The Asia Pacific Accelerometer Medical Sensors Market should witness market growth of 14.2% CAGR during the forecast period (2022-2028).
The demand for medical sensors isexpanding quickly inpatient monitoring, where accelerometer medicalsensors are frequently employed. In-home patient monitoring is becoming more popular in both urban and rural areas of developing nations. Corporations are now able to use medical device sensors primarily for patient monitoring due to the increasing demand.
While patients and doctors may communicate with one another all the time owing to technology, remote patient monitoring enables hospitals and doctors to keep an eye on patients away from the typical clinic environment. Patient monitors enable hundreds of thousands of high-risk patients per year to avoid being hospitalized again and make the best of their productive days at home, as stated by theCenters for Medicare and Medicaid Services 2021. This demonstrates the expanding utilization of medical device sensors like accelerometers.
The increasing burden of noncommunicable diseases has prompted the regional governments to increase their healthcare spending to strengthen the healthcare infrastructure and increase R&D efforts.Additionally, since lifestyle disorders are becoming more common, people in the region are starting to pay more attention to their health. A significant portion of the population in India suffers from lifestyle-related illnesses like obesity and diabetes, which have elevated the cancer risk. In addition, the demand for wearable technology has increased due to societal anxiety over the early diagnosis of diseases. Due to escalating chronic disease rates, increased knowledge of the benefits of exercise, and technology improvements as the primary drivers of growth, the accelerometermedical sensors marketin the Asia Pacificappears to have a bright future.
The China market dominated the Asia Pacific Accelerometer Medical Sensors Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $628.5 Million by 2028. The Japan market is experiencing a CAGR of 13.6% during (2022-2028). Additionally, The India market would display a CAGR of 14.9% during (2022-2028).
Based on Product, the market is segmented into Wearable and Non-wearable. Based on End-Use, the market is segmented into Hospital & Clinics and Others. Based on Application, the market is segmented into Chronic illness & Risk-monitoring, Wellness Monitoring, In hospital clinical Monitoring, Sensor Therapeutics, and Post-acute Care Monitoring. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fitbit, Inc (Google LLC), Analog Devices, Inc., Koninklijke Philips N.V., ResMed, Inc., Compumedics Limited, Garmin Ltd., Aetna, Inc. (CVS Pharmacy, Inc.), BMC Medical Co., Ltd., and SOMNOmedics GmbH.
The demand for medical sensors isexpanding quickly inpatient monitoring, where accelerometer medicalsensors are frequently employed. In-home patient monitoring is becoming more popular in both urban and rural areas of developing nations. Corporations are now able to use medical device sensors primarily for patient monitoring due to the increasing demand.
While patients and doctors may communicate with one another all the time owing to technology, remote patient monitoring enables hospitals and doctors to keep an eye on patients away from the typical clinic environment. Patient monitors enable hundreds of thousands of high-risk patients per year to avoid being hospitalized again and make the best of their productive days at home, as stated by theCenters for Medicare and Medicaid Services 2021. This demonstrates the expanding utilization of medical device sensors like accelerometers.
The increasing burden of noncommunicable diseases has prompted the regional governments to increase their healthcare spending to strengthen the healthcare infrastructure and increase R&D efforts.Additionally, since lifestyle disorders are becoming more common, people in the region are starting to pay more attention to their health. A significant portion of the population in India suffers from lifestyle-related illnesses like obesity and diabetes, which have elevated the cancer risk. In addition, the demand for wearable technology has increased due to societal anxiety over the early diagnosis of diseases. Due to escalating chronic disease rates, increased knowledge of the benefits of exercise, and technology improvements as the primary drivers of growth, the accelerometermedical sensors marketin the Asia Pacificappears to have a bright future.
The China market dominated the Asia Pacific Accelerometer Medical Sensors Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $628.5 Million by 2028. The Japan market is experiencing a CAGR of 13.6% during (2022-2028). Additionally, The India market would display a CAGR of 14.9% during (2022-2028).
Based on Product, the market is segmented into Wearable and Non-wearable. Based on End-Use, the market is segmented into Hospital & Clinics and Others. Based on Application, the market is segmented into Chronic illness & Risk-monitoring, Wellness Monitoring, In hospital clinical Monitoring, Sensor Therapeutics, and Post-acute Care Monitoring. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fitbit, Inc (Google LLC), Analog Devices, Inc., Koninklijke Philips N.V., ResMed, Inc., Compumedics Limited, Garmin Ltd., Aetna, Inc. (CVS Pharmacy, Inc.), BMC Medical Co., Ltd., and SOMNOmedics GmbH.
Scope of the Study
By Product
- Wearable
- Non-wearable
By End-use
- Hospital & Clinics
- Others
By Application
- Chronic illness & Risk-monitoring
- Wellness Monitoring
- In hospital clinical Monitoring
- Sensor Therapeutics
- Post-acute Care Monitoring
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Fitbit, Inc (Google LLC)
- Analog Devices, Inc.
- Koninklijke Philips N.V.
- ResMed, Inc.
- Compumedics Limited
- Garmin Ltd.
- Aetna, Inc. (CVS Pharmacy, Inc.)
- BMC Medical Co., Ltd.
- SOMNOmedics GmbH
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Accelerometer Medical Sensors Market, by Product
1.4.2 Asia Pacific Accelerometer Medical Sensors Market, by End-use
1.4.3 Asia Pacific Accelerometer Medical Sensors Market, by Application
1.4.4 Asia Pacific Accelerometer Medical Sensors Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Accelerometer Medical Sensors Market by Product
3.1 Asia Pacific Wearable Market by Country
3.2 Asia Pacific Non-wearable Market by Country
Chapter 4. Asia Pacific Accelerometer Medical Sensors Market by End-use
4.1 Asia Pacific Hospital & Clinics Market by Country
4.2 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Accelerometer Medical Sensors Market by Application
5.1 Asia Pacific Chronic illness & Risk-monitoring Market by Country
5.2 Asia Pacific Wellness Monitoring Market by Country
5.3 Asia Pacific In hospital clinical Monitoring Market by Country
5.4 Asia Pacific Sensor Therapeutics Market by Country
5.5 Asia Pacific Post-acute Care Monitoring Market by Country
Chapter 6. Asia Pacific Accelerometer Medical Sensors Market by Country
6.1 China Accelerometer Medical Sensors Market
6.1.1 China Accelerometer Medical Sensors Market by Product
6.1.2 China Accelerometer Medical Sensors Market by End-use
6.1.3 China Accelerometer Medical Sensors Market by Application
6.2 Japan Accelerometer Medical Sensors Market
6.2.1 Japan Accelerometer Medical Sensors Market by Product
6.2.2 Japan Accelerometer Medical Sensors Market by End-use
6.2.3 Japan Accelerometer Medical Sensors Market by Application
6.3 India Accelerometer Medical Sensors Market
6.3.1 India Accelerometer Medical Sensors Market by Product
6.3.2 India Accelerometer Medical Sensors Market by End-use
6.3.3 India Accelerometer Medical Sensors Market by Application
6.4 South Korea Accelerometer Medical Sensors Market
6.4.1 South Korea Accelerometer Medical Sensors Market by Product
6.4.2 South Korea Accelerometer Medical Sensors Market by End-use
6.4.3 South Korea Accelerometer Medical Sensors Market by Application
6.5 Singapore Accelerometer Medical Sensors Market
6.5.1 Singapore Accelerometer Medical Sensors Market by Product
6.5.2 Singapore Accelerometer Medical Sensors Market by End-use
6.5.3 Singapore Accelerometer Medical Sensors Market by Application
6.6 Malaysia Accelerometer Medical Sensors Market
6.6.1 Malaysia Accelerometer Medical Sensors Market by Product
6.6.2 Malaysia Accelerometer Medical Sensors Market by End-use
6.6.3 Malaysia Accelerometer Medical Sensors Market by Application
6.7 Rest of Asia Pacific Accelerometer Medical Sensors Market
6.7.1 Rest of Asia Pacific Accelerometer Medical Sensors Market by Product
6.7.2 Rest of Asia Pacific Accelerometer Medical Sensors Market by End-use
6.7.3 Rest of Asia Pacific Accelerometer Medical Sensors Market by Application
Chapter 7. Company Profiles
7.1 Fitbit, Inc (Google LLC)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Analog Devices, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Koninklijke Philips N.V.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.4 ResMed, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Compumedics Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expenses
7.6 Garmin Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 Aetna, Inc. (CVS Pharmacy, Inc.)
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.7.2.2 Product Launches and Product Expansions:
7.8 BMC Medical Co., Ltd.
7.8.1 Company Overview
7.9 SOMNOmedics GmbH
7.9.1 Company Overview
Companies Mentioned
- Fitbit, Inc (Google LLC)
- Analog Devices, Inc.
- Koninklijke Philips N.V.
- ResMed, Inc.
- Compumedics Limited
- Garmin Ltd.
- Aetna, Inc. (CVS Pharmacy, Inc.)
- BMC Medical Co., Ltd.
- SOMNOmedics GmbH
Methodology
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