Stockcake Advanced Medical Room 1720189687

Wearable Medical Device Market Growth from 2024 to 2034

The global wearable medical device industry is expected to generate sales of USD 38.5 billion in 2024. From 2024 to 2034, the market for wearable medical devices is projected to grow at a CAGR of 8.2%, reaching USD 84.8 billion by the end of 2034.

Wearable medical devices are becoming increasingly important in the cardiovascular device sector. Innovative technologies, ranging from smartwatches to continuous monitoring devices, offer new opportunities for real-time health tracking, early diagnosis of cardiovascular issues, and personalized patient care. The adoption of wearable technologies in cardiovascular healthcare marks a shift towards preventive and proactive solutions, ultimately enhancing patient outcomes and disease management.

Sedentary lifestyles are expected to increase the prevalence of lifestyle-related illnesses such as diabetes and hypertension, necessitating continuous monitoring of physiological indicators. Wearable medical devices facilitate the collection of healthcare data, providing clinicians with real-time access and reducing errors. The rising mortality rate from noncommunicable diseases underscores the importance of personalized monitoring and care, driving demand for wearable medical devices.

The market is anticipated to grow due to the expansion of industries such as remote patient monitoring and home healthcare, along with a heightened focus on fitness and health-oriented lifestyles. Technological advancements, mergers and acquisitions, increasing clinical trials, and greater awareness of personal health monitoring are likely to propel the market forward.

The wearable medical device market is rapidly expanding due to increased technological advancements and innovations, which can improve the lifestyles of both the general public and patients. Wearable technologies offer a convenient way to monitor physiological symptoms and encompass a variety of medical solutions. These devices are user-friendly for consumers and provide real-time data for clinicians to review.

© Future Market Insights

Post a comment

Your email address will not be published. Required fields are marked *

Recent News

Globus Medical obtains FDA 510(k) Clearance for ExcelsiusFlex™ and ACTIFY™ 3D Total Knee System

Successful completion of the inaugural shoulder arthroplasty surgeries utilizing Stryker’s Blueprint® Mixed Reality Guidance System occurred at Mayo Clinic in Minnesota and St. Joseph’s Health Care in London, Canada.

Medical Device Technologies Market is projected to increase from USD 4.20 Billion in 2022 to USD 16.32 Billion by 2030, reflecting a robust Compound Annual Growth Rate (CAGR) of 18.50% over the forecast period

Hodess Cleanroom Construction expands its cleanroom services capabilities with the acquisitions of Protocol Management Services and Clean Rooms West

Medtronic Will Invest Up to $75 Million And begin Co-Promotion For CathWorks’ FFRangio System In The U.S. Europe and Japan

Tornier Shoulder Arthroplasty Portfolio Introduced by Stryker, With New Tornier Perform Humeral System Launched in Europe