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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~7% |
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Base Year Market Size (2023) |
~ USD 97 Billion |
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Forecast Year Market Size (2036) |
~ USD 212 Billion |
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Regional Scope |
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Device Type (Implanted Devices, Wearable)
The wearable segment is estimated to account for 60% share of the global human-powered medical equipment market by 2036 owing to the growing burden of chronic diseases across the globe. It is expected that smoking, inactivity, poor diet, and excessive alcohol consumption are the primary causes of the most common chronic illnesses, which are the leading causes of mortality and disability worldwide. This has led to an increase in the demand for wearable devices that use the energy produced by human movement to create electricity to help treat chronic illnesses such as peripheral neuropathy, stroke, diabetes, cardiovascular diseases, respiratory issues, and Parkinson's disease, by tracking important risk variables such as blood pressure, glucose, and other relevant indicators to provide real-time data, enhancing patient engagement, and support healthcare professionals in delivering more effective patient-centric care. It is anticipated that by 2030, the global burden of disease will rise to over 55% and the share of fatalities worldwide attributable to chronic illnesses will rise to more than 65%.
Type (Thermoelectric, Motion-Based)
Human-powered medical equipment market from the thermoelectric segment is set to garner a notable share shortly. For implantable medical devices, thermoelectric generators (TEGs) are being explored as a potential substitute power source as they are capable of converting body heat into electrical energy that can be used as a reliable source of energy and can be used to treat patients and evaluate physiological data obtained in vivo in humans. Additionally, thermoelectric generators (TEGs) are considered a great fit for wearable electronics as they have the ability to continuously convert body heat into electrical power for electronic devices.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Device Type |
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End-User |
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North American Market Forecast
Human-powered Medical Equipment market in North America is predicted to account for the largest share of 40% by 2036 propelled by the growing burden of neurological disorders. Numerous neurological disorders, such as migraines, non-migraine headaches, multiple sclerosis, Alzheimer's disease, and other dementias, are among the main causes of disability in Canada and have a significant negative impact on public health which are usually caused by increasing aging population decline. This is expected to increase the demand for wearable healthcare devices in the region which use the body's energy to power medical equipment, that can be used to monitor and diagnose neurological diseases that are severe.
For instance, more than 98 million Americans are affected by neurological illnesses each year, and by 2030, the combined expenditures of dementia and stroke are expected to exceed USD 595 billion. Besides this, around one million individuals suffer from Parkinson's disease (PD), and by 2030, this figure is anticipated to increase to over 1 million.
APAC Market Statistics
The APAC Human-powered Medical Equipment market is estimated to be the second largest, during the forecast timeframe led by the growing government healthcare initiatives. India holds the fourth position in Asia's medical device industry, and recently the country is gaining momentum towards its goal of becoming a global center for medical device manufacture. For instance, the Production Linked Incentive Scheme (PLI) and the Promotion of Medical Device Parks Scheme offer a financial incentive to increase domestic manufacture of medical devices such as implants, and other devices.
Author Credits: Radhika Gupta, Shivam Bhutani
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