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The IoMT wearable devices market was valued at USD 34.93 billion in 2024. It is expected to grow at a CAGR of 23.0% during the forecast period of 2025-2034 and attain a market value of USD 225.08 billion in 2034. The market value is impacted by the increasing use of such platforms and ongoing technological advancements in this field. There has been a significant increase in number of patent applications associated with IoMT wearable devices, driven by the functionality and efficiency of IoMT wearable devices improved by ongoing advancements in sensor technology, data analytics, and connectivity.
The Global IoMT Wearable Devices Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for Global IoMT Wearable Devices includes a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within IoMT wearable device technologies.
Mobile applications or companion mobile apps give instant access to users providing health information, and insights. It facilitates easier communication with medical providers. These applications frequently integrate health and wellness services and user-friendly interfaces. Therefore, such technical innovations have a significant impact on the patent landscape.
Wearable medical technology, or IoMT (Internet of Medical Things) involves the use of gadgets with sensors and connectivity capabilities to monitor, gather, and send medical data in real-time. These gadgets monitor a range of health metrics, including blood pressure, glucose levels, and heart rate. They also integrate with healthcare systems to provide complete care and provide real-time alerts, enabling proactive health management and chronic disease monitoring. In addition, they are designed in a way to facilitate easy wearing.
The IoMT wearable devices market continues to evolve, driven by enabling remote patient monitoring. It reduces the need for frequent hospital visits and admissions and can contribute to lower healthcare costs. Also, wearable technology and telemedicine platforms work together to improve patient management, diagnostics, and remote consultations, which increases accessibility and efficiency in healthcare especially in developing regions acting as a driving factor to boost market value in the forecast period.
Technological Advancements in IoMT Wearable Devices is Expected to Boost the Market Growth
Sensor technology, data analytics, and connectivity are three key areas of technological development that are propelling the IoMT wearable devices market. These developments improve wearable health device’s usability, precision, and effectiveness, increasing their appeal to both patients and healthcare professionals. Constant advancements in artificial intelligence, machine learning, and component miniaturization enable more advanced health monitoring features and improved user experiences.
For instance, in September 2023, Apple released WatchOS 9 with its enhanced heart rate variability tracking, sleep stage monitoring, and an improved ECG app among other advanced health monitoring features. These features make use of developments in data analytics and sensor technology to give users more precise and in-depth health insights.
Rise in Number of Chronic Diseases is Expected to Propel the IoMT Wearable Devices Industry Growth
The IoMT wearable devices market is significantly driven by the rising prevalence of chronic diseases like diabetes, cardiovascular diseases, and respiratory disorders. These devices provide early detection of health issues and continuous monitoring and lead to effective management of chronic conditions. In addition, these devices allow for proactive health management and lessen the strain on healthcare systems leading to an increase in its demand. As a result, the number of patent applications witnessed significant growth in 2023, rising from 18 (in 2022) to 36 (in 2023).
The report provides an in-depth analysis of the patents in this field by the following segmentation:
Breakup by Product Type
Breakup by Modality
The breakup based on product type includes fitness wearables, clinical grade wearables, remote monitoring wearables and others.
Clinical-grade wearables are cutting-edge wearable technologies created to adhere to strict regulatory requirements and deliver extremely accurate and dependable health data fit for medical application. To ensure that the data gathered is of a high enough quality for clinical decision-making and treatment planning, these devices are frequently used in clinical trials, patient monitoring, and chronic disease management.
The detailed technological data will be provided for all specified segments classified in this report.
The United States is one of the leading jurisdictions for IoMT Wearable Devices patents, having around 122 patents. The presence of a well-established healthcare infrastructure, a robust legal framework and prominent research institutions engaged in innovations contributes to the patent landscape significantly.
Australia is another vital jurisdiction and is witnessing rapid growth in patent filings. The expanding healthcare landscape in the region contributes to the evolving research capabilities, thereby influencing a surge in patent applications.
Among the players within IoMT wearable device patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:
A technology company that specializes in intelligent networking solutions that turn infrastructure and cars into Wi-Fi hotspots, Veniam Inc. is a key market player. It holds multiple technologies that can improve connectivity and data transmission in the context of IoMT wearable devices, guaranteeing dependable real-time health monitoring and data sharing. The company's emphasis on cutting-edge networking can facilitate wearable medical device deployment and operation in intelligent healthcare settings.
This company develops and produces implantable neuromodulation devices for the treatment of neurolog...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other companies include Bionet Sonar, and Abiomed Inc., among others.
The global IoMT wearable devices patent report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by:
Global Industrial Wearable Devices Market
Global Wearable Technology Market
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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