Australia Medical Smart Rings Market Size & Outlook
The medical smart rings market in Australia is expected to reach a projected revenue of US$ 26.2 million by 2030. A compound annual growth rate of 21% is expected of Australia medical smart rings market from 2024 to 2030.
Revenue, 2023 (US$M)
$6.9
Forecast, 2030 (US$M)
$26.2
CAGR, 2024 - 2030
21%
Report Coverage
Australia
Australia medical smart rings market, 2018-2030 (US$M)
Related Markets
Australia medical smart rings market highlights
- The Australia medical smart rings market generated a revenue of USD 6.9 million in 2023 and is expected to reach USD 26.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 21% from 2024 to 2030.
- In terms of segment, health monitoring rings was the largest revenue generating product in 2023.
- Diagnostic Rings is the most lucrative product segment registering the fastest growth during the forecast period.
Medical smart rings market data book summary
| Market revenue in 2023 | USD 6.9 million |
| Market revenue in 2030 | USD 26.2 million |
| Growth rate | 21% (CAGR from 2023 to 2030) |
| Largest segment | Health monitoring rings |
| Fastest growing segment | Diagnostic Rings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.4% of the global medical smart rings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical smart rings market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 74.3 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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Australia medical smart rings market size, by product, 2018-2030 (US$M)
Australia Medical Smart Rings Market Outlook Share, 2023 & 2030 (US$M)
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