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 ...