Asia Pacific Wearable Medical Device Market is expected to reach USD 5.48 billion by 2023 at a CAGR of 15.94% during the forecast period 2017 till 2023.
Wearable devices are easy to use, cordless, and can provide information about various factors such as heart rate, blood pressure, weight, sleeping habits, and others. Increasing cases of chronic conditions such as obesity, heart problems, breathing problems, and many more such diseases drive the growth of the Asia Pacific market. In recent years, the demand for wearable medical devices has increased since they provide real time data about individual’s activities such as heart count and the number of steps taken while walking.
This trend is increasing because the wearable device can be easily linked to the smartphones fitness applications. The demand for these devices is majorly attributed to the increasing awareness among health consciousness people and sports men. In Asia Pacific, large pool of population have lifestyle diseases such as diabetes and obesity, which has increased the risk of cancer. On the other hand, high cost of these devices may act as a restrain for the growth of this market.
Get a Sample Copy of This Report @ https://www.marketresearchfuture.com/sample_request/629 .
Some of the major players in this market are Abbott (U.S.), Baxter (U.S.), B. Braun Melsungen AG (Germany), Becton Dickinson Company (U.S.), Boston Scientific (U.S.), Cardinal Health (U.S.), General Electric Company (U.S.), Johnson & Johnson (U.S.), Medtronic (U.S.), Koninklijke Philips N.V. (Netherland), Siemens (U.S.), and Stryker (U.S.)
Asia Pacific, wearable medical device market consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia Pacific. Demand for innovative technology for continuous monitoring of health drives the market in Asia Pacific.
Japan is the largest market for wearable medical devices owing to the extensive use of these devices and presence of prominent market players.
India is the second largest market in Asia Pacific due to increase in the prevalence of chronic diseases like obesity and diabetes, demand for continuous blood glucose monitoring and heart rate monitoring system. Diabetes is one of the major health problem among the geriatric population in India. Furthermore, majority of people face the problem of obesity and other lifestyle diseases which act as risk factors for diabetes thus boosting the demand for these devices.
Get Attractive Discount on This Report @ https://www.marketresearchfuture.com/check-discount/629 .
China is mainly focusing on export of medical devices and large number of local medical device manufacture are involved in export. Australia and Republic of Korea show slow growth in wearable medical device market.
1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
3 Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
Inquire about This Report @ https://www.marketresearchfuture.com/enquiry/629 .
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
+1 646 845 9312