Wearable Healthcare Devices Market - Trends Forecast Till 2028

Wearable Healthcare Devices Market – Trends Forecast Till 2028

The Wearable Healthcare Devices Market size is projected to reach a CAGR of 17.4% from 2022 to 2028.

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 increase in the number of people with chronic disorders and the rising elderly population are some of the factors that have supported long-term expansion for Wearable Healthcare Devices Market.

Due to COVID-19, the use of wearable devices in a bid to combat COVID-19 has therefore been ramped up.

North America dominated the overall wearable medical devices market, with the United States emerging as the major contributor to the market. The United States holds the largest share in the wearable medical devices market due to the high prevalence of cardiovascular and lifestyle-related diseases and increased adoption of wearable medical technology, along with high per capita medical expenditure.

Wearable Healthcare Devices Market is segmented into device type, application, product type and region.

On the basis of Device Type

• Diagnostic devices
• Therapeutic devices                               

On the basis of Application  

• Sports and fitness
• Remote patient monitoring
• Home healthcare

On the basis of Product Type

• Watch
• Wristband

On the basis of Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Insights are provided for each region and major countries within the regions

 

Key Players

• Fitbit
• Lifesense
• Apple
• Omron Corporation
• Samsung
• Overlap
• Royal Philips
• Vivify Health
• Validic

Recent Developments

• In 2019, Omron Healthcare launched HealthGuide, which looks like a typical smartwatch but is incorporated with features to monitor blood pressure.
• October 2020, Garmin Ltd launched Vivofit jr, three kids fitness tracker watch, which would help kids to be motivated to meet their activity goals to see what happens next in the app adventure.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Wearable Healthcare Devices Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature	Descriptions
Growth Rate	CAGR of 17.4% during the forecasting period, 2022-2028
Historical Data	2019-2020
Forecast Years	2022-2028
Base Year	2021
Units Considered	Revenue in USD billion and CAGR from 2022 to 2028
Report Segmentation	device type, application, product type and region.
Report Attribute	Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling
Regional Level Scope	North America, Europe, Asia-Pacific, South America, and Middle East and Africa
Country Level Scope	U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)
Companies Profiled	Fitbit, Lifesense, Overlap, Royal Philips, Vivify Health, Validic, Apple, Omron Corporation, and Samsung
Available Customization	In addition to the market data for Wearable Healthcare Devices Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.