Global Medical Wearable Devices Market Growth 2025-2031

The global Medical Wearable Devices market size is predicted to grow from US$ 1759 million in 2025 to US$ 2483 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.

According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.

LP Information, Inc. (LPI) ' newest research report, the “Medical Wearable Devices Industry Forecast” looks at past sales and reviews total world Medical Wearable Devices sales in 2024, providing a comprehensive analysis by region and market sector of projected Medical Wearable Devices sales for 2025 through 2031. With Medical Wearable Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Medical Wearable Devices industry.

This Insight Report provides a comprehensive analysis of the global Medical Wearable Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Medical Wearable Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Medical Wearable Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Medical Wearable Devices and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Medical Wearable Devices.

This report presents a comprehensive overview, market shares, and growth opportunities of Medical Wearable Devices market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Wrist Device
Head Device
Health Tracker
Others

Segmentation by Application:
Detect
Treatment
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
APPLE
Samsung
Steute Meditec
Huawei
Xiaomi
Empatica
Healthy.io
Lifeline Biotechnologies
DIH International Limited
Nonin
NeuroMetrix
Medtronic
Fitbit

Key Questions Addressed in this Report

What is the 10-year outlook for the global Medical Wearable Devices market?

What factors are driving Medical Wearable Devices market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Medical Wearable Devices market opportunities vary by end market size?

How does Medical Wearable Devices break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.