Most Promising Wearable Medical Device Companies in 2024: An Effective Solution to Monitor the Physiology by Healthcare Data

Wearable healthcare technology is healthcare observing gadgets adorned on the body to observe healthcare data via the usage of biosensors. Wearable healthcare technologies precisely observe pulse, robustness data, and sleep, but some gadgets, such as smartwatches, cannot precisely observe blood pressure. Biosensors are utilized in smartwatch technology. In wearable medical device companies, there are two kinds of biosensors, namely photodiode sensors and supportive metal oxide semiconductor sensors. There are innumerable wearable healthcare technology commodities on the market.

In this article, we will explore some of the surfacing technologies and their applications. We will also explore the leading companies that are pivotal in the healthcare sector, making lives better.

Wearable Medical Device Basics: A Quick Review

A biomarker for cancer cure, circulating tumor cells are normally collated and surveyed from blood specimens. While blood production is excessively interfering with a biopsy, CTC examinations have challenges such as a usual blood extraction is an excessively compact amount of blood to carry out tests, and CTC cells are not always available in adequate aggregate at the precise time of the blood extraction. In wearable medical device companies, researchers are advancing a wearable medical device that locates and calculates CTCs repeatedly over a period of time, causing an analysis of a bigger blood specimen and more undeniable detection through ML techniques.

However, the triumph of these devices in hospitals is not feasible without dependable Wi-Fi. The speedily proliferating meshwork of hardware now observed in medical provisions relies on an elevated standard, elevated presentation, and appropriate handling of wireless networks.

Industry Stats

The global wearable medical device market is poised to steady growth in the time to come. The market was valued at USD 31.75 billion in 2023 and is projected to grow to USD 222.93 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 24.2% during the forecast period 2024-2032.

Leading Companies in the Wearable Medical Device Market

Here’s a look at the top wearable medical device companies that are driving the growth of the industry:

AiQ Smart Clothing

Founded: 2009

Headquarters: Taiwan

AiQ smart clothing functions as a holistic solution provider by offering complete vertical incorporation of wearable technologies with smart textiles. Its central robustness comes from alignment with King Metal Fiber Technologies, which is restricted to distinctive beneficial substances in the e-textile field.

Apple Inc.

Founded: 1976

Headquarters: California, U.S.

Apple Inc. outlines makers and markets personal computers, smartphones, wearables and accessories, and tablets and disburses a diversity of connected accessories. The firm also provides payments, cloud, digital content, and advertising services. Apple Inc.'s consumers are primarily small and mid-sized businesses, education, endeavor, and the government market globally.

Fitbit Inc.

Founded: 2007

Headquarters: San Francisco, U.S.

Fitbit is an assemblage of wearable technology, physical proficiency monitors, and venture tracers such as smart watches, pedometers, and monitors for heart rate, sleep standard, and stairs ascended, as well as connected software. In the wearable medical device companies, the Fitbit brand name was initially retained by Fitbit Inc., founded by James Park and Eric Freidman. The firm was obtained by Google in January 2021 and was entrenched in the company’s hardware sector.

Garmin

Founded: 1989

Headquarters: Kansas, U.S.

Garmin is an American, Swiss-accommodated multinational technology firm. Since 2010, the firm has been legitimately included in Schaffhausen, Switzerland. The company develops GPS technology for aviation, automotive, outdoor, marine, and sports ventures. Because of its advancement in wearable technology, Garmin has also been competing with activity tracker and smartwatch consumer manufacturers such as Fitbit and Apple.

Google

Founded: 1998

Headquarters: California, U.S.

Google is an American multinational corporation and technology firm that concentrates on online advertising, search engine technology, cloud computing, quantum computing, computer software, consumer electronics, e-commerce, and Artificial Intelligence. It is normally referred to as the most powerful firm globally.

To Conclude

Contemporary and inventive technology such as NADI X is touching the clouds and permitting users to ameliorate their practices while observing their well-being. In wearable medical device companies, wearable healthcare technology is in the nascent stages of advancement, and there is much to see in the future and prevailing brands alike.