Posted 2/19/2024, 3:30:00 PM
Wearable Health Devices Market to Surge Over 69 Billion by 2028, Driven by Home Healthcare Adoption and Chronic Disease Demand
- Wearable healthcare devices market valued at $40.7 billion in 2023, expected to reach $69.2 billion by 2028 at a CAGR of 11.2%
- Growth driven by rising adoption of home healthcare, chronic diseases, advanced medical devices, patient compliance and satisfaction
- Smartwatches held the largest market share in 2022 based on product segmentation
- Online channels accounted for the largest distribution channel share in 2022 due to e-commerce growth
- North America was the largest regional market in 2022 due to elderly population, healthcare expenditures, demand for improved services