Smart Wearables in healthcare Market Size, Share & Growth [2027]

Posted by Simone on April 16th, 2021

The smart wearable in healthcare market size across the globe accounted for USD x.xx billion in the historical year (2017), and is anticipated to reach at USD xx.xx billion by the end of 2025, exhibiting a double digit CAGR of xx.x % over the forecast period (2018-2025). Key factor probable of driving the smart wearables in healthcare market growth in upcoming years include prompt technological advancements by wearable devices technologies in order to enhance their performance. Moreover, constant introduction of innovative as well as cutting-edge smart wearable technologies in the market is further boosting the smart wearable in healthcare market growth across the globe. On the other hand, higher cost of these devices plus lack of awareness in terms of technology are major factors expected to restraint the growth market in future foresee.

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In addition, smart wearable in healthcare devices like glucose monitor and heart rate monitor are highly used as well as suggested wearable technologies by healthcare and medical professionals, owing to rising need for continuous monitoring of patient's health in hospitals. Thus, the demand for the product is expected to impel in healthcare & medical sector by the end of forecast spell.

Global smart wearable in healthcare market has been segmented by different function, devices, application and geography. Further, device segment of the market is bifurcated into medical devices, smart watch, smart glasses, wrist bands, fitness trackers, activity monitors, sport watches, smart clothing, ear wear and others. Likewise, application segment of the smart wearable in healthcare market is sub-divided into infotainment, fitness & wellness, fashion & lifestyle, safety & security, healthcare & medical and others. Based on function, market is sub-segmented into sensing, energy harvesting, luminescence & aesthetics, thermo-electricity and others.

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Geographically, North America is anticipated to rule the market with major smart wearable in healthcare market share, owing to various advancement in the technologies of the devices and presence of large number of prominent players in the U.S. Europe is also one of the potential market that is trailed by the markets of Asia-Pacific Region.

Some of the key players operating in the competitive edge of Smart Wearables in healthcare market across the globe include Apple Inc., Samsung Electronics Co. Ltd, Adidas Group Inc., Garmin Ltd., NIKE, Fitbit Inc., Sony Corporation, Motorola Corporation, LG Electronics Inc., Qualcomm Inc., Withings SA, Pebble Technology Corp. and Xiaomi Technology Co. Ltd.

Key segments of the global Smart Wearables in healthcare market include:

Devices segment of Smart Wearable Devices in healthcare market:

Smart Watch

Medical Devices

Smart Glasses

Wrist Bands

Ear Wear

Fitness Trackers

Sport Watches

Activity Monitors

Smart Clothing

Others

Function of Smart Wearable Devices in healthcare market:

Sensing

Energy Harvesting

Luminescence and Aesthetics

Thermo-electricity

Others

Application of Smart Wearable Devices in healthcare market:

Infotainment

Fitness & Wellness

Fashion & Lifestyle

Safety & Security

Healthcare & Medical

Others

Geographical segmentation of Smart Wearable Devices in healthcare market:

Asia Pacific

Europe

North America

Latin America

ROW

What to expect from the upcoming ‘Global Smart Wearable in Healthcare Market’ analysis:

-Analysis over future prospects as well as Global Smart Wearable in Healthcare Market trends

- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.

- Supportive initiatives by government likely to influence the market dynamics.

- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.

- In-depth analysis of different market segmentations including function, devices, application and geographical regions.

- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market

- Value Chain and Sales Channels Analysis

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