Market revenue in 2024 | USD 4,479.4 million |
Market revenue in 2030 | USD 8,942.5 million |
Growth rate | 12.2% (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 |
No credit card required*
Name | Profile | # Employees | HQ | Website |
---|
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 36.67% in 2024. Horizon Databook has segmented the UK 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 UK held the substantial share of the wearable medical devices market in Europe in 2021, and the same trend is expected during the forecast period. This can be attributed to factors such as favorable government regulations pertaining to wearable medical devices and increasing prevalence of chronic diseases in the UK.
For instance, as per researchers in the UK, in 2016, about 29.0 million people in the country were suffering from chronic pain. Moreover, as per a report published by the Xtelligent Healthcare Media, LLC, in 2018, physicians who prescribe wearable Health device to help patients manage chronic pain would be reimbursed by the UK's National Health Service.
A new trial was also launched in care homes across the UK to see if wearable digital devices can substantially reduce COVID-19 cases and prevent fatalities. The trial was financially supported by the National Institute of Health Research. Such instances are expected to boost the demand for wearable medical devices in the UK, thereby propelling market growth.
Horizon Databook provides a detailed overview of country-level data and insights on the UK wearable medical devices market , including forecasts for subscribers. This country databook contains high-level insights into UK wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account