According to the recent study the global wearable medical device market is projected to reach an estimated $24 billion by 2030 from $11 billion in 2023 at a CAGR of 13% from 2023 to 2030. Growth in this market is primarily driven by increasing awareness and importance of fitness and healthy lifestyle, rising chronic diseases, and technological innovations.
Browse 110 figures/charts
and 71 tables in this 168-page report to understand trends, opportunities and
forecast in wearable medical device market by end use (healthcare & medical
and remote patient monitoring), application (diagnostics and therapeutics),
distribution channel (pharmacies/clinics, online, and others), and region
(North America, Europe, APAC, and the Rest of the World).
Lucintel forecasts that
the diagnostic wearable device segment is expected to show the highest growth
during the forecast period.
Healthcare & medical
and remote patient monitoring are the major end use segments of the global
wearable medical device market. The remote patient monitoring segment is
expected to show above average growth during the forecast period because its
advanced wireless communication technologies share patient medical records and
activity with doctors over a period of time.
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wearable medical device market
North America is
expected to remain the largest as well as the highest growth region due to high
disposable income, rising chronic conditions, and acceptance of technologically
advanced products in this region.
Medtronic Plc, Roche
Holding AG, Animas Corporation (Johnson & Johnson) are the major suppliers
in the market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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