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PUBLISHER: Grand View Research | PRODUCT CODE: 1511973
PUBLISHER: Grand View Research | PRODUCT CODE: 1511973
Military Wearable Medical Devices Market Size, Share & Trends Analysis Report By Application (Heart, Performance Monitor), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2024 - 2030
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Military Wearable Medical Devices Market Growth & Trends:
The global military wearable medical devices market size is expected to reach USD 38.77 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 26.3% from 2024 to 2030. The growth of the market is attributed to the improvement in the overall performance of military soldiers with the help of innovative technology and the rising demand for lightweight military devices.
The Covid-19 pandemic has transformed the market for military wearable medical devices because wearable technologies could monitor, detect, and prevent the spread of the virus. The Covid-19 virus has indirectly increased the demand for wearable medical devices. According to the WHO guidelines, viral infection mainly spreads through the eyes, nose, and mouth and it is difficult to identify the virus during the initial days of contract. Hence, with the innovative technology, the individual can regularly check and monitor their body temperature, oxygen level, heart rate, and body performance so that if they found any negative result, then they can immediately take precautions and treatment.
As soldiers have to train and work in a rough and harsh environment, the wearable device they are carrying must be lightweight and must provide full information of the soldier's health and performance. Many market players are developing and introducing such wearable devices, which can bear the toughest environment of the battlefield. With the help of the device, armed forces can track and monitor the sleep of every individual, circadian stability, and all physical activity so that they can make necessary changes for better results as per the data.
As per the soldier modernization program, the military has decided to opt for lightweight wearable devices as soldiers already have to carry heavy stuff with them and such devices can increase the speed of the movement. The devices should be easy to carry and made of the toughest material to adapt to the environment. These devices should result in the betterment of the overall performance of the individuals.
Military Wearable Medical Devices Market Highlights
- By application, the heart monitor segment held the largest revenue share in 2023 as the system directly detects any uncertain change in the health of an individual, and the patient can be treated as early as possible
- North America led the market in 2023 and is expected to maintain its lead over the forecast period owing to technological advancements and increasing R&D investment in military devices
- Asia Pacific is expected to witness the fastest growth over the forecast period due to the rising cardiovascular events in the region and rising healthcare spending
- The industry is highly competitive with players who are developing advanced medical devices for the soldiers that can be used in war zones or in extreme environments
Product Code: GVR-4-68039-586-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Global Military Wearable Medical Device Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Global Military Wearable Medical Device Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Global Military Wearable Medical Device Market: Application Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Global Military Wearable Medical Device Market: Application Movement Analysis, USD Million, 2023 & 2030
- 4.3. Heart Monitor
- 4.3.1. Heart Monitor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.1.1. Sick Alert
- 4.3.1.1.1. Sick Alert Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.1.2. Heart Rate Variability
- 4.3.1.2.1. Heart Rate Variability Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.1. Heart Monitor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Performance Monitor
- 4.4.1. Performance Monitor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.1. Sleep-wake Cycle Alert
- 4.4.1.1.1. Sleep-wake Cycle Alert Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.2. Core Body Temperature Monitoring
- 4.4.1.2.1. Core Body Temperature Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.1. Performance Monitor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Global Military Wearable Medical Device Market: Regional Estimates & Trend Analysis
- 5.1. Global Military Wearable Medical Device Market Share, By Region, 2023 & 2030, USD Billion
- 5.2. North America
- 5.2.1. North America Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.2. U.S.
- 5.2.2.1. U.S. Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.3. Canada
- 5.2.3.1. Canada Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.4. Mexico
- 5.2.4.1. Mexico Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3. Europe
- 5.3.1. Europe Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.2. U.K.
- 5.3.2.1. U.K. Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Germany Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.4. France
- 5.3.4.1. France Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.5. Italy
- 5.3.5.1. Italy Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.6. Spain
- 5.3.6.1. Spain Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.7. Denmark
- 5.3.7.1. Denmark Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.8. Sweden
- 5.3.8.1. Sweden Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.9. Norway
- 5.3.9.1. Norway Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Asia Pacific Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.2. China
- 5.4.2.1. China Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.3. Japan
- 5.4.3.1. Japan Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.4. India
- 5.4.4.1. India Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.5. South Korea
- 5.4.5.1. South Korea Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.6. Australia
- 5.4.6.1. Australia Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.7. Thailand
- 5.4.7.1. Thailand Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Latin America
- 5.5.1. Latin America Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.2. Brazil
- 5.5.2.1. Brazil Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.3. Argentina
- 5.5.3.1. Argentina Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Middle East and Africa
- 5.6.1. Middle East and Africa Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.2. South Africa
- 5.6.2.1. South Africa Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.3. Saudi Arabia
- 5.6.3.1. Saudi Arabia Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.4. UAE
- 5.6.4.1. UAE Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.5. UAE
- 5.6.5.1. UAE Global Military Wearable Medical Device Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis by Key Market Participants
- 6.2. Company Categorization
- 6.3. Company Heat Map Analysis
- 6.4. Company Profiles
- 6.4.1. Advanced Micro Devices
- 6.4.1.1. Participant's Overview
- 6.4.1.2. Financial Performance
- 6.4.1.3. Product Benchmarking
- 6.4.1.4. Recent Developments/ Strategic Initiatives
- 6.4.2. Bittium
- 6.4.2.1. Participant's Overview
- 6.4.2.2. Financial Performance
- 6.4.2.3. Product Benchmarking
- 6.4.2.4. Recent Developments/ Strategic Initiatives
- 6.4.3. Polar Electro
- 6.4.3.1. Participant's Overview
- 6.4.3.2. Financial Performance
- 6.4.3.3. Product Benchmarking
- 6.4.3.4. Recent Developments/ Strategic Initiatives
- 6.4.4. Oura
- 6.4.4.1. Participant's Overview
- 6.4.4.2. Financial Performance
- 6.4.4.3. Product Benchmarking
- 6.4.4.4. Recent Developments/ Strategic Initiatives
- 6.4.5. Garmin
- 6.4.5.1. Participant's Overview
- 6.4.5.2. Financial Performance
- 6.4.5.3. Product Benchmarking
- 6.4.5.4. Recent Developments/ Strategic Initiatives
- 6.4.6. NeuroMetrix
- 6.4.6.1. Participant's Overview
- 6.4.6.2. Financial Performance
- 6.4.6.3. Product Benchmarking
- 6.4.6.4. Recent Developments/ Strategic Initiatives
- 6.4.7. GOQii
- 6.4.7.1. Participant's Overview
- 6.4.7.2. Financial Performance
- 6.4.7.3. Product Benchmarking
- 6.4.7.4. Recent Developments/ Strategic Initiatives
- 6.4.8. Apple Inc.
- 6.4.8.1. Participant's Overview
- 6.4.8.2. Financial Performance
- 6.4.8.3. Product Benchmarking
- 6.4.8.4. Recent Developments/ Strategic Initiatives
- 6.4.9. Samsung
- 6.4.9.1. Participant's Overview
- 6.4.9.2. Financial Performance
- 6.4.9.3. Product Benchmarking
- 6.4.9.4. Recent Developments/ Strategic Initiatives
- 6.4.10. Fitbit
- 6.4.10.1. Participant's Overview
- 6.4.10.2. Financial Performance
- 6.4.10.3. Product Benchmarking
- 6.4.10.4. Recent Developments/ Strategic Initiatives
- 6.4.11. Zephyr Technology Corporation
- 6.4.11.1. Participant's Overview
- 6.4.11.2. Financial Performance
- 6.4.11.3. Product Benchmarking
- 6.4.11.4. Recent Developments/ Strategic Initiatives
- 6.4.12. Camntec
- 6.4.12.1. Participant's Overview
- 6.4.12.2. Financial Performance
- 6.4.12.3. Product Benchmarking
- 6.4.12.4. Recent Developments/ Strategic Initiatives
- 6.4.1. Advanced Micro Devices
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