openPR Logo
Press release

Wearable Technology Market

12-05-2018 03:12 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research

Global Wearable Technology Market: Snapshot

Growing demand for wearable devices has increased in various countries. Hardware and software components are driving the demand in the wearable technology market owing to a rise in the use of advanced technologies. High preference for maintaining physical fitness has increased the need for wearable technology. This market has gained immense popularity by introducing innovative technologies and expanding its boundaries by offering new types of wearable products.

The use of wearable technology is seen in healthcare, fitness and sports devices, consumer applications, defense support, and various other industry verticals. Thus, the burgeoning demand of these industries will significantly boost the demand in the wearable technology market in coming years.

The author of the report has evaluated the global wearable technology market. The analysis given in the report will help companies to make better decisions for their business to grow effectively in near future. The market is expected to rise at 40.8% CAGR during the forecast period between 2012 and 2018. The valuation for the global wearable technology market is expected to reach US$ 5.8 bn by the end of 2018.

Preview Report @ https://www.transparencymarketresearch.com/wearable-technology.html

Outstanding Share Contributed by Healthcare and Medical Sector to Expand the Market

The global wearable technology market is categorized on the basis of end-use. Based on end users the market is further segmented into infotainment, industrial and military, fitness and wellness, and healthcare and medical. The fitness and wellness segment includes products like activity monitors, sleep sensors, smart clothing and smart sensors, and others.

The infotainment segment comprises products such as heads-up displays, smart glasses, smart watches, and others. Wearable patches, continuous glucose monitor, drug delivery monitors, and others, come under healthcare and medical sector. Whereas, the industrial and military sector includes hand worn terminals, reality headsets, and others.

Request PDF Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=798

Out of these segments, medical and healthcare segment has gained popularity in the last few years and contributed an overwhelming share of 35.1%. This segment overpowered others due to its increasing client base for wearable electronic gadgets. Glucose monitors contribute the biggest share has led to a rise in demand for wearable technology due to medicinal and social insurance. In addition, increasing cases of diabetes in developing economies have also grown the demand for wearable devices. Thus, the use of wearables devices in the medical and healthcare sector will further boost the demand for wearable technology at the global level.

North America Leading the Global Wearable Technology Market

The adoption of wearable technology is high in North America, which make that region lead at the global level. The rising use of fitness wear and wrist wear among the fitness enthusiasts have grown the demand for wearable technology in this region. According to data recorded in 2015, the U.S. contributed the largest share. Technological innovations and advancements are the major reason for the growth of wearable technology in the U.S.

Get TOC@ https://www.transparencymarketresearch.com/report-toc/798

Moreover, the introduction of new products by the leading companies in the U.S. have escalated the demand for wearable technology. The expansion of technological innovations in emerging economies has grown the market for wearable technology. Healthcare and fitness are the two major sector in which there is a high need for wearable technology.

The report also provides analysis of other regions in the global market such as Latin America, Asia Pacific, the Middle East and Africa, and Europe. The report has also taken into consideration the key players in the global wearable technology market. Some of the key players in the market are Adidas, Nike, Abbott, Medtronic, Google, and Garmin International Inc., and various others.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wearable Technology Market here

News-ID: 1419483 • Views: 370

More Releases from Transparency Market Research

Sterilizers and Surgical, Dental Care and Equipment Disinfectors Market Analysis …
The India sterilizers and surgical, dental care and equipment disinfectors market features the presence of several players that are either indigenous, or are global players that have a subsidiary company in this market, finds Transparency Market Research (TMR) in a new report. Technological advancements to strengthen their product offering is the key focus of top players in the India sterilizers and surgical, dental care and equipment disinfectors market. To attain this,
Kidney Cancer Drugs Market is Set to Grow According to Latest Research
The vendor landscape of the kidney cancer drugs market is largely consolidated and competitive in nature. Major players operating in the market are focusing on clinical collaboration and commercial expansion to tap several opportunities present in the market. Stringent governmental regulation makes this market tough for small players. Small player in the market are launching several bio-similar products in order to satisfy increasing demand from the emerging
Anxiety Disorders and Depression Treatment Market Incredible Potential, Stagnant …
With anxiety disorders and depression becoming a substantial public health burden, efforts are increasingly afoot to reduce their impact. A large part of this endeavor entails the use of anxiolytics and antidepressants, which will augur well for the global anxiety disorders and depression treatment market. According to a new report published by Transparency Market Research, the global anxiety disorders and depression treatment market will log a 1.25% CAGR to go
Biological Drugs Market to Explore Emerging Trends of Coming Years
The global biological drugs market is anticipated in a report by Transparency Market Research (TMR) to gain immensely from billions of dollars of investment from pharmaceutical companies attracted to lucrative business opportunities available in biologics. In order to take large strides in their market and the prime mover advantage, pharmas such as Bristol-Myers Squibb and Eli Lilly and Company have already made massive biologics investments. Biopharma-related partnerships are said to

All 5 Releases


More Releases for Wearable

Wearable Translator Market 2025 |
Market Overview: Wearable Translator supports real-time speech conversion. The technology associated with the wearable translator does not depend on any type of internet connection like the old conventional type of translators in which a person has to download the app and then different languages as per the requirement which takes up much of the space from the memory of the cell phone.The wearable translator has a resounding battery life of 24
Wearable Computing Glasses Market
https://www.qandqmarketresearch.com/reports/7293838/wearable-computing-glasses-market-6 Wearable Computing Glass is a device that comprises a small display positioned in front of the wearer’s eye in order to provide virtual information regarding the environment. The global Wearable Computing Glasses market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 20192025. The objectives of this study are to define, segment, and
Wearable Technology Market
Wearable technology is gaining popularity at a rapid pace, and it has gone beyond just connected eyewear and smartwatches with new products such as wrist bands, smart shoes, smart apparels, and more. Companies are creating apparel, accessories, and fitness wear that can do everything from monitoring heart rate to charging a smartphone. Scope of the Report: This report focuses on the Wearable Technology in Global market, especially in North America, Europe and
Wearable Technology Forecasts: 2016 – 2030
The “Wearable Technology Ecosystem: 2016 - 2030 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” report presents an in-depth assessment of the wearable technology ecosystem including key market drivers, challenges, investment potential, consumer & vertical market opportunities, use cases, future roadmap, value chain, case studies, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2016 through to 2030. The forecasts are further
Wearable Sensor Market - Rising Demand for Technically Advanced Wearable Devices
Wearable sensors are an important component of wearable technology that are embedded in smart wearable devices to monitor several parameters such as temperature, blood pressure, speed, and muscle activity. The wearable sensors ensure that the data is monitored and stored for our better understanding of physical health and fitness. Recently, these sensors became increasingly popular attributed to the growing demand for smart wearable technology based devices. They are used in various
Wearable Payments: Sizing the Opportunity
Summary The wearable payments market is still very much in its infancy, with most companies in this space still experimenting with form factors and functionality. Apple has emerged as a frontrunner with its payments-capable Apple Watch, but it is far from the only high-profile company in this space. With the market in its current state it is far too early to call Apple’s first-mover advantage decisive, and while this space is