PUBLISHER: The Business Research Company | PRODUCT CODE: 2082420
PUBLISHER: The Business Research Company | PRODUCT CODE: 2082420
The wearable and IoMT medical devices segment focuses on interconnected healthcare technologies that support continuous monitoring, data acquisition, and remote patient management through wearable sensors and internet-enabled medical equipment. It encompasses devices and digital platforms designed to measure physiological indicators, transmit health data in real time, and assist clinical decision-making through integrated digital healthcare systems.
The primary types of wearable and IoMT medical devices include wearable external medical devices, implanted medical devices, stationary medical devices, and other types. Wearable external medical devices refer to body-worn technologies designed to continuously track health parameters such as heart rate, activity levels, and vital signs. These devices operate using connectivity technologies including bluetooth or bluetooth low energy, wi fi, cellular, zigbee, and other connectivity technologies. The various applications involved are patient monitoring, telemedicine, medication management, and other applications, and they are used by several end users such as healthcare providers, patients, government authorities, and other end users.
Tariffs are affecting the wearable and IoMT medical devices market by increasing the cost of critical components such as sensors, semiconductors, and connectivity modules, resulting in higher production expenses for manufacturers. This has notably impacted segments like wearable external medical devices and implantable technologies, with Asia-Pacific experiencing major disruptions due to its role as a key electronics manufacturing hub. Healthcare providers and end users are facing higher costs and slower technology adoption. However, tariffs are also encouraging localized manufacturing, strengthening domestic medical technology ecosystems, and fostering innovation in cost-efficient, regionally sourced healthcare devices.
The wearable and iomt medical devices market research report is one of a series of new reports from The Business Research Company that provides wearable and iomt medical devices market statistics, including wearable and iomt medical devices industry global market size, regional shares, competitors with a wearable and iomt medical devices market share, detailed wearable and iomt medical devices market segments, market trends and opportunities, and any further data you may need to thrive in the wearable and iomt medical devices industry. This wearable and iomt medical devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wearable and IoMT medical devices market size has grown rapidly in recent years. It will grow from $13.92 billion in 2025 to $15.84 billion in 2026 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to rising prevalence of chronic diseases, growth in wearable technology adoption, increasing healthcare digitization, expansion of telemedicine services, advancements in sensor technologies.
The wearable and IoMT medical devices market size is expected to see rapid growth in the next few years. It will grow to $26.8 billion by 2030 at a compound annual growth rate (CAGR) of 14.1%. The growth in the forecast period can be attributed to increasing demand for personalized healthcare solutions, rising adoption of remote patient monitoring systems, growing investment in digital health platforms, expansion of aging population healthcare needs, increasing focus on preventive healthcare. Major trends in the forecast period include increasing adoption of remote patient monitoring devices, growing demand for continuous real-time health tracking, rising integration of multi-parameter sensing in wearable devices, expansion of home-based healthcare solutions, development of compact and energy-efficient wearable medical devices.
The rising prevalence of chronic diseases is expected to drive the growth of the wearable and IoMT medical devices market going forward. Chronic diseases refer to long-term health conditions such as diabetes, cardiovascular diseases, and respiratory disorders that require continuous monitoring and long-term care management. The increase in chronic diseases is primarily driven by aging populations and prolonged exposure to lifestyle risk factors in developed economies. Wearable and IoMT medical devices support this trend by enabling real-time health tracking, remote patient monitoring, and early disease detection through connected sensors and smart medical technologies. For instance, in January 2024, according to the American Heart Association, a US-based non-profit organization, the age-adjusted death rate from cardiovascular disease rose to 233.3 per 100,000 in 2024, up 4.0% from 224.4 per 100,000 in 2023. Therefore, the rising prevalence of chronic diseases is driving the growth of the wearable and IoMT medical devices market.
Leading companies operating in the wearable and IoMT medical devices market are focusing on integrated artificial intelligence health monitoring systems, such as AI-assisted on-device health data access software and sensors that collect and interpret user health metrics in real time to support personalized wellness insights and medical reporting to gain a competitive advantage. AI-assisted on-device health data access enables wearables to combine multi-sensor inputs with machine-learning models to deliver actionable health insights and track trends over time with minimal user intervention. For example, in September 2023, Apple Inc., a US-based consumer electronics and wearable technology company, introduced the Apple Watch Series 9, featuring the custom S9 SiP with on-device Siri capable of accessing and logging health data securely, enhanced machine-learning-driven sensor fusion for more responsive health tracking, and expanded metrics support through watchOS 10. These capabilities strengthen continuous monitoring and user engagement, though regulatory validation and clinical acceptance for some metrics remain evolving.
In January 2025, ActiGraph LLC, a US-based digital health technology company, acquired the life sciences division of Biofourmis for an undisclosed value. Through this acquisition, the objective is to broaden capabilities in AI-enabled remote patient monitoring along with wearable-integrated health data analytics, thereby improving clinical trial optimization and enabling real-time patient insights. Biofourmis is a US-based digital therapeutics company that offers AI-driven health analytics, remote patient monitoring, and wearable-integrated care solutions.
Major companies operating in the wearable and iomt medical devices market are Apple Inc., Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Abbott Laboratories, Xiaomi Corporation, Medtronic plc, Siemens Healthineers AG, Philips Healthcare, GE HealthCare Technologies Inc., Boston Scientific Corporation, Omron Healthcare Co. Ltd., Garmin Ltd., ResMed Inc., Dexcom Inc., Masimo Corporation, BIOTRONIK SE & Co. KG, iRhythm Technologies Inc., BioIntelliSense Inc., Valencell Inc., LifeSignals Inc., VitalConnect Inc., Intelesens Ltd., Sempulse Private Limited, Biobeat Technologies Ltd.
North America was the dominating region in the wearable and IoMT medical market in 2025. Asia-Pacific is expected to be the rapidly expanding region during the forecast period. The regions covered in the wearable and IoMT medical devices market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the wearable and IoMT medical devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wearable and IoMT medical devices market consists of revenues earned by entities by providing services such as remote patient monitoring, real-time health data collection and analysis, device connectivity and integration, and digital health management through connected wearable and internet-enabled medical devices. The market value includes the value of related goods sold by the service provider or included within the service offering. The wearable and IoMT medical devices market also includes sales of wearable health monitoring devices, internet-enabled medical devices, connected biosensors, and smart diagnostic and monitoring equipment. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wearable And IoMT Medical Devices Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses wearable and iomt medical devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wearable and iomt medical devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The wearable and iomt medical devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.