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    Home > Medical News > Latest Medical News > The medical-grade wearable device market, which has been flooded by a large number of companies, still needs time to break out

    The medical-grade wearable device market, which has been flooded by a large number of companies, still needs time to break out

    • Last Update: 2021-10-01
    • Source: Internet
    • Author: User
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    According to IDC's "China Wearable Device Market Quarterly Tracking Report", China's wearable device market grew steadily in the second quarter of 2021, with shipments of 36.
    14 million units, a year-on-year increase of 33.
    7%
    .
    Wearable devices are devices that achieve powerful functions through software support, data interaction, and cloud interaction
    .
    They have outstanding advantages in the field of medicine and medical treatment, and their prospects are also optimistic in the industry .
    In recent years, favorable policies for the smart wearable device industry have been continuously released.
    For example, in 2015, "Made in China 2025" was officially released, which emphasized the need to improve the innovation capability and industrialization level of medical devices, and promote mobile Internet, cloud computing, big data and other technologies in smart Breakthrough in the manufacturing field, focusing on the development of mobile medical products such as wearables and remote diagnosis and treatment.
    Smart wearable devices have become a national strategy; in March 2021, 28 departments jointly issued the "Implementation Plan for Accelerating the Cultivation of New Consumptions" and emphasized support for the development of wearable devices Strengthen the R&D, design and production of intelligent medical equipment, and promote the interconnection and integration of intelligent diagnosis and treatment services
    .
    With the support of a series of policies, more and more companies are opening or in-depth deployment of wearable devices in the health field
    .
    For example, in July 2021, Goertek, a major supplier in the field of wearable devices, announced that it has officially joined Qualcomm to launch the "Wearable Device Ecosystem Accelerator Program" aimed at accelerating the development and commercialization of wearable devices
    .
    The 2021 semi-annual performance report shows that Goertek has three main business segments: precision components, intelligent acoustic machines (such as: TWS) and smart hardware (such as: VR/AR, smart wearable products)
    .
    Among them, the intelligent hardware business ushered in explosive growth in the first half of the year, with a year-on-year increase of 210.
    83%
    .
    The industry believes that the company's VR has entered a harvest period, and there is huge room for smart wearable growth
    .
    Cross-border companies are also exploring this area
    .
    For example, the health field has always been Huawei’s key focus in the layout of wearable devices.

    .
    According to the review results of the second-class medical device priority approval application announced by the Guangdong Provincial Food and Drug Administration on August 23 this year, Huawei’s wrist ECG blood pressure recorder, ECG analysis system, arrhythmia analysis system, and wrist single lead Four medical device products of ECG collectors have entered the priority approval procedure for publicity
    .
    From smart watches to medical devices, it can be seen that Huawei's layout in the wearable medical field is further deepened
    .
    In addition to Huawei, technology giants such as Keda Xunfei have also deployed in the field of smart medical wearable devices
    .
    Reports show that China's medical-grade smart wearable device industry is maintaining a rapid growth trend, and the market scale continues to expand
    .
    The data shows that the compound growth rate of China's medical-grade smart wearable device market from 2016 to 2020 is 46.
    2%.
    Among them, the medical-grade smart wearable device market in 2020 will be 12.
    46 billion yuan, a year-on-year increase of 35.
    1%
    .
    In addition, at present, China's medical-grade smart wearable devices have entered the era of fine development from barbarous growth
    .
    It is estimated that from 2020 to 2025, the compound growth rate of China's medical-grade smart wearable device market will reach 30.
    0%.
    In 2025, China's medical-grade smart wearable device market will reach 46.
    26 billion yuan
    .
    However, from the perspective of the industry, it still takes time for the medical-grade wearable device market to break out
    .
    At present, in medicine, the main role of wearable devices is to assist.
    Medical smart wear has not really entered the common medical scene.
    Compared with consumer-grade products such as watches and bracelets, the market is not large.
    In addition, from the perspective of pricing, Such products are mainly sold through professional channels, and the price will be relatively high.
    Therefore, the medical-grade wearable device market will not usher in too much growth in the short term
    .
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