The global medical wearables market was valued at USD 19.50 Billion in 2025 and is expected to grow at a CAGR of 21.40%, reaching USD 135.59 Billion by 2035. The market growth is driven by the rising chronic disease prevalence and growing demand for remote patient monitoring across the globe.
Base Year
Historical Period
Forecast Period
Strategic funding and regulatory approvals are likely to accelerate development and adoption of AI-enabled wearable medical devices globally.
Rising chronic disease prevalence in the U.S. may increase demand for continuous health monitoring wearables, driving market expansion.
Japan’s aging population and integration of IoT in wearables are expected to create opportunities for patient-centric, remote healthcare solutions.
Compound Annual Growth Rate
21.4%
Value in USD Billion
2026-2035
*this image is indicative*
The market is experiencing robust growth, driven by rising chronic disease prevalence, aging populations, and increasing demand for remote patient monitoring (RPM) solutions. Technological advancements, including AI integration, non-invasive sensors, and real-time health tracking, are enhancing device functionalities and patient engagement. Regulatory support and strategic collaborations between MedTech companies are accelerating product approvals and market expansion. With growing consumer awareness of personalized healthcare and digital health adoption, medical wearables are poised to play a central role in modern healthcare delivery worldwide. The market is expected to grow at a CAGR of 21.40% during the forecast period of 2026-2035 and attain a market value of USD 135.59 Billion by 2035.
Strategic Investments Accelerating Innovation in the Market
The European Commission’s approval of EUR 403 million (USD 435.24 million) in public funding is accelerating medical wearables innovation. Targeting primarily small and medium-sized companies, this investment fosters development of advanced devices incorporating digital technologies and artificial intelligence. By stimulating private investments and supporting next-generation wearable solutions, the initiative is expected to enhance device functionalities, improve patient monitoring, and expand adoption across healthcare systems, driving growth in the market.
Major market trends include technological innovations, rising chronic disease prevalence, and an aging population.
Rising Chronic Disease Burden Driving Medical Wearables Adoption
In April 2025, 76.4% of U.S. adults reported having at least one chronic condition, with 51.4% experiencing multiple chronic conditions, according to the CDC. Common chronic diseases include hypertension, diabetes, heart disease, and respiratory disorders. This high prevalence is increasing the demand for continuous health monitoring solutions. Medical wearables, such as glucose monitors, heart rate trackers, and blood pressure sensors, are increasingly adopted to provide real-time data, support personalized care, and reduce hospital visits, driving significant market growth.
Integration of Artificial Intelligence and IoT to Enhance Medical Wearables Market Value
The incorporation of artificial intelligence (AI) and the internet of things (IoT) into wearable medical devices is significantly enhancing their functionality. AI algorithms enable real-time data analysis, providing personalized health insights and predictive analytics for early disease detection. IoT connectivity allows seamless data transmission to healthcare providers, facilitating remote monitoring and timely interventions. This technological convergence is leading to the development of smarter, more efficient wearable devices that improve patient outcomes and drive market expansion.
Surge in Elderly Population to Boost Medical Wearables Market Demand
Aging population is a major factor contributing to the increased demand for medical wearables. With a significant portion of the population aged 65 and above, there is a heightened need for continuous health monitoring to manage chronic conditions and ensure independent living. Wearable devices tailored for elderly care, such as fall detection sensors, heart rate monitors, and emergency alert systems, are becoming essential tools in geriatric healthcare. This demographic shift is propelling the growth of the medical wearables market in Japan.
Home Healthcare to Lead the Market Share by Application
During the historical period, the home healthcare application segment dominated the global market, accounting for 52% of total revenue. This reflects increasing demand for remote patient monitoring, chronic disease management, and connected care solutions that enable patients to track vital signs and health metrics from home. The segment’s strong performance highlights the growing adoption of digital health technologies and wearable devices in personalized healthcare.
In the historical period, North America emerged as the dominant region in the market, capturing 35% of global revenue. The region’s leadership is driven by advanced healthcare infrastructure, high adoption of digital health technologies, increasing prevalence of chronic diseases, and supportive regulatory frameworks. Strong presence of key market players and early consumer acceptance of innovative wearable solutions further reinforce North America’s prominent position in the global market.
The key features of the market report comprise patent analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Headquartered in California and founded in 1998, Google is expanding its global healthcare footprint through Fitbit wearables and AI-powered health solutions. In the medical wearables market, Google emphasizes preventive care, fitness tracking, and remote patient monitoring integrated with telehealth platforms. Collaborations with healthcare providers and research institutions worldwide strengthen its role in advancing digital health, enabling data-driven insights, and meeting growing demand for connected health technologies across regions.
Founded in 1888 and headquartered in Illinois, Abbott is a key player in the global medical wearables market with its FreeStyle Libre continuous glucose monitoring system. The device delivers real-time glucose readings without finger-prick testing, supporting diabetes management. Abbott collaborates with healthcare institutions globally to enhance access to advanced patient-centric care solutions, aligning with rising adoption of digital health, chronic disease management, and personalized wearable technologies.
Headquartered in Amsterdam and founded in 1891, Philips has a strong global presence in medical wearables through remote patient monitoring devices, telehealth solutions, and connected health platforms. Its wearable biosensors and AI-driven health tools enable continuous monitoring for cardiac patients and elderly populations. Partnerships with hospitals and healthcare technology providers worldwide support early disease detection, reduced hospital admissions, and improved patient outcomes, reinforcing Philips’ position in the expanding digital healthcare ecosystem.
Founded in 1994 and headquartered in Illinois, GE Healthcare contributes globally to medical wearables through advanced remote patient monitoring devices, wearable sensors, and AI-integrated diagnostics. The company partners with healthcare providers across multiple regions to enable early diagnosis, home-based care, and critical patient monitoring. GE Healthcare’s wearable innovations support aging populations, rising chronic disease prevalence, and telemedicine initiatives, aligning with strategies to enhance digital health infrastructure and healthcare accessibility worldwide.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include OMRON Healthcare, Inc., Apple Inc., Dexcom, Inc., Fresenius Medical Care AG, Sotera, Inc., and Boston Scientific Corporation.
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Type of Device
Market Breakup by Application
Market Breakup by Distribution Channel
Market Breakup by Region
Upto 15% Off
USD
$5499 $4949
$3299 $2969
$6999 $5949
$8199 $6969
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Type of Device |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
Single User License
One User
USD 5,499
USD 4,949
tax inclusive*
Datasheet
One User
USD 3,299
USD 2,969
tax inclusive*
Five User License
Five User
USD 6,999
USD 5,949
tax inclusive*
Corporate License
Unlimited Users
USD 8,199
USD 6,969
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share