Asia Pacific Connected Healthcare Device Market

Asia Pacific Connected Healthcare Device Market 2023-2033 by Product (Medical Devices, Wellness Devices, Software & Services), Device Type (Wearable, Implantable, Stationary), Application (Remote Monitoring, Consultation and Diagnosis, Treatment, Fitness and Wellness), End User (Hospitals, Clinics, ASCs, Home Care), and Country: Trend Forecast and Growth Opportunity

Asia Pacific Connected Healthcare Device Market

Asia Pacific Connected Healthcare Device Market 2023-2033 by Product (Medical Devices, Wellness Devices, Software & Services), Device Type (Wearable, Implantable, Stationary), Application (Remote Monitoring, Consultation and Diagnosis, Treatment, Fitness and Wellness), End User (Hospitals, Clinics, ASCs, Home Care), and Country: Trend Forecast and Growth Opportunity

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Asia Pacific connected healthcare device market will grow by 21.1% annually with a total addressable market cap of $495.3 billion over 2024-2033. The growth is driven by the emergence of telehealth and telemedicine services, benefits such as reliability and effective patient monitoring, the penetration of mobile and internet technology, government initiatives, growing spending on R&D activities, and an increasing adoption of IT and IoT in healthcare.

Highlighted with 33 tables and 61 figures, this 133-page report “Asia Pacific Connected Healthcare Device Market 2023-2033 by Product (Medical Devices, Wellness Devices, Software & Services), Device Type (Wearable, Implantable, Stationary), Application (Remote Monitoring, Consultation and Diagnosis, Treatment, Fitness and Wellness), End User (Hospitals, Clinics, ASCs, Home Care), and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire Asia Pacific connected healthcare device market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure

• Growth Drivers

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific connected healthcare device market in every aspect of the classification from perspectives of Product, Device Type, Application, End User, and Country.

Based on Product, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

• Medical Devices

o Blood Pressure Monitor

o Glucose Monitor

o Insulin Pump

o ECG Monitoring Device

o Pulse Oximeter

o Portable GPS PERS

o Smart Pill Dispenser

o Other Medical Devices

• Wellness Devices

o Body Analyzer

o Digital Pedometer

o GPS Sports Watch

o Heart Rate Monitor

o Sleep Quality Monitor

o Other Wellness Devices

• Software & Services

o Fitness & Wellness App

o Online Subscription

o Other Software & Services

Based on Device Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

• Wearable Devices

• Implantable Devices

• Stationary Devices

By Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

• Remote Monitoring

• Consultation and Diagnosis Services

• Treatment Services

• Fitness and Wellness Services

By End User, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2033 included in each section.

• Hospitals

• Specialty Clinics

• Ambulatory Surgical Centers (ASCs)

• Home Care Settings

• Other End Users

Geographically, the following national/local markets are fully investigated:

• Japan

• China

• South Korea

• Australia

• India

• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2033. The breakdown of national markets by Product, Device Type, and End User and Application over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Abbott Laboratories

Aerotel Medical System Ltd.

AgaMatrix, Inc.

Apple Inc.

BioTelemetry Inc.

Biotronik SE & Co. KG

Boston Scientific Corporation

DexCom Inc.

Draeger Medical Systems, Inc.

F. Hoffmann-La Roche AG

Fitbit, Inc.

Garmin Ltd.

GE Healthcare

Honeywell International Inc.

IHealth Labs (Subsidiary of Andon Health)

Johnson & Johnson

Koninklijke Philips NV

McKesson Corporation

Medtronic PLC

NXP Semiconductors NV

Omron Healthcare Inc.

Phillips Healthcare Company

Siemens Healthcare Private Limited

Stanley Healthcare

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

1 Introduction 8

1.1 Industry Definition and Research Scope 8

1.1.1 Industry Definition 8

1.1.2 Research Scope 9

1.2 Research Methodology 12

1.2.1 Overview of Market Research Methodology 12

1.2.2 Market Assumption 13

1.2.3 Secondary Data 13

1.2.4 Primary Data 13

1.2.5 Data Filtration and Model Design 14

1.2.6 Market Size/Share Estimation 15

1.2.7 Research Limitations 16

1.3 Executive Summary 17

2 Market Overview and Dynamics 20

2.1 Market Size and Forecast 20

2.1.1 Impact of COVID-19 on World Economy 21

2.1.2 Impact of COVID-19 on the Market 26

2.1.3 Impact of Russia-Ukraine Conflict 28

2.1.4 Impact of Israel-Palestine War 30

2.2 Major Growth Drivers 31

2.3 Market Restraints and Challenges 35

2.4 Emerging Opportunities and Market Trends 38

2.5 Porter’s Fiver Forces Analysis 42

3 Segmentation of Asia Pacific Market by Product 46

3.1 Market Overview by Product 46

3.2 Medical Devices 48

3.2.1 Blood Pressure Monitor 50

3.2.2 Glucose Monitor 51

3.2.3 Insulin Pump 52

3.2.4 ECG Monitoring Device 53

3.2.5 Pulse Oximeter 54

3.2.6 Portable GPS PERS 55

3.2.7 Smart Pill Dispenser 56

3.2.8 Other Medical Devices 57

3.3 Wellness Devices 58

3.3.1 Body Analyzer 60

3.3.2 Digital Pedometer 61

3.3.3 GPS Sports Watch 62

3.3.4 Heart Rate Monitor 63

3.3.5 Sleep Quality Monitor 64

3.3.6 Other Wellness Devices 65

3.4 Software & Services 66

3.4.1 Fitness & Wellness App 67

3.4.2 Online Subscription 68

3.4.3 Other Software & Services 69

4 Segmentation of Asia Pacific Market by Device Type 70

4.1 Market Overview by Device Type 70

4.2 Wearable Devices 72

4.3 Implantable Devices 73

4.4 Stationary Devices 74

5 Segmentation of Asia Pacific Market by Application 75

5.1 Market Overview by Application 75

5.2 Remote Monitoring 77

5.3 Consultation and Diagnosis Services 78

5.4 Treatment Services 79

5.5 Fitness and Wellness Services 80

6 Segmentation of Asia Pacific Market by End User 81

6.1 Market Overview by End User 81

6.2 Hospitals 83

6.3 Specialty Clinics 84

6.4 Ambulatory Surgical Centers (ASCs) 85

6.5 Home Care Settings 86

6.6 Other End Users 87

7 Asia-Pacific Market 2023-2033 by Country 88

7.1 Overview of Asia-Pacific Market 88

7.2 Japan 91

7.3 China 94

7.4 Australia 96

7.5 India 98

7.6 South Korea 100

7.7 Rest of APAC Region 102

8 Competitive Landscape 104

8.1 Overview of Key Vendors 104

8.2 New Product Launch, Partnership, Investment, and M&A 107

8.3 Company Profiles 108

Abbott Laboratories 108

Aerotel Medical System Ltd. 110

AgaMatrix, Inc. 111

Apple Inc. 112

BioTelemetry Inc. 113

Biotronik SE & Co. KG 114

Boston Scientific Corporation 115

DexCom Inc. 116

Draeger Medical Systems, Inc. 117

F. Hoffmann-La Roche AG 118

Fitbit, Inc. 119

Garmin Ltd. 120

GE Healthcare 121

Honeywell International Inc. 122

IHealth Labs (Subsidiary of Andon Health) 123

Johnson & Johnson 124

Koninklijke Philips NV 125

McKesson Corporation 126

Medtronic PLC 127

NXP Semiconductors NV 128

Omron Healthcare Inc. 129

Phillips Healthcare Company 130

Siemens Healthcare Private Limited 131

Stanley Healthcare 132

RELATED REPORTS 133

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Asia Pacific Connected Healthcare Device Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the Asia Pacific Connected Healthcare Device Market shifting its focus from growth to value?
Recognize the areas along the Asia Pacific Connected Healthcare Device Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
What years are taken into account in the Asia Pacific Connected Healthcare Device Market study?
The Asia Pacific Connected Healthcare Device Market study evaluates the year spans as follows: Historical year: 2019 to 2024; Base year: 2024; Forecast period**: 2025 to 2030 [** unless otherwise stated]
What is Asia Pacific Connected Healthcare Device Market Concentration Rate?
In addition to the Asia Pacific Connected Healthcare Device Market share analysis by competitors, the report also includes chapters on the HHI Index, CR4, and CR8 to characterize the concentration rate and competitive character of the Asia Pacific Connected Healthcare Device Market.
What is the estimated global market value of the Asia Pacific Connected Healthcare Device Market?
The Asia Pacific Connected Healthcare Device Market is expected to reach a considerable market valuation.