The wearable health tracking devices market is projected to witness the growth at a CAGR of 14.46% during the forecast period to reach the total market size of US$12.654 billion by 2023, increasing from US$5.628 billion in 2017. Global wearable health tracking devices market has been growing at a high rate given the pace of technological advancement and competitive landscape in the market. Growing awareness regarding home healthcare devices coupled with the efficacy and ease of access has increased demand for these devices significantly in recent years. Rising prevalence of conditions such as obesity, high blood pressures, and hypertension and sleep disorders as a result of lifestyle changes has strengthened this trend. The market is dominated by North America taking up the highest share, owing to the presence of key manufacturers in the region. Moreover, growth in Asia Pacific is taking place at a rapid rate and is expected to constitute a larger share of the market in the years ahead. Affordable devices as a result of innovation and competition are expected to drive considerable growth.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the wearable health tracking devices value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Major industry players profiled as part of the report are Misfit, Xiaomi, Samsung, Apple Inc. and Moov Inc. among others.
The Wearable Health Tracking Devices market has been analysed through following segments:
Heart Rate monitors
Blood Pressure Monitors
By End User
Hospitals and Clinics
Middle East and Africa
United Arab Emirates