According to a new market research report, ‘Wearable Medical Devices Market by Type (Smart Watch, Activity Monitor, Patch), Application (Monitoring {Glucose, BP, Sleep, RPM}, Therapeutic {Pain, Rehabilitation, Insulin), Grade (Consumer, Medical), Distribution Channel – Global Forecast to 2030’, published by Meticulous Research®, the wearable medical devices market is projected to reach $184.49 billion by 2030, at a CAGR of 19.5% from 2023 to 2030. Wearable devices are used to monitor vital parameters, such as blood pressure, blood glucose, oxygen levels, and sleep tracking, among others. They are also used as therapeutic devices for pain management, rehabilitation, and drug delivery. These devices or technologies come under a large spectrum of usability, including smartwatches, fitness trackers, continuous glucose monitoring patches, smart glasses, smart clothing, shoe sensors, and pain-reducing capacity, among others. This range of devices is used for various applications, such as blood glucose monitoring, blood pressure monitoring, sleep monitoring, neurological monitoring, baby monitoring, pain management, orthopaedic management, and smart wound care management, among others.