devices and Services Market
