China Wearable Medical Devices Market By Product Type (Activity Monitors/Trackers, Smartwatches, Patches, Smart Clothing), By Type (Diagnostic Devices v/s Therapeutic Devices), By Purpose (Heart rate, Blood Pressure, Hearing Aids, Body Temperature, Posture, Others), By Site (Strap/Clip/Bracelet, Handheld, Headband, Shoe Sensors, Others), By Application (General Health & Fitness, Remote Patient Monitoring, Home Healthcare), By Distribution Channel (Non-Store-Based v/s Store-Based), By Business Segment (B2C Vs B2B), By Region, Forecast & Opportunities, 2028

Industry : Healthcare
Pages : NA
Published Date : NA

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Summary

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Report Description

China wearable medical devices market is anticipated to observe an impressive growth during the forecast period, 2024-2028. The growing incidence and prevalence of lifestyle-associated disorders, such as diabetes and hypertension, coupled with increasing awareness about personal health monitoring in the region are propelling the growth of the China wearable medical devices market. According to the World Health Organization (WHO), In China, approximately, 270 million people are suffering from hypertension. Out of which, only 13.8% of the patients have their condition under control and not everyone can have access to its treatment. The growing investments, funding, and grants, as well as a rising adoption of advanced technologies are projected to facilitate the growth of the wearable medical devices market in the upcoming years. Besides, increasing interest among sports and fitness enthusiasts in monitoring their health is expected to support the growth of the market.

Rising Awareness Among Masses

The rapid increase in health awareness among people because of the various campaigns and awareness initiatives run by the Chinese government are surging the demand for the wearable medical devices, which, in turn, is expected to bolster the growth of the market. For instance, in 2021, China’s 14th Five-Year Plan (14th FYP), which is the next five years of China’s journey aims to build a “Healthy China,” which intends to improve overall social conditions, including healthcare. Additionally, more and more people are becoming aware of the use of medical gadgets such as smartwatches, fitness trackers, among others to monitor several physiological parameters.

Growing Prevalence of Lifestyle-Associated Disorders

The rising incidences and prevalence of lifestyle-associated disorders such as diabetes, hypertension, among others, due to sedentary routine are anticipated to propel the growth of the market. These diseases often require continuous tracking and monitoring of physiological parameters. This integration of healthcare data with medical devices helps to record or track everything. In China, approximately 1.08 billion people aged from 20 to 79 years had diabetes in 2021, by far the highest number. The country had around 336 million children and adolescents till age 19 years who are suffering from type one diabetes.

Technological Advancements

Technological developments in wearable medical devices are likely to strengthen the growth of the market. The growing adoption of cutting-edge innovations such as Artificial Intelligence, fifth-generation wireless networks, among others are likely to propel the market’s growth. Also, the recent medical reforms and investments in Artificial Intelligence, analytics, and the IoT have had excellent results in China. Artificial intelligence can be used in 5G to predict a patient's potential diagnosis and treatments. They can help medical systems in predicting which patients are going to experience postoperative difficulties, enabling for early intervention. For instance, in 2021, Apple announced the collaboration with Biogen, a biotech company for new research projected, that is to see how successful mHealth wearable devices are at determining early symptoms of cognitive impairment. Also, it will help healthcare providers to design more effective care management and remote monitoring programs.

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Market Segmentation

China wearable medical devices market is segmented based on product type, type, purpose, site, application, price range, distribution channel, business segment, and region. Based on product type, the market is categorized into activity monitors/trackers, smartwatches, patches, and smart clothing. Based on type, the market is fragmented into diagnostic devices and therapeutic devices. Based on purpose, the market is fragmented into heart rate, blood pressure, hearing aids, body temperature, posture, and others. Based on site, the market is divided into strap/clip/bracelet, handheld, headband, shoe sensors, and others. Based on application, the market is fragmented into general health & fitness, remote patient monitoring, and home healthcare. Based on distribution channel, the market is segmented into non-store-based and store-based. Based on business segment, the market is bifurcated into B2C and B2B. In terms of region, the market is segmented into the South-Central China, South-West China, East China, North-East China, North-West China, and North China.

Market Players

CONTEC Medical Systems Co. Ltd, Cyrcadia Asia Limited, Xiaomi Technologies, Huawei Corporation, Wuhan UN-medical Technology Co., Ltd, Tencent Holdings Ltd., Omron Corporation, Abbott Laboratories Shanghai Co. Ltd, Medtronic, and Apple, Inc. are some of the leading companies operating in the market.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Product Type · Type · Purpose · Site · Application · Distribution Channel · Business Segment · Region
Regional scope	South-Central China, South-West China, East China, North-East China, North-West China, and North China.
Key companies profiled	CONTEC Medical Systems Co. Ltd, Cyrcadia Asia Limited, Xiaomi Technologies, Huawei Corporation, Wuhan UN-medical Technology Co., Ltd, Tencent Holdings Ltd., Omron Corporation, Abbott Laboratories Shanghai Co. Ltd, Medtronic, and Apple, Inc.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, China wearable medical devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

China Wearable Medical Devices Market, By Product Type:

Activity Monitors/Trackers
Smartwatches
Patches
Smart Clothing

· China Wearable Medical Devices Market, By Type:

o Diagnostic Devices

o Therapeutic Devices

China Wearable Medical Devices Market, By Purpose:

Heart Rate
Blood Pressure
Hearing Aids
Body Temperature
Posture
Others

China Wearable Medical Devices Market, By Site:

Strap/Clip/Bracelet
Handheld
Headband
Shoe Sensors
Others

China Wearable Medical Devices Market, By Application:

General Health & Fitness
Remote Patient Monitoring
Home Healthcare

China Wearable Medical Devices Market, By Distribution Channel:

Non-Store-Based
Store-Based

China Wearable Medical Devices Market, By Business Segment:

China Wearable Medical Devices Market, By Region:

South-Central China
East China
North-West China
South-West China
North-East China
North China

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present China wearable medical devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

China wearable medical devices market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. China Wearable Medical Devices Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Activity Monitors/Trackers, Smartwatches, Patches, Smart Clothing)

5.2.2. By Type (Diagnostic Devices v/s Therapeutic Devices)

5.2.3. By Purpose (Heart rate, Blood Pressure, Hearing Aids, Body Temperature, Posture, Others)

5.2.4. By Site (Strap/Clip/Bracelet, Handheld, Headband, Shoe Sensors, Others)

5.2.5. By Application (General Health & Fitness, Remote Patient Monitoring, Home Healthcare)

5.2.6. By Distribution Channel (Store-Based v/s Non-Store-Based)

5.2.7. By Business Segment (B2B Vs B2C)

5.2.8. By Company (2022)

5.2.9. By Region

5.3. Market Map

5.3.1. By Product Type

5.3.2. By Type

5.3.3. By Purpose

5.3.4. By Site

5.3.5. By Application

5.3.6. By Distribution Channel

5.3.7. By Business Segment

5.4. Australia: Regional Analysis

5.4.1. South-Central China Wearable Medical Devices Market Outlook

5.4.1.1. Market Size & Forecast

5.4.1.1.1. By Value

5.4.1.2. Market Share & Forecast

5.4.1.2.1. By Product Type

5.4.1.2.2. By Type

5.4.1.2.3. By Purpose

5.4.1.2.4. By Site

5.4.1.2.5. By Application

5.4.1.2.6. By Distribution Channel

5.4.1.2.7. By Business Segment

5.4.2. South-West China Wearable Medical Devices Market Outlook

5.4.2.1. Market Size & Forecast

5.4.2.1.1. By Value

5.4.2.2. Market Share & Forecast

5.4.2.2.1. By Product Type

5.4.2.2.2. By Type

5.4.2.2.3. By Purpose

5.4.2.2.4. By Site

5.4.2.2.5. By Application

5.4.2.2.6. By Distribution Channel

5.4.2.2.7. By Business Segment

5.4.3. East China Wearable Medical Devices Market Outlook

5.4.3.1. Market Size & Forecast

5.4.3.1.1. By Value

5.4.3.2. Market Share & Forecast

5.4.3.2.1. By Product Type

5.4.3.2.2. By Type

5.4.3.2.3. By Purpose

5.4.3.2.4. By Site

5.4.3.2.5. By Application

5.4.3.2.6. By Distribution Channel

5.4.3.2.7. By Business Segment

5.4.4. North-East China Wearable Medical Devices Market Outlook

5.4.4.1. Market Size & Forecast

5.4.4.1.1. By Value

5.4.4.2. Market Share & Forecast

5.4.4.2.1. By Product Type

5.4.4.2.2. By Type

5.4.4.2.3. By Purpose

5.4.4.2.4. By Site

5.4.4.2.5. By Application

5.4.4.2.6. By Distribution Channel

5.4.4.2.7. By Business Segment

5.4.5. North-West China Wearable Medical Devices Market Outlook

5.4.5.1. Market Size & Forecast

5.4.5.1.1. By Value

5.4.5.2. Market Share & Forecast

5.4.5.2.1. By Product Type

5.4.5.2.2. By Type

5.4.5.2.3. By Purpose

5.4.5.2.4. By Site

5.4.5.2.5. By Application

5.4.5.2.6. By Distribution Channel

5.4.5.2.7. By Business Segment

5.4.6. North China Wearable Medical Devices Market Outlook

5.4.6.1. Market Size & Forecast

5.4.6.1.1. By Value

5.4.6.2. Market Share & Forecast

5.4.6.2.1. By Product Type

5.4.6.2.2. By Type

5.4.6.2.3. By Purpose

5.4.6.2.4. By Site

5.4.6.2.5. By Application

5.4.6.2.6. By Distribution Channel

5.4.6.2.7. By Business Segment

6. Market Dynamics

6.1. Drivers

6.2. Challenges

7. Market Trends & Developments

8. Competitive Landscape

8.1. CONTEC Medical Systems Co. Ltd

8.2. Cyrcadia Asia Limited

8.3. Xiaomi Technologies

8.4. Huawei Corporation

8.5. Wuhan UN-medical Technology Co., Ltd

8.6. Tencent Holdings Ltd.

8.7. Omron Corporation

8.8. Abbott Laboratories Shanghai Co. Ltd

8.9. Medtronic

8.10. Apple, Inc.

9. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the China wearable medical devices market?

Growing technological advancements and rising awareness among people regarding the use of wearable medical devices in the country are driving the demand for the China wearable medical devices market.

Who are the top players operating in the China wearable medical devices market?

CONTEC Medical Systems Co. Ltd, Cyrcadia Asia Limited, Xiaomi Technologies, Huawei Corporation, Wuhan UN-medical Technology Co., Ltd, Tencent Holdings Ltd., Omron Corporation, Abbott Laboratories Shanghai Co. Ltd, Medtronic, and Apple, Inc. are the key players operating in the China wearable medical devices market.

What are the key factors hampering growth for the China wearable medical devices market?

The alarming rise in cybercrime, as well as theft of patient data are likely to slow down the growth of China wearable medical devices market.

What are the key segments in the China wearable medical devices market?

China wearable medical devices market is segmented based on product type, type, purpose, site, application, price range, distribution channel, business segment, company, and region.

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Press Release

China Wearable Medical Devices Market to Grow at an Impressive Rate until 2025

Jun, 2020

Growing healthcare costs is expected to drive the growth of China wearable medical devices market