Learn about the global wearable medical devices market through The Business Research Company, which provides information on wearable medical devices market size, wearable medical devices market drivers and restraints, wearable medical devices market players, the COVID-19 impact on the wearable medical devices market, and more.

The global wearable medical devices market size is expected to grow from $18.41 billion in 2021 to $22.44 billion in 2022 at a compound annual growth rate (CAGR) of 21.9%. The global wearable medical device market size is expected to grow to $49.6 billion in 2026 at a CAGR of 21.9%.

The rise in mortality rate due to non-communicable diseases with an increasing prevalence of chronic diseases and lifestyle-associated diseases like hypertension and diabetes contributed to the growth of wearable medical devices.

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The wearable medical devices market consists of sales of wearable medical equipment and related services that include diagnostic devices and therapeutic devices like vital signs, sleep, neuromonitoring devices, electrocardiographs, pain management, and respiratory therapeutic devices among others.

Global Wearable Medical Devices Market Segments Include:

By Device Type: Diagnostic Devices, Therapeutic Devices

By Product Type: Watch, Wristband, Clothing, Ear Wear, Others

By Distribution Channel: Pharmacies, Online Channel, Hypermarkets

By Application: Sports and Fitness, Remote Patient Monitoring, Home Healthcare, Ear Wear

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the wearable medical devices market in 2021.

Integrating artificial intelligence into wearable medical devices is gaining traction. The data collected by wearable medical devices lack value without the integration of artificial intelligence (AI) that better utilizes the data collected. AI doctor which is a standalone network with a deep learning algorithm performs well than trained medical practitioners in conditions like skin lesions, electrocardiograms, medical imaging, and pathology.

TBRC’s wearable medical devices market report covers:

Major Market Players: Philips, Polar Electro, Omron Corporation, Fitbit Inc., Garmin Ltd., LifeWatch AG (BioTelemetry Inc.), Xiaomi Inc., VitalConnect, Jawbone Inc., General Electric Co., and Medtronic PLC,

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Wearable Medical Devices Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides wearable medical devices market overviews, analyzes and forecasts market size, share, wearable medical devices market players, wearable medical devices market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s wearable medical devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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