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

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

China Wearable Medical Devices Market Growth & Trends

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, according to a new report by Grand View Research, Inc. 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

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