Segments Covered in the global wearable medical devices market report:
The global wearable medical devices market is segmented based on product type, application, distribution channel, and region as follows:
- Product Type (Revenue, USD Billion; 2022–2030)
- Diagnostic and Patient Monitoring Wearable Medical Devices
- Smart-watches
- Activity monitors
- Smart-clothing
- Others
- Therapeutic wearable medical devices
- Wearable defibrillators
- Drug delivery devices (Injectors, patches)
- Pain management devices (EMS, TENS)
- Hearing aids
- Others
- Diagnostic and Patient Monitoring Wearable Medical Devices
- Application (Revenue, USD Billion; 2022–2030)
- Remote patient monitoring and home healthcare
- Sports and fitness
- Distribution Channel (Revenue, USD Billion; 2022–2030)
- Retail Pharmacies
- Hypermarkets
- Online Pharmacies
- Region (Revenue, USD Billion; 2022–2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- ASEAN
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
- North America
Frequently Asked Questions
The current market size of the Wearable Medical Devices industry is estimated to be USD 44.6 billion (as of 2023).
Increasing prevalence of chronic diseases, rising demand for personalized healthcare, and technological advancements are driving the growth of the wearable medical devices market.
High cost of devices and lack of reimbursement policies are key factors hampering the growth of the wearable medical devices market.
Wristwear is the leading component segment in the Wearable Medical Devices Market.
Apple, Fitbit, Samsung, Garmin, and Philips are some of the major players operating in the wearable medical devices market.
The wearable medical devices market is expected to grow at a CAGR of 23.9% to reach US$ 197.5 billion by 2030.