"Designing Growth Strategies is in our DNA"

Medical Wearables Market Size, Share and Global Trend by Product (Diagnostics, Therapeutics), By Site (Wrist, Head, Feet), By Distribution Channel (Hospital & clinics pharmacies, Retail pharmacies, Online pharmacies), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI100397 | Status : Ongoing



Wearable medical devices are electronic devices majorly comprising of one or more sensors that have computational capabilities. They are devices that can be attached to the body parts like waist, wrists, arms, feet or head. Medical wearables are handheld tools predominately used for the monitoring of diseases. These devices help patients and the general population to keep a track on their health and for timely intervention and efficient management of diseases. Scientists from Tufts University, Medford have developed a tiny sensor that is attached to a patient’s teeth and monitors the diet and health in real time.

This sensor can communicate wirelessly with a mobile device and then can transmit information on glucose, alcohol and salt intake. Smartwatches and wristbands are one of the majorly adopted medical wearable devices as they monitor many factors like steps taken per day, calories burnt per day, blood sugar and glucose levels and among others. 

To gain extensive insights into the market, Request for Customization

The global medical wearable devices market is expected to grow rapidly during the forecast period, owing to the increasing incidence and prevalence of chronic diseases leading to rising in demand for continuous monitoring of patient’s health. Also rising adoption of wearable and portable medical devices, and increasing awareness towards health monitoring among patients are some of the major factors that are anticipated to drive the growth of the global medical wearables market. 

The factors that are expected to inhibit the growth of the market are data security, data privacy and lack of flexible reimbursement policies. Additionally, using wearable medical devices with Bluetooth and cloud connectivity, hospitals and clinics generate a pool of patient’s vital statistics. Rising cybercrimes and hacking incidences pose a major restraint to the medical wearables market in terms of providing secure and confidential platforms to patients. The complexity involved in the development and designing process, along with a lack of efficiency in monitoring data in real time is some of the major factors projected to harm the growth of the medical wearables market. 

Key Players Covered 

Some of the major companies that are present in the global Medical Wearables Market are Fitbit, Inc., LifeWatch, Omron Healthcare, Inc., Drägerwerk AG & Co., Nokia Technologies, Activinsights Ltd., VitalConnect, Xiaomi, Misfit, Monica Healthcare Inc., and other players. 




By Product

·         Diagnostics

·         Therapeutics

By Site

·         Wrist

·         Head

·         Feet

·         Others

By Distribution Channel

·         Hospital & clinics pharmacies

·         Retail pharmacies

·         Online pharmacies

·         Others

By Geography

·         North America (USA and Canada)

·         Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

·         Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·         Latin America (Brazil, Mexico and Rest of Latin America)

·         Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)


At present, among the segmentation of site, wrist site is expected to account for the highest share in the global medical wearables market owing to the more preference given by the patient towards the wrist bands and its ease of use.

Key Insights 

  • Introduction of new products (by major players)
  • Technological advances in medical wearables
  • Growth strategies by key market players
  • Key Industrial developments: mergers and acquisitions 

Regional Analysis

The global medical wearables market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are anticipated to be the two largest markets for medical wearables at present and they are expected to account for a large proportion of the market in the forecast period as well. North America is projected to account for the largest share in the global market in 2018 owing to the increasing adoption of wearable devices, the rising prevalence of lifestyle diseases and the increasing emphasis on healthcare fitness among the general population. In the emerging countries of the Asia Pacific, the global medical wearables market is the expected to grow at a faster rate due to the high prevalence of chronic diseases like diabetes and hypertension combined with the increasing per capita healthcare expenditure.

Key Industry Developments

  • In February 2019, DowDuPont launched a new soft skin adhesive named DOW CORNING MG 7-1020 that is based on advanced silicone technology and can be used for a prolonged period of time while upholding strong adhesion.
  • In February 2019, VivaLnk, Inc., launched IoT-enabled medical wearable sensor platform for continuous patient monitoring of human biometrics and vitals, and conveys data from the patient to cloud, as well as to the edge computing devices, for analysis and application integration.
  • In October 2018, Arcadia Group Limited and Amazon.com, Inc., collaborated to launch “Choice brand” product to develop a wearable device for diabetes and cardiovascular disease management.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Healthcare Clients


Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.