Wearable medtech device market

Departments - Medical Infographic

The market is booming with much of the growth attributed to awareness that monitoring and tracking vital signs, parameters enables preventive healthcare.

 

Wearable medtech device market

The market is booming with much of the growth attributed to awareness that monitoring and tracking vital signs, parameters enables preventive healthcare.

$16 billion – 2021 market value

$30 billion – 2026 market value (projected)

$61 billion – 2032 market value (projected)

13% - Compound annual growth rate 2022-2032

The home healthcare segment dominated the wearable healthcare devices market in 2020, accounting for 53.5% of total revenue.

Wearable segments

  • Diagnostic, monitoring
  • Vital sign monitoring
  • ECG/heart rate monitors
  • Blood pressure monitors
  • Wrist actigraph
  • Polysomnography device
  • Traditional diagnostic tests

What’s monitored?

  • Temperature
  • Heart rate
  • Blood pressure
  • Oxygen saturation

Applications

  • General health, fitness
  • Remote patient monitoring
  • Home healthcare

Key market players

  • Medtronic PLC
  • Koninklijke Philips N.V
  • GE Healthcare
  • Fitbit Inc
  • OMRON Corp.
  • Abbott Laboratories
  • Garmin Ltd.
  • Dexcom
  • Masimo Corp.

Source: https://www.futuremarketinsights.com

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