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Wearable Medical Devices Market Share

  • Report ID: GMI3509
  • Published Date: Aug 2024
  • Report Format: PDF

Wearable Medical Devices Market Share

The wearable medical devices sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovations such as advanced sensors, integration with AI and machine learning, continuous glucose monitoring, and wearable ECG monitors. Notably, prominent industry players command considerable influence in this dynamic landscape, often driving forward advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are instrumental in fortifying market positions and expanding global footprint amidst evolving regulatory landscapes.
 

Wearable Medical Devices Market Companies

Some of the eminent market participants operating in the wearable medical devices industry include:

  • Abbott laboratories
  • Apple Inc.
  • Alphabet Inc.
  • Garmin Ltd.
  • Hocoma AG
  • Koninklijke Philips N.V.
  • LifeSense Group B.V.
  • Samsung
  • Sotera Wireless, Inc.
  • VitalConnect
  • Xiaomi Corporation
  • ZOLL Medical Corporation
Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The wearable medical devices market size was valued at around USD 105.1 billion in 2023 and is estimated to register 15.9% CAGR from 2024 – 2032 owing to the growing prevalence of chronic diseases globally.

The fitness monitoring segment in the market was valued at USD 24 billion in 2023 due to the rise in lifestyle-related health issues.

North America market is forecast to reach USD 124 billion by 2032 attributed to the advanced healthcare infrastructure and higher medical expenditure.

Abbott laboratories, Apple Inc., Alphabet Inc., Garmin Ltd., Hocoma AG, Koninklijke Philips N.V., LifeSense Group B.V., and Samsung among others.

Wearable Medical Devices Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 300
  • Countries covered: 23
  • Pages: 230
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