Press release
Stress Tracking Devices Market SizePoised for 9 % Growth, Set to Hit $7.5 Billion by 2029
Stress Tracking Devices Market Size
The growth of the stress-tracking devices Market Sizeis expected to accelerate due to the rising occurrences of stress-related disorders. These health conditions stem from chronic or intense stress, impacting mental health (e.g., depression and anxiety) and physical health. Increased work obligations and lifestyle transformations that intensify stress levels trigger the increase in stress-related disorders. Stress tracking devices assist in managing these ailments by observing physiological signs of stress, such as sleep patterns and heart rate. This allows for prompt detection and intervention to alleviate the effects of stress. For instance, The American Psychiatric Association, a U.S.-based association of professional psychiatrists, reported in May 2024 that 43% of adults felt anxiety, a significant increase from 37% in 2023 and 32% in 2022. This increasing trend in stress-related disorders is in turn contributing to the growth of the stress-tracking devices market.
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What is the projected compound annual growth rate (CAGR) of the stress tracking devices Market Sizefrom 2025 to 2034, and what factors influence it?
The of stress tracking devices has significantly expanded over the recent years. The projected growth from 2024's $3.14 billion to 2025's $3.43 billion, with a compound annual growth rate (CAGR) of 9.3%, represents this. Factors contributing to the growth experienced in the historic period include the rising prevalence of stress-induced health issues, enhanced awareness regarding mental health, increasing healthcare expenditures, the proliferation of health and wellness trends, desire for individualized health supervision, and breakthroughs in mobile health apps.
The of stress tracking devices is anticipated to experience significant growth in the coming years, expanding to a value of $4.83 billion in 2029 with a compound annual growth rate (CAGR) of 9.0%. This growth during the projected period can be accredited to factors like the widespread adoption of telehealth services, escalating consumer demand for comprehensive health solutions, an increased emphasis on workplace health programs, the broadening of mental health awareness initiatives, and the rising connectivity of wearable and smart devices. The projected period will witness major trends like AI-based personal insights, improved accuracy through biosensors, wearable tech, enhancements in real-time stress monitoring, digital platform innovation, and advancements in sensor technology.
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How are the latest trends influencing the growth of the stress tracking devices market?
Leading firms in the stress-tracking device marketplace are innovating fitness trackers to improve stress control and general health. Fitness trackers are wearable gadgets engineered to monitor and document varied physical exercises and health metrics such as steps taken, heart rate, calories expended, sleep routines, and stress levels. These features assist users in tracking their fitness objectives and managing their health. For instance, in April 2024, Fitbit, a technology firm based in the US, introduced the Fitbit Sense. The innovative features it offers focus on stress control, heart health, and general wellbeing. The Fitbit Sense stands out for being the inaugural smartwatch to exhibit an Electrodermal Activity (EDA) sensor. This sensor measures the body's reaction to stress by detecting small electrical alterations in the skin's sweat levels. Consequently, users can conduct EDA scans to comprehend their stress levels more effectively. The device formulates a daily Stress Management Score hinged on the body's stress responsiveness, activity levels, and sleep patterns. Users can use this score to better interpret their physical symptoms of stress.
What are the major segments of the stress tracking devices Market Sizeand their role in driving growth?
The stress tracking devices Market Sizecovered in this report is segmented -
1) By Type: Basic Wearable, Smart Wearable
2) By Technology: Electrocardiogram (ECG), External Speaker, Global Positioning System (GPS), Heart Rate Sensor, Kids' Device, Megapixels, Microphone, Near Field Communication (NFC), Skin Temp Sensor, Other Technologies
3) By Sensor Type: Salivary Sensors, Sweat Cortisol Sensors, Wearable Sensor
4) By Operation Mode: Tethered, Standalone, Both
5) By Application: Online Sale, Offline Retail
Subsegments:
1) By Basic Wearable: Simple Fitness Trackers, Heart Rate Monitors, Basic Sleep Trackers, Step Counters And Pedometers, Non-Smart Fitness Bands
2) By Smart Wearable: Smartwatches With Stress Tracking Features, Advanced Fitness Trackers With Stress Analytics, Health Monitoring Smart Rings, Wearable ECG Monitors, Smart Glasses With Stress Monitoring Capabilities
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Which regions are key players in the growth of the stress tracking devices market?
North America was the largest region in the stress-tracking devices Market Sizein 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the stress tracking devices Market Sizereport are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the stress tracking devices market?
Major companies operating in the stress- tracking devices Market Sizeare Apple Inc., Google LLC, Samsung Group, Xiaomi Corporation, Garmin Ltd., Spire Inc., Zepp Health Corporation, Whoop Inc., Oura Health Oy, NeuroSky Inc., Qardio Inc., Emotiv Inc., Nielsen-Kellerman Co, Leaf Therapeutics LLC, Welltory Inc., Biostrap Inc., Carré Technologies Inc., Emfit Ltd., Pebble Technology Corp, Hanu Health Inc., Gabit Technologies Private Limited
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What Is Covered In The Stress Tracking Devices Global Market SizeReport?
• Forecast: Examine the stress tracking devices across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the stress tracking devices Market Sizefor a structured understanding.
•Key Players Overview: Analyze major players in the stress tracking devices market, including their Market Sizevalue, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the stress tracking devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the stress tracking devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the stress tracking devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the stress tracking devices market.
•Competitive Landscape: Review strategic developments in the stress tracking devices market, including expansions, agreements, and new product launches.
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