Asia Pacific Digital Patient Monitoring Devices Market Size & Outlook
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- Digital Patient Monitoring Devices Market Outlook
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Asia Pacific digital patient monitoring devices market highlights
- The Asia Pacific digital patient monitoring devices market generated a revenue of USD 22,025.7 million in 2023.
- The market is expected to grow at a CAGR of 28.4% from 2024 to 2030.
- In terms of segment, wearable devices was the largest revenue generating type in 2023.
- MHealth is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 22,025.7 million |
| Market revenue in 2030 | USD 126,721.1 million |
| Growth rate | 28.4% (CAGR from 2023 to 2030) |
| Largest segment | Wearable devices |
| Fastest growing segment | MHealth |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wireless Sensor Technology, MHealth, Telehealth, Wearable Devices, Remote Patient Monitoring |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, AT&T, Athenahealth, Abbott Laboratories, Koninklijke Philips NV, Hill-Rom, Medtronic PLC, OMRON Corp, Fitbit, Garmin Ltd, ResMed Inc, Siren |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 15.7% of the global digital patient monitoring devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 126,721.1 million by 2030.
The Asia Pacific region is majorly driven by China and Japan. China dominated the overall digital patient monitoring devices market in terms of revenue share. This can be attributed to local presence of major market players and increasing prevalence of chronic disorders.
China is anticipated to be the fastest growing market during the forecast period in the Asia Pacific region. Singapore, Thailand, Australia, South Korea, and India are some of the emerging countries in rest of the Asia Pacific region.
The technological advancements coming up in the patient monitoring devices and increasing geriatric population coupled with growing prevalence of lifestyle diseases such as obesity, diabetes is anticipated to promote growth of the digital patient monitoring devices market.
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Digital Patient Monitoring Devices Market Scope
Digital Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GE HealthCare Technologies Inc Common Stock | View profile | 51,000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | www.gehealthcare.com |
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| ResMed Inc | View profile | 10,140 | 9001 Spectrum Center Boulevard, San Diego, CA, United States, 92123 | www.resmed.com |
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| OMRON Corp | View profile | 28,034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | www.omron.co.jp |
| Garmin Ltd | View profile | 19,900 | Muhlentalstrasse 2, Schaffhausen, Switzerland, 8200 | www.garmin.com |
| Hill-Rom | View profile | 10001+ | Chicago, Illinois, United States, North America | www.hillrom.com/ |
| Fitbit | View profile | 251-500 | San Francisco, California, United States, North America | www.fitbit.com |
| AT&T | View profile | 10001+ | Dallas, Texas, United States, North America | www.att.com |
Asia Pacific Digital Patient Monitoring Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Digital Patient Monitoring Devices Market Outlook will help companies and investors design strategic landscapes.
Wearable Devices was the largest segment with a revenue share of 31.3% in 2023.
Horizon Databook has segmented the Asia Pacific digital patient monitoring devices market based on wireless sensor technology, mhealth, telehealth, wearable devices, remote patient monitoring covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is majorly driven by China and Japan. China dominated the overall digital patient monitoring devices market in terms of revenue share. This can be attributed to local presence of major market players and increasing prevalence of chronic disorders.
China is anticipated to be the fastest growing market during the forecast period in the Asia Pacific region. Singapore, Thailand, Australia, South Korea, and India are some of the emerging countries in rest of the Asia Pacific region.
The technological advancements coming up in the patient monitoring devices and increasing geriatric population coupled with growing prevalence of lifestyle diseases such as obesity, diabetes is anticipated to promote growth of the digital patient monitoring devices market.
- Asia Pacific Digital Patient Monitoring Devices Market Type Outlook (Revenue, USD Million , 2018-2030)
- Wireless Sensor Technology
- mHealth
- Telehealth
- Wearable Devices
- Remote Patient Monitoring
- Asia Pacific Digital Patient Monitoring Devices Market Product Outlook (Revenue, USD Million , 2018-2030)
- Diagnostic Monitoring Devices
- Therapeutic Monitoring Devices
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Digital Patient Monitoring Devices Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Digital Patient Monitoring Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Digital Patient Monitoring Devices Market, 2018-2030 (US$M)
Asia Pacific Type - Digital Patient Monitoring Devices Market Statistics, 2023 - 2030 (US$M)
