The global wearable medical devices market is expected to reach US$ 20 billion by 2025 from US$ 5 billion in 2018. The number of people using wearable monitoring devices is rapidly growing, which drive the global market for wearable medical devices.

The range of products includes watches, bands, clothes and accessories. The continuing technological innovations in the healthcare sector has resulted in the development of wearable devices which can be used for various purposes.

Wearable medical device technology has been evolving and is getting integrated with medical care practice. Wearable technology in the healthcare sector is to see a change from promoting optimal wellness to active action.

The growth in the wearable medical devices market is mostly due to increased awareness of the importance of fitness. For instance, it monitors the burning of calories and provides information on how many calories need to be burn.

The rising prevalence of chronic diseases such as diabetes, asthma and heart disease, hypertension and obesity has increased the demand for wearable medical devices. These devices usually monitor and store the data, forward the data to doctors for analysis and monitoring the patient health.

Furthermore, technological advancements and growth in smartphones & healthcare apps are also supporting the market. Some of the prospects for the market growth include the transition from conventional to wearable devices and the steady increase in remote patient monitoring and home healthcare.

Some of the restraints for the wearable medical device market are the high cost of wearable medical device, data security and privacy and the battery life.