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Asia Pacific Wearable Medical Device Market Size, Opportunities, Analysis, Growth Factors, Latest Innovations and Forecast 2027

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Tanmay
Asia Pacific Wearable Medical Device Market Size, Opportunities, Analysis, Growth Factors, Latest Innovations and Forecast 2027

Market Synopsis:

Wearable medical devices are gaining traction owing to their aesthetic value in conjunction with health monitoring features. The economic development of the region is supporting the expansion of the market in the region by increasing purchasing power. According to Market Research Future (MRFR)’s forecast, the Asia Pacific wearable medical device market size is set to thrive at a healthy CAGR of 15.94% during the forecast period 2017 to 2023. The exponential growth of the middle-income population being observed in Asia Pacific is facilitating the expansion of the market. It is poised to signify a similar growth pattern over the next couple of years.

The attention is on the advancement of wearable medical devices that fills most extreme roles, for example, observing of pulse, pulse, dozing propensities, and so on The rising weight of sicknesses like stoutness, heart illnesses, diabetes, and so forth is being considered for acquiring advancements wearable innovation. Individuals are getting progressively mindful of the unfriendly impacts of these infections and are moving towards a better way of life. This, thusly, is projected to fuel interest for individual wellbeing observing devices and increase the Asia Pacific wearable medical device market in the years to come.

 

The continuous pattern of associating wearable devices with cell phones has changed the development example of the market. It is relied upon to acquire notoriety across the survey time frame attributable to the rising extra cash saw in the district. Notwithstanding, the significant expense of the innovation is relied upon to limit the development of the Asia Pacific wearable medical device market size over the appraisal time frame.

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Market Segmentation:

By type, the Asia Pacific wearable medical device market size has been segmented into diagnostic, vital sign monitoring, and therapeutic devices.

On the basis of application, the Asia Pacific wearable medical device market has been segmented into blood pressure monitoring devices, fitness devices, weight monitoring devices, heart rate monitoring devices, and others.

The Asia Pacific wearable medical device market size, by end-users, has been segmented into sports person, patients, and others.

Regional Analysis:

The Asia Pacific wearable medical device market, for geographical study, has been segmented into India, Japan, China, Republic of Korea, Australia, and Rest of Asia Pacific. China is the largest country-level market for wearable medical devices in the Asia Pacific. The region is also likely to witness a drastic increase in the manufacturing capacity of wearable devices. China houses a massive fraction of the consumers who are motivated by the awareness about the rising incidences of lifestyle diseases such as obesity, diabetes, etc. In addition, India is also catching up with China and signifies tremendous developmental opportunities. It is anticipated to secure the second spot in the Asia Pacific wearable medical device market through the forecast period.

Competitive Dashboard:

Many global leaders have identified the potential of the market in Asia Pacific and are capitalizing on the developmental opportunities present in the region. Some of the key players operating in the Asia Pacific wearable medical device market are Baxter (U.S.), Abbott (U.S.), B. Braun Melsungen AG (Germany), Boston Scientific (U.S.), Becton Dickinson Company (U.S.), Cardinal Health (U.S.), Johnson & Johnson (U.S.), General Electric Company (U.S.), Medtronic (U.S.), Siemens (U.S.), Koninklijke Philips N.V. (Netherland), and Stryker (U.S.).

Industry News:

In April 2019, Fitbit, Inc., an American company, has announced the launch of Versa Lite Edition, Inspire HR, Fitbit Inspire and Fitbit Ace 2 in India.

In April 2019, Garmin Ltd., an American multinational technology company, has announced the launch of the new model of its Vivosmart series activity tracker, Vivosmart 4, with "advanced" sleep monitoring features and a body battery, and pulse ox.

In August 2018, a leading name in fitness wearables, Fitbit, Inc., has launched its most advanced tracker - Charge 3 with OLED display and heart rate sensor in India.

Browse Detailed TOC with COVID-19 Impact Analysis at:

https://www.marketresearchfuture.com/reports/asia-pacific-wearable-medical-device-market-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), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: [email protected]


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