Global Smart Wellness Market 2018: Major Applications - Hospitals, Laboratories, Personal Use, Supply, Demand, Sales, Consumption and Others Applications
The smart wellness market is witnessing a considerable growth over the past few years and is expected to grow over the coming years. Increasing awareness regarding health & fitness and initiatives for promoting good health by government and enterprise are the key factors driving the growth of the market. Considering, the increase in major diseases across the globe is rising the demand for physical activity, thus demanding the need for smart wellness.With the advent of the internet of things and growing demand for smart wearables, the smart wellness market is anticipated to witness significant growth during the forecast period. Major factors driving the growth of smart wellness market is the increasing adoption of smartphones with integrated smart wellness applications. The Smart Wellness Market study provides detailed information regarding the scope and application of the market, which helps in better understanding of the market.
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Increasing adoption of smartphones; integration of smart wellness applications; and growing urbanization and increasing population are expected to drive the growth of the global smart wellness market. Increasing need for health monitoring and maintaining a balanced life with smart wellbeing are key attributes of market growth. Furthermore, the rising popularity of fitness tracking apps available on smart devices and the increasing demand for connected health and wellness devices are widely responsible for fueling the growth of the market.
Some of the leading competitors functioning in this market are: Apple, Samsung Electronics, Omron Healthcare, McKesson, Philips Healthcare, GE Healthcare, Draeger Medical Systems, Fitbit, St. Jude Medical, Medtronic.
The report focuses on the key developments in the global market, especially in North America, Europe, China, Japan, Southeast Asia, India.
Global Smart Wellness Market: Market Scenario
North America holds the largest market share across the globe followed by Europe, and the Asia Pacific. In North America, the growth is attributed to technological enhancements and growing adoption of smart wellness applications. U.S. and Canada are the largest contributors to the smart wellness market in this region.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.): Bluetooth Connectivity, Wi-Fi Connectivity.
End-User/Consumer applications comprise of: Hospital, Individual Users.
Meanwhile, Asia Pacific is projected to be the most lucrative market owing to increasing concerns for health and fitness among youth and adults. Reducing the time for physical activities and increasing disposable income among men and women will drive the smart wellness market in the coming years.
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Future prospects for the smart wellness market worldwide
The future of the global smart wellness market seems promising with the number of technological advancements taking place to develop the equipment. Discount in a membership of health and membership clubs will attract customers towards the adoption of smart wellness products. Moreover, reducing the costs of the wellness devices will enable the deployment of households sales. Whereas, quality maintenance of fitness equipment will increase customer focus on used machines and membership clubs in the near future.
Reasons to Buy:
Envision the composition of the Smart WellnessMarket, in terms of the different applications of the Smart Wellness Market , underlining the major industry resources and players.
Examine the product pipeline and study by stage of the disease, molecule target, with a granulated breakdown across key symptoms.
Understand the growth in the number of Smart Wellness Marketand market revenue for the market globally and across the key players and market segments.
Determine commercial opportunities in the Smart WellnessMarket sales scenario by analyzing trends in authorizing and co-development deals.
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