Smart Wellness Market 2019 Global Key Players: Apple, Samsung Electronics, Omron Healthcare, McKesson Corporation, Draeger Medical Systems

Smart Wellness Market Highlights:
Market Research Future (MRFR) has announced a new release on the global smart wellness market. The report provides a thorough look into the probable growth trajectory of the global smart wellness market over the forecast period from 2017 to 2023 based on an extensive analysis of the market’s historical growth drivers and restraints. According to the report, the global smart wellness market is expected to reach a valuation of USD 520.29 billion by 2023 at a sturdy CAGR of 24.46% over the forecast period.

Smart wellness comprises of technology and devices used to monitor a user’s health and wellness through means such as sensors equipped with wireless connectivity, linking them to mobile apps. The Internet of Things (IoT) has had a key role in the global development of the smart wellness market, as it has allowed for the development of smooth-functioning and reliable healthcare monitors for personal use. The definition of Smart Wellness Market is the use of smart devices to monitor the health of an individual user. The growing popularity of fitness apps and the increasing health awareness among people around the world are likely to be among the major drivers for the global smart wellness market over the forecast period.

The growing ubiquity of smartphones and the increasing comfort level between users and fitness apps is likely to remain a key driver for the smart wellness market over the forecast period. The steady technological development to produce efficient and effective smart healthcare monitors has reaped big dividend for the smart wellness market, and the growing popularity of wearable smart health sensors is likely to be at the heart of the growing prospects of the global smart wellness market over the forecast period. The smart wellness market has also been able to present itself as “cool” due to its benefits and sophisticated, refined technological setup, which is likely to be a key driver for the market in developed Western countries such as the U.S.

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Competitive Analysis:
Leading players in the global smart wellness market include Apple Inc., Omron Healthcare Inc., Philips Healthcare Company, Draeger Medical Systems Inc., St. Jude Medical Inc., Medtronic PLC, Fitbit Inc., GE Healthcare Inc., McKesson Corporation, and Samsung Electronics.

Segmentation:
The global smart wellness market is segmented on the basis of component, end user, connectivity, and region.
• By component, the global smart wellness market is segmented into hardware, software, services, personal medical devices, and wellness products. The hardware sub-segment is likely to remain the key revenue generator for the global smart wellness market due to the importance of the physical sensors and associated equipment functioning well, consistently. The segment is expected to exhibit a strong 24.82% CAGR over the forecast period.
• By end user, the global smart wellness market is segmented into hospitals and individual users. The individual users segment is likely to dominate the smart wellness market over the forecast period, as hospitals usually have their own monitoring equipment and don’t need to rely on smart wellness solutions, at least not to a high degree. The growing popularity of smart wellness products among individual users is likely to drive the segment at a 25.08% CAGR over the forecast period.
• By connectivity, the global smart wellness market is segmented into Bluetooth and WiFi. The Bluetooth segment is likely to lead the global smart wellness market in the coming years, as smart wellness products such as exercise logs are often used in situations where there may be no access to WiFi. The Bluetooth segment is expected to exhibit a steady 24.83% CAGR over the forecast period.

Regional Analysis:
North America is likely to dominate the global smart wellness market over the forecast period due to the growing popularity of wellness apps and the increasing support for a technologically superior, connected healthcare sector that incorporates all avenues of healthcare monitoring, including apps and other smart wellness solutions.

Asia Pacific is likely to grow at the fastest growth rate over the forecast period due to the high volume of the market, which is mostly untapped.

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Industry Updates:
In January 2019, home builder KB Home announced a collaboration with Delos, a technology provider, for the use of the company’s ‘Darwin’ platform in KB Home’s residential construction projects. The platform monitors parameters such as air quality, circadian lighting rhythms, water filtration, and the owners’ sleep cycles to provide basic to moderate wellness monitoring. The platform will be introduced in California and rolled out across the U.S. over time.

Intended Audience:
• Technology Investors
• Research/Consultancy Firms
• Chip designers and fabricators
• Original equipment manufacturers (OEMs)
• Healthcare Solution Providers
• Technology Providers
• Individual Users
• Healthcare Institutions and Clinics
• Pharmacies

Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued…

List of Table
Table 1 Global Smart Wellness Market, By Component, 2017-2023 (Usd Billion)
Table 2 Global Smart Wellness Market, By Hardware, 2017-2023 (Usd Billion)
Table 3 Global Smart Wellness Market, By Personal Medical Devices, 2017-2023 (Usd Billion)
Continued…

Access Report Details @ https://www.marketresearchfuture.com/reports/smart-wellness-market-4484

List of Figure
Figure 1 Top Down & Bottom Up Approach
Figure 2 Forecast Model
Figure 3 Dro Of Global Smart Wellness Market
Continued…

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This release was published on openPR.