Product Code: BHM1965SS
Introduction to Asia-Pacific (APAC) Wearable Patches Market
The Asia-Pacific wearable patches market was valued at $2,268.6 million in 2023 and is expected to reach $5,300.6 million by 2031, growing at a CAGR of 11.19% between 2023 and 2031. In the APAC market, the growth of the wearable patches market is propelled by several key factors. These include the need for continuous monitoring of body vitals without hindering movement, the rising incidence of chronic diseases such as diabetes and strokes, technological advancements, and the increasing elderly population.
KEY MARKET STATISTICS |
Forecast Period | 2023 - 2031 |
2023 Evaluation | $2,268.6 Million |
2031 Forecast | $5,300.6 Million |
CAGR | 11.19% |
Market Introduction
The wearable patches market in Asia-Pacific (APAC) is expanding rapidly, owing to a variety of drivers. With the rising frequency of chronic diseases including diabetes, strokes, and cardiovascular ailments, there is a greater need for innovative healthcare solutions that allow for continuous monitoring of vital signs and enhance patient outcomes. Wearable patches provide a non-invasive and convenient way to monitor physiological indicators such as heart rate, blood glucose levels, and skin temperature while continuing with regular activities.
Furthermore, the APAC area is experiencing tremendous technological breakthroughs in wearable technology, such as downsizing, greater sensor accuracy, and wireless connectivity, which improve the functioning and usability of wearable patches. These technology advancements are accelerating acceptance across a wide range of applications, including healthcare, fitness tracking, and remote patient monitoring.
Furthermore, the region's aging population creates a substantial market opportunity for wearable patches, as older persons seek ways to manage chronic health concerns and maintain independence. Furthermore, government measures supporting digital healthcare solutions and incorporating wearable technology into healthcare systems are driving market expansion in APAC.
Overall, the APAC wearable patches market is expected to grow significantly, driven by a confluence of factors such as increased chronic disease prevalence, technology innovation, and favorable regulatory frameworks. This creates huge opportunity for enterprises to capitalize on the region's growing demand for wearable healthcare solutions.
Market Segmentation:
Segmentation 1: by Usage Type
- Blood Glucose Patch
- Heart Rate and ECG Patch
- Temperature Patch
- TENS/EMS Patch
- Others
Segmentation 2: by Application
- Monitoring and Diagnostics
- Therapeutics
Segmentation 3: by End User
- Homecare
- Ambulatory Surgical Center
Segmentation 4: by Country
- Japan
- India
- China
- South Korea
- Australia and New Zealand
- Rest-of-Asia-Pacific
How can this report add value to an organization?
Product/Innovation Strategy: The APAC wearable patches market has been extensively segmented on the basis of various categories, such as usage type, application, end user, and region. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.
Growth/Marketing Strategy: Regulatory activities and partnerships accounted for the maximum number of key developments in the APAC Wearable Patches Market.
Competitive Strategy: The APAC wearable patches market has both established as well as emerging companies offering wearable patches across a range of usage types. Key players in the APAC wearable patches market that are analyzed and profiled in the study involve established players that offer various kinds of wearable patches.
Table of Contents
Executive Summary
Scope of the Study
Research Methodology
1 Markets
- 1.1 Market Outlook
- 1.1.1 Product Definition
- 1.1.2 Inclusion and Exclusion Criteria
- 1.1.3 Key Findings
- 1.1.4 Market Scenario
- 1.1.4.1 Realistic Growth Scenario
- 1.1.4.2 Optimistic Growth Scenario
- 1.1.4.3 Pessimistic Growth Scenario
- 1.2 Industry Outlook
- 1.2.1 Key Trends
- 1.2.1.1 Seamless Connectivity among Devices
- 1.2.1.2 Use of Wearable Patches to Improve Patient Healthcare Outcomes with Machine Learning Algorithms
- 1.2.1.3 Increase in Adoption of Wearable Patches for Homecare Settings
- 1.2.2 Technology Landscape
- 1.2.3 Product Benchmarking
- 1.2.4 Wearable Patch Material
- 1.2.5 Patent Analysis
- 1.2.5.1 Patent Publication Growth Trend
- 1.2.5.2 Patent Analysis (by Country/Cluster)
- 1.3 Impact of COVID-19
- 1.3.1 Rise in the Adoption of Wearable Patches
- 1.3.2 Data Collection and Saving of Medical Records
- 1.3.3 Impact on Market Size
- 1.3.3.1 Pre-COVID-19 Phase
- 1.3.3.2 During COVID-19 Phase
- 1.3.3.3 Post-COVID-19 Phase
2 Asia-Pacific
- 2.1 Asia-Pacific
- 2.1.1 Key Finding and Opportunity Assessment
- 2.1.2 Regulatory Framework
- 2.1.3 Reimbursement Scenario
- 2.1.4 Market Dynamics
- 2.1.4.1 Impact Analysis
- 2.1.4.2 Business Drivers
- 2.1.4.3 Business Restraints
- 2.1.5 Market Sizing and Forecast
- 2.1.5.1 Asia-Pacific Wearable Patches Market (by Application)
- 2.1.5.2 Asia-Pacific Wearable Patches Market (by Usage Type)
- 2.1.5.3 Asia-Pacific Wearable Patches Market (by End User)
- 2.1.5.4 Asia-Pacific Wearable Patches Market (by Country)
- 2.1.5.4.1 Japan
- 2.1.5.4.1.1 Market Dynamics
- 2.1.5.4.1.1.1 Business Drivers
- 2.1.5.4.1.1.2 Business Restraints
- 2.1.5.4.1.2 Key Companies
- 2.1.5.4.1.3 Raw Material Supplying Companies
- 2.1.5.4.1.4 Pricing Trend
- 2.1.5.4.1.5 Units Sold
- 2.1.5.4.1.6 Market Sizing and Forecast
- 2.1.5.4.1.6.1 Japan Wearable Patches Market (by Application)
- 2.1.5.4.1.6.2 Japan Wearable Patches Market (by End User)
- 2.1.5.4.1.6.3 Japan Wearable Patches Market (by Usage Type)
- 2.1.5.4.2 China
- 2.1.5.4.2.1 Market Dynamics
- 2.1.5.4.2.1.1 Business Drivers
- 2.1.5.4.2.1.2 Business Restraints
- 2.1.5.4.2.2 Key Companies
- 2.1.5.4.2.3 Raw Material Supplying Companies
- 2.1.5.4.2.4 Pricing Trend
- 2.1.5.4.2.5 Recent Developments
- 2.1.5.4.2.6 Units Sold
- 2.1.5.4.2.7 Market Sizing and Forecast
- 2.1.5.4.2.7.1 China Wearable Patches Market (by Application)
- 2.1.5.4.2.7.2 China Wearable Patches Market (by End User)
- 2.1.5.4.2.7.3 China Wearable Patches Market (by Usage Type)
- 2.1.5.4.3 India
- 2.1.5.4.3.1 Market Dynamics
- 2.1.5.4.3.1.1 Business Drivers
- 2.1.5.4.3.1.2 Business Restraints
- 2.1.5.4.3.2 Key Companies
- 2.1.5.4.3.3 Raw Material Supplying Companies
- 2.1.5.4.3.4 Pricing Trend
- 2.1.5.4.3.5 Units Sold
- 2.1.5.4.3.6 Market Sizing and Forecast
- 2.1.5.4.3.6.1 India Wearable Patches Market (by Application)
- 2.1.5.4.3.6.2 India Wearable Patches Market (by End User)
- 2.1.5.4.3.6.3 India Wearable Patches Market (by Usage Type)
- 2.1.5.4.4 South Korea
- 2.1.5.4.4.1 Market Dynamics
- 2.1.5.4.4.1.1 Business Drivers
- 2.1.5.4.4.1.2 Business Restraints
- 2.1.5.4.4.2 Key Companies
- 2.1.5.4.4.3 Raw Material Supplying Companies
- 2.1.5.4.4.4 Pricing Trend
- 2.1.5.4.4.5 Recent Developments
- 2.1.5.4.4.6 Units Sold
- 2.1.5.4.4.7 Market Sizing and Forecast
- 2.1.5.4.4.7.1 South Korea Wearable Patches Market (by Application)
- 2.1.5.4.4.7.2 South Korea Wearable Patches Market (by End User)
- 2.1.5.4.4.7.3 South Korea Wearable Patches Market (by Usage Type)
- 2.1.5.4.5 Australia and New Zealand
- 2.1.5.4.5.1 Market Dynamics
- 2.1.5.4.5.1.1 Business Drivers
- 2.1.5.4.5.1.2 Business Restraints
- 2.1.5.4.5.2 Key Companies
- 2.1.5.4.5.3 Raw Material Supplying Companies
- 2.1.5.4.5.4 Pricing Trend
- 2.1.5.4.5.5 Recent Developments
- 2.1.5.4.5.6 Units Sold
- 2.1.5.4.5.7 Market Sizing and Forecast
- 2.1.5.4.5.7.1 Australia and New Zealand Wearable Patches Market (by Application)
- 2.1.5.4.5.7.2 Australia and New Zealand Wearable Patches Market (by End User)
- 2.1.5.4.5.7.3 Australia and New Zealand Wearable Patches Market (by Usage Type)
- 2.1.5.4.6 Rest-of-Asia-Pacific
- 2.1.5.4.6.1 Market Dynamics
- 2.1.5.4.6.1.1 Business Drivers
- 2.1.5.4.6.1.2 Business Restraints
- 2.1.5.4.6.2 Key Companies
- 2.1.5.4.6.3 Raw Material Supplying Companies
- 2.1.5.4.6.4 Pricing Trend
- 2.1.5.4.6.5 Recent Developments
- 2.1.5.4.6.6 Units Sold
- 2.1.5.4.6.7 Market Sizing and Forecast
- 2.1.5.4.6.7.1 Rest-of-Asia-Pacific Wearable Patches Market (by Application)
- 2.1.5.4.6.7.2 Rest-of-Asia-Pacific Wearable Patches Market (by End User)
- 2.1.5.4.6.7.3 Rest-of-Asia-Pacific Wearable Patches Market (by Usage Type)
3 Market-Competitive Benchmarking and Company Profiles
- 3.1 Competitive Landscape
- 3.1.1 Regulatory and Legal Activities
- 3.1.2 New Offerings
- 3.1.3 Partnerships, Collaborations, and Business Expansions
- 3.1.4 Mergers and Acquisitions
- 3.1.5 Funding Activities
- 3.2 Company Profile
- 3.2.1 Established Companies
- 3.2.1.1 OMRON Corporation
- 3.2.1.1.1 Company Overview
- 3.2.1.1.2 Role of OMRON Corporation in the Wearable Patches Market
- 3.2.1.1.3 Financials
- 3.2.1.1.4 Recent Developments
- 3.2.1.1.5 Analyst Perspective