Human-Powered Medical Equipment Market Size

Human-powered Medical Equipment Market size is expected to reach USD 212 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of human-powered medical equipment was USD 97 Billion. The reason behind the growth is due to the increasing adoption of wearable devices across the globe. Wearable technology powers medical devices with the human body by using software, actuators, sensors, and electronic patches affixed to the skin to monitor a patient's condition. Worldwide, there was a significant increase in the number of wearables increased between 2019 and 2022 to more than 1 billion in 2022.

The growing integration of IoT in medical equipment is believed to fuel the market growth. The Internet of Things (IoT) has demonstrated potential for linking different medical devices, allowing for real-time data access and health monitoring, improving patient outcomes and a new generation of medical equipment with continuous data transmission abilities will be made possible by IoT-connected devices.