PUBLISHER: Lucintel | PRODUCT CODE: 1448458
PUBLISHER: Lucintel | PRODUCT CODE: 1448458
Wearable Medical Device Market Trends and Forecast
The future of the global wearable medical device market looks promising with opportunities in home healthcare and remote patient monitoring. The global wearable medical device market is expected to reach an estimated $24.3 billion by 2030, and it is forecast to grow at a CAGR of 12.6% from 2024 to 2030. The major drivers of growth are increasing awareness and importance of fitness and healthy lifestyle, rising chronic diseases, and technological innovations.
Emerging Trends in the Wearable Medical Device Market
Emerging trends, which have a direct impact on the dynamics of the market, include the increasing usage of wearable biofeedback devices and increasing adoption of cloud technology for interconnected healthcare devices.
A total of 110 figures / charts and 71 tables are provided in this 168-page report to help in your business decisions. A sample figure with some insights is shown below.
Wearable Medical Device Market by Segment
In this market, diagnostic wearable device segment is expected to show the highest growth and the remote patient monitoring segment is expected to show above average growth during the forecast period.
The study includes trends and forecast for the growth opportunities in the global wearable medical device market by end use, application, distribution channel, and region, as follows:
List of Wearable Medical Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, wearable medical device companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wearable medical device companies profiled in this report include-
Wearable Medical Device Market Insights
Features of the Wearable Medical Device Market
FAQ
Q1. What is the wearable medical device market size?
Answer:The global wearable medical device market is expected to reach an estimated $24.3 billion by 2030.
Q2. What is the growth forecast for wearable medical device market?
Answer:The wearable medical device market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the wearable medical device market?
Answer: The major drivers for this market are increasing awareness and importance of fitness and healthy lifestyle, rising chronic diseases, and technological innovations.
Q4. What are the major applications or end use industries for wearable medical devices?
Answer:Healthcare & medical and remote patient monitoring are the major end use segments for wearable medical devices.
Q5. What are the emerging trends in wearable medical device market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include the increasing usage of wearable biofeedback devices and increasing adoption of cloud technology for interconnected healthcare devices.
Q6. Who are the key wearable medical device companies?
Answer:Some of the key wearable medical device companies are as follows:
Q7.Which will be the largest wearable medical device segment in the forecast period?
Answer: Lucintel forecasts that .
Q8: In wearable medical device market, which region is expected to be the largest in the forecast period?
Answer:North America will remain the largest as well as the highest growing region over the forecast period.
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% customization without any additional cost.