웨어러블 의료기기 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트와 예측(2025-2034년)

Growth Factors of wearable medical devices Market

The global wearable medical devices market is experiencing rapid expansion, driven by increasing health awareness, technological advancements, and rising prevalence of chronic diseases. In 2025, the global market was valued at USD 103.04 billion. It is projected to grow from USD 117.41 billion in 2026 to USD 505.28 billion by 2034, registering a strong CAGR of 20% during the forecast period (2026-2034).

North America dominated the global market with a 45.70% share in 2025, supported by favorable reimbursement policies, advanced healthcare infrastructure, and high adoption of smart health technologies.

Wearable medical devices include products such as smartwatches, fitness bands, biosensors, hearing aids, and smart clothing, which are designed to monitor and collect real-time health data. These devices support early diagnosis, continuous monitoring, and preventive healthcare. According to mHealth Intelligence (2023), nearly 40% of U.S. adults use healthcare-related applications, while 35% utilize wearable healthcare devices, reflecting the growing penetration of these technologies.

Market Drivers

Rising Health Awareness and Chronic Disease Burden

Growing health consciousness among the global population is a key factor driving market growth. Increasing prevalence of chronic diseases such as diabetes, cardiovascular disorders, and hypertension has intensified the demand for continuous monitoring and early diagnosis.

According to data published by the Institute for Health Metrics and Evaluation (June 2023), over 500 million people worldwide are living with diabetes, and this number is expected to reach 1.3 billion over the next 30 years. The introduction of wearable devices capable of monitoring heart rate, blood glucose levels, and SpO2 has significantly boosted adoption among patients and healthcare providers.

Technological Advancements and Product Launches

Continuous technological advancements have encouraged market players to launch innovative wearable solutions. Devices equipped with AI-powered analytics, biosensors, and remote monitoring capabilities are enhancing patient outcomes and convenience.

For instance, in May 2024, Fitbit, Inc. launched the Fitbit ACE LTE smartwatch for children, while Samsung introduced new fitness bands in February 2024 to strengthen its global presence.

Market Trends

Growing Adoption of Smartwatches and Fitness Wearables

The rising popularity of smartwatches and fitness bands is a major trend shaping the market. According to Watch Faces (2023), approximately 1.2 billion people globally own a smartwatch. These devices are increasingly being used for health tracking beyond fitness, including sleep monitoring and vital sign measurement.

Additionally, during the COVID-19 pandemic, wearable medical devices witnessed increased demand as they were widely used for self-monitoring symptoms. Manufacturers of diagnostic wearables reported revenue growth during this period, positively impacting the market.

Market Restraints

Despite strong growth prospects, the high cost of maintenance associated with wearable medical devices may limit their adoption. Periodic replacement of batteries, sensors, and chips, along with limited reimbursement policies, increases the overall cost burden on users. These factors restrain adoption, particularly in emerging economies.

Market Segmentation Analysis

By Product

Based on product, the market is segmented into diagnostic & monitoring devices and therapeutic devices.

The diagnostic & monitoring devices segment dominated the market with a 33.76% share in 2026, driven by the rising prevalence of chronic diseases and growing demand for patient monitoring solutions.

The therapeutic devices segment is expected to grow significantly due to benefits such as ease of use and precise dosing.

By Application

By application, the market is categorized into sports & fitness and remote patient monitoring & home healthcare.

The sports & fitness segment dominated the market with a 23.55% share in 2026, supported by increasing participation in fitness activities and product launches such as the Samsung Galaxy Watch 7 series (May 2024).

By Grade

Based on grade, the consumer grade segment held the largest share of 29.08% in 2026, driven by high adoption of smartwatches and fitness bands. The clinical grade segment is expected to grow at the fastest CAGR due to rising regulatory approvals.

By Distribution Channel

The retail pharmacies segment dominated with a 25.55% share in 2026, owing to strong demand for self-monitoring devices. Online distribution is expected to grow rapidly due to increasing e-commerce adoption.

Regional Insights

• North America: Valued at USD 47.07 billion in 2025 and USD 53.37 billion in 2026, driven by innovation and strong reimbursement.
• Asia Pacific: Expected to register the highest CAGR, with China (USD 5.31 billion), Japan (USD 4.97 billion), and India (USD 3.29 billion) by 2026.
• Europe: Growing steadily due to aging population; Germany (USD 8.58 billion) and UK (USD 6.25 billion) by 2026.
• Latin America & Middle East & Africa: Untapped markets with future growth potential.

Competitive Landscape

The market is highly competitive, with key players including Apple Inc., Samsung, Fitbit Inc., Sonova, OMRON Healthcare, BD, and Koninklijke Philips N.V.

Apple Inc. held a dominant market share in 2024, supported by its strong smartwatch portfolio. Companies are focusing on product innovation, collaborations, and geographic expansion to strengthen market presence.

Conclusion

In conclusion, the global wearable medical devices market is set for exponential growth, expanding from USD 103.04 billion in 2025 to USD 505.28 billion by 2034. Rising health awareness, increasing chronic disease prevalence, technological advancements, and supportive government initiatives are driving market expansion. Despite challenges such as high maintenance costs and limited reimbursement, continuous innovation and growing adoption of digital healthcare solutions are expected to sustain long-term market growth.

Segmentation By Product

• Diagnostic & Monitoring Devices
  • Fitness Bands
  • Smartwatches
  • Smartclothing
  • Others
• Therapeutic Devices
  • Wearable Defibrillators
  • Drug Delivery Devices
  • Pain Management Devices
  • Hearing Aids
  • Others

By Application

• Remote Patient Monitoring & Home Healthcare
• Sports & Fitness

By Grade

• Consumer Grade
• Clinical Grade

By Distribution Channel

• Retail Pharmacies
• Online Distribution
• Hypermarkets & Others

By Region

• North America (By Product, Application, Grade, Distribution Channel, and Country)
  • U.S. (By Product)
  • Canada (By Product)
• Europe (By Product, Application, Grade, Distribution Channel, and Country)
  • U.K. (By Product)
  • Germany (By Product)
  • France (By Product)
  • Italy (By Product)
  • Spain (By Product)
  • Rest of Europe (By Product)
• Asia Pacific (By Product, Application, Grade, Distribution Channel, and Country)
  • China (By Product)
  • Japan (By Product)
  • India (By Product)
  • Australia (By Product)
  • Southeast Asia (By Product)
  • Rest of the Asia Pacific (By Product)
• Rest of the World (By Product, Application, Grade, and Distribution Channel)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Technological Advancements in Wearable Medical Devices
• 4.2. New Product Launches
• 4.3. Key Industry Developments - Mergers, Acquisitions & Partnerships
• 4.4. Impact of COVID-19 on Global Wearable Medical Devices Market

5. Global Wearable Medical Devices Market Analysis, Insights and Forecast, 2021-2034

• 5.1. Market Analysis, Insights and Forecast - By Product
  • 5.1.1. Diagnostic & Monitoring Devices
    • 5.1.1.1. Fitness Bands
    • 5.1.1.2. Smartwatches
    • 5.1.1.3. Smartclothing
    • 5.1.1.4. Others
  • 5.1.2. Therapeutic Devices
    • 5.1.2.1. Wearable Defibrillators
    • 5.1.2.2. Drug Delivery Devices
    • 5.1.2.3. Pain Management Devices
    • 5.1.2.4. Hearing Aids
    • 5.1.2.5. Others
• 5.2. Market Analysis, Insights and Forecast - By Application
  • 5.2.1. Remote Patient Monitoring & Home Healthcare
  • 5.2.2. Sports & Fitness
• 5.3. Market Analysis, Insights and Forecast - By Grade
  • 5.3.1. Consumer Grade
  • 5.3.2. Clinical Grade
• 5.4. Market Analysis, Insights and Forecast - By Distribution Channel
  • 5.4.1. Retail Pharmacies
  • 5.4.2. Online Distribution
  • 5.4.3. Hypermarkets & Others
• 5.5. Market Analysis, Insights and Forecast - By Region
  • 5.5.1. North America
  • 5.5.2. Europe
  • 5.5.3. Asia Pacific
  • 5.5.4. Rest of the World

6. North America Wearable Medical Devices Market Analysis, Insights and Forecast, 2021-2034

• 6.1. Market Analysis, Insights and Forecast - By Product
  • 6.1.1. Diagnostic & Monitoring Devices
    • 6.1.1.1. Fitness Bands
    • 6.1.1.2. Smartwatches
    • 6.1.1.3. Smartclothing
    • 6.1.1.4. Others
  • 6.1.2. Therapeutic Devices
    • 6.1.2.1. Wearable Defibrillators
    • 6.1.2.2. Drug Delivery Devices
    • 6.1.2.3. Pain Management Devices
    • 6.1.2.4. Hearing Aids
    • 6.1.2.5. Others
• 6.2. Market Analysis, Insights and Forecast - By Application
  • 6.2.1. Remote Patient Monitoring & Home Healthcare
  • 6.2.2. Sports & Fitness
• 6.3. Market Analysis, Insights and Forecast - By Grade
  • 6.3.1. Consumer Grade
  • 6.3.2. Clinical Grade
• 6.4. Market Analysis, Insights and Forecast - By Distribution Channel
  • 6.4.1. Retail Pharmacies
  • 6.4.2. Online Distribution
  • 6.4.3. Hypermarkets & Others
• 6.5. Market Analysis, Insights and Forecast - By Country
  • 6.5.1. U.S.
    • 6.5.1.1. By Product
  • 6.5.2. Canada
    • 6.5.2.1. By Product

7. Europe Wearable Medical Devices Market Analysis, Insights and Forecast, 2021-2034

• 7.1. Market Analysis, Insights and Forecast - By Product
  • 7.1.1. Diagnostic & Monitoring Devices
    • 7.1.1.1. Fitness Bands
    • 7.1.1.2. Smartwatches
    • 7.1.1.3. Smartclothing
    • 7.1.1.4. Others
  • 7.1.2. Therapeutic Devices
    • 7.1.2.1. Wearable Defibrillators
    • 7.1.2.2. Drug Delivery Devices
    • 7.1.2.3. Pain Management Devices
    • 7.1.2.4. Hearing Aids
    • 7.1.2.5. Others
• 7.2. Market Analysis, Insights and Forecast - By Application
  • 7.2.1. Remote Patient Monitoring & Home Healthcare
  • 7.2.2. Sports & Fitness
• 7.3. Market Analysis, Insights and Forecast - By Grade
  • 7.3.1. Consumer Grade
  • 7.3.2. Clinical Grade
• 7.4. Market Analysis, Insights and Forecast - By Distribution Channel
  • 7.4.1. Retail Pharmacies
  • 7.4.2. Online Distribution
  • 7.4.3. Hypermarkets & Others
• 7.5. Market Analysis, Insights and Forecast - By Country/Sub-region
  • 7.5.1. France
    • 7.5.1.1. By Product
  • 7.5.2. Italy
    • 7.5.2.1. By Product
  • 7.5.3. Spain
    • 7.5.3.1. By Product
  • 7.5.4. U.K.
    • 7.5.4.1. By Product
  • 7.5.5. Germany
    • 7.5.5.1. By Product
  • 7.5.6. Rest of Europe
    • 7.5.6.1. By Product

8. Asia Pacific Wearable Medical Devices Market Analysis, Insights and Forecast, 2021-2034

• 8.1. Market Analysis, Insights and Forecast - By Product
  • 8.1.1. Diagnostic & Monitoring Devices
    • 8.1.1.1. Fitness Bands
    • 8.1.1.2. Smartwatches
    • 8.1.1.3. Smartclothing
    • 8.1.1.4. Others
  • 8.1.2. Therapeutic Devices
    • 8.1.2.1. Wearable Defibrillators
    • 8.1.2.2. Drug Delivery Devices
    • 8.1.2.3. Pain Management Devices
    • 8.1.2.4. Hearing Aids
    • 8.1.2.5. Others
• 8.2. Market Analysis, Insights and Forecast - By Application
  • 8.2.1. Remote Patient Monitoring & Home Healthcare
  • 8.2.2. Sports & Fitness
• 8.3. Market Analysis, Insights and Forecast - By Grade
  • 8.3.1. Consumer Grade
  • 8.3.2. Clinical Grade
• 8.4. Market Analysis, Insights and Forecast - By Distribution Channel
  • 8.4.1. Retail Pharmacies
  • 8.4.2. Online Distribution
  • 8.4.3. Hypermarkets & Others
• 8.5. Market Analysis, Insights and Forecast - By Country/Sub-region
  • 8.5.1. China
    • 8.5.1.1. By Product
  • 8.5.2. Japan
    • 8.5.2.1. By Product
  • 8.5.3. India
    • 8.5.3.1. By Product
  • 8.5.4. Australia
    • 8.5.4.1. By Product
  • 8.5.5. Southeast Asia
    • 8.5.5.1. By Product
  • 8.5.6. Rest of Asia Pacific
    • 8.5.6.1. By Product

9. Rest of the World Wearable Medical Devices Market Analysis, Insights and Forecast, 2021-2034

• 9.1. Market Analysis, Insights and Forecast - By Product
  • 9.1.1. Diagnostic & Monitoring Devices
    • 9.1.1.1. Fitness Bands
    • 9.1.1.2. Smartwatches
    • 9.1.1.3. Smartclothing
    • 9.1.1.4. Others
  • 9.1.2. Therapeutic Devices
    • 9.1.2.1. Wearable Defibrillators
    • 9.1.2.2. Drug Delivery Devices
    • 9.1.2.3. Pain Management Devices
    • 9.1.2.4. Hearing Aids
    • 9.1.2.5. Others
• 9.2. Market Analysis, Insights and Forecast - By Application
  • 9.2.1. Remote Patient Monitoring & Home Healthcare
  • 9.2.2. Sports & Fitness
• 9.3. Market Analysis, Insights and Forecast - By Grade
  • 9.3.1. Consumer Grade
  • 9.3.2. Clinical Grade
• 9.4. Market Analysis, Insights and Forecast - By Distribution Channel
  • 9.4.1. Retail Pharmacies
  • 9.4.2. Online Distribution
  • 9.4.3. Hypermarkets & Others

10. Competitive Analysis

• 10.1. Global Market Share Analysis (2025)
• 10.2. Company Profiles
  • 10.2.1. BD
    • 10.2.1.1. Overview
    • 10.2.1.2. Products
    • 10.2.1.3. SWOT Analysis
    • 10.2.1.4. Recent Developments
    • 10.2.1.5. Strategies
    • 10.2.1.6. Financials (Based on Availability)
  • 10.2.2. Ypsomed
    • 10.2.2.1. Overview
    • 10.2.2.2. Products
    • 10.2.2.3. SWOT Analysis
    • 10.2.2.4. Recent Developments
    • 10.2.2.5. Strategies
    • 10.2.2.6. Financials (Based on Availability)
  • 10.2.3. Fitbit, Inc.
    • 10.2.3.1. Overview
    • 10.2.3.2. Products
    • 10.2.3.3. SWOT Analysis
    • 10.2.3.4. Recent Developments
    • 10.2.3.5. Strategies
    • 10.2.3.6. Financials (Based on Availability)
  • 10.2.4. Apple Inc.
    • 10.2.4.1. Overview
    • 10.2.4.2. Products
    • 10.2.4.3. SWOT Analysis
    • 10.2.4.4. Recent Developments
    • 10.2.4.5. Strategies
    • 10.2.4.6. Financials (Based on Availability)
  • 10.2.5. Sonova
    • 10.2.5.1. Overview
    • 10.2.5.2. Products
    • 10.2.5.3. SWOT Analysis
    • 10.2.5.4. Recent Developments
    • 10.2.5.5. Strategies
    • 10.2.5.6. Financials (Based on Availability)
  • 10.2.6. NeuroMetrix, Inc.
    • 10.2.6.1. Overview
    • 10.2.6.2. Products
    • 10.2.6.3. SWOT Analysis
    • 10.2.6.4. Recent Developments
    • 10.2.6.5. Strategies
    • 10.2.6.6. Financials (Based on Availability)
  • 10.2.7. SAMSUNG
    • 10.2.7.1. Overview
    • 10.2.7.2. Products
    • 10.2.7.3. SWOT Analysis
    • 10.2.7.4. Recent Developments
    • 10.2.7.5. Strategies
    • 10.2.7.6. Financials (Based on Availability)
  • 10.2.8. OMRON Healthcare, Inc.
    • 10.2.8.1. Overview
    • 10.2.8.2. Products
    • 10.2.8.3. SWOT Analysis
    • 10.2.8.4. Recent Developments
    • 10.2.8.5. Strategies
    • 10.2.8.6. Financials (Based on Availability)
  • 10.2.9. AiQ Smart Clothing
    • 10.2.9.1. Overview
    • 10.2.9.2. Products
    • 10.2.9.3. SWOT Analysis
    • 10.2.9.4. Recent Developments
    • 10.2.9.5. Strategies
    • 10.2.9.6. Financials (Based on Availability)
  • 10.2.10. Koninklijke Philips N.V.
    • 10.2.10.1. Overview
    • 10.2.10.2. Products
    • 10.2.10.3. SWOT Analysis
    • 10.2.10.4. Recent Developments
    • 10.2.10.5. Strategies
    • 10.2.10.6. Financials (Based on Availability)