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Pulished Date February, 2020
ID: 52
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Asia-Pacific Wearable Medical Devices Market Research Report - Segmented By Type, Application and Country (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Size, Share, Growth, Trends, And Forecast | 2020 to 2025

Pulished: February, 2020
ID: 52
Pages: 140

APAC Wearable Medical Devices Market Size (2020 to 2025)

The size of the Wearable Medical Devices Market in the Asia Pacific is bound to reach USD 3298.59 million by 2025, with a healthy CAGR of 25.52% from USD 1058.68 million in 2020, showing evident potential in the forecast period.

Wearable medical devices are electronic devices like a smartwatch and Fitbit. These devices are designed for individual health, fitness, lifestyle, blood pressure, etc. The market continues to gain momentum with the rapid increase in the adoption of these devices among patients and also the launch of technologically advanced, user-friendly devices into the market. Wearable medical devices feature wireless data transmission, real-time feedback, alerting mechanisms, and have smooth and timely sensing abilities. The data generated by wearable medical devices is further analyzed and is used by customers for better health management.

Wearable medical devices monitor several bodily conditions like glucose levels, insulin levels, heart conditions, blood pressure, ingestion, pain relief, brain activity, hydration, temperature, sleep, etc. Lately, Google is working on a wrist-worn medical device which would have sensors to produce an ECG, assessing the patterns and strength of the person’s heartbeat. Moreover, it checks the skin and pulse temperature.

According to the World Health Organization, the number of annual cardiovascular events account for 41% of total deaths in China. In contrast, the number of diabetics in India, now around 65+ million, will reach a staggering 101 million by 2030. Erstwhile, Japan expects that approximately 40% of its population will be at least 65 years old by 2060, creating additional demand for healthcare facilities. The enormous number of ongoing developments and innovations in the healthcare and electronics sector, rise in healthcare spending by both governments and individuals, the ease of use of medical devices combining with the increase as mentioned above in incidences of chronic diseases has led to the increased adoption of the wearable devices. The market is facing challenges, mainly in allocating cost-effective monitoring to patients suffering from chronic diseases such as cancer and other blood diseases.

Lack of awareness is also another cause leading to slower adoption of technology. These factors act as growth hurdles for wearable technology. 

Asia-Pacific Wearable Medical Devices Market segmented and sub-segmented into the following categories:

  • By Type: Monitoring and Diagnostic Wearable Device and Therapeutic Wearable Device Market
  • By Application: Sports and Fitness, Home Healthcare, and Patient Monitoring.
  • By Country: India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

Regional Analysis

Our report is saying, India, China, and Japan are significant countries contributing the highest shares for the Asia Pacific wearable medical devices market. China and India have a large population pool, which is a significant factor for market growth. Changes in lifestyle and food habits are also leveling the demand for this market. Asia Pacific region is well known for Sports & fitness, in this vertical biotechnology & bioinformatics companies are taking part to launch the wearable devices for sports players and athletes. Wearable medical devices will open new opportunities to bioinformatics researchers to develop new features & products in the market. 

China's wearable medical devices market is witnessed in holding the highest shares of the market in the Asia Pacific region. China & India have a large number of obesity, diabetic patients, according to WHO. Wearable medical devices help to monitor their glucose level to maintain their health issues.  

In 2019, the Indian wearable medical devices market accounted for over 13% of the Asian market. An Indian Institute of Technology (IIT) Madras has started developing a wearable medical device. The device will diagnose body temperature, heart rate, and SpO2 sensing. That will also help to diagnose COVID-19. Tracker connected via Muse Health App through Bluetooth.  

Japan's wearable medical devices market is positioned third in holding the most significant shares of the market. Japan's healthcare system provides high-quality wearable medical devices at a lower cost. The government of Japan allocated funding to develop innovative products.  Japan-based company Vuzix Corporation has innovated Vuzix® M400 smart glasses to facilitate patient care. Wearable smart glasses are beneficial for the patients in ICU to get a virtual check-up. Also, these devices are playing an essential role during the pandemic situation by reducing exposure and providing personal protection.  

Key market participants dominating the APAC Wearable Medical Devices Market profiled in this report are Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories, and Nuubo.

1.Introduction                        

                1.1 Market Definition            

                1.2 Study Deliverables           

                1.3 Base Currency, Base Year and Forecast Periods             

                1.4 General Study Assumptions            

2. Research Methodology                      

                2.1 Introduction     

                2.2 Analysis Design

                2.3 Research Phases              

                                2.3.1 Secondary Research

                                2.3.2 Primary Research

                                2.3.3 Econometric Modelling

                                2.3.4 Expert Validation

                2.4 Study Timeline 

3. Overview                            

                3.1 Executive Summary         

                3.2 Key Inferences 

                3.3 New Developments         

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)               

                4.1 Market Drivers 

                4.2 Market Restraints            

                4.3 Key Challenges 

                4.4 Current Opportunities in the Market              

5. Market Segmentation                       

                5.1 By Diagnostic Wearble Devices       

                                5.1.1 Wearable Electro Cardiographs

                                5.1.2 Wearable Sleep  Monitering devices

                                5.1.3 Heart Rate Monitors

                                5.1.4 Blood Pressure Monitors

                                5.1.5 Activity Monitors

                                5.1.6 Electro Encephalographs

                5.2 By Therapeutic Wearable Devices   

                                5.2.1 Pain Management Devices

                                5.2.2 Glucose/Insulin Monitoring Devices

                                5.2.3 Respiratory Therapy Devices

                5.3 By Application  

                                5.3.1 Sports and Fitness

                                5.3.2 Home Healthcare

                                5.3.3 Patient Monitoring

6. Geographical Analysis                       

                6.1 Introduction     

                6.2 China

                6.3 India 

                6.4 Japan

                6.5 South Korea     

7.Strategic Analysis               

                7.1 PESTLE analysis

                                7.1.1 Political

                                7.1.2 Economic

                                7.1.3 Social

                                7.1.4 Technological

                                7.1.5 Legal

                                7.1.6 Environmental

                7.2 Porter’s Five analysis       

                                7.2.1 Bargaining Power of Suppliers

                                7.2.2 Bargaining Power of Consumers

                                7.2.3 Threat of New Entrants

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry

8.Market Leaders' Analysis                   

                8.1 Fitbit

                                8.1.1 Overview

                                8.1.2 Product Analysis

                                8.1.3 Strategic Evaluation and Operations

                                8.1.4 Financial analysis

                                8.1.5 Legal issues

                                8.1.6 Recent Developments

                                8.1.7 SWOT analysis

                                8.1.8 Analyst View

                8.2 Garmin             

                8.3 Jawbone           

                8.4 Polar Electro    

                8.5 Vital connect    

                8.6 Withings SAS   

                8.7 Zephyr Corporation          

                8.8 Basis Science   

                8.9 Omron Corporation          

                8.10 Drager            

                8.11 Lifewatch AG  

                8.12 Sotera Wireless             

                8.13 Abbott Laboratories      

                8.14 Nuubo            

9.Competitive Landscape                      

                9.1 Market share analysis     

                9.2 Merger and Acquisition Analysis     

                9.3 Agreements, collaborations and Joint Ventures             

                9.4 New Product Launches    

10.Expert Opinions                

                10.1 Market Outlook              

                10.2 Investment Opportunities             

Appendix                

                a) List of Tables      

                b) List of Figures    

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia-Pacific Wearable Medical Devices Market, By Region, From 2020 to 2025 (USD Million)
  2. Asia-Pacific Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2020 to 2025 (USD Million)
  3. Asia-Pacific Wearable Electro Cardiographs Market, By Region, From 2020 to 2025 (USD Million)
  4. Asia-Pacific Wearable Sleep Monitoring Devices Market, By Region, From 2020 to 2025 (USD Million)
  5. Asia-Pacific Heart Rate Monitors Market, By Region, From 2020 to 2025 (USD Million)
  6. Asia-Pacific Blood Pressure Monitors Market, By Region, From 2020 to 2025 (USD Million)
  7. Asia-Pacific Activity Monitors Market, By Region, From 2020 to 2025 (USD Million)
  8. Asia-Pacific Electro Encephalographs Market, By Region, From 2020 to 2025 (USD Million)
  9. Asia-Pacific Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2020 to 2025 (USD Million)
  10. Asia-Pacific Pain Management Devices Market, By Region, From 2020 to 2025 (USD Million)
  11. Asia-Pacific Glucose/Insulin Monitoring Devices Market, By Region, From 2020 to 2025 (USD Million)
  12. Asia-Pacific Respiratory Therapy Devices Market, By Region, From 2020 to 2025 (USD Million)
  13. Asia-Pacific Wearable Medical Devices Market, By Application, From 2020 to 2025 (USD Million)
  14. Asia-Pacific Sports and Fitness Market, By Region, From 2020 to 2025 (USD Million)
  15. Asia-Pacific Home Healthcare Market, By Region, From 2020 to 2025 (USD Million)
  16. Asia-Pacific Patient Monitoring Market, By Region, From 2020 to 2025 (USD Million)
  17. China Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2020 to 2025 (USD Million)
  18. China Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2020 to 2025 (USD Million)
  19. China Wearable Medical Devices Market, By Application, From 2020 to 2025 (USD Million)
  20. India Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2020 to 2025 (USD Million)
  21. India Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2020 to 2025 (USD Million)
  22. India Wearable Medical Devices Market, By Application, From 2020 to 2025 (USD Million)
  23. Japan Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2020 to 2025 (USD Million)
  24. Japan Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2020 to 2025 (USD Million)
  25. Japan Wearable Medical Devices Market, By Application, From 2020 to 2025 (USD Million)
  26. South Korea Wearable Medical Devices Market, By Diagnostic Wearable Devices, From 2020 to 2025 (USD Million)
  27. South Korea Wearable Medical Devices Market, By Therapeutic Wearable Devices, From 2020 to 2025 (USD Million)
  28. South Korea Wearable Medical Devices Market, By Application, From 2020 to 2025 (USD Million)

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