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Wearable Medical Device Market Growth and Trends 2025 - 2030: Key Insights

  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 d...

Wearable Medical Device Market expected to expand at a CAGR of 28.1% from 2022 to 2030

  Wearable Medical Device Industry Overview The global wearable medical device market size is expected to reach USD 196.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 28.1% from 2022 to 2030. Rising demand for hi-tech products and continuous health monitoring is fueling the market growth.   Wearable Medical Devices Market Segmentation Grand View Research has segmented the global wearable medical devices market based on product, site, application, and region:   Based on the Product Insights, the market is segmented into Diagnostic Devices and Therapeutic Devices. The diagnostic devices segment dominated the market and accounted for the largest revenue share of 62.2% in 2021. Among diagnostic, the neuromonitoring devices segment was the largest in 2021. The growing prevalence of neurological disorders is the prime factor affecting segment growth. The therapeutic device segment is anticipated ...