Global Military Wearable Medical Device Market Size & Outlook
Global military wearable medical device market, 2018-2030 (US$M)
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Global military wearable medical device market highlights
- The global military wearable medical device market generated a revenue of USD 7,459.5 million in 2023 and is expected to reach USD 38,774.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 26.6% by 2030.
- In terms of segment, heart monitor accounted for a revenue of USD 5,843.0 million in 2023.
- Performance monitor is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,459.5 million |
| Market revenue in 2030 | USD 38,774.7 million |
| Growth rate | 26.6% (CAGR from 2023 to 2030) |
| Largest segment | Heart monitor |
| Fastest growing segment | Performance monitor |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heart Monitor, Performance monitor |
Other key industry trends
- In terms of revenue, the North America accounted for 37.5% of the global military wearable medical device market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 214.9 million by 2030.
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Military Wearable Medical Device Market Scope
Military Wearable Medical Device Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global military wearable medical device market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to military wearable medical device market will help companies and investors design strategic landscapes.
Heart monitor was the largest segment with a revenue share of 78.33% in 2023. Horizon Databook has segmented the Global military wearable medical device market based on heart monitor, performance monitor covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Military Wearable Medical Device Application Outlook (Revenue, USD Million, 2018-2030)
- Heart Monitor
- Sick Alert
- Heart Rate Variability
- Performance monitor
- Sleep-wake Cycle Alert
- Core Body Temperature Monitoring
- Heart Monitor
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Our clientele includes a mix of military wearable medical device market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global military wearable medical device market , including forecasts for subscribers. This global databook contains high-level insights into Global military wearable medical device market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global military wearable medical device market size, by regions, 2018-2030 (US$M)
Top 10 countries: Military wearable medical device market size, 2023 (US$M)
Global military wearable medical device market share, by application, 2023 & 2030 (%, US$M)
Military wearable medical device market: Opportunity assessment by country
Global military wearable medical device market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 819.8 | 1,052.8 | 2,231.2 | 2,987.6 | 2,203.3 | 2,795.1 | 3,536.2 | 4,423.0 | 5,611.4 | 7,049.1 | 8,736.2 | 10,804.6 | 13,361.8 | 25.1% |
| Europe | 613.9 | 798.4 | 1,713.7 | 2,324.3 | 1,736.5 | 2,231.9 | 2,861.3 | 3,626.8 | 4,663.7 | 5,939.0 | 7,462.4 | 9,358.4 | 11,737.1 | 26.8% |
| Asia Pacific | 407.2 | 542.7 | 1,192.7 | 1,655.6 | 1,265.0 | 1,662.0 | 2,176.7 | 2,817.4 | 3,697.5 | 4,803.3 | 6,154.0 | 7,865.8 | 10,050.4 | 29.3% |
| Latin America | 164.9 | 213.0 | 454.2 | 611.9 | 454.0 | 579.6 | 738.0 | 929.1 | 1,186.5 | 1,500.5 | 1,872.4 | 2,331.9 | 2,904.2 | 25.9% |
| MEA | 63.3 | 79.5 | 164.6 | 215.1 | 154.6 | 191.0 | 234.9 | 285.1 | 350.5 | 425.9 | 509.5 | 607.0 | 721.2 | 20.9% |
| Overall | 2,069.2 | 2,686.4 | 5,756.3 | 7,794.5 | 5,813.4 | 7,459.5 | 9,547.1 | 12,081.3 | 15,509.6 | 19,717.8 | 24,734.5 | 30,967.6 | 38,774.7 | 26.6% |
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