Global Medical Smart Rings Market Size & Outlook
The medical smart rings industry worldwide is expected to reach a projected revenue of US$ 1,101.6 million by 2030. A compound annual growth rate of 20.9% is expected of the worldwide medical smart rings industry from 2024 to 2030.
Revenue, 2023 (US$M)
$292.3
Forecast, 2030 (US$M)
$1,101.6
CAGR, 2024 - 2030
20.9%
Report Coverage
Worldwide
Global medical smart rings market, 2018-2030 (US$M)
Related Markets
Global medical smart rings market highlights
- The global medical smart rings market generated a revenue of USD 292.3 million in 2023 and is expected to reach USD 1,101.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 20.9% by 2030.
- In terms of segment, health monitoring rings accounted for a revenue of USD 161.3 million in 2023.
- Diagnostic Rings is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 292.3 million |
| Market revenue in 2030 | USD 1,101.6 million |
| Growth rate | 20.9% (CAGR from 2023 to 2030) |
| Largest segment | Health monitoring rings |
| Fastest growing segment | Diagnostic Rings |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health Monitoring Rings, Diagnostic Rings, Multifunctional Rings |
Other key industry trends
- In terms of revenue, the North America accounted for 27.0% of the global medical smart rings market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 7.9 million by 2030.
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Medical Smart Rings Market Scope
Medical smart rings market segmentation & scope
Medical Smart Rings Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global medical smart rings market size, by regions, 2018-2030 (US$M)
Top 10 countries: Medical smart rings market size, 2023 (US$M)
Global medical smart rings market share, by product, 2023 & 2030 (%, US$M)
Medical smart rings market: Opportunity assessment by country
Global medical smart rings market, by region, 2023 (US$M)
Related regional statistics
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