(EMAILWIRE.COM, December 27, 2017 ) The Asia Pacific Wearable Medical Devices Market continues to gain momentum with the rapid increase in adoption of these devices among patients and also the launch of technologically advanced, user friendly devices into the market. Wearable medical devices feature wireless data transmission, real time feedback, alerting mechanism and have easy and timely sensing abilities. The data generated by wearable medical devices is further analyzed and is used by customers for a better health management.

Wearable medical devices monitor several bodily conditions like glucose levels, insulin levels, heart conditions, blood pressure, ingestion, pain relief, brain activity, hydration, temperature, sleep etc. Lately, Google is working on a wrist-worn medical device which would have sensors to produce an ECG, assessing the patterns and strength of the person’s heartbeat. Moreover, it checks the skin and pulse temperature.

According to World Health Organization, the number of annual cardiovascular events account to 41% of total deaths in China while number of diabetics in India, now around 65+ million, will reach to a staggering 101 million by 2030. Erstwhile Japan expects that around 40% of its population will be at least 65 years old by 2060, creating additional demand for healthcare facilities. Enormous number of ongoing developments and innovations in the healthcare and electronics sector, rise in healthcare spending by both governments and individuals, the ease of use of medical devices combining with the aforementioned rise in incidences of chronic diseases have led to the increased adoption of the wearable devices. The market is facing challenges mainly in allocating cost effective monitoring to patients suffering from chronic disease such as Cancer and other blood diseases. lack of awareness is also another cause leading to slower adoption of technology. These factors act as growth hurdles for the wearable technology.

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The Asia-Pacific Wearable medical devices market is categorized by type into Monitoring & Diagnostic Wearable Device Market (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) and Therapeutic Wearable Device Market (Wearable Pain Management Devices, Glucose/Insulin Monitoring Devices, Wearable Respiratory Therapy Devices).

Further by Application, the market is segmented into Sports and Fitness, Home Healthcare and Patient Monitoring. The remote patient monitoring market accounted for the highest revenue in 2015 while the sports and fitness market is expected to grow at the fastest rate. On the basis of geography, the Asia-Pacific market is segmented into regions namely, China, India, Japan and South Korea. Asia Pacific wearable medical devices market is expected to have a highest growth rate within the forecast period.

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Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.

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