WEARABLE MEDICAL DEVICES MARKET ANALYSIS

Wearable Medical Devices Market, By Product Type (Wearable Therapeutic Medical Devices, Wearable Monitoring and Diagnostic Devices and Health and Fitness Devices), By Application (Remote Patient Monitoring, Early Disease Detection, Chronic Disease Management, Fitness and Wellness, Rehabilitation, Surgical and Clinical Applications), By End User (Hospitals and Clinics, Hospital Pharmacies, Online Channels, Hypermarkets , Homecare Settings, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

In July 2024, Samsung Electronics launched the Galaxy Ring, Galaxy Watch7, and Galaxy Watch Ultra, expanding its Galaxy AI capabilities to enhance personal health and wellness. The Galaxy Ring offers convenient health monitoring and personalized insights directly from one’s finger.
In July 2024, KORE and mCare Digital launched the mCareWatch 241, a new personal emergency alarm that won the Best Innovative Assistive Technology award at the Asia Pacific Eldercare Awards. KORE’s platform supports seamless patient monitoring at home or in healthcare facilities.
In September 2023, Bonatra, a India-based startup, launched Smart Ring X1, a wearable smart ring that monitors heart rate, blood oxygen levels, and sleep quality. The ring syncs with continuous glucose monitors (CGMs) to generate a metabolic score and connects to the Bonatra app for detailed health tracking, including Sleep Score, Readiness Score, and Movement Index. Weighing just 4g, it is waterproof and made from hypoallergenic titanium alloys for comfortable long-term wear.
In August 2022, GOQii launched two new preventive healthcare devices aimed at young adults: the Smart Vital Ultra and GOQii Stream. Vishal, Founder & CEO of GOQii, emphasized that these smart wearables empower users to manage their health more effectively through data insights.