The Asia-Pacific medical wearable electronics market was worth more than $1.2billion in revenue in 2016 and is expected to cross $3.01 billion in 2021, growing at a healthy CAGR of 26.19% from 2016 to 2021.
Wearable medical device are defined as the devices with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs.
The growth of the Asia-Pacific wearable device is driven by several factors, the most important of which is the technological innovations. Technological innovations and advancements have led to the introduction of new products . The other factors promoting the growth of the market are increasing incidences of chronic diseases, and diabetes patients, ease of use and interpretation of medical devices. Factors constraining the growth of the market include reimbursement issues, high cost of the medical devices.
The report segments the market as Asia-Pacific diagnostic wearable device market, Asia-Pacific therapeutic wearable device market. Both the above segments are further divided based on applications, and geography. The product type segment has been further categorized into various types of diagnostic and surgical devices along with vision care products
Based on geography market is segmented into India, China, Japan, Australia.
The major companies discussed in this report with their profile and relevant information from market perspective are Basis Science, corventis Inc., Draeger, Everist Genomics Inc., Fitbit Inc, Intelesens Ltd.,Lifewatch AG, Nuubo. Omron Corporation, Philips Electronics, Polar Electro, Sotera wireless, Zephyr Technology Corporation. Withings.
What makes our report unique??
1) An extensive research study on the wearable electronics market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the wearable electronics.
2) We provide the longest segmentation of the market based on products, technology, components, form factor, products application, industry verticals, and geography.