Wearable Medical Devices Market Share

Wearable Medical Devices Market Share

The top players of the market account for approximately 42% of the market share which includes companies such as Apple Inc., Xiaomi Corporation, Samsung, Alphabet Inc., Abbott Laboratories, among others. Moreover, strategic partnerships with fitness centers, healthcare providers, research institutes, and government agencies play a primary role in advancing the development of products and getting the necessary permits. The development of public awareness through the campaigns, social media platform and endorsement of these devices through the health and wellness influencers will encourage consumers interest in wearable devices, enabling market players to strengthen their position in this growing sector.
 

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 
   
• Apple Inc has a strong focus on R&D activities, the company has invested approximately USD 31,370 million in financial year 2023-24.
   
• Samsung has a strong financial position; the company had reported a total revenue of USD 198,247.9 million for the financial year 2023.
   
• Alphabet Inc. has a robust growth through the implementation of various collaboration and acquisitions. For instance, in April 2021 the company as acquired Fitbit, Inc. a prominent player in the wearable device market.