Global Wearable Medical Equipment Market Growth 2025-2031

Global Wearable Medical Equipment Market Growth 2025-2031

The global Wearable Medical Equipment market size is predicted to grow from US$ 25270 million in 2025 to US$ 61810 million in 2031; it is expected to grow at a CAGR of 16.1% 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 “Wearable Medical Equipment Industry Forecast” looks at past sales and reviews total world Wearable Medical Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected Wearable Medical Equipment sales for 2025 through 2031. With Wearable Medical Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Wearable Medical Equipment industry.

This Insight Report provides a comprehensive analysis of the global Wearable Medical Equipment 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 Wearable Medical Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Wearable Medical Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Wearable Medical Equipment 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 Wearable Medical Equipment.

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

Segmentation by Type:
Smart Rings and Watches
Wearable diagnostic equipment
Wearable therapeutic equipment

Segmentation by Application:
Sports fitness
Patient remote monitoring
Family health care

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.
Abbott Diabetes Care
Flextronics International
Insulet Corporation
Beurer
BaseBand Technologies
Apple
Google
Amcor
Bluegiga
Bluetooth SIG
BodyMonitor
Bosch Sensortec

Key Questions Addressed in this Report

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

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

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

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

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

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