Summary

Persistence Market Research has recently released a comprehensive report on the North America Medical Wellness Devices Market. This report provides an in-depth analysis of key market dynamics, including drivers, trends, opportunities, and challenges, offering detailed insights into the market's structure and future prospects.

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 substantial growth, fueled by rising consumer awareness and demand for wellness-oriented products. These devices, which include fitness trackers and advanced therapeutic equipment, are designed to monitor, improve, and manage various aspects of health and wellness. The market features a wide range of products catering to both consumers and healthcare providers. Key growth drivers include the increasing prevalence of chronic diseases, a growing focus on preventive healthcare, and advancements in wearable and non-invasive medical technologies.

Market Growth Drivers:

The market's growth is primarily driven by the rising adoption of wearable wellness devices that allow users to monitor their health metrics in real-time. The trend toward personalized healthcare, along with the integration of artificial intelligence (AI) and the Internet of Things (IoT) into wellness devices, is further boosting market expansion. Additionally, the aging population and the increasing prevalence of lifestyle-related health issues, such as obesity and diabetes, are propelling demand for medical wellness devices. These devices enable consumers to track their health, receive personalized insights, and make informed decisions about their well-being, enhancing market penetration.

Market Restraints:

Despite a promising outlook, the North America Medical Wellness Devices Market faces several challenges, including high device costs, data privacy concerns, and regulatory hurdles. The initial investment for advanced wellness devices can be a barrier for many consumers, limiting market reach. Furthermore, concerns over the security of personal health data and compliance with stringent regulatory standards pose challenges for manufacturers and service providers. Ensuring user trust and meeting regulatory requirements are crucial for sustaining market growth.

Market Opportunities:

The North America Medical Wellness Devices Market offers significant growth opportunities, driven by the increasing integration of AI and machine learning in wellness devices, which enhance their functionality and user experience. The rising popularity of telehealth and remote patient monitoring provides an additional growth avenue, as medical wellness devices play a crucial role in these services. Collaborations between tech companies and healthcare providers are creating innovative solutions tailored to specific health concerns, broadening the market's scope. Additionally, the trend toward 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, including Fitbit, Garmin, and Omron Healthcare, are focusing on innovation, product development, and strategic partnerships to gain a competitive advantage. These companies invest heavily in R&D to develop advanced wellness devices featuring improved accuracy, real-time data analysis, and seamless integration with other digital health platforms. Collaborations with healthcare providers and tech companies are facilitating the creation of comprehensive wellness solutions that address a broad range of consumer needs. Emphasizing user experience, data security, and regulatory compliance is vital for sustaining growth and ensuring long-term success in the market.

Key Companies Profiled:

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

Key Segments Covered in North America Medical Wellness Devices Industry Research:

By 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

By End User:
• Institutional Sales
• Retail Sales

By Country:
• U.S.
• Canada

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Table of Contents

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
17. Assumptions and Acronyms Used
18. Research Methodology