The Europe wearable medical devices market was estimated at USD 10.1 billion in 2023 and is expected to grow at a CAGR of 25.9% from 2024 to 2030. The surging demand for home care devices, central data management systems, and efficient wearable medical devices is expected to propel the market growth in the coming years. As consumers are growing more conscious about their health, there is a major increase in interest in keeping close tabs on their habits through remote patient monitoring systems. There is an increase in health quantification through mobile apps and a major concentration on healthy lifestyle orientation.

Several companies are launching remote patient monitoring devices and home healthcare products. This includes wearable medical devices that can navigate blood oxygen and respiration levels, heat and pulse rates, heat flux, galvanic skin responses, and skin temperature.

In 2023, the Europe region accounted for approximately 29.9% revenue share of the global wearable medical devices market. A major factor driving the market growth in Europe is the ongoing technological developments, the rising number of obese patients, increasing geriatric population, and rising healthcare expenditures. These have made companies launch health-related smart devices and apps, such as smart body analyzers and blood pressure monitors. These newly launched products designed with aesthetic appeal are likely to spur the rapid growth of wearable medical devices in Europe.

Gather more insights about the market drivers, restrains and growth of the Europe Wearable Medical Devices Market

Key Europe Wearable Medical Devices Company Insights

Companies are launching products designed to meet diverse consumer demands. Several leaders are dominating the market in different categories and are advancing with a wide range of products, including wearable medical devices such as monitors, telemetry systems, blood glucose monitoring systems, oximeters, fetal monitors, and others.

Recent Developments

• In December 2022, WISE received US Food and Drug Administration (FDA) approval for the WISE Cortical Strip. This is a single-use neuromonitoring device, developed using supersonic technology, that can be used for intraoperative monitoring and recording and as stimulation equipment to record the brain’s spontaneous electrical activity (ECoG) and somatosensory evoked potentials (SEPs).

Europe Wearable Medical Devices Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Europe wearable medical devices market report based on product, site, application, distribution channel, grade type, and country:

Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Diagnostic Devices

o Vital Sign Monitoring Devices

o Heart Rate Monitors

o Activity Monitors

o Electrocardiographs

o Pulse Oximeters

o Spirometers

o Blood Pressure Monitors

o Others

o Sleep Monitoring Devices

o Sleep trackers

o Wrist Actigraphs

o Polysomnographs

o Others

o Electrocardiographs Fetal And Obstetric Devices

o Neuromonitoring Devices

o Electroencephalographs

o Electromyographs

o Others

• Therapeutic Devices

o Pain Management Devices

o Neurostimulation Devices

o Others

o Insulin/Glucose Monitoring Devices

o Insulin Pumps

o Others

o Rehabilitation Devices

o Accelerometers

o Sensing Devices

o Ultrasound Platform

o Others

o Respiratory Therapy Devices

o Ventilators

o Positive Airway Pressure (PAP) Devices

o Portable Oxygen Concentrators

o Others

Site Outlook (Revenue, USD Billion, 2018 - 2030)

• Handheld

• Headband

• Strap/Clip/Bracelet

• Shoe Sensors

• Others

Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Sports & Fitness

• Remote Patient Monitoring

• Home Healthcare

Grade Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Consumer-Grade Wearable Medical Devices

• Clinical Wearable Medical Devices

Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Pharmacies

• Online Channel

• Hypermarkets

Country Outlook (Revenue, USD Billion, 2018 - 2030)

• Germany

• France

• Italy

• Spain

• Netherlands

• Russia

• Sweden

• UK

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