2017 China's wearable device medical market will reach 5 billion
According to Shanghai's "Daily Economic News", China's wearable devices for medical use have a market of 420 million yuan in 2012. It is estimated that the market size will exceed 1 billion yuan in 2015, and will reach nearly 5 billion in 2017. Yuan Renminbi. ABI said that in 2012 about 30 million wearable devices were used in the medical electronics sector, up 37% from 2011. Wearables are the next potential consumer electronics product after the development of smartphones connected to sensing hardware. Although few people have heard of wearable devices two or three years ago, wearable devices are now moving into our daily lives. In March, three major information technology giants—Intel, Google, and Facebook—also announced plans to invest in wearables. In China, Xiaomi Technology and Tencent Holdings have entered the wearable field. In China, the first touchable device may be Apple's iPod. The iPod has Nike+ functionality (promulgated in 2006). Nike introduces Air Zoon Moire, a sports shoe with wearables, which opens up a new arena for exercisers. In 2010, Google patented its smart glasses. In the same year, Nike introduced the Nike+Running app. The app connects Twitter and Facebook to connect running and social activities. In China, Nike is working with Weibo and WeChat. Many Chinese companies are also investing in wearable devices. Recently, Xiaomi introduced a smart bracelet that can monitor breathing and sleep, and Tencent also publicized its health bracelet. It is estimated that there are more than 10 domestically manufactured wearable medical devices in the Chinese market, including smart thermometers, smart bracelets and smart oximeters. Application software is an important platform for connecting the wearable hardware user base. Dayima.com has provided value-added medical services through partnerships with hospitals and insurance companies. There are currently two types of wearable device companies that are trying out products in the healthcare sector: one is an innovative company. Innovative companies can attract venture capital but the chances of long-term survival are minimal. The other type is traditional enterprises. Traditional companies focus on industrialized and directional wearables and consider whether investments can make money. The business model of wearable devices has not been determined. Most relatively low-end smart watches and smart bracelets are priced below RMB 100 and are also above RMB 1,000. Most high-end products are made by technology companies with a smart bracelet that connects to a smartphone.
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