CAGR: 20.7%Current Market Size: USD 2351.80 MillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The Global Wearable Pregnancy Devices market is expected to grow from USD 2351.80 million in 2022 to USD 10593.96 million by 2030, at a CAGR of 20.7% during the Projection period 2023-2030. The market for wearable pregnancy devices is expected to expand as patients' knowledge of fitness and lifestyle advancements is rapidly increasing.
Fetal monitoring is continuously provided through wearable pregnancy devices. Pregnant women might stay in close contact with their fetuses via a smartphone and be alerted to any pregnancy difficulties with the use of a sensor-patched strap. The health of both mothers and their unborn children is seriously at danger due to pregnancy problems, which are also linked to unfavorable outcomes like stillbirth, premature birth, and low birth weight. In 2013, 289,000 women perished worldwide during and after pregnancy and childbirth. All women of reproductive age are advised to pursue a healthy lifestyle, with a focus on maintaining a balanced diet and engaging in regular exercise, by the centre for disease control and prevention. Through a shift in behavior, wearable technologies give people new tools to adopt better lives and habits and lower their chance of developing chronic diseases. The demand for wearable pregnancy devices will greatly rise due to improvements in technology-driven prenatal products and growing patient awareness, which will further propel the wearable pregnancy devices market in the near future. The use of wearable pregnancy devices will increase with increased government funding and awareness efforts, especially in rural regions, and will fuel the market throughout the projection period. The need for wearable pregnancy devices will expand as more research is done on creating wearable devices for medical applications intended for continuously monitoring patients and during ordinary life activities.
Sample Request: - Global Wearable Pregnancy Devices Market
Market Dynamics:
Drivers:
Complications that arise during pregnancy are becoming common and can affect the health of the mother and baby, due to which it is much needed to deal with the complications properly. The rising cases of complications during pregnancy are driving the market growth. Complications such as abnormal fetal growth, anemia, abrupt weight gain, urinary-tract infections etc. need to be treated for the good health of the mother and baby. In addition, due to the ease of use and simplicity of use of wearable pregnancy devices, the market for these devices is expected to flourish soon.
Restraints:
The high cost of wearable pregnancy devices negatively impacts the growth of the market. Due to the cost of wearable pregnancy devices, consumers are avoiding switching to these advanced devices and keep on using the traditional methods to deal with pregnancy-related issues which are affecting the sales of the wearable pregnancy devices market.
Opportunities:
The wearable pregnancy devices market is witnessing immense growth as a result of technological advancements and innovations in the devices by major key players. Launching new and advanced products will significantly drive the market in the near future with innovation in pregnancy gadgets. With patient knowledge of fitness and improvements in lifestyles, wearable pregnancy gadgets are expected to grow in popularity. Moreover, rising research & development and modernization will further enhance the market for wearable pregnancy devices during the Projection period.
Challenges:
The wearable pregnancy devices market is witnessing immense growth along with the market’s growth. There are also some challenges which are hindering the growth of the market. Wearable pregnancy devices lack knowledge regarding their use and benefits, particularly in less developed countries, this factor is hindering the growth of the market. Moreover, the majority of people in less developed areas prohibit the use of such devices as they are more comfortable with their traditional methods.
Segmentation Analysis:
The global wearable pregnancy devices market has been segmented based on product, distribution channel, and region.
By Product Type
The product type segment includes real time contraction tracking devices, health tracking devices, blood pressure monitoring devices and others. The real time contraction tracking segment led the largest share of the Wearable Pregnancy Devices Market market with a market share of around 41.2% in 2022. The real time contraction tracker helps you to keep track of your contractions, which helps you determine when you should seek medical assistance. In addition, contraction trackers alert you when to seek emergency medical attention, propelling the growth of the Wearable Pregnancy Devices Market market.
By Distribution Channel
The distribution channel segment includes e-commerce, drug stores, retail pharmacies and hospital pharmacies. The retail pharmacies segment led the largest share of the Wearable Pregnancy Devices market with a market share of around 31.3% in 2022. In the retail pharmacy segment, wearable pregnancy devices have the greatest market share, due to the growing demand for them among pregnant women, and the increasing incidence of complications associated with pregnancy.
Global Wearable Pregnancy Devices Market- Sales Analysis.
The sale of Wearable Pregnancy Devices expanded at a CAGR of 15.7% from 2016 to 2022.
The healthcare industry has a significant need for the utilization of smart wearable devices due to the increased adoption rate of these devices and technological advancements. The market for wearable pregnancy devices is being driven by a number of important aspects, including the rising disposable income in emerging nations, the introduction of new and innovative goods, innovations in pregnancy gadgets, and devices that are simple to use.
Due to the rising adoption rate of these devices and technological advancements, the healthcare sector has a substantial need for the use of smart wearable devices. The market for wearable pregnancy devices is fueled by a number of significant factors, including technological advances in pregnancy gadgets and user-friendly products.
Thus, owing to the aforementioned factors, the global Wearable Pregnancy Devices market is expected to grow at a CAGR of 20.7% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the wearable pregnancy devices market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the Wearable Pregnancy Devices market and held a 37% share of the market revenue in 2022.
Global Wearable Pregnancy Devices Market- Country Analysis:
Germany's wearable pregnancy devices market size was valued at USD 182.26 million in 2022 and is expected to reach USD 844.60 million by 2030, at a CAGR of 20.8% from 2023 to 2030.
With the increasing manufacture and advancement of technology in wearable pregnancy devices, as well as government funding for health during pregnancy, demand for wearable pregnancy devices has increased and the market is expected to continue to grow.
China’s wearable pregnancy devices market size was valued at USD 189.5 million in 2022 and is expected to reach USD 870.74 million by 2030, at a CAGR of 21% from 2023 to 2030.
Wearable pregnancy devices market growth in the country is driven by an increasing number of early adopters and improving healthcare infrastructure, as well as an increase in disposable income. Additionally, wearable pregnancy devices are becoming increasingly popular, which is driving market growth.
India's wearable pregnancy devices market size was valued at USD 145.8 million in 2022 and is expected to reach USD 665.53 million by 2030, at a CAGR of 20.9% from 2023 to 2030.
Technical developments and modernization will continue to generate new opportunities for the wearable pregnancy devices market, propelling the market growth in the country. Moreover, government initiatives to increase awareness among the society for safe and healthy pregnancy will add more value to the growth of the market.
Key Industry Players Analysis:
To increase their market position in the global wearable pregnancy devices business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
20.7% |
Market Size |
2351.80 million in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Product Type, By Distribution Channel, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
OMRON Corporation, Medtronic PLC, Koninklijke Philips N.V., Fitbit Inc., Apple Inc., Bellabeat, 112Motion, Hitachi, Rubi Life LLC, MC10 Inc, BeWell Innovations, Biotricity Inc, Brainlab AG, Wave Hello, and Nuvo Group. |
By Product Type |
|
By Distribution Channel |
|
Regional scope |
|
Scope of the Report
Global Wearable Pregnancy Devices Market Market by Product Type:
Global Wearable Pregnancy Devices Market Market by Distribution Channel:
Global Wearable Pregnancy Devices Market Market by Region:
Global Wearable Pregnancy Devices market size is USD 2351.80 million in 2022
Global Wearable Pregnancy Devices market is expected to reach USD 10593.96 million by 2030, at a CAGR of 20.7% from 2023 to 2030.
Rising accident cases and increasing research & development will propel the market's growth.
North American region will witness more wearable pregnancy devices market growth.
OMRON Corporation, Medtronic PLC, Koninklijke Philips N.V., Fitbit Inc., Apple Inc., Bellabeat, 112Motion, Hitachi, Rubi Life LLC, MC10 Inc, BeWell Innovations, Biotricity Inc, Brainlab AG, Wave Hello, Nuvo Group among others.
Political Factors- Because of the democracy that underpins the existing form of government, The wearable pregnancy devices market can operate in an atmosphere that is favourable to industry. The democratic system of government, which encourages entrepreneurship and free commerce, offers the wearable pregnancy devices market economic freedom. By gaining powerful partners in the media, pressure groups can have an impact on the business climate. By planning protests and organising marketing efforts, these groups exert pressure on organisations. The wearable pregnancy devices market must monitor these pressure organisations' actions because they can affect government regulations, which could ultimately have an impact on the general business climate.
Economic Factors- The wearable pregnancy devices market revenue growth may be negatively impacted by the growing inflation rate since it reduces the purchasing power of money and deters consumers from spending on goods and services. Exchange rate fluctuations can have an impact on a company's profitability. The wearable pregnancy devices market should research exchange rate variations to develop precise predictions in order to prevent unfavourable trade and company performance effects. A high interest rate means that The wearable pregnancy devices market will have to make payments at a high rate of interest, increasing the overall cost of the loans obtained.
Social Factors- When wearable pregnancy devices market explicitly targets young consumers with its products/services, two favourable demographic indicators are high population growth and an increasing proportion of the young population segment. In addition, it is crucial for The wearable pregnancy devices market to research how the host nation views immigration since a welcoming attitude toward newcomers from various cultural backgrounds highlights the need of implementing efficient diversity management procedures. The wearable pregnancy devices market has to modify its marketing tactics to promote inclusiveness and diversity. A favourable outlook on migration also shows that The wearable pregnancy devices market can hire people from a variety of cultural backgrounds with ease. Increased productivity, better innovation, and superior overall firm performance are frequently associated with workplace diversity.
Technological Factors- The research and development trend in the selected industry or region shows how proactive businesses are in introducing cutting-edge solutions for customer needs. The wearable pregnancy devices market must improve its comprehension of how new technical advances can help the company and provide value to customers. In markets defined by disruptive technology, significant investment in research and development efforts would be necessary. The wearable pregnancy devices market must have a long-term perspective, though, and not look for a quick payoff from its investments in research and development.
Environmental Factors- The development of renewable technology to lessen reliance on natural resources has become a strong trend in many industries. To capitalise on this environmental trend, The wearable pregnancy devices market should assess how well a nation's technological infrastructure supports the usage of renewable technology. Governments in certain parts of the world provide enticing incentives for the use of renewable energy sources. By utilising the opportunity, The wearable pregnancy devices market can invest in renewable energy sources to meet its goals for sustainable economic growth. The adoption of the closed-loop, circular economy approach is becoming the standard in various regions and industries in some nations. Industries with enabling institutional frameworks can facilitate material recycling and reuse. Similarly to this, customers actively participate in recycling in several nations.
Legal Factors- The business environment is safer for companies like The wearable pregnancy devices market when the intellectual property rules are strictly adhered to since their patents are safeguarded from copying, creating a lasting competitive edge. Numerous federal and state laws are in place in several nations to safeguard consumers against potential commercial exploitation. The regulations have tightened up much more in the age of information technology to protect consumer privacy. The wearable pregnancy devices market must scrupulously abide by the data privacy requirements when doing online transactions in order to avoid lawsuits. The wearable pregnancy devices market management must research local regulations regarding returns, discounts, credit terms, quality, deceptive advertising, and maximum price before entering new markets (particularly in the case of basic essential goods).
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