Military Wearable Medical Device Market size is expected to reach USD 46.7 billion by 2028
Military Wearable Medical Device Industry Overview The global military wearable medical device market size was valued at USD 5.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 30.1% from 2021 to 2028. The rising R&D investment for military modernization programs, the growing need for advanced technology to overcome the limitations of previous wearable devices, and the safety and security features of the device are the key factors driving the market. The development of advanced technologies such as performance monitoring and heart monitoring can help to track the overall performance of the individual wearing this device. Due to the outbreak of the COVID-19 pandemic, the need for wearable devices has increased to monitor the heart rate and oxygen as the device helps to identify the vitals of the patients with the diseases. The U.S. military is looking for a new wearable medical device to monitor and track the vital...