Russia Wearable Medical Devices Market Size & Outlook
Russia wearable medical devices market, 2018-2030 (US$M)
Related Markets
Russia wearable medical devices market highlights
- The Russia wearable medical devices market generated a revenue of USD 905.7 million in 2023 and is expected to reach USD 4,695.8 million by 2030.
- The Russia market is expected to grow at a CAGR of 26.5% 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.
Wearable medical devices market data book summary
| Market revenue in 2023 | USD 905.7 million |
| Market revenue in 2030 | USD 4,695.8 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic |
| Fastest growing segment | Therapeutic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Russia accounted for 2.7% of the global wearable medical devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany wearable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Sweden is the fastest growing regional market in Europe and is projected to reach USD 5,826.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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 62.49% in 2023. Horizon Databook has segmented the Russia wearable medical devices market based on diagnostic, therapeutic covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank Group, the country’s population aged 65 & above accounted for nearly 14.3% of the total population in 2017 and around 15.1% in 2019. Rise in geriatric population is anticipated to increase the demand for long-term and remote patient monitoring, thereby fueling the market growth.
Smartwatches were the most expensive products in Russia's wearables market. Fitness trackers accounted for half of all wearable devices sold in Russia by 2020. Adult smartwatches represent the second largest share of sales volume.
Xiaomi, Apple, Samsung, and Sony are among the most popular wearable device brands, according to Yandex Market, Russia's leading online shopping aggregator. The Apple Watch Sport and the Sony Smartwatch 3 are the other most popular wearable devices.
Reasons to subscribe to Russia wearable medical devices market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Russia wearable medical devices market databook
-
Our clientele includes a mix of wearable medical devices market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Russia wearable medical devices market , including forecasts for subscribers. This country databook contains high-level insights into Russia wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Russia wearable medical devices market size, by product, 2018-2030 (US$M)
Russia Wearable Medical Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
