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 |
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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.
Diagnostic was the largest segment with a revenue share of 62.49% in 2024. 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.
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.
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