Press release
+17.4% CAGR of "Wearable Devices Market" by Fitbit, Inc., Koninklijke Philips N.V., BioTelemetry Inc., Garmin Ltd., OMRON Corporation, Drägerwerk AG & Co. KGaA, Nokia Technologies, Jawbone, Polar Electro, Others
Wearable Devices Market
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Market Analysis: Global Wearable Devices Market
Global Wearable Devices Market is expected to rise from its initial estimated value of USD 24.53 billion in 2018 to an estimated value of USD 88.53 billion by 2026, registering a CAGR of 17.4% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing penetration of smartphones and also improving phone-based healthcare apps compatible with wearable devices.
Key Market Competitors:
• Fitbit, Inc. (US),
• Koninklijke Philips N.V. (Netherlands),
• BioTelemetry, Inc. (Switzerland),
• Garmin Ltd. (Switzerland),
• OMRON Corporation (Japan),
• Drägerwerk AG & Co. KGaA (Germany),
• Nokia Technologies (US),
• Jawbone (US),
• Polar Electro (Finland),
• World Global Network (US),
• Activeinsights (UK),
• VitalConnect (US),
• Xiaomi (China),
• Misfit (US),
• Monica Healthcare (UK)
• Adidas AG,
• Apple, Inc.(US),
• Google, Inc. (US),
• LG Electronics Inc. (South Korea),
• Nike, Inc (US),
• Samsung Electronics Co., Ltd. (South Korea),
• Sony Corporation (Japan),
• Xiaomi Technology Co., Ltd. (China)
• Among other vernacular players.
Market Definition: Global Wearable Devices Market
Wearable technology device isthat type of device which can be worn by a consumer and it gives information regarding to health and fitness. These Devices are hands-free gadgets with practical uses, powered by microprocessors and enhanced with the ability to send and receive data.
According to statistics, the number of connected wearable devices worldwide is expected to jump from an estimate of 325 million in 2016 to over 830 million in 2020. This significant number is expected to act as a driver to the market growth.
Market Drivers
• There is an increase in technological advancements in wearable medical devices which is expected to act as a driver to the market growth
• There is rise in preference for wireless connectivity among healthcare providers which is expected to act as a driver to the market growth
Segmentation: Global Wearable Devices Market
By Product Type
• Wrist-wear
• Eyewear
• Footwear
• Neckwear
• Body wear
• Others
By Industry
• Consumer Products
• Healthcare
• Industrial
• Others
By Type
• Smart Textile
• Passive
• Active
• Ultra-Smart
• Non-Textile
By End Users
• Personal Users
• Enterprises
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
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Key Developments in the Market:
• In April 2019, Fitbit announced that Fitbit and Snap launched first-ever bitmoji clock face integration on fitbit smartwatches, that provide dynamically updates throughout the day based on your personal health and fitness data.
• In March 2019, Fitbit announced four new Wearables products for Making Health and Fitness Accessible and Affordable to More Consumers Worldwide.
Competitive Analysis:
Global wearable devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wearable devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
• Current and future of global wearable devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Table of Content: Global Wearable Devices Market
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Wearable Devices Market Landscape
Part 04: Global Wearable Devices Market Sizing
Part 05: Global Wearable Devices Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
And More…..Get Detailed TOC @ https://databridgemarketresearch.com/toc/?dbmr=global-wearable-devices-market
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Data Bridge Market Research
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Email: sopan.gedam@databridgemarketresearch.com
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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune. We ponder into the heterogeneous markets in accord with our clients needs and scoop out the best possible solutions and detailed information about the market trends. Data Bridge delve into the markets across Asia, North America, South America, Africa to name few.
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