The China wearable medical devices market size is anticipated to reach USD 6.28 billion by 2030 and is projected to grow at a CAGR of 28.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Factors such as growing awareness about personal health monitoring, gradual developments in artificial intelligence, and the rising incidence of obesity and chronic illnesses drive the market growth. Instances include continuous glucose monitors (CGM), worn on the body to track blood sugar; electrocardiogram (ECG) patches, which record cardiac information; and wearable blood pressure monitors, which gather patients' variations in blood pressure.
China Wearable Medical Devices Market Report Highlights
- Based on product, the diagnostic devices segment led the market with the largest revenue share of 62.14% in 2023. The diagnostic devices segment includes wearable electrocardiogram (ECG) monitors, blood glucose monitors, blood pressure monitors, and other health-tracking devices
- Based on application, the remote patient monitoring segment is expected to grow at the fastest CAGR over the forecast period
- Based on site, the clip/strap/bracelet segment held the market with the largest revenue share of 51.19% in 2023. They track and display real-time heart rate & track daily physical activity, steps taken, calories burned, and sleep patterns
- Based on grade type, the consumer segment held the largest majority share in 2023, due to their user-friendly features and emphasis on tracking personal fitness and health
- In September 2023, Huawei's launch event in Barcelona announced a new era of fashionable, health-focused, and athletic wearables. Huawei aims to transform the wearables market by combining state-of-the-art technology, stylish design, and user-focused health features
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The medical wearables devices market is expanding in China due to the country's aging population and rising healthcare expenditures. Favorable government initiatives and rapidly growing production facilities contribute to the industry's growth. For instance, in December 2021, the China FDA certified Huawei's Watch D as a Class II medical device. As a result, the business can provide the smartwatch with ECG and blood pressure capabilities in China.
Chinese companies have been launching new and innovative wearable medical devices catering to various health needs. For instance, in January 2022, Shenzhen-based manufacturer BBG Group launched a smart insole that can monitor foot pressure and provide real-time feedback to help prevent foot injuries and improve posture.
List of Key Players in the China Wearable Medical Devices Market
- CONTEC Medical Systems Co. Ltd.
- Huawei Corporation
- Tencent Holdings Ltd.
- Cyrcadia Asia Limited
- Wuhan UN-medical Technology Co. Ltd
- Xiaomi Technologies
- Omron Corporation
We have segmented the China wearable medical devices market report based on product, site, application, grade type, and distribution channel.
China Wearable Medical Devices Product Outlook (Revenue, USD Million, 2018 - 2030)
- Diagnostic Devices
- Therapeutic Devices
China Wearable Medical Devices Site Outlook (Revenue, USD Million, 2018 - 2030)
- Handheld
- Headband
- Strap, Clip, Bracelet
- Shoe Sensors
- Others
China Wearable Medical Devices Application Outlook (Revenue, USD Million, 2018 - 2030)
- Sports & Fitness
- Remote Patient Monitoring
- Home Healthcare
China Wearable Medical Devices Grade Type Outlook (Revenue, USD Million, 2018 - 2030)
- Consumer-grade Wearable Medical Devices
- Clinical Wearable Medical Devices
China Wearable Medical Devices Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Pharmacies
- Online Channels
- Hypermarkets
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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