Asia-Pacific Wearable Medical Devices Market - Segmented By Product Type, Application, And Region - Global Growth, Trends, And Forecast -2023

Asia-Pacific Wearable Medical Devices Market - Segmented By Product Type, Application, And Region - Global Growth, Trends, And Forecast -2023

ID: 69 | Pages: 140 | April 2018 | Region: Asia Pacific


The Asia-Pacific Wearable Medical Devices Market is bound to reach USD 3298.59 million by 2023 with a healthy CAGR of 25.52% from USD 1058.68 million in 2018 showing evident potential in the forecast period. The market continues to gain momentum with the rapid increase in 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 mechanism and have easy and timely sensing abilities. The data generated by wearable medical devices is further analysed and is used by customers for a 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 World Health Organization, the number of annual cardiovascular events account to 41% of total deaths in China while number of diabetics in India, now around 65+ million, will reach to a staggering 101 million by 2030. Erstwhile Japan expects that around 40% of its population will be at least 65 years old by 2060, creating additional demand for healthcare facilities. 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 aforementioned rise in incidences of chronic diseases have 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 disease 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 the wearable technology. 

The Asia-Pacific Wearable medical devices market is categorized by type into Monitoring & Diagnostic Wearable Device Market (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) and Therapeutic Wearable Device Market (Wearable Pain Management Devices, Glucose/Insulin Monitoring Devices, Wearable Respiratory Therapy Devices). Further by Application, the market is segmented into Sports and Fitness, Home Healthcare and Patient Monitoring. The remote patient monitoring market accounted for the highest revenue in 2015 while the sports and fitness market is expected to grow at the fastest rate. On the basis of geography, the Asia-Pacific market is segmented into regions namely, China, India, Japan and South Korea. Asia Pacific wearable medical devices market is expected to have a highest growth rate within the forecast period.

Some of the major companies dominating the market, by their products and services include 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
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  1. Asia-Pacific Wearable Medical Devices Market by Region, From 2018-2023 (USD Million)
  2. Asia-Pacific Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  3. Asia-Pacific Wearable Electro Cardiographs Market by Region, From 2018-2023 (USD Million)
  4. Asia-Pacific Wearable Sleep Monitoring Devices Market by Region, From 2018-2023 (USD Million)
  5. Asia-Pacific Heart Rate Monitors Market by Region, From 2018-2023 (USD Million)
  6. Asia-Pacific Blood Pressure Monitors Market by Region, From 2018-2023 (USD Million)
  7. Asia-Pacific Activity Monitors Market by Region, From 2018-2023 (USD Million)
  8. Asia-Pacific Electro Encephalographs Market by Region, From 2018-2023 (USD Million)
  9. Asia-Pacific Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  10. Asia-Pacific Pain Management Devices Market by Region, From 2018-2023 (USD Million)
  11. Asia-Pacific Glucose/Insulin Monitoring Devices Market by Region, From 2018-2023 (USD Million)
  12. Asia-Pacific Respiratory Therapy Devices Market by Region, From 2018-2023 (USD Million)
  13. Asia-Pacific Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  14. Asia-Pacific Sports and Fitness Market by Region, From 2018-2023 (USD Million)
  15. Asia-Pacific Home Healthcare Market by Region, From 2018-2023 (USD Million)
  16. Asia-Pacific Patient Monitoring Market by Region, From 2018-2023 (USD Million)
  17. China Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  18. China Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  19. China Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  20. India Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  21. India Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  22. India Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  23. Japan Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  24. Japan Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  25. Japan Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
  26. South Korea Wearable Medical Devices Market by Diagnostic Wearable Devices, From 2018-2023 (USD Million)
  27. South Korea Wearable Medical Devices Market by Therapeutic Wearable Devices, From 2018-2023 (USD Million)
  28. South Korea Wearable Medical Devices Market by Application, From 2018-2023 (USD Million)
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