Global Wearable Medical Devices Market Outlook, Trends And Future Opportunities (2023-2030)

Global Wearable Medical Devices Market Outlook, Trends And Future Opportunities (2023-2030)

Global Wearable Medical Devices Market, Product Type ((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)), Application (Remote patient monitoring and home healthcare, Sports and fitness, Distribution Channel, Retail Pharmacies, Hypermarkets, Online Pharmacies), Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) The report offers a comprehensive view of the market from supply as well as demand side to help take informed decisions.

  • Published On: Sep 2023
  • Report ID: IDA41
  • Region: Global
  • Format: PDF/EXCEL

Section 1. Report Objective, and Methodology

  • Scope of Research
  • Research Methodology
  • Assumptions
  • Research Sources
    • Primary Research
    • Secondary Research
    • Paid Sources

Section 2. Report Summary

  • Global Market Snapshot, 2020-2030
  • Executive Summary by Segments
    • Market Overview, By Product Type
    • Market Overview, By Applications
    • Market Overview, By Distribution Channel
    • Market Overview, By Region

Section 3. Key Insights

  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Developments
  • Leading Brands
  • Price Trend Analysis
  • Pipeline Analysis
  • Porter’s Analysis
  • Epidemiology
  • Technology Insights
  • Impact of COVID-19

Section 4. Global Wearable Medical Devices Market By Product Type, Market Size, and Revenue Opportunity (USD Billion, 2020-2030)  

  • Global Industry Overview, By Product Type
    • Market Size, US$ Bn
    • Market Share Analysis, 2022 and 2030 (%)
    • Market Trends and Dynamics
    • Diagnostic and Patient Monitoring Wearable Medical Devices (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
      • Smart-watches
      • Activity monitors
      • Smart-clothing
      • Others
    • Therapeutic wearable medical devices (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
      • Wearable defibrillators
      • Drug delivery devices (Injectors, patches)
      • Pain management devices (EMS, TENS)
      • Hearing aids
      • Others

Section 5. Global Wearable Medical Devices Market By Application, Market Size, and Revenue Opportunity (USD Billion, 2020-2030)  

  • Global Industry Overview, By Application
    • Market Size, US$ Bn
    • Market Share Analysis, 2022 and 2030 (%)
    • Market Trends and Dynamics
  • Remote patient monitoring and home healthcare (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
  • Sports and fitness (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))

Section 6. Global Wearable Medical Devices Market By Distribution Channel, Market Size, and Revenue Opportunity (USD Billion, 2020-2030)

  • Global Industry Overview, By Distribution Channel
    • Market Size, US$ Bn
    • Market Share Analysis, 2022 and 2030 (%)
    • Market Trends and Dynamics
  • Hypermarkets (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
  • Retail Pharmacies (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
  • Online Pharmacies (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))

Section 7. Global Wearable Medical Devices Market By Region, Market Size, and Revenue Opportunity (USD Billion, 2020-2030)

  • Global Industry Overview, By Distribution Channel
    • Market Size, US$ Bn
    • Market Share Analysis, 2022 and 2030 (%)
    • Market Trends and Dynamics
  • North America
    • By Product Type (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Applications (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Distribution Channel (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Country (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
      • U.S.
      • Canada
  • Latin America
    • By Product Type (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Applications (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Distribution Channel (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Country (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
      • Brazil
      • Mexico
      • Rest of Latin America
  • Europe
    • By Product Type (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Applications (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Distribution Channel (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Country (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
  • Asia Pacific
    • By Product Type (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Applications (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Distribution Channel (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Country (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
      • China
      • Japan
      • South Korea
      • India
      • ASEAN
      • Rest of APAC
  • Middle East and Africa
    • By Product Type (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Applications (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Distribution Channel (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
    • By Country (Market Size and Forecast, and Y-o-Y Growth, 2022–2030, (US$ Billion))
      • Saudi Arabia
      • UAE
      • Rest of MEA

Section 8.  Company Profiles                 

  • Koninklijke Philips N.V.
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives
  • Medtronic Plc
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives
  • Sonova
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives
  • Apple Inc.
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives
  • Sotera Wireless
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives
  • Omron Corporation
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives
  • Polar Electro
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives
  • Everist Health
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives
  • Intelesens Ltd
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives
  • Fitbit Inc.
    • Company Overview
    • Product Portfolio and Performance
    • Financial Performance
    • Technology Insights
    • Strategic Initiatives

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.