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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