Wearable Medical Device Industry Overview

The global wearable medical devices market size is expected to reach USD 168.29 billion by 2030, registering a CAGR of 25.53% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing growth driven by an increasing demand for high-tech products and the growing trend of continuous health monitoring.

The rising obesity rate and a heightened awareness of physical fitness, is motivating individuals to engage in workouts and adopt fitness-related activities. Wearable devices like smartwatches and smart bands play a crucial role in monitoring various fitness parameters, including calories burned, step count, heart rate, and distance covered. Companies such as Google, Fitbit, Apple, and Nike are actively launching innovative products, particularly focusing on smartwatches and wristbands, contributing to a surge in product availability.

Gather more insights about the market drivers, restrains and growth of the Wearable Medical Device Market

The COVID-19 pandemic has positively impacted the market, driven by the increased demand for telemedicine. WHO guidelines promoting social distancing and discouraging public gatherings have led to a preference for telemedicine among physicians, enabling remote patient treatment without the risk of virus transmission. The growth of telemedicine, coupled with the integration of artificial intelligence (AI) into its systems, has further propelled the expansion of the wearable medical device market.

Browse through Grand View Research's Medical Devices Industry Research Reports.

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• The global wearable artificial kidney market size was valued at USD 575.5 million in 2024 and is anticipated to grow at a CAGR of 6.9% from 2025 to 2030. 

Wearable Medical Devices Market Segmentation

Grand View Research has segmented global wearable medical device market report based on product, site, application, distribution channel, grade type, and region:

Wearable Medical Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnostic Devices
  • Vital Sign Monitoring Devices
    • Heart Rate Monitors
    • Activity Monitors
    • Electrocardiographs
    • Pulse Oximeters
    • Spirometers
    • Blood Pressure Monitors
    • Others
  • Sleep Monitoring Devices
    • Sleep trackers
    • Wrist Actigraphs
    • Polysomnographs
    • Others
  • Electrocardiographs Fetal and Obstetric Devices
  • Neuromonitoring Devices
    • Electroencephalographs
    • Electromyographs
    • Others
  • Therapeutic Devices
    • Pain Management Devices
      • Neurostimulation Devices
      • Others
    • Insulin/Glucose Monitoring Devices
      • Insulin Pumps
      • Others
    • Rehabilitation Devices
      • Accelometers
      • Sensing Devices
      • Ultrasound Platform
      • Others
    • Respiratory Therapy Devices
      • Ventilators
      • Positive Airway Pressure (PAP) Devices
      • Portable Oxygen Concentrators
      • Others

Wearable Medical Devices Site Outlook (Revenue, USD Million, 2018 - 2030)

• Handheld
• Headband
• Strap/Clip/Bracelet
• Shoe Sensors
• Others

Wearable Medical Devices Application Outlook (Revenue, USD Million, 2018 - 2030)

• Sports And Fitness
• Remote Patient Monitoring
• Home Healthcare

Wearable Medical Devices Grade Type Outlook (Revenue, USD Million, 2018 - 2030)

• Consumer-Grade Wearable Medical Devices
• Clinical Wearable Medical Devices

Wearable Medical Devices Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmacies
• Online Channel
• Hypermarkets

Wearable Medical Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • Italy
  • France
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand
• Central South America
  • Brazil
  • Mexico
  • Argentina
• Middle East Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

Key Companies profiled:

• Koninklijke Philips N.V.
• Fitbit (Google)
• Garmin Ltd.
• Medtronic
• Omron
• Withings
• VitalConnect
• Polar Electro
• Sotera, Inc.
• INVIZA Corporation
• Dexcom, Inc.
• GE HealthCare
• CONTEC MEDICAL SYSTEMS CO., LTD
• Nanowear Inc.

Recent Developments

• In January 2024, Nanowear, one of the leaders in at-home healthcare remote diagnostics, announced that its nanotechnology-powered wearable and software platform, SimpleSense, has received FDA 510(k) clearance for its innovative AI-enabled Software-as-a-Medical Device (SaMD). As the first non-invasive, cuffless, continuous blood pressure monitor and diagnostic tool, SimpleSense-BP represents a groundbreaking advancement in the clinical management of hypertension, complementing the platform’s previously cleared cardiopulmonary diagnostics.       
• In January 2024, Sennheiser collaborated with Polar Electro to launch the Momentum Sport earbuds, marking the first time Polar's bio-sensing capabilities extend beyond its own products. These German-engineered earbuds not only deliver high-quality sound but also integrate Polar's fitness technology, incorporating features such as a body temperature sensor and a Photoplethysmography (PPG) heart rate sensor for monitoring hydration levels during workouts. Users can access the comprehensive data analytics ecosystem through the Polar Flow training app, offering expert-tier performance tracking, training analytics, voice guidance, and smart coaching. This collaboration is poised to impact the wearable medical devices market by expanding bio-sensing capabilities into audio devices for enhanced fitness monitoring and guidance.
• In January 2024, Garmin Ltd. unveiled the Lily 2 series, representing the next evolution of its petite and stylish smartwatches, introducing enhanced health, wellness, and connectivity features. The Lily 2 and Lily 2 Classic models boast an advance redesign, featuring metal watch cases, concealed displays with distinctive patterned lenses, and a range of fashionable color options. With a substantial battery life of up to five days in smartwatch mode, users can delve into new functionalities such as sleep score tracking, dance fitness activities, and Garmin Ltd. Pay contactless payments. This announcement is expected to impact the wearable medical devices market by introducing refined and fashionable smartwatches equipped with advanced health and wellness features.

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