Forecasting the Wearable Smart Device Market: Growth Projections for 2024-2030

The wearable smart device market was estimated at USD 90 billion in 2023 and is likely to grow at a CAGR of 14.64% during 2024-2030 to reach USD 235.06 billion in 2030.

Wearable smart devices are smart electronic devices enabled with wireless technologies such as GPS, Bluetooth, and others that transmit relevant information that is worn close to the surface of the skin and receive information through analytics. The wearable smart device market is doing great in gathering and relaying vital health statistics related to human health for the past few years and it has future opportunities to gain vital clinical information for real-time decision-making.