Malaysia Wearable Medical Devices Market Size & Outlook
Malaysia wearable medical devices market, 2018-2030 (US$M)
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Malaysia wearable medical devices market highlights
- The Malaysia wearable medical devices market generated a revenue of USD 172.2 million in 2023 and is expected to reach USD 1,030.4 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 29.1% 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.
Wearable medical devices market data book summary
| Market revenue in 2023 | USD 172.2 million |
| Market revenue in 2030 | USD 1,030.4 million |
| Growth rate | 29.1% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic |
| Fastest growing segment | Therapeutic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Malaysia accounted for 0.5% of the global wearable medical devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan wearable medical devices market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 6,149.5 million by 2030.
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Wearable Medical Devices Market Scope
Wearable Medical Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Malaysia 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 61.38% in 2024. Horizon Databook has segmented the Malaysia wearable medical devices market based on diagnostic, therapeutic covering the revenue growth of each sub-segment from 2018 to 2030.
Malaysia follows a universal healthcare system. In 2009, the Malaysian government launched an initiative “1Care for 1Malaysia”. This initiative was launched with the goal of giving freedom to patients to pay for the healthcare facility as per their economic condition.
This was intended to boost the provision of equitable healthcare in Malaysia. However, even though Malaysian hospitals provide best healthcare equipment and facilities, the cost of the services offered is very high. In addition, due to the shortage of hospital staff to attend patients, the demand for home health care services is on the rise.
The government is also focusing on attracting more foreign investment, enhancing & expanding telehealth facilities in this region, which may in turn boost wearable device & home healthcare as well.
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Target buyers of Malaysia 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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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia wearable medical devices market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia wearable medical devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia wearable medical devices market
Malaysia Wearable Medical Devices Market Outlook Share, 2024 & 2030 (US$M)
Malaysia wearable medical devices market
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