The North America Medical Wellness Devices Market To Revolve Around
Substantial Growth In The Next Decade
Medical wellness devices such as thermometers, blood pressure monitors, oximeters, diabetes
monitors, sleep trackers, and smart watches are important devices that are very helpful in
monitoring the health condition of patients. Devices such as braces, orthotics, and those for
mobility care are helpful for serious injuries or dysfunction / disability of any body part.
With consumer awareness regarding these devices increasing, the market is expected to
witness high growth. As the number of people with heart diseases, blood pressure, injuries, and
accidents is increasing year on year at 10% growth rate, the need for medical wellness devices
is rising faster than before.
According to a new report published by Persistence Market Research, the North America
medical wellness devices market was valued at US$ 29.5 Bn in 2020, and is predicted to
expand at a CAGR of more than 7% over the forecast period (2021–2031).
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F. Hoffmann-La Roche AG
Ascensia Diabetes Care US Inc.
Tandem Diabetes Care
Omron Healthcare USA
Dr Trust USA
A&D Company, Limited
Koninklijke Philips N.V.,
Fossil Group, Inc.
De royal Industries, Inc.
Patterson Medical, Inc.
Zimmer Biomet Holdings, Inc
Otto Bock Holding GmbH& Co
Northern Light Technology
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Key Takeaways from Market Study
The thermometers segment is expected to grow at a fast rate of 10% CAGR, due to their
multiple applications such as checking temperature of body,