Global Wearable Medical Devices Industry Analysis Outlook, Trend, Growth and Share Estimation Analysis

A wearable medical device refers to an equipment that is noninvasive, autonomous, and performs certain medical functions such as providing support or monitoring over a long period of time. Trend toward use of wearable medical devices are rising, amongst both the healthcare professionals and consumers, which is predicted to widen the scope of application for the global wearable medical devices market in the years to come.

 Wearables are adopted and utilized in an extensive range of end use applications. However, wearables find immense opportunity in the healthcare and are able to address the burden of chronic disease, aging population, and spiraling cost of healthcare services.

 Request Brochure for Wearable Medical Devices Report –

 Global Wearable Medical Devices market Witness Most Promising Rise in Demand

The global wearable medical devices market was valued at approximately US$ 6.8 Bn in 2017 and is anticipated to reach a value of approximately US$ 29.6 Bn by 2026, expanding at a CAGR of 17.7% from 2018 to 2026. The global wearable medical devices market is driven by the rise in prevalence of chronic pain, increase in diabetic population, increase in the geriatric population, and a surge in the rate of adoption of technologically advanced wearable medical products. Furthermore, a rise in patient awareness and healthcare expenditure and technological advancements are expected to drive the market during the forecast period. 

There has been a rise in the healthcare-related data and associated complexities in data processing and extraction in the last few years. Research has been done to come up with a feasible solution that would incorporate artificial intelligence in wearable medical devices. Such technological innovations are predicted to drive the demand for wearable medical devices.

 Request for Analysis of COVID19 Impact on Wearable Medical Devices Market –

 The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

Key Players of Wearable Medical Devices Market Report:

Major players operating in the global wearable medical devices market include Xiaomi Technology Co., Ltd, Samsung Electronics Co. Ltd., Fitbit, Inc., Garmin Corporation, Apple Inc., Huawei Technologies Co., Ltd., Polar Electro, OMRON Corporation, Activinsights Ltd., and VitalConnect. Increase in mergers & acquisitions, new product development, and strategic collaborations between major companies and governing authorities are expected to drive the global market during the forecast period.

Buy Wearable Medical Devices Market Report –

 About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.


Transparency Market Research,

90 State Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453