Smart Medical Devices Market Prophesied to Grow at a Faster Pace by 2027 | Abbott Laboratories, Apple, Inc., Medtronic, Dexcom, Fitbit, F. Hoffmann-La Roche, Johnson & Johnson, Medtronic, NeuroMetrix, Samsung Electronics, and Sonova International

Increasing launch of wearable medical devices is expected to propel growth of Asia Pacific smart medical devices market over the forecast period. For instance, in January 2020, VivaLNK, a China-based provider of connected healthcare solutions for in-patient and remote patient monitoring, received the U.S. FDA clearance for its Continuous ECG platform comprising of reusable wearable ECG sensors and associated software development kit.

Investment in automated therapies is expected to fuel growth of Asia Pacific smart medical devices market. For instance, in January 2020, Bigfoot Biomedical, a diabetes startup focused on automated insulin delivery via connected insulin pens, initiated its Series C round with an initial tranche of US$ 45 million.

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The market is witnessing rapid adoption of cloud-based technologies. For instance, in June 2019, Companion Medical partnered with Rimidi, a cloud-based connected care software solution provider, to enable clinicians to analyze real-time insulin dosage integrated with data from connected glucometers and CGMs to remotely refine dosing decisions, all while working within the existing clinical workflow.

Increasing development of bio-based shape memory materials is expected to offer lucrative growth opportunities for players in Asia Pacific smart medical devices market. For instance, in December 2019, researchers from Qingdao University of Science and Technology, China, reported development of bio-based shape-memory thermoplastic vulcanizates using two sustainable biopolymers, poly(lactic acid) and modified natural Eucommia ulmoides gum. Moreover, rapid digitalization in the healthcare sector is also expected to aid in growth of the market. For instance, in October 2019, the survey, ‘Taking the Pulse of Digital Transformation in Healthcare – South East Asia’, conducted by InterSystems Corporation, concluded that majority of private hospitals in Asia expect to implement real-time big data analysis capabilities over the next five years. Moreover, statistically, this share is expected to increase from 13% of hospitals currently to 69% in five years.

Several startups have started offering whole-body stimulation suits that monitor vital body organs and provide real-time data. For instance, in December 2019, Xenoma, a Japan-based company, presented outdoor compatible ‘e-skin EMStyle’ whole-body Electrical Muscle Stimulation (EMS) suit at CES 2020.

Key Takeaways:

Launch of wearable medical devices is expected to augment growth of Asia Pacific smart medical devices market over the forecast period
Investment in automated therapies is also expected to fuel growth of the market
Major players operating in Asia Pacific smart medical devices market include Abbott Laboratories, Apple, Inc., Medtronic, Dexcom, Fitbit, F. Hoffmann-La Roche, Johnson & Johnson, Medtronic, NeuroMetrix, Samsung Electronics, and Sonova International

Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Smart Medical Devices for these regions, from 2014 to 2025 (forecast), including

➜ China
➜ Japan
➜ South Korea
➜ Taiwan
➜ India
➜ Southeast Asia
➜ Australia

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Asia-Pacific Smart Medical Devices market competition by top manufacturers/players, with Smart Medical Devices sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including

➜ Abbott Laboratories
➜ Apple
➜ Medtronic
➜ Dexcom
➜ Fitbit
➜ F. Hoffmann-La Roche
➜ Johnson & Johnson
➜ Medtronic
➜ NeuroMetrix
➜ Samsung Electronics
➜ Sonova International

On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarly split into

➜ Diagnostic and Monitoring Devices
➜ Therapeutic Devices
➜ Injury Prevention and Rehabilitation Devices
➜ Other

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Smart Medical Devices for each application, including

➜ Hospitals
➜ Clinics
➜ Home Care Settings
➜ Other

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