Asia Pacific Wearable Medical Devices Market Size & Outlook
Asia Pacific wearable medical devices market, 2018-2030 (US$M)
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Asia Pacific wearable medical devices market highlights
- The Asia Pacific wearable medical devices market generated a revenue of USD 7,465.2 million in 2023.
- The market is expected to grow at a CAGR of 28.4% from 2024 to 2030.
- In terms of segment, diagnostic was the largest revenue generating product in 2023.
- Therapeutic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 7,465.2 million |
| Market revenue in 2030 | USD 42,846.3 million |
| Growth rate | 28.4% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic |
| Fastest growing segment | Therapeutic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic, Therapeutic |
| Key market players worldwide | Koninklijke Philips NV, Fitbit, Intel Corp, Garmin Ltd, Covidien, OMRON Corp, Polar Electro, Everist Health, UltraLinq Healthcare Solutions, Sotera Health Co Ordinary Shares |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.1% of the global wearable medical devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 42,846.3 million by 2030.
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Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific wearable medical devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wearable medical devices market will help companies and investors design strategic landscapes.
Diagnostic was the largest segment with a revenue share of 61.75% in 2023. Horizon Databook has segmented the Asia Pacific wearable medical devices market based on diagnostic, therapeutic covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to witness exponential growth over the forecast period. Major factors boosting market growth are favorable government initiatives supporting adoption of advanced medical devices, growing geriatric population, and increasing healthcare expenditure.
Indian wearable devices market is expected to be the fastest growing in the Asia Pacific region in the next 7 years followed by China. Japan was the largest market in the Asia Pacific region in 2020, majorly due to the high healthcare expenditure and introduction of new wearable medical devices in the market.
Several Asian countries have used telemedicine to slow the spread of COVID-19 pandemic. Mobile applications, such as Dr. World, Doctor Anywhere, and Halodoc, have become popular in the region by allowing people to receive medical assistance via video calls.
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Target buyers of Asia Pacific wearable medical devices market databook
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Our clientele includes a mix of wearable medical devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific wearable medical devices market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific wearable medical devices market size, by country, 2018-2030 (US$M)
Asia Pacific Wearable Medical Devices Market Outlook Share, 2023 & 2030 (US$M)
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