Asia Pacific Wearable Medical Device Market with Eminent Players Abbott, Baxter, Johnson & Johnson, Medtronic, Siemens by 2023

Wearable devices are easy to use, cordless, and can provide information about various factors such as heart rate, blood pressure, weight, sleeping habits, and others. Increasing cases of chronic conditions such as obesity, heart problems, breathing problems, and many more such diseases drive the growth of the Asia Pacific market. The Asia Pacific Wearable Medical Devices Market is expected to grow at a CAGR of ~15.94% during the forecast period 2017-2023.

Asia Pacific Wearable Medical Device Market - Key Players

Some of the major players in this market are

Abbott (U.S.)
Baxter (U.S.)
Braun Melsungen AG (Germany)
Becton Dickinson Company (U.S.)
Boston Scientific (U.S.)
Cardinal Health (U.S.)
General Electric Company (U.S.)
Johnson & Johnson (U.S.)
Medtronic (U.S.)
Koninklijke Philips N.V. (Netherland)
Siemens (U.S.)
Stryker (U.S.)

Get Sample Report @ https://www.marketresearchfuture.com/sample_request/629

Asia Pacific Wearable Medical Device Market - Segments

Asia Pacific wearable medical devices market has been segmented on the basis of types, applications, and end users.

On the basis of types, the market is segmented into diagnostic, vital sign monitoring, and therapeutic devices.

On the basis of applications, it is segmented into fitness devices, blood pressure monitoring devices, heart rate monitoring devices, weight monitoring devices, and others.

On the basis of the end users, the market is segmented as sports person, patients, and others.

Asia Pacific Wearable Medical Device Market - Overview

In recent years, the demand for wearable medical devices has increased since they provide real time data about individual’s activities such as heart count and the number of steps taken while walking. This trend is increasing because the wearable device can be easily linked to the smartphones fitness applications.

The demand for these devices is majorly attributed to the increasing awareness among health consciousness people and sports men. In Asia Pacific, large pool of population have lifestyle diseases such as diabetes and obesity, which has increased the risk of cancer. On the other hand, high cost of these devices may act as a restrain for the growth of this market.

Asia Pacific Wearable Medical Device Market - Regional Analysis

Asia Pacific region is divided into countries namely India, Japan, China, Republic of Korea, Australia, and Rest of Asia Pacific. Countries in Asia Pacific have a great potential for the growth of this market. Asia Pacific market for medical devices is driven by innovative technology for continuous monitoring of health status of a patient in hospitals as well as sportsmen and athletes. The demand for easy to use wearable medical devices is increasing in China and India. Furthermore, increasing prevalence of cardiovascular diseases, diabetes and obesity drive the market growth. Growing trend in the use of wearable medical devices such as smart watches also influences the growth of the market.

China is the largest market for these devices due to increasing awareness regarding fitness and health, technological advancement and increasing prevalence of diabetes and heart diseases. According to the World Health Organization, the number of annual cardiovascular events account to 41% of total deaths in China, while number of diabetic patients in India was about 65 million in 2016, which will reach to 101 million by 2030. According to the International Diabetes Federation, about 420 million adult population worldwide was suffering from diabetes in 2016, which is increasing at the rate of 8.4% per year and is expected to reach 625 million by 2040.

Browse Complete 80 Pages Premium Research Report Enabled with Tables and Figures @ https://www.marketresearchfuture.com/reports/asia-pacific-wearable-medical-device-market-629

According to the Lancet study, China, and India are among the top two countries with a high number of diabetic populations. The number of diabetic populations has increased from 20.4 million in China in 1980 to 102.9 million in 2014, and the rise has been equally dramatic in India from 11.9 million in 1980 to 64.5 million in India. By 2030, both of the countries together will have about half a billion-diabetic population.

India is the second largest market owing to increasing prevalence of chronic disease such as diabetes and chronic heart diseases, which is expected to be the fastest growing market over the forecast period. Additionally, increasing demand for heart rate and blood glucose monitoring devices drives the market in India.

Japan is the third largest market for wearable medical devices. Whereas the market has shown steady growth is Australia.

Major Table of Content

1. Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4. Market Dynamics

List of Tables

Table 1 Wearable Medical Device Industry Synopsis, 2017-2023

Table 2 Asia Pacific Wearable Medical Device Market Estimates and Forecast, 2017-2023, (USD Million)

Table 3 Asia Pacific Wearable Medical Device Market by Region, 2017-2023, (USD Million)

List of Figures

Figure 1 Research Process

Figure 2 Segmentation for Asia Pacific Wearable Medical Device Market

Figure 3 Segmentation Market Dynamics for Eye Care Supplements Market

Continued….

To Know More Enquire @ https://www.marketresearchfuture.com/enquiry/629

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: salesteam@marketresearchfuture.com

This release was published on openPR.