Asia Pacific Connected Healthcare Device Market Outlook, 2029

The Asia Pacific Connected Healthcare Device Market is estimated at USD 10.6 billion in 2024 , driven by rise in disposable incomes.

According to publisher, Here is the Asia Pacific Connected Healthcare Device Market The Asia Pacific connected healthcare device market is experiencing explosive growth, driven by several key factors. This report provides a comprehensive overview of this dynamic market. Market Insights The Asia Pacific connected healthcare device market is estimated at USD 10.60 billion in 2024, and is projected to reach USD 22.27 billion by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 16.01%. This growth is attributed to rising disposable incomes, increasing awareness of preventive healthcare, and a growing geriatric population.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Market Dynamics Drivers: Growing prevalence of chronic diseases like diabetes and heart disease is fueling demand for remote patient monitoring devices like glucose monitors and blood pressure monitors. Government initiatives promoting telehealth and remote care are creating a supportive regulatory environment. Increasing adoption of smartphones and rising internet penetration is facilitating seamless data transmission from connected devices. For instance, in China, the government's "Healthy China 2030" plan emphasizes technological advancements in healthcare delivery. Restraints: Data privacy and security concerns are a major hurdle, as connected devices collect and transmit sensitive patient information. Lack of reimbursement policies for connected healthcare devices can be a barrier to adoption for some healthcare providers. Interoperability issues between devices from different manufacturers can hinder data integration and seamless care coordination. Market Segments By Product Type: Wearable devices like smartwatches and fitness trackers that monitor heart rate, activity levels, and sleep patterns are a significant segment. Diagnostic and monitoring devices like glucose monitors, blood pressure monitors, and pulse oximeters are another major segment. Home-based rehabilitation devices for physiotherapy and chronic disease management are gaining traction.

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Manmayi Raval

Manmayi Raval

Research Consultant

By Application: Chronic disease management is a leading application, with devices helping patients monitor their conditions and adjust treatment plans remotely. Remote patient monitoring allows healthcare providers to track patients' vitals and health data outside the hospital setting. Connected devices are also used in telehealth consultations, enabling real-time virtual consultations between doctors and patients. Regional Analysis China is expected to dominate the market due to its large population base, rising disposable incomes, and government support for digital healthcare initiatives. India is another promising market due to its growing middle class, increasing internet penetration, and rising demand for affordable healthcare solutions. Developed economies like Japan and South Korea are also witnessing significant growth due to their advanced healthcare infrastructure and high technology adoption rates. Key Developments In 2023, Samsung launched its new Galaxy Watch5 with advanced health monitoring features, including blood pressure monitoring (in select markets). In 2022, Abbott introduced its FreeStyle Libre 3 sensor, a continuous glucose monitoring device with a longer wear time and improved accuracy. Governments are actively collaborating with healthcare providers and technology companies to develop and implement telehealth programs utilizing connected devices.

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Manmayi Raval

Competitive Landscape The market is becoming increasingly competitive with established medical device companies like Abbott, Medtronic, and Philips facing competition from tech giants like Apple and Samsung. Startups are also playing a significant role in developing innovative connected healthcare devices, with a focus on specific applications and user needs. Conclusion The Asia Pacific connected healthcare device market is poised for continued rapid growth, driven by rising healthcare needs, technological advancements, and increasing government support. As the market evolves, we can expect to see a wider variety of connected devices, improved data security measures, and more robust reimbursement policies, all contributing to improved healthcare delivery and patient outcomes in the region.

Table of Contents

  • 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



Table 1. Snapshot of Asia Pacific Connected Healthcare Device Market in Balanced Perspective, 2023-2033 18
Table 2. World Economic Outlook, 2024-2036 23
Table 3. World Economic Outlook, 2022-2024 25
Table 4. Scenarios for Economic Impact of Ukraine Crisis 29
Table 5. Scenarios for Economic Impact of Israel-Palestine War 30
Table 6. Main Product Trends and Market Opportunities in Asia Pacific Connected Healthcare Device Market 38
Table 7. Asia Pacific Connected Healthcare Device Market by Product, 2023-2033, $ mn 46
Table 8. Asia Pacific Connected Healthcare Device Market: Medical Devices by Type, 2023-2033, $ mn 49
Table 9. Asia Pacific Connected Healthcare Device Market: Wellness Devices by Type, 2023-2033, $ mn 59
Table 10. Asia Pacific Connected Healthcare Device Market: Software & Services by Type, 2023-2033, $ mn 66
Table 11. Asia Pacific Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 70
Table 12. Asia Pacific Connected Healthcare Device Market by Application, 2023-2033, $ mn 75
Table 13. Asia Pacific Connected Healthcare Device Market by End User, 2023-2033, $ mn 81
Table 14. APAC Connected Healthcare Device Market by Country, 2023-2033, $ mn 89
Table 15. Japan Connected Healthcare Device Market by Product, 2023-2033, $ mn 93
Table 16. Japan Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 93
Table 17. Japan Connected Healthcare Device Market by End User, 2023-2033, $ mn 93
Table 18. China Connected Healthcare Device Market by Product, 2023-2033, $ mn 95
Table 19. China Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 95
Table 20. China Connected Healthcare Device Market by End User, 2023-2033, $ mn 95
Table 21. Australia Connected Healthcare Device Market by Product, 2023-2033, $ mn 97
Table 22. Australia Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 97
Table 23. Australia Connected Healthcare Device Market by End User, 2023-2033, $ mn 97
Table 24. India Connected Healthcare Device Market by Product, 2023-2033, $ mn 99
Table 25. India Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 99
Table 26. India Connected Healthcare Device Market by End User, 2023-2033, $ mn 99
Table 27. South Korea Connected Healthcare Device Market by Product, 2023-2033, $ mn 101
Table 28. South Korea Connected Healthcare Device Market by Device Type, 2023-2033, $ mn 101
Table 29. South Korea Connected Healthcare Device Market by End User, 2023-2033, $ mn 101
Table 30. Connected Healthcare Device Market in Rest of APAC by Country/Region, 2023-2033, $ mn 103
Table 31. Abbott Laboratories: Company Snapshot 108
Table 32. Abbott Laboratories: Business Segmentation 109
Table 33. Abbott Laboratories: Product Portfolio 109



Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 17
Figure 4. Industry Value Chain Analysis 20
Figure 5. Asia Pacific Connected Healthcare Device Market, 2023-2033, $ mn 21
Figure 6. Impact of COVID-19 on Business 26
Figure 7. Primary Drivers and Impact Factors of Asia Pacific Connected Healthcare Device Market 31
Figure 8. The Benefits of Connected Medical Devices 34
Figure 9. World Industrial IoT Market, 2019-2030, $ mn 34
Figure 10. Primary Restraints and Impact Factors of Asia Pacific Connected Healthcare Device Market 35
Figure 11. Investment Opportunity Analysis 39
Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific Connected Healthcare Device Market 42
Figure 13. Breakdown of Asia Pacific Connected Healthcare Device Market by Product, 2023-2033, % of Revenue 47
Figure 14. Asia Pacific Addressable Market Cap in 2024-2033 by Product, Value ($ mn) and Share (%) 47
Figure 15. Asia Pacific Connected Healthcare Device Market by Product: Medical Devices, 2023-2033, $ mn 48
Figure 16. Asia Pacific Connected Healthcare Device Market by Medical Devices: Blood Pressure Monitor, 2023-2033, $ mn 50
Figure 17. Asia Pacific Connected Healthcare Device Market by Medical Devices: Glucose Monitor, 2023-2033, $ mn 51
Figure 18. Asia Pacific Connected Healthcare Device Market by Medical Devices: Insulin Pump, 2023-2033, $ mn 52
Figure 19. Asia Pacific Connected Healthcare Device Market by Medical Devices: ECG Monitoring Device, 2023-2033, $ mn 53
Figure 20. Asia Pacific Connected Healthcare Device Market by Medical Devices: Pulse Oximeter, 2023-2033, $ mn 54
Figure 21. Asia Pacific Connected Healthcare Device Market by Medical Devices: Portable GPS PERS, 2023-2033, $ mn 55
Figure 22. Asia Pacific Connected Healthcare Device Market by Medical Devices: Smart Pill Dispenser, 2023-2033, $ mn 56
Figure 23. Asia Pacific Connected Healthcare Device Market by Medical Devices: Other Medical Devices, 2023-2033, $ mn 57
Figure 24. Asia Pacific Connected Healthcare Device Market by Product: Wellness Devices, 2023-2033, $ mn 58
Figure 25. Asia Pacific Connected Healthcare Device Market by Wellness Devices: Body Analyzer, 2023-2033, $ mn 60
Figure 26. Asia Pacific Connected Healthcare Device Market by Wellness Devices: Digital Pedometer, 2023-2033, $ mn 61
Figure 27. Asia Pacific Connected Healthcare Device Market by Wellness Devices: GPS Sports Watch, 2023-2033, $ mn 62
Figure 28. Asia Pacific Connected Healthcare Device Market by Wellness Devices: Heart Rate Monitor, 2023-2033, $ mn 63
Figure 29. Asia Pacific Connected Healthcare Device Market by Wellness Devices: Sleep Quality Monitor, 2023-2033, $ mn 64
Figure 30. Asia Pacific Connected Healthcare Device Market by Wellness Devices: Other Wellness Devices, 2023-2033, $ mn 65
Figure 31. Asia Pacific Connected Healthcare Device Market by Product: Software & Services, 2023-2033, $ mn 66
Figure 32. Asia Pacific Connected Healthcare Device Market by Software & Services: Fitness & Wellness App, 2023-2033, $ mn 67
Figure 33. Asia Pacific Connected Healthcare Device Market by Software & Services: Online Subscription, 2023-2033, $ mn 68
Figure 34. Asia Pacific Connected Healthcare Device Market by Product: Other Software & Services, 2023-2033, $ mn 69
Figure 35. Breakdown of Asia Pacific Connected Healthcare Device Market by Device Type, 2023-2033, % of Sales Revenue 71
Figure 36. Asia Pacific Addressable Market Cap in 2024-2033 by Device Type, Value ($ mn) and Share (%) 71
Figure 37. Asia Pacific Connected Healthcare Device Market by Device Type: Wearable Devices, 2023-2033, $ mn 72
Figure 38. Asia Pacific Connected Healthcare Device Market by Device Type: Implantable Devices, 2023-2033, $ mn 73
Figure 39. Asia Pacific Connected Healthcare Device Market by Device Type: Stationary Devices, 2023-2033, $ mn 74
Figure 40. Breakdown of Asia Pacific Connected Healthcare Device Market by Application, 2023-2033, % of Sales Revenue 76
Figure 41. Asia Pacific Addressable Market Cap in 2024-2033 by Application, Value ($ mn) and Share (%) 76
Figure 42. Asia Pacific Connected Healthcare Device Market by Application: Remote Monitoring, 2023-2033, $ mn 77
Figure 43. Asia Pacific Connected Healthcare Device Market by Application: Consultation and Diagnosis Services, 2023-2033, $ mn 78
Figure 44. Asia Pacific Connected Healthcare Device Market by Application: Treatment Services, 2023-2033, $ mn 79
Figure 45. Asia Pacific Connected Healthcare Device Market by Application: Fitness and Wellness Services, 2023-2033, $ mn 80
Figure 46. Breakdown of Asia Pacific Connected Healthcare Device Market by End User, 2023-2033, % of Revenue 82
Figure 47. Asia Pacific Addressable Market Cap in 2024-2033 by End User, Value ($ mn) and Share (%) 82
Figure 48. Asia Pacific Connected Healthcare Device Market by End User: Hospitals, 2023-2033, $ mn 83
Figure 49. Asia Pacific Connected Healthcare Device Market by End User: Specialty Clinics, 2023-2033, $ mn 84
Figure 50. Asia Pacific Connected Healthcare Device Market by End User: Ambulatory Surgical Centers (ASCs), 2023-2033, $ mn 85
Figure 51. Asia Pacific Connected Healthcare Device Market by End User: Home Care Settings, 2023-2033, $ mn 86
Figure 52. Asia Pacific Connected Healthcare Device Market by End User: Other End Users, 2023-2033, $ mn 87
Figure 53. Breakdown of APAC Connected Healthcare Device Market by Country, 2023 and 2033, % of Revenue 89
Figure 54. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 90
Figure 55. Connected Healthcare Device Market in Japan, 2023-2033, $ mn 92
Figure 56. Connected Healthcare Device Market in China, 2023-2033, $ mn 94
Figure 57. Connected Healthcare Device Market in Australia, 2023-2033, $ mn 96
Figure 58. Connected Healthcare Device Market in India, 2023-2033, $ mn 98
Figure 59. Connected Healthcare Device Market in South Korea, 2023-2033, $ mn 100
Figure 60. Connected Healthcare Device Market in Rest of APAC, 2023-2033, $ mn 102
Figure 61. Growth Stage of Asia Pacific Connected Healthcare Device Industry over the Forecast Period 104
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Asia Pacific Connected Healthcare Device Market Outlook, 2029

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