Name: Smart Wellness Market
Brand: DATA LIBRARY RESEARCH
SKU: DLR2002
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Covid-19 Impact on Smart Wellness Market:

Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.

Market Overview

The smart wellness market is presumed to expand in the conjunction with surge in incidences of various diseases coupled with expanding healthcare services across the world. The growing need for health nursing, owing to surging adoption of urbanized lifestyle can also accelerate the market growth.
Furthermore, growing advancements in the smart technology have directed to the rise of applications across variety of domains. Within healthcare sector, the escalating popularity of the smart technology offers host of growth prospects to new entrants. Recently, an Austin couple established ‘Wellbody App’ that deals with the holistic daily practices. Industry participants are presently focusing on the product inventions to capitalize on flourishing the market. For instance, company named, Samsung Electronics updated its Samsung Health app that can now provide more interactive and personalized experience to its users.

Segment Overview

Based on component the smart wellness market was segmented as hardware, software and services. Among these, the hardware has the most potential to gain top position in smart wellness market and is expected to achieve a considerable growth rate in the coming years.
Based on the types of smart wellness technology is segmented as health Information Exchange (HIE), healthcare IT, healthcare analytics. The healthcare IT is leading the market at a considerable growth rate.

Regional Overview

North America accounted for the top position in the global market during the forecast period. The market growth is largely supported by frequent technological innovations and high availability of variety of advanced solutions. High demand for the smart wellness devices amongst numerous end-users in the U.S. and Canada also supports the market growth.

The Asia Pacific market for smart wellness is expected to witness growth at fastest rate in upcoming years, the growth is attributed to the mounting awareness among people and surging internet connectivity with regard to health. The region is known for its attraction with fitness gadgets, and also to the continuous advancements in the technology that mainly take place in developing countries such as India, and China and developed country such as Japan.

Competitor overview

Huge existence of the portable and connected healthcare devices and products in market combined with rapidly increasing demand for various smartphone applications has further raised revenue generation of market participants. The market is expected to observe similar growth pattern during the forecast period of 2020 to 2026.
The leading market players of smart wellness market include Omron Healthcare, Inc., Inc., McKesson Corporation, St. Jude Medical, GE Healthcare, Inc., Draeger Medical Systems, Inc., Samsung Electronics, Fitbit, Inc., Medtronic PLC, Apple, Inc., Philips Healthcare Company, among others.

Key Players

Omron Healthcare, Inc.
St. Jude Medical, Inc.
McKesson Corporation
GE Healthcare, Inc.
Samsung Electronics
Draeger Medical Systems, Inc.
Fitbit, Inc., Apple, Inc.
Medtronic PLC
Philips Healthcare Company

Market Segmentation

By Component

Hardware
Software
Services

By Type

Health Information Exchange
Healthcare Analytics
Healthcare IT

By Connectivity

Bluetooth
WIFI
Others

By Geography

North America
- US
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA

1 Executive Summary 15

2 Scope of the Report 17

2.1 Market Definition 18
2.2 Scope of the Study 18
- 2.2.1 Research Objectives 18
- 2.2.2 Assumptions 18
- 2.2.3 Limitations 18
2.3 Market Structure 19

3 Research Methodology 21

3.1 Research Process 22
3.2 Primary Research 22
3.3 Secondary Research 22
3.4 Market Size Estimation 23
3.5 Forecast Model 23

4 Market Dynamics 24

4.1 Introduction 25
4.2 Drivers 26
- 4.2.1 Shifting Consumer Preferences Towards A Healthier Lifestyle 26
- 4.2.2 Growing Demand For Portable and Connected Healthcare Devices 27
- 4.2.3 Increased Demand For Remote Monitoring Of Health Conditions 28
4.3 Restraints 29
- 4.3.1 High Costs 29
- 4.3.2 Technological Complexities 29
4.4 Opportunity 29
- 4.4.1 Rising Emphasis On The Development Of Advanced Healthcare Solutions 29
4.5 Challenges 30
- 4.5.1 High Technical Complexity 30

5 Market Factor Analysis 31

5.1 Supply Chain Analysis 32
5.2 Porter’s Five Force Analysis 33
- 5.2.1 Threat of New Entrants 33
- 5.2.2 Threat of Rivalry 33
- 5.2.3 Threat of Substitute 33
- 5.2.4 Bargaining Power of Supplier 33
- 5.2.5 Bargaining Power of Buyer 33

6 Global Smart Wellness Market, By Component 35

6.1 Introduction 36
- 6.1.1 Hardware 37
  - 6.1.1.1 Personal Medical Devices 38
    - 6.1.1.1.1 Diabetes Monitor 39
    - 6.1.1.1.2 Insulin Pump 39
    - 6.1.1.1.3 BP Monitor 39
    - 6.1.1.1.4 Portable GPS PERS 39
    - 6.1.1.1.5 Personal Pulse Oximeters 39
    - 6.1.1.1.6 Smart Pill Dispenser 40
    - 6.1.1.1.7 Personal ECG 40
  - 6.1.1.2 Wellness Products 40
    - 6.1.1.2.1 Body Analyzer 41
    - 6.1.1.2.2 GPS Sports Watch 41
    - 6.1.1.2.3 Sleep Quality Monitor 41
- 6.1.2 Software 41
  - 6.1.2.1 Smart Wellness Applications 42
  - 6.1.2.2 Online Subscriptions 42
- 6.1.3 Service 43
  - 6.1.3.1 Professional Service 43
  - 6.1.3.2 Managed Service 43

7 Global Smart Wellness Market, By Type 44

7.1 Introduction 45
- 7.1.1 Healthcare IT 45
- 7.1.2 Healthcare Information Exchange 46
- 7.1.3 Healthcare Analytics 46

8 Global Smart Wellness Market, By Connectivity 47

8.1 Introduction 48
- 8.1.1 Bluetooth 48
- 8.1.2 Wi-Fi 48

9 Global Smart Wellness Market, By End-User 49

9.1 Introduction 50
- 9.1.1 Hospitals 50
- 9.1.2 Individual Users 50

10 Global Smart Wellness Market, By Region 51

10.1 Introduction 52
10.2 North America 53
- 10.2.1 PESTL Analysis 54
- 10.2.2 U.S. 61
- 10.2.3 Canada 64
- 10.2.4 Mexico 67
10.3 Europe 70
- 10.3.1 PESTL Analysis 71
- 10.3.2 The U.K 79
- 10.3.3 Germany 81
- 10.3.4 France 84
- 10.3.5 Rest of Europe 86
10.4 Asia Pacific 89
- 10.4.1 PESTL Analysis 90
- 10.4.2 China 98
- 10.4.3 Japan 100
- 10.4.4 India 103
- 10.4.5 Rest of Asia Pacific 105
10.5 Rest of the World 108
- 10.5.1 PESTL Analysis 109
- 10.5.2 The Middle East & Africa 116
- 10.5.3 Latin America 118

11 Competitive Landscape 121

11.1 Market Evolution 122
11.2 Global Market Share Analysis 122

12 Company Profiles 123

12.1 Apple Inc. 124
- 12.1.1 Company Overview 124
- 12.1.2 Financials 124
- 12.1.3 Products 124
- 12.1.4 Strategy 124
- 12.1.5 Key Developments 124
12.2 Samsung Electronics. 125
- 12.2.1 Company Overview 125
- 12.2.2 Financials 125
- 12.2.3 Products 125
- 12.2.4 Strategy 125
- 12.2.5 Key Developments 125
12.3 Omron Healthcare, Inc. 126
- 12.3.1 Company Overview 126
- 12.3.2 Financials 126
- 12.3.3 Products 126
- 12.3.4 Strategy 126
- 12.3.5 Key Developments 126
12.4 McKesson Corporation 127
- 12.4.1 Company Overview 127
- 12.4.2 Financials 127
- 12.4.3 Products 127
- 12.4.4 Strategy 127
- 12.4.5 Key Developments 127
12.5 Philips 128
- 12.5.1 Company Overview 128
- 12.5.2 Financials 128
- 12.5.3 Products 128
- 12.5.4 Strategy 128
- 12.5.5 Key Developments 128
12.6 GE 129
- 12.6.1 Company Overview 129
- 12.6.2 Financials 129
- 12.6.3 Products 129
- 12.6.4 Strategy 129
- 12.6.5 Key Developments 129
12.7 Dräger Inc. 130
- 12.7.1 Company Overview 130
- 12.7.2 Financials 130
- 12.7.3 Products 130
- 12.7.4 Strategy 130
- 12.7.5 Key Developments 130
12.8 Fitbit, Inc. 131
- 12.8.1 Company Overview 131
- 12.8.2 Financials 131
- 12.8.3 Products 131
- 12.8.4 Strategy 131
- 12.8.5 Key Developments 131
12.9 Abbott. 132
- 12.9.1 Company Overview 132
- 12.9.2 Financials 132
- 12.9.3 Products 132
- 12.9.4 Strategy 132
- 12.9.5 Key Developments 132
12.10 Medtronic PLC. 133
- 12.10.1 Company Overview 133
- 12.10.2 Financials 133
- 12.10.3 Products 133
- 12.10.4 Strategy 133

Research Process

Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.

In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization

FIGURE 1: DLR RESEARH PROCESS

Primary Research

Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.

In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.

It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.

Secondary Research

Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.

Market Size Estimation

Both, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.

Forecast Model

Global Smart Wellness Market Opportunities and Forecast 2023-2030