Military Wearable Medical Device Market Size, Share & Trends Analysis Report By Application (Heart Monitor, Performance Monitor), By Region (North America, Europe, APAC, LATAM, MEA), And Segment Forecasts, 2021 - 2028

Report Overview

The global military wearable medical device market size was valued at USD 5.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 30.1% from 2021 to 2028.  The rising R&D investment for military modernization programs, the growing need for advanced technology to overcome the limitations of previous wearable devices, and the safety and security features of the device are the key factors driving the market. The development of advanced technologies such as performance monitoring and heart monitoring can help to track the overall performance of the individual wearing this device. Due to the outbreak of the COVID-19 pandemic, the need for wearable devices has increased to monitor the heart rate and oxygen as the device helps to identify the vitals of the patients with the diseases. The U.S. military is looking for a new wearable medical device to monitor and track the vitals of individuals and check whether they have contracted the virus. The U.S. defense department has set USD 25 million aside for the development of accurate and rapid wearable diagnostics to isolate pre-symptomatic cases of the Covid-19 virus and identify, track, and prevent the spread of the virus. Over 5000 people of the U.S. armed forces have been tested positive for the virus. The high-tech wearable device can monitor heart rate, oxygen, and overall health and can early detect the symptoms of the Covid-19 virus.

In the military, the individuals have to operate and perform intense work in extreme conditions like hot and humid conditions, which can directly affect their overall health. With the help of non-invasion monitoring devices, the military can track, detect, and prevent the health condition of their officers. This device also reflects physiological health during field training and operations.

Market players such as Zephyr Technology Corporation have introduced BioModule technology and OmniSense software that provides a single solution that monitors and measures a wide variety of biomechanical and psychological data. This software is used to correct and enhance the performance of individuals. A customized approach to training can lead to ideal results.

In the military environment, soldiers are often exposed to intense mental and psychological stress, which has a different impact on their performance and health. One of the reasons that impact health and performance is sleep deprivation. Hence, with the help of these devices, adequate sleep monitoring can indicate that sleep recovery is necessary.

Application Insights

Heart monitor accounted for the largest revenue share of over 80.0% in 2020. The rapid growth of the segment is attributed to the rising technological advancement in monitoring the heart health of individuals in extreme conditions to prevent some major issues. With the help of the devices, doctors can be acknowledged with the condition of the soldier and track the actual health condition of the individual, and can provide medical help as soon as possible. This technology uses non-invasion sensors to detect body temperature and heart rate.

The heart monitor segment is further sub-segmented into sick alert and heart rate variability. The features are essential for the soldiers who work in extreme conditions. HRV monitors the variation in time between every heartbeat. As a result, it is an indicator of good health or good performance of an individual. Whereas, sick alert acts based on the body temperature of the individual by assessing high or low body temperature. These attributes of wearable devices are responsible for the significant growth in the market.

Regional Insights

North America led the market and held a revenue share of over 35.0% in 2020 owing to the rising R&D activities for military wearable devices and increasing investment for soldier modernization programs. The U.S. Army wants to adopt the latest technology for the safety and security of its soldiers. The armed forces are adopting advanced digital technology and artificial intelligence for optimizing the ability of individuals.

The market players in North America are continuously developing advanced technological devices for the military, which can be beneficial for the soldiers during training, on-ground service, or during the war. The main goal of the market players is to create a device that is lightweight and provides the overall health condition of the individual. These devices also include real-time tracking systems and emergency alerts.

Key Companies & Market Share Insights

The major market players are strengthened by service quality and expertise in proving the advanced technology. There are very few companies manufacturing military wearable medical devices. In September 2020, Garmin International has announced the launch of a new heart rate monitor with the dual transmission. It is a lightweight device that transmits real-time heart rate data. The new product launch is anticipated to increase the revenue of the company. Some prominent players in the global military wearable medical device market include:

• Bittium

• Polar Electro

• Oura

• Garmin

• NeuroMetrix

• GOQii

• Apple Inc.

• Samsung

• Fitbit

• Zephyr Technology Corporation

• Camntech

Military Wearable Medical Device Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global military wearable medical device market report on the basis of application and region:

• Application Outlook (Revenue, USD Million, 2016 - 2028)

  • Heart Monitor

    • Sick Alert

    • Heart Rate Variability

  • Performance monitor

    • Sleep-wake Cycle Alert

    • Core Body Temperature Monitoring

• Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Russia

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • Egypt

    • Saudi Arabia

    • Israel