The wearable medical devices market is thriving as healthcare increasingly shifts toward preventive care, remote monitoring, and digital diagnostics. These devices—ranging from fitness trackers and smartwatches to medical-grade wearables like continuous glucose monitors, ECG monitors, and wearable patches—help users and healthcare providers track vital signs in real-time and manage chronic conditions. Fueled by advancements in sensor technology, miniaturization, Bluetooth connectivity, and AI-powered analytics, wearables are enhancing personalized healthcare. As patient engagement improves, healthcare systems become more digital, and regulatory clarity grows, the adoption of wearable medical devices is expected to accelerate globally.
According to Fortune Business Insights, the global wearable medical devices market was valued at USD 91.21 billion in 2024. The market is projected to grow from USD 103.04 billion in 2025 to USD 324.73 billion by 2032, exhibiting a CAGR of 17.8% during the forecast period. In 2024, North America dominated the global wearable medical devices market with a market share of 46.09%.
In January 2024, Fitbit Inc. announced a significant collaboration with Quest Diagnostics to advance wearable technologies aimed at improving metabolic health—highlighting the sector’s growing alignment with clinical diagnostics .