Wearable Medical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Wearable Healthcare Devices Market Forecast & Share. The Market is Segmented by Device Type (Diagnostic Devices and Therapeutic Devices), Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare), Product Type (Watch, Wristband, Ear Wear, and Other Product Types), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The value is provided in (USD million) for the above segments.

Wearable Medical Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Wearable Medical Devices Market Size

Wearable Medical Devices Market Summary
Study Period 2021 - 2030
Market Size (2025) USD 48.26 Billion
Market Size (2030) USD 99.63 Billion
CAGR (2025 - 2030) 15.60 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Wearable Medical Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Wearable Medical Devices Market with other markets in Healthcare Industry

Biotechnology

Pharmaceuticals

Healthcare IT

Medical Devices

Animal Health

Device Drug Combination

Wearable Medical Devices Market Analysis

The Wearable Medical Devices Market size is estimated at USD 48.26 billion in 2025, and is expected to reach USD 99.63 billion by 2030, at a CAGR of 15.6% during the forecast period (2025-2030).

Wearable devices play a crucial role in predicting certain disorders by integrating essential vital signs with clinical symptomology. The use of wearable devices in a bid to combat COVID-19 has therefore been ramped up. Research has recently expanded on whether the extensive data that wearable devices collect can predict the onset of the virus or not.

For instance, according to a study published in NCBI in July 2022, 22 distinct types of wearable technology devices, such as smartwatches or fitness trackers, medical devices, and others, are utilized to identify COVID-19 infections. Such a huge adoption of wearable medical devices during the pandemic has been expected to drive market growth. Furthermore, post-pandemic, the market is expected to drive swiftly due to the rise in the adoption of wearable devices to track key health indicators.

The wearable medical devices market is growing at a faster pace owing to the rising technological innovations and advancements, as they can improve the lifestyle of the general population as well as the patient population. Wearable technologies offer a convenient mode of monitoring physiological symptoms, featuring a multitude of medical solutions. These devices are not only easy for consumer use but also offer real-time data for physicians to analyze. From the Apple Watch's EKG capabilities to new continuous glucose monitoring systems, wearable medical technologies have a broad range of potential applications in the healthcare industry.

The rise in the launch of wearable devices by the key market players is expected to propel market growth due to the rise in the adoption of such devices to monitor key health indicators. For instance, in August 2022, GOQii launched Smart Vital Ultra and GOQii Stream devices targeted at young adults and youth. These two products help enable consumers to monitor their vitals with ease.

Also, fundraising by companies to adopt innovative technologies such as implementing artificial intelligence (AI) technology in a wearable device to measure vital signs are anticipated to drive the market growth over the forecast period due to the rise in adoption of the technologically advanced product. For instance, in February 2022, Respira Labs closed a USD 2.8 million financing round to continue developing and manufacturing its chest wearable that uses acoustic resonance to assess lung function and identify changes in lung air volume, which is especially important for COPD, COVID-19, and asthma patients.

However, factors such as the lack of awareness about the availability of some wearable devices in developing and underdeveloped countries and the high cost of wearable devices are some of the major challenges to the growth prospects of the market.

Wearable Medical Devices Industry Overview

The wearable medical devices market is fragmented due to the presence of many players operating in the market. The market is driven by the launch of innovative products by the players, technological advancements, and emerging new market players, among others. Some of the market players operating in this market include Fitbit, Lifesense, Apple, Omron Corporation, and Samsung, Philips, among others.

Wearable Medical Devices Market Leaders

  1. Lifesense

  2. Apple

  3. Samsung

  4. Fitbit

  5. Omron Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Wearable Medical Devices Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Wearable Medical Devices Market News

  • November 2022: Zepp Health launched its India-exclusive smartwatch, the Amazfit Pop 2. The fitness wearable is available on the e-commerce platform Flipkart.
  • October 2022: OnePlus, a Chinese smartphone manufacturer, launched OnePlus Nord watch wearable device under its Nord category. The OnePlus Nord Watch pairs with the N Health app on a smartphone in order to measure and store step counts, calories burned, and sleep quality data.

Wearable Medical Devices Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Technological Advancements and Innovations
    • 4.2.2 Increasing Per-capita Income in Developing Countries
    • 4.2.3 Ease-of-use and Interpretation of Medical Devices
  • 4.3 Market Restraints
    • 4.3.1 High Cost of Wearable Devices
    • 4.3.2 Unfavorable Reimbursement Issues
    • 4.3.3 Lack of Awareness in Some Regions
  • 4.4 Porter Five Forces
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value - USD million)

  • 5.1 By Device Type
    • 5.1.1 Diagnostic Devices
    • 5.1.1.1 Vital Sign Monitoring Devices
    • 5.1.1.2 Sleep Monitoring Devices
    • 5.1.1.3 Electrocardiographs Fetal and Obstetric Devices
    • 5.1.1.4 Neuromonitoring Devices
    • 5.1.2 Therapeutic Devices
    • 5.1.2.1 Pain Management Devices
    • 5.1.2.2 Rehabilitation Devices
    • 5.1.2.3 Respiratory Therapy Devices
    • 5.1.2.4 Other Therapeutic Devices
  • 5.2 By Application
    • 5.2.1 Sports and Fitness
    • 5.2.2 Remote Patient Monitoring
    • 5.2.3 Home Healthcare
  • 5.3 By Product Type
    • 5.3.1 Watch
    • 5.3.2 Wristband
    • 5.3.3 Ear Wear
    • 5.3.4 Other Product Types
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.2 Europe
    • 5.4.2.1 United Kingdom
    • 5.4.2.2 Germany
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 South Korea
    • 5.4.3.6 Rest of Asia-Pacific
    • 5.4.4 Middle East and Africa
    • 5.4.4.1 GCC
    • 5.4.4.2 South Africa
    • 5.4.4.3 Rest of Middle East and Africa
    • 5.4.5 South America
    • 5.4.5.1 Brazil
    • 5.4.5.2 Argentina
    • 5.4.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Apple Inc.
    • 6.1.2 Omron Corporation
    • 6.1.3 Withings
    • 6.1.4 Fitbit
    • 6.1.5 MINTTIHEALTH
    • 6.1.6 imec
    • 6.1.7 Intelesens Ltd
    • 6.1.8 AIQ Smart Clothing
    • 6.1.9 Lifesense
    • 6.1.10 Biobeat
    • 6.1.11 Koninklinje Philips NV
    • 6.1.12 Samsung Electronics Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Wearable Medical Devices Industry Segmentation

As per the scope of the report, wearable medical devices are autonomous devices capable of diagnosing or monitoring medical conditions combined with digital health information, typically worn over the body. These devices possess features such as noninvasive physiological sensors, data processing modules, medical feedback, and wireless data transmission capabilities. The Wearable Devices Market is Segmented by Device Type (Diagnostic Devices (Vital Sign Monitoring Devices, Sleep Monitoring Devices, Electrocardiographs Fetal and Obstetric Devices, Neuromonitoring Devices) and Therapeutic Devices), Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare), Product Type (Watch, Wristband, Ear Wear, and Other Product Types), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Device Type Diagnostic Devices Vital Sign Monitoring Devices
Sleep Monitoring Devices
Electrocardiographs Fetal and Obstetric Devices
Neuromonitoring Devices
Therapeutic Devices Pain Management Devices
Rehabilitation Devices
Respiratory Therapy Devices
Other Therapeutic Devices
By Application Sports and Fitness
Remote Patient Monitoring
Home Healthcare
By Product Type Watch
Wristband
Ear Wear
Other Product Types
By Geography North America United States
Canada
Mexico
Europe United Kingdom
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa GCC
South Africa
Rest of Middle East and Africa
South America Brazil
Argentina
Rest of South America
Need A Different Region or Segment?
Customize Now

Wearable Medical Devices Market Research FAQs

How big is the Wearable Medical Devices Market?

The Wearable Medical Devices Market size is expected to reach USD 48.26 billion in 2025 and grow at a CAGR of 15.60% to reach USD 99.63 billion by 2030.

What is the current Wearable Medical Devices Market size?

In 2025, the Wearable Medical Devices Market size is expected to reach USD 48.26 billion.

Who are the key players in Wearable Medical Devices Market?

Lifesense, Apple, Samsung, Fitbit and Omron Corporation are the major companies operating in the Wearable Medical Devices Market.

Which is the fastest growing region in Wearable Medical Devices Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Wearable Medical Devices Market?

In 2025, the North America accounts for the largest market share in Wearable Medical Devices Market.

What years does this Wearable Medical Devices Market cover, and what was the market size in 2024?

In 2024, the Wearable Medical Devices Market size was estimated at USD 40.73 billion. The report covers the Wearable Medical Devices Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Wearable Medical Devices Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Wearable Medical Devices Industry Report

The wearable medical devices market is on an upward trajectory, fueled by an aging demographic susceptible to various conditions, cutting-edge medical technology advancements, and a rise in injuries from sports and accidents. North America leads this surge, with the Asia-Pacific region not far behind, due to governmental efforts and an increase in chronic lifestyle diseases. Wearable medical device companies are at the forefront, innovating with smart wearables, including activity trackers and biosensors, to meet the growing demand for health-conscious gadgets among consumers. This burgeoning sector is set for substantial growth, driven by robust R&D efforts and the launch of innovative products designed to monitor essential health indicators, signaling a promising expansion for the global market. For detailed insights, Mordor Intelligence™ Industry Reports provide comprehensive analysis, including market share, size, revenue growth rate, and a forecast outlook, available as a free report PDF download.