Asia Pacific Wearable Medical Devices Market: Trends, Growth, and Forecast 2024-2030
The Asia Pacific wearable medical devices market size was estimated at USD 7.5 billion in 2023 and is anticipated to grow at a CAGR of 28.4% from 2024 to 2030. The factors that are primarily driving the market growth are the favorable government initiatives that support advanced medical devices adoption, the increasing geriatric population, and excessive healthcare expenditure. The market is rapidly inclining towards remote patient monitoring devices and home healthcare owing to the rapid technological advancements and the growing requirement for home care devices and round-the-clock monitoring. Hence, there is an increasing concentration on healthy lifestyle and fitness. In 2023, the Asia Pacific region accounted for approximately 22.0% revenue share of the global wearable medical devices market. Moreover, companies such as Medtronic have launched devices that incorporate accelerometers & sensors to measure skin temperature, heart & pulse rate, and...