Wearable Medical Devices Market To Reach $168.29 Billion By 2030

Wearable Medical Devices Market Growth & Trends

The global wearable medical devices market size is estimated to reach USD 168.29 billion by 2030, registering to grow at a CAGR of 25.53% from 2025 to 2030 according to a new report by Grand View Research, Inc. The market is experiencing growth driven by an increasing demand for high-tech products and the growing trend of continuous health monitoring.

The rising obesity rate and a heightened awareness of physical fitness, is motivating individuals to engage in workouts and adopt fitness-related activities. Wearable devices like smartwatches and smart bands play a crucial role in monitoring various fitness parameters, including calories burned, step count, heart rate, and distance covered. Companies such as Google, Fitbit, Apple, and Nike are actively launching innovative products, particularly focusing on smartwatches and wristbands, contributing to a surge in product availability.

The COVID-19 pandemic has positively impacted the market, driven by the increased demand for telemedicine. WHO guidelines promoting social distancing and discouraging public gatherings have led to a preference for telemedicine among physicians, enabling remote patient treatment without the risk of virus transmission. The growth of telemedicine, coupled with the integration of artificial intelligence (AI) into its systems, has further propelled the expansion of the wearable medical device market.

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Wearable Medical Devices Market Report Highlights

• The diagnostic devices segment dominated the market and accounted for the largest revenue share in 2024.

• The strap/clip/bracelet segment accounted for the largest revenue share in 2024. It is also anticipated to grow fastest over the forecast period.

• The home healthcare segment accounted for the largest revenue share of 52.34% in 2024. The increasing approvals for wearable medical devices intended for home care are expected to drive growth in this segment.

• The pharmacy segment accounted for the largest revenue share in 2024 in the wearable medical devices market.

• The consumer-grade wearable medical devices segment dominated the market in 2024.

Wearable Medical Devices Market Segmentation

Grand View Research has segmented the global wearable medical devices market based on product, site, application, distribution channel, grade type, and region:

Wearable Medical Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnostic Devices

  • Vital Sign Monitoring Devices

    • Heart Rate Monitors

    • Activity Monitors

    • Electrocardiographs

    • Pulse Oximeters

    • Spirometers

    • Blood Pressure Monitors

    • Others

  • Sleep Monitoring Devices

    • Sleep trackers

    • Wrist Actigraphs

    • Polysomnographs

    • Others

  • Electrocardiographs Fetal And Obstetric Devices

  • Neuromonitoring Devices

    • Electroencephalographs

    • Electromyographs

    • Others

• Therapeutic Devices

  • Pain Management Devices

    • Neurostimulation Devices

    • Others

  • Insulin/Glucose Monitoring Devices

    • Insulin Pumps

    • Others

  • Rehabilitation Devices

    • Accelometers

    • Sensing Devices

    • Ultrasound Platform

    • Others

  • Respiratory Therapy Devices

    • Ventilators

    • Positive Airway Pressure (PAP) Devices

    • Portable Oxygen Concentrators

    • Others

Wearable Medical Devices Site Outlook (Revenue, USD Million, 2018 - 2030)

• Handheld

• Headband

• Strap/Clip/Bracelet

• Shoe Sensors

• Others

Wearable Medical Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• Sports And Fitness

• Remote Patient Monitoring

• Home Healthcare

Wearable Medical Devices Grade Type Outlook (Revenue, USD Million, 2018 - 2030)

• Consumer-Grade Wearable Medical Devices

• Clinical Wearable Medical Devices

Wearable Medical Devices Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmacies

• Online Channel

• Hypermarkets

Wearable Medical Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • Italy

  • France

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Thailand

• Central & South America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Wearable Medical Devices Market

• Google

• Garmin Ltd

• Medtronic

• Abbott

• Koninklijke Philips N.V.

• GE HealthCare

• OMRON Healthcare, Inc.

• Dexcom, Inc.

• Insulet Corporation

• Tandem Diabetes Care, Inc.

• Fresenius Medical Care AG

• Inogen

• Cognita Labs

• AliveCor, Inc.

• EMAY

• VivaLNK, Inc.

• CAIRE Inc

• Ypsomed AG

• Wellue

• Qardio, Inc

• Withings

• iRhythm Technologies, Inc

• OxyGo HQ Florida, LLC.

• LOOKEETech

• VitalConnect

• Boston Scientific Corporation

• Nexstim

• LivaNova PLC

• Neuropace Inc.

• Nevro Corporation

• electroCore, Inc.

• tVNS Technologies GmbH

• Laborie

• Axonics, Inc

• Polar Electro

• Sotera, Inc.

• Samsung