Global Wearable Medical Devices Market Size & Outlook
Global wearable medical devices market, 2018-2030 (US$M)
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Global wearable medical devices market highlights
- The global wearable medical devices market generated a revenue of USD 33,849.9 million in 2023 and is expected to reach USD 168,292.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 25.7% by 2030.
- In terms of segment, diagnostic accounted for a revenue of USD 20,857.0 million in 2023.
- Therapeutic is the most lucrative product 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 33,849.9 million |
| Market revenue in 2030 | USD 168,292.9 million |
| Growth rate | 25.7% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic |
| Fastest growing segment | Therapeutic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic, Therapeutic |
Other key industry trends
- In terms of revenue, the North America accounted for 36.3% of the global wearable medical devices 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 956.6 million by 2030.
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Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global wearable medical devices 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 wearable medical devices market will help companies and investors design strategic landscapes.
Diagnostic was the largest segment with a revenue share of 61.62% in 2023. Horizon Databook has segmented the Global wearable medical devices market based on diagnostic, therapeutic covering the revenue growth of each sub-segment from 2018 to 2030.
There has been an increase in the interest of people in recording & tracking information about their health habits. The personal informatics movement gained popularity initially by the introduction of mobile apps that made it easier for people to keep track of miles run & calories consumed per day, among others & Data journaling, life tracking, and health quantification are other words used or given to this activity.
As many companies launched devices that incorporate accelerometers & sensors to capture data automatically, users are freed from filling information on their own & More companies are introducing wearable devices that sense blood oxygen & respiration level, heart & amp; pulse rate, heat flux, galvanic skin response, and skin temperature, among others. Hence, interest in tracking of health data has increased.
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Target buyers of Global wearable medical devices market databook
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Our clientele includes a mix of wearable medical devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global wearable medical devices market , including forecasts for subscribers. This global databook contains high-level insights into Global wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global wearable medical devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Wearable medical devices market size, 2023 (US$M)
Global wearable medical devices market share, by product, 2023 & 2030 (%, US$M)
Wearable medical devices market: Opportunity assessment by country
Global wearable medical devices market, by region, 2023 (US$M)
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