Wearable Medical Devices Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Wearable Medical Devices Market size was valued at USD 16.6 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 26% from 2021 to 2027.

The wearable medical device market is growing at a faster pace due to technological innovations and advancements that can improve the lifestyles of not only patients but also the general population. Wearable technology offers a convenient mode for monitoring physiological symptoms featuring a variety of medical solutions. These devices are easy for consumers to use as well as provide real-time data that doctors can analyze. From the Apple Watch’s EKG function to the new continuous blood glucose monitoring system, wearable medical technology has a wide range of potential applications in the healthcare industry. Wearable devices play an important role in predicting specific disorders by integrating essential vital signs with clinical symptoms. Therefore, the use of wearable devices to combat COVID-19 has increased. Recently, research on whether the vast amount of data collected by wearable devices can predict virus outbreaks is expanding.

Market Segments

By Device

• Activity/ Fitness monitors
• Diabetes devices
• Cardiac monitors
• Neurological monitors
• Respiratory monitors
• Body & temperature monitors
• Hearing aids
• Others

By Application

• Cardiac health
• Obesity control
• Diabetes care
• Fitness monitoring
• Sleep tracking
• Others

Key Players

• Sony Corporation
• Boston Scientific Corporation
• Apple Inc.
• Honeywell International Inc.
• Qualcomm Inc.
• Omron Corporation
• Fitbit Inc.
• Honeywell International Inc.

Scope of the Report

The research study analyzes the global Wearable Medical Devices industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Wearable Medical Devices Market Report

1. What was the Wearable Medical Devices Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Wearable Medical Devices Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Wearable Medical Devices Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.