The global wearable medical device market size is calculated at USD 38,700 million in 2024 and is predicted to reach around USD 85,900 million by 2034, expanding at a CAGR of 8.3% from 2024 to 2034.
Advancements in medical device technology led to the development of wearable medical devices, such as smartwatches, fitness trackers, and wearable ECG monitors. These devices track and monitor a patient’s health in real-time. The market is experiencing significant growth due to the rising awareness of active lifestyles and health and well-being. Due to the increasing sedentary lifestyle of people, the prevalence of chronic diseases is rising. This, in turn, boosts the demand for wearable medical devices, as some chronic diseases often require regular monitoring to manage conditions.
It is expected that the wearable medical devices market will expand at the fastest rate in the coming years. This is mainly due to the increasing cases of cardiovascular diseases (CVDs) across the globe. CVDs are one of the leading causes of death worldwide, requiring regular monitoring to manage symptoms, thus boosting the adoption of wearable ECG monitors. In addition, technological advancements create immense opportunities for market players. Many medical device companies are incorporating advanced sensors and AI features in wearables to enhance monitoring capabilities and patient satisfaction. With the rising health consciousness among people, the adoption of wearable medical devices is increasing to track physical activities and maintain fitness levels.
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| Stats ID: | 7441 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7441 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
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