Market revenue in 2024 | USD 2,494.3 million |
Market revenue in 2030 | USD 5,396.1 million |
Growth rate | 13.7% (CAGR from 2024 to 2030) |
Largest segment | Chronic disease management |
Fastest growing segment | Remote Patient Monitoring (RPM) |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Chronic Disease Management, Post-operative Care, Remote Patient Monitoring (RPM), Other Applications |
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 |
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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.
Chronic disease management was the largest segment with a revenue share of 35.95% in 2024. Horizon Databook has segmented the Italy wearable medical devices market based on chronic disease management, post-operative care, remote patient monitoring (rpm), other applications covering the revenue growth of each sub-segment from 2018 to 2030.
The adoption of wearable devices is anticipated to increase in Italy due to rising healthcare expenditure, increase in prevalence of lifestyle disorders, and growing geriatric population in the region. Moreover, the market in Italy is also propelled due to the launch of products that have high esthetic appeal besides the basic functions, such as tracking patient health data.
For instance, Google partnered with Luxottica Group (Italy) to improve the look and design of its Google glass. The integration of fashion trends into wearable devices is likely to boost the market in Italy. Innovation in devices is also likely to spur market growth, for instance, the Italian start up Eyra created a wearable device— Horus—for people with visual impairment.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy wearable medical devices market , including forecasts for subscribers. This country databook contains high-level insights into Italy wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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