Wearable Medical Devices Market by Type, Application, Element - Global Trends and Forecast to 2032

1
Wearable Medical Devices Market Industry
Analysis, Trend, Growth, Opportunity, Forecast
2023-2032
2

• Industry Insights

• Wearable Medical Devices Market is slated to grow
  exponentially through 2032, owing to the rising
  awareness around physical fitness.
• Furthermore, wearable medical device technology
  is expected to play a key role in the medical and
  health sectors owing to the constantly aging
  population and rising adoption of IoT devices.
• It has been projected that new technological
  developments and the introduction of innovative
  products in the market for wearable medical
  devices will accelerate the market expansion.
• Besides, the COVID-19 pandemic has also
  accelerated the demand for measuring fitness at
  home with the help of wearable devices, which is
  further expected to accelerate the market
  expansion in the coming years.

3

• The key players operating in the industry are
  also engaging in campaigns to educate the
  population and spread information regarding
  wearable technologies for fitness monitoring and
  maintenance. In addition, they are also focusing
  on developing a more connected healthcare system
  capable of monitoring health and fitness at home.
  For instance, Apple has recently introduced
  advanced health sensors in the Apple Watch Series
  8 that help understand health better.
• By device, the diabetes devices segment is
  expected to reach over USD 140 billion by 2032
  end, owing to the rising incidences of diabetes
  along with the surging geriatric population pool,
  obesity, and unhealthy lifestyle habits.
• Based on application, the diabetes care segment
  held the leading market share of approximately
  45 in 2022 and is anticipated to grow
  considerably through 2032. The growth will be
  majorly accredited to the increasing pool of
  geriatric population more prone to diabetes and
  prediabetic conditions.

4

• Regional Analysis

• Regionally, the North America wearable medical
  devices market held a market share of over 27.5
  in 2022 and is poised to grow considerably over
  the forecast timeframe. Rising healthcare
  spending, increasing disposable income, and rapid
  urbanization are key factors influencing the
  market landscape in the region. I

• Competitive Analysis

• Several prominent players in the wearable medical
  devices market are Apple Inc., Abbott
  Laboratories, Lifesense, Fitbit Inc., Hocoma AG,
  Garmin Ltd., BioTelemetry Inc. (LifeWatch), and
  others. These companies are focusing on
  developing innovative products as a means to
  achieve a competitive advantage.

5
Wearable Medical Devices Market _at_
https//www.gminsights.com/industry-analysis/weara
ble-medical-devices-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/3
509
Request for customization _at_ https//www.gminsights
.com/roc/3509
6
Stay In Touch Social Media
7
THANK YOU
www.gminsights.com