Fitness Tracker Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Apple Inc., Garmin Ltd., Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd. (Huawei), NIKE Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Fitness Tracker market report by The Business Research Company, the increase in incidence of health disorders is expected to propel the growth of the fitness tracker market going forward. A health disorder refers to a condition that has known physical causes and visible psychopathology. With a fitness tracker, there will be physical activity every day, which helps in preventing various health disorders. For instance, in 2020, according to the World Health Organization, a US-based government agency, chronic disease prevalence is expected to rise by 57%. Therefore, the increasing incidence of health disorders is driving the growth of the fitness tracker market.

The global fitness tracker market size grew from $38.56 billion in 2022 to $46.46 billion in 2023 at a compound annual growth rate (CAGR) of 20.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fitness tracker market size is expected to grow to $94.3 billion in 2027 at a CAGR of 19.4%.

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Major competitors in the Fitness Tracker market include Apple Inc., Garmin Ltd., Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd. (Huawei), NIKE Inc., Samsung Electronics Co. Ltd., Xiaomi Inc., Adidas Inc., Jawbone, Polar, Beienda, Ambiotex GmbH, Hexoskin, Fossil Group Inc., and TomTom N.V.

The Fitness Tracker market is segmented -
• By Device Type: Smart Watches, Fitness Band, Smart Glasses, Smart Clothing, Other Device Types
• By Application: Heart Rate Tracking, Sleep Measurement, Glucose Measurement, Sports, Running, Cycling Tracking
• By Distribution Channel: Online, Retail, Other Distribution Channel
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Fitness Tracker market.

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A fitness tracker refers to a device that uses sensors to track orientation, movement, and rotation. The device collects data and converts it into steps, calories, sleep quality, and overall activity performed by the wearer during the day.

The Table Of Content For The Fitness Tracker Market Include:
1. Executive Summary
2. Fitness Tracker Market Characteristics
3. Fitness Tracker Market Trends And Strategies
4. Fitness Tracker Market - Macro Economic Scenario
5. Fitness Tracker Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Fitness Tracker Market
29. Fitness Tracker Market Future Outlook and Potential Analysis
30. Appendix

The "Global Fitness Tracker Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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