Dublin, July 19, 2024 (GLOBE NEWSWIRE) -- The "China Wearable Medical Devices Market Size, Share & Trends Analysis Report By Product (Diagnostic, Therapeutic), By Site, By Grade Type, By Application, By Distribution Channel, And Segment Forecasts, 2024 - 2030" report has been added to ResearchAndMarkets.com's offering.
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
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. 
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.
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
Companies Featured
- CONTEC Medical Systems Co. Ltd
- Huawei Corporation
- Tencent Holdings Ltd
- Cyrcadia Asia Limited
- Wuhan UN-medical Technology Co. Ltd
- Xiaomi Technologies
- Omron Corporation
- Abbott Laboratories Shanghai Co. Ltd
- Medtronic
- Apple, Inc
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 80 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.08 Billion |
| Forecasted Market Value (USD) by 2030 | $6.28 Billion |
| Compound Annual Growth Rate | 28.5% |
| Regions Covered | China |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. China Wearable Medical Devices Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.2. Market restraint analysis
3.3. China Wearable Medical Devices Market Analysis Tools
3.3.1. Industry Analysis - Porter's
3.3.2. PESTEL Analysis
Chapter 4. China Wearable Medical Devices Market: Product Estimates & Trend Analysis
4.1. Product Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. China Wearable Medical Devices Market by Product Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
4.4.1. Diagnostic Devices
4.4.2. Therapeutic Devices
Chapter 5. China Wearable Medical Devices Market: Site Estimates & Trend Analysis
5.1. Site Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. China Wearable Medical Devices Market by Site Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
5.4.1. Handheld
5.4.2. Headband
5.4.3. Clip/Strap/Bracelet
5.4.4. Shoe Sensors
Chapter 6. China Wearable Medical Devices Market: Application Estimates & Trend Analysis
6.1. Application Market Share, 2023 & 2030
6.2. Segment Dashboard
6.3. China Wearable Medical Devices Market by Application Outlook
6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
6.4.1. Sports & Fitness
6.4.2. Remote Patient Monitoring
6.4.3. Home Healthcare
Chapter 7. China Wearable Medical Devices Market: Grade Type Estimates & Trend Analysis
7.1. Grade Type Market Share, 2023 & 2030
7.2. Segment Dashboard
7.3. China Wearable Medical Devices Market by Grade Type Outlook
7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
7.4.1. Consumer-grade Wearable Medical Devices
7.4.2. Clinical Wearable Medical Devices
Chapter 8. China Wearable Medical Devices Market: Distribution Channel Estimates & Trend Analysis
8.1. Distribution Channel Market Share, 2023 & 2030
8.2. Segment Dashboard
8.3. China Wearable Medical Devices Market by Distribution Channel Outlook
8.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030
8.4.1. Pharmacy
8.4.2. Online Channels
8.4.3. Hypermarkets
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis By Key Market Participants
9.2. Company/Competition Categorization
9.3. Vendor Landscape
9.3.1. List of key distributors and channel partners
9.3.2. Key customers
9.3.3. Key company market share analysis, 2023
9.4. Company Profiles
9.4.1. Company overview
9.4.2. Financial performance
9.4.3. Product benchmarking
9.4.4. Strategic initiatives
For more information about this report visit https://www.researchandmarkets.com/r/zfw99x
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