Europe Wearable Medical Devices Market Size & Outlook
Europe wearable medical devices market, 2018-2030 (US$M)
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Europe wearable medical devices market highlights
- The Europe wearable medical devices market generated a revenue of USD 10,120.0 million in 2023.
- The market is expected to grow at a CAGR of 25.9% from 2024 to 2030.
- In terms of segment, diagnostic was the largest revenue generating product in 2023.
- Therapeutic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Sweden is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 10,120.0 million |
| Market revenue in 2030 | USD 50,854.6 million |
| Growth rate | 25.9% (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 |
| Key market players worldwide | Koninklijke Philips NV, Fitbit, Intel Corp, Garmin Ltd, Covidien, OMRON Corp, Polar Electro, Everist Health, UltraLinq Healthcare Solutions, Sotera Health Co Ordinary Shares |
Other key industry trends
- In terms of revenue, Europe region accounted for 29.9% of the global wearable medical devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 42,846.3 million by 2030.
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Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 62.34% in 2023. Horizon Databook has segmented the Europe wearable medical devices market based on diagnostic, therapeutic covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounted for 29.8% market share in the global wearable medical devices market in 2021. Rising demand for home care devices, supportive central data management systems, and growing accuracy & efficiency of wearable medical devices are the high impact rendering drivers. Europe is home to some of the world's most innovative wearable startups.
According to International Data Corporation's worldwide quarterly wearable device tracker, shipments of wearable devices in Europe increased by 30% in 2018. Wearable devices with payment option are increasing rapidly in Europe, as consumers easily and quickly incorporate this relatively new payment method into their daily routines.
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Target buyers of Europe 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe wearable medical devices market , including forecasts for subscribers. This continent databook contains high-level insights into Europe wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe wearable medical devices market size, by country, 2018-2030 (US$M)
Europe Wearable Medical Devices Market Outlook Share, 2023 & 2030 (US$M)
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