Wearable Medical Devices Market Asia Pacific is expected to reach USD XX Billion by 2027 from USD XX Billion in 2019 at a CAGR of 31.2% (Detailed analysis of the market CAGR is provided in the report). The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Wearable medical devices have seen one of the fastest growths in the Asia Pacific (APAC) along with accounting for one of the largest shares in the global market for medical wearable devices. It is observed that around 89% of smart wearable products are in general wrist-worn and comprise of smartwatches that are used for monitoring heart rate, activity, ambient temperature and sleep quality among others. Rests of the products being made are for ears, eyes or clothing. Activity monitors have been one of the largest segment for Asia Pacific wearable devices market. One of the biggest reasons behind the development of wearable medical devices has been the shift from hospital to home care. Previously timely diagnosis of diseases along with the availability of continuous monitoring system was hardly available. Not only was this a problem for patients but of the doctors as well. Application of smart wearable devices in the healthcare sector has been a major breakthrough with more people investing their money to get data related to their health without paying the visit to any doctor. Activity monitors give details about patients with the help of connected devices that also stores information that can be accessed at the time of need. The basic shift of patients has been for personalized healthcare. The lab-based tests or fixed medical systems for monitoring and diagnosing patients have improvised to lightweight and point-of-care (POC) medical devices. It is then that the application of wearables for patients has taken place for a more personalized experience. Based on distribution channel segment for wearable medical devices market in the Asia Pacific, it is the pharmacies that held one of the largest market shares. People get a more real experience when it comes to purchasing smart wearable devices in pharmacies with people to question in case of doubts. This has been one of the classic examples of believing in what you touch and feel without depending on only what you see. The online channel has seen immense growth in the Asia Pacific and can be further deemed to be one of the fastest growths in the next few years as well. Price sensitivity, cost efficiency along with competitive pricing has been three important reasons that have led to the higher application of smart devices in the APAC region and has further boosted the advent of online purchases. Applications covered in this reports are sports and fitness, remote patient monitoring and home healthcare. Sports & fitness have been one of the major segments whereas home healthcare has accounted for the fastest growth. Home healthcare has formed one of the key applications for wearables further being fuelled by the development of technology that is more accurate and reliable. It helps in monitoring body conditions along with collecting data wirelessly further identifying disease symptoms as well. Based on geography, Asia Pacific wearable medical devices market has been segmented into different countries where China, Japan, and India have been two major contributors. It is to be noted that APAC has seen one of the fastest growth when it comes to technological advancement. Sensors play a major role in these medical wearable devices for which APAC holds one of the largest market shares globally. Easier access to raw materials along with manufacturing of cost-efficient smart wearable devices has been a few key drivers for the high demand of wearable medical devices in the Asia Pacific. Key Highlights: • Asia Pacific Wearable Medical Devices market size analysis and forecast • Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Asia Pacific Wearable Medical Devices market • Wearable Medical Devices market segmentation on the basis of type, device type, distribution channel, application and geography (regional) • Wearable Medical Devices market strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of a study • Wearable Medical Devices market analysis and forecast for countries in the APAC region. • Profiling of key industry players, their strategic perspective, market positioning and analysis of core competencies • Competitive landscape of the key players operating in the Wearable Medical Devices market including competitive developments, investments, and strategic expansion Years that have been considered for the study are as follows: • Base Year – 2018 • Estimated Year – 2019 • Forecast Period – 2019 to 2026 For company profiles, 2018 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered. Research Methodology: The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at a country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the market value for Asia Pacific Wearable Medical Devices Market. Some of the key players of the Asia Pacific Wearable Medical Devices market include: • Omron Corporation • Abbott Laboratories • Samsung Electronics Co. Ltd. • Sony Corporation • Xiaomi Technology Co. Ltd. • Pebble Technology Corporation • Google Inc. • Fitbit Inc. • Apple Inc. • Qualcomm Inc. Key Target Audience: • Healthcare institutions • Wearable medical device manufacturers • Distributors and suppliers of wearable medical devices • Public and private physicians • Research & clinical laboratories • Health insurance payers • Market research and consulting firms
Scope of the Wearable Medical Devices Market Report:The research report segments the Wearable Medical Devices market based on type, device type, distribution channel, application, and geography.
Wearable Medical Devices Market, By Type:• Activity Monitor • Smartwatches • Smart Clothing • Patches Wearable Medical Devices Market, By Distribution Channel: • Pharmacies • Online Channel • Hypermarkets
Wearable Medical Devices Market, By Device Type:• Diagnostic & Monitoring Devices • Vital Sign • Glucose • Sleep • Fetal Monitoring & Obstetric • Neuromonitoring • Therapeutic Devices • Pain Management • Rehabilitation • Respiratory Therapy • Insulin
Wearable Medical Devices Market, By Application:• Sports & Fitness • Remote Patient Monitoring • Home Healthcare
Wearable Medical Devices Market, By Geography:• Asia Pacific • China • India • Japan • South Korea • Australia • Others Geographic Analysis: • Breakdown of China Wearable Medical Devices market • Breakdown of India Wearable Medical Devices market • Breakdown of South Korea Wearable Medical Devices market • Breakdown of Japan Wearable Medical Devices market • Breakdown of Australia Wearable Medical Devices market • Breakdown of Others Wearable Medical Devices market Available Customizations: Maximize Market Research offers customizations of reports according to the specific requirement of our clients
Table of Contents
Wearable Medical Devices Market1. EXECUTIVE SUMMARY 2. RESEARCH METHODOLOGY 2.1. Market Definition 2.2. Market Scope 2.3. Data Sources 3. MARKET VARIABLES & SCOPE 3.1. Market Segmentation & Scope 3.2. Market Driver Analysis 3.3. Market Restraint Analysis 3.4. Penetration &Growth Prospect Mapping 3.5. Market SWOT Analysis, By Factor (political & legal, economic and technological) 3.6. Porter’s Five Forces Industry Analysis 3.7. Market Value Chain Analysis 3.8. Latest Trends and Upcoming Aspects Related To Wearable Medical Devices Technology 4. TYPE ESTIMATES & TREND ANALYSIS (2019 – 2026) 4.1. Wearable Medical Devices Market: Type Analysis 4.2. Activity Monitors 4.2.1. Activity Monitors market, 2019 – 2026 (USD billion) 4.3. Smart Watches 4.3.1. Smart Watches market, 2019 – 2026 (USD billion) 4.4. Smart Clothing 4.4.1. Smart Clothing market, 2019 – 2026 (USD billion) 4.5. Patches 4.5.1. Patches market, 2019 – 2026 (USD billion) 5. DISTRIBUTION CHANNEL ESTIMATES & TREND ANALYSIS (2019 – 2026) 5.1. Wearable Medical Devices Market: Distribution Channel Analysis 5.2. Pharmacies 5.2.1. Pharmacies market, 2019 – 2026 (USD billion) 5.3. Online Channel 5.3.1. Online Channel market, 2019 – 2026 (USD billion) 5.4. Hypermarkets 5.4.1. Hypermarkets market, 2019 – 2026 (USD billion) 6. DEVICE TYPE ESTIMATES & TREND ANALYSIS (2019 – 2026) 6.1. Wearable Medical Devices Market: Industry Analysis 6.2. Diagnostic & Monitoring 6.2.1. Diagnostic & Monitoring Devices market, 2019 – 2026 (USD billion) 6.3. Therapeutic Devices 6.3.1. Therapeutic Devices market, 2019 – 2026 (USD billion) 7. APPLICATION ESTIMATES & TREND ANALYSIS (2019 – 2026) 7.1. Wearable Medical Devices Market: Industry Analysis 7.2. Sports & Fitness 7.2.1. Sports & Fitness market, 2019 – 2026 (USD billion) 7.3. Remote Patient Monitoring 7.3.1. Remote Patient Monitoring market, 2019 – 2026 (USD billion) 7.4. Home Healthcare 7.4.1. Home Healthcare market, 2019 – 2026 (USD billion) 8. REGIONAL ESTIMATES & TREND ANALYSIS BY TYPE, DISTRIBUTION CHANNEL, DEVICE TYPE AND APPLICATION (2019 – 2026) 8.1. Wearable Medical Devices market share by country, 2019 & 2025 8.2. China 8.2.1. China Wearable Medical Devices market, 2019 – 2026 (USD billion) 8.3. India 8.3.1. India Wearable Medical Devices market, 2019 – 2026 (USD billion) 8.4. Japan 8.4.1. Japan Wearable Medical Devices market, 2019 – 2026 (USD billion) 8.5. South Korea 8.5.1. South Korea Wearable Medical Devices market, 2019 – 2026 (USD billion) 8.6. Australia 8.6.1. Australia Wearable Medical Devices market, 2019 – 2026 (USD billion) 8.7. Others 8.7.1. Others Wearable Medical Devices market, 2019 – 2026 (USD billion) 9. MARKET COMPETITION ANALYSIS 9.1. Strategy Framework 9.2. Company Profiles 9.2.1. Omron Corporation 22.214.171.124. Company Overview 126.96.36.199. Financial Performance 188.8.131.52. Product Benchmarking 184.108.40.206. Strategic Initiatives 9.2.2. Abbott Laboratories 220.127.116.11. Company Overview 18.104.22.168. Financial Performance 22.214.171.124. Product Benchmarking 126.96.36.199. Strategic Initiatives 9.2.3. Samsung Electronics Co. Ltd. 188.8.131.52. Company Overview 184.108.40.206. Financial Performance 220.127.116.11. Product Benchmarking 18.104.22.168. Strategic Initiatives 9.2.4. Sony Corporation 22.214.171.124. Company Overview 126.96.36.199. Financial Performance 188.8.131.52. Product Benchmarking 184.108.40.206. Strategic Initiatives 9.2.5. Apple 220.127.116.11. Company Overview 18.104.22.168. Financial Performance 22.214.171.124. Product Benchmarking 126.96.36.199. Strategic Initiatives 9.2.6. Xiaomi Technology Co. Ltd 188.8.131.52. Company Overview 184.108.40.206. Financial Performance 220.127.116.11. Product Benchmarking 18.104.22.168. Strategic Initiatives 9.2.7. Pebble Technology Corporation 22.214.171.124. Company Overview 126.96.36.199. Financial Performance 188.8.131.52. Product Benchmarking 184.108.40.206. Strategic Initiatives 9.2.8. Fitbit 220.127.116.11. Company Overview 18.104.22.168. Financial Performance 22.214.171.124. Product Benchmarking 126.96.36.199. Strategic Initiatives 9.2.9. Google Inc. 188.8.131.52. Company Overview 184.108.40.206. Financial Performance 220.127.116.11. Product Benchmarking 18.104.22.168. Strategic Initiatives 9.2.10. Qualcomm Inc. 22.214.171.124. Company Overview 126.96.36.199. Financial Performance 188.8.131.52. Product Benchmarking 184.108.40.206. Strategic Initiatives