Wearable Medical Devices Market Report 2025

This Wearable Medical Devices market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The wearable medical devices market size has grown exponentially in recent years. It will grow from $33.37 billion in 2024 to $40.65 billion in 2025 at a compound annual growth rate (CAGR) of 21.8%. The growth in the historic period can be attributed to health and fitness tracking, chronic disease management, aging population, remote patient monitoring.

The wearable medical devices market size is expected to see exponential growth in the next few years. It will grow to $93.93 billion in 2029 at a compound annual growth rate (CAGR) of 23.3%. The growth in the forecast period can be attributed to preventive health and wellness, emerging markets growth, regulatory support and reimbursement, artificial intelligence (ai) and machine learning. Major trends in the forecast period include advanced vital sign monitoring, remote diagnosis and consultation, mental health monitoring, personalized health ecosystems.

The growth in mortality rates resulting from non-communicable diseases, particularly the increasing prevalence of chronic and lifestyle-related conditions like hypertension and diabetes, has significantly driven the wearable medical devices market. The healthcare industry is actively exploring new technologies to combat this trend, focusing on measures like continuous and remote patient monitoring through wearable devices that can be worn throughout the day. These devices facilitate the ongoing monitoring of essential parameters such as vital signs and glucose levels. For instance, in 2021, the International Diabetes Federation reported that 537 million adults were living with diabetes, a number expected to rise to 643 million by 2030 and 783 million by 2045. The surge in chronic diseases, combined with growing public awareness, has propelled individuals toward continuous health monitoring, thereby boosting the growth of the wearable medical devices market.

The growing emphasis on fitness is expected to drive the expansion of the wearable medical devices market in the coming years. Fitness refers to an individual's overall health, well-being, and physical readiness for various sports, jobs, and everyday activities. Wearable medical devices equipped with advanced sensors can track fitness metrics, offering users deeper insights into their health and physical performance. For example, in February 2024, the Sports & Fitness Industry Association (SFIA), a US-based trade association, reported that participation in winter sports, team sports, racquet sports, and water sports increased by over 9% in 2023, with winter sports showing the highest growth at 22%. Additionally, pickleball participation surged by 51.8% from 2022, contributing to a total of 242 million Americans participating in sports and fitness activities, a 2.2% increase from 2021. As a result, the growing focus on fitness is driving the growth of the wearable medical devices market.

The integration of artificial intelligence into wearable medical devices is gaining traction. The data collected by wearable medical devices becomes even more valuable with the incorporation of artificial intelligence (AI) to better leverage this information. AI-powered systems, such as an AI doctor, outperform trained medical professionals in various conditions like skin lesions, electrocardiograms, medical imaging, and pathology. A 2022 survey indicated that 88% of respondents were aware of AI, with 46% believing that the benefits of AI in healthcare outweighed the risks, while only 2% disagreed. Wearable device app developers are increasingly focused on integrating AI into their apps to analyze remotely collected data and provide enhanced diagnostic insights through an AI doctor.

Prominent companies in the wearable medical devices market are committed to developing innovative products, such as in-ear wearables, to offer dependable services to consumers. In-ear wearables are compact electronic devices worn in the ear to simultaneously track multiple health metrics and deliver real-time feedback to the user. For instance, in June 2023, STAT Health, a US-based digital health company, introduced Stat, an in-ear wearable blood flow monitor. Equipped with an optical sensor to measure blood flow in a shallow ear artery, it automatically detects changes in heart rate, blood pressure trends, and blood flow to the head with each user's movement. This device, compatible with over 90% of ear-worn devices, can even forecast fainting episodes minutes before they occur and reduces the chances of removal and reinstallation since it can be worn during sleep and showers.

Major companies operating in the wearable medical devices market include Philips, Polar Electro, Omron Corporation, Fitbit Inc., Garmin Ltd., LifeWatch AG (BioTelemetry Inc.), Xiaomi Inc., VitalConnect, Jawbone Inc., General Electric Co., Medtronic PLC, Sotera Wireless, Basis Science Inc., Intelesens Ltd., Withings, World Global Network, Activeinsights Ltd., Drägerwerk AG & Co. KGaA, LG Electronics, Sony Corporation, Nike Inc., Samsung, Boston Scientific, Honeywell International Inc., Pebble Technology Corp., Demant AS, Sonova Group, Alphabet Inc., Abbott Laboratories, Apple Inc., Biotricity, Dexcom, Embr Labs, Empatica, Hill-Rom Holdings Inc., Hocoma AG, iRhythm Technologies, Masimo Corporation, MC10 Inc., Nuubo, Oxitone Medical, Preventice Solutions, ResMed, Valencell, Owlet Baby Care.

Wearable medical devices are independent medical tools designed to be worn by individuals, capable of performing functions like medical monitoring and providing assistance.

The primary categories of wearable medical devices include diagnostic devices and therapeutic devices. Diagnostic devices are employed for assessing patient conditions and outcomes. These products come in various forms such as watches, wristbands, clothing, earwear, and other wearable devices. They find applications in sports and fitness, remote patient monitoring, home healthcare, and ear wear. These devices are typically distributed through channels like pharmacies, online platforms, and hypermarkets.

The wearable medical devices market research report is one of a series of new reports that provides wearable medical devices market statistics, including wearable medical devices industry global market size, regional shares, competitors with a wearable medical devices market share, detailed wearable medical devices market segments, market trends and opportunities, and any further data you may need to thrive in the wearable medical devices industry. This wearable medical device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

North America was the largest region in the wearable medical devices market in 2024. Asia-Pacific was the second-largest region in the global wearable medical devices market analysis. The regions covered in the wearable medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the wearable medical devices market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The wearable medical devices market consists of sales of wearable ECG monitors, wearable fitness tracker, biosensors and others that are wearable and are used for monitoring medical conditions. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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