Wearable Medical Devices Market Size, Share, and Trends 2024 to 2034

The global wearable medical devices market size is calculated at USD 53.73 billion in 2025 and is projected to surpass around USD 427.05 billion by 2034, expanding at a CAGR of 25.90% from 2025 to 2034. The North America wearable medical devices market size surpassed USD 16.65 billion in 2024 and is expanding at a CAGR of 25.93% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 1131
  • Category : Healthcare

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Wearable Medical Devices Market 

5.1. COVID-19 Landscape: Wearable Medical Devices Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Wearable Medical Devices Market, By Site

8.1. Wearable Medical Devices Market Revenue and Volume, by Site, 2025-2034

8.1.1. Headband

8.1.1.1. Market Revenue and Volume Forecast (2022-2034)

8.1.2. Handheld

8.1.2.1. Market Revenue and Volume Forecast (2022-2034)

8.1.3. Shoe Sensors

8.1.3.1. Market Revenue and Volume Forecast (2022-2034)

8.1.4. Strap/Clip/Bracelet

8.1.4.1. Market Revenue and Volume Forecast (2022-2034)

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast (2022-2034)

Chapter 9. Global Wearable Medical Devices Market, By Product

9.1. Wearable Medical Devices Market Revenue and Volume, by Product, 2025-2034

9.1.1. Therapeutic Devices

9.1.1.1. Market Revenue and Volume Forecast (2022-2034)

9.1.2. Diagnostic Devices

9.1.2.1. Market Revenue and Volume Forecast (2022-2034)

Chapter 10. Global Wearable Medical Devices Market, By Application 

10.1. Wearable Medical Devices Market Revenue and Volume, by Application, 2025-2034

10.1.1. Remote Patient Monitoring

10.1.1.1. Market Revenue and Volume Forecast (2022-2034)

10.1.2. Sports & Fitness

10.1.2.1. Market Revenue and Volume Forecast (2022-2034)

10.1.3. Home Healthcare

10.1.3.1. Market Revenue and Volume Forecast (2022-2034)

Chapter 11. Global Wearable Medical Devices Market, By Grade Type

11.1. Wearable Medical Devices Market Revenue and Volume, by Grade Type, 2025-2034

11.1.1. Consumer-Grade Wearable Healthcare Devices

11.1.1.1. Market Revenue and Volume Forecast (2022-2034)

11.1.2. Clinical-Grade Wearable Healthcare Devices

11.1.2.1. Market Revenue and Volume Forecast (2022-2034)

Chapter 12. Global Wearable Medical Devices Market, By Distribution Channel

12.1. Wearable Medical Devices Market Revenue and Volume, by Distribution Channel, 2025-2034

12.1.1. Pharmacies

12.1.1.1. Market Revenue and Volume Forecast (2022-2034)

12.1.2. Online Channel

12.1.2.1. Market Revenue and Volume Forecast (2022-2034)

12.1.3. Hypermarkets

12.1.3.1. Market Revenue and Volume Forecast (2022-2034)

Chapter 13. Global Wearable Medical Devices Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.1.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.1.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.1.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.1.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.1.6. U.S.

13.1.6.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.1.6.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.1.6.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.1.6.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.1.6.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034) 

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.1.7.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.1.7.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.1.7.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.1.7.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.2. Europe

13.2.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.2.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.2.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.2.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034) 

13.2.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034) 

13.2.6. UK

13.2.6.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.2.6.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.2.6.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.2.7. Market Revenue and Volume Forecast, by Grade Type (2022-2034) 

13.2.8. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034) 

13.2.9. Germany

13.2.9.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.2.9.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.2.9.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.2.10. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.2.11. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.2.12. France

13.2.12.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.2.12.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.2.12.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.2.12.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.2.13. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.2.14.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.2.14.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.2.14.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.2.15. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.3. APAC

13.3.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.3.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.3.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.3.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.3.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.3.6. India

13.3.6.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.3.6.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.3.6.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.3.6.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.3.7. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.3.8. China

13.3.8.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.3.8.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.3.8.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.3.8.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.3.9. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.3.10. Japan

13.3.10.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.3.10.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.3.10.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.3.10.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.3.10.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.3.11.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.3.11.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.3.11.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.3.11.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.4. MEA

13.4.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.4.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.4.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.4.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.4.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.4.6. GCC

13.4.6.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.4.6.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.4.6.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.4.6.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.4.7. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.4.8. North Africa

13.4.8.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.4.8.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.4.8.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.4.8.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.4.9. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.4.10. South Africa

13.4.10.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.4.10.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.4.10.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.4.10.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.4.10.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.4.11.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.4.11.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.4.11.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.4.11.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.5. Latin America

13.5.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.5.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.5.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.5.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.5.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.5.6. Brazil

13.5.6.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.5.6.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.5.6.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.5.6.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.5.7. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Volume Forecast, by Site (2022-2034)

13.5.8.2. Market Revenue and Volume Forecast, by Product (2022-2034)

13.5.8.3. Market Revenue and Volume Forecast, by Application (2022-2034)

13.5.8.4. Market Revenue and Volume Forecast, by Grade Type (2022-2034)

13.5.8.5. Market Revenue and Volume Forecast, by Distribution Channel (2022-2034)

Chapter 14. Company Profiles

14.1. Koninklijke Philips N.V.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Medtronic Plc

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Sotera Wireless

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Omron Corporation

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Polar Electro

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Everist Health

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Intelesens Ltd

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Fitbit Inc.

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Withings

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Vital Connect

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global wearable medical devices market size was valued at USD 42.68 billion in 2024 and is predicted to worth around USD 427.05 billion by 2034.

The global wearable medical devices market is growing at a compound annual growth rate (CAGR) of 25.90% during the forecast period 2025 to 2034.

Rising demand for remote patient monitoring devices along with home healthcare solutions anticipated to positively influence the market growth for wearable medical devices. In addition, rising consumer focus towards fitness as well as effort for leading a healthy lifestyle expected to be the other main factor that fuels the product demand.

North America led the global wearable medical devices market in 2024 because of the increasing prevalence of diabetes, cardiovascular disorders, and cancer in the region.

The Asia Pacific however witnesses an exponential growth rate over the analysis period owing to favorable government initiatives for the adoption of such devices.

The therapeutic device anticipated to exhibit the fastest growth rate among product segment throughout the analysis period due to the rising influx of these products over the recent time.

The remote patient monitoring application anticipated to grow at the fastest rate over the forecast timeframe owing to the increasing prevalence of chronic diseases most commonly among the geriatric population.

Some of the key players operating in the market are Koninklijke Philips N.V., Medtronic Plc, Sotera Wireless, Omron Corporation, Polar Electro, Everist Health, Intelesens Ltd, Fitbit Inc., Withings, Vital Connect, and Garmin Ltd. among others.

A wearable medical device refers to a device that is noninvasive, autonomous, and performs specific medical function for example support or monitoring over a long period of time. These devices are smart devices equipped with sensors & other technologies and can be worn on a human body as a piece of clothing.

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