Wearable Healthcare Devices Market - Trends Forecast Till 2028

Market Overview

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.

Regional Analysis

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.

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

Competitive Landscape

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
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• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope