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Coronavirus (COVID-19) Business Impact on Wearable Devices Market - Fitbit, Inc., Koninklijke Philips N.V., BioTelemetry, Inc., Garmin Ltd., OMRON Corporation, Drägerwerk AG & Co. KGaA
Wearable Devices Market
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.
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Key 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.
Global Wearable Devices Market By Product Type (Wristwear, Eyewear, Footwear, Neckwear, Bodywear, Others), Industry (Consumer Products, Healthcare, Industrial, Others), Type (Smart Textile (Passive, Active, Ultra Smart), Non-Textile), End Users (Personal Users, Enterprises), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa and Rest of the World) - Industry Trends & Forecast to 2026
Market Definition:
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.
Report Highlights:
Detailed overview of the Wearable Devices Market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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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
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.
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Data Bridge Market Research
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Email: Corporatesales@databridgemarketresearch.com
About Data Bridge Market Research
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