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Wearable Fitness Trackers Market: Wrist Wear Product Type Segment Expected to Remain Dominant

11-15-2017 12:13 PM CET | Media & Telecommunications

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Wrist wear segment is projected to be the most attractive in the global wearable fitness trackers market during the opportunity assessment period. The segment is estimated be valued more than US$ 14 Bn in 2017 and is expected to witness steady growth in terms of revenue throughout the projected period, representing a CAGR of 16.3% during the projected period.

Leg wear segment is expected to register moderate Y-o-Y growth rate throughout the estimated period. In terms of value, this segment is expected to expand at a CAGR of 16.1% between 2017 and 2027.

The wrist wear segment is anticipated to exhibit high market attractiveness index over the opportunity assessment period

Increasing number of online stores, usage of smart phones and rising use of wearable fitness trackers in healthcare sectors create new opportunities in the global wearable fitness trackers market

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https://www.futuremarketinsights.com/reports/wearable-fitness-trackers-market

The prime factor responsible for the popularity of the wearable fitness trackers is that users can wear them 24*7 and can witness real time monitoring of the collected data that too on devices which can be carried anywhere and anytime.

The increasing usage of smartphones in the market is creating demand of wearable fitness trackers. In the present era, almost everyone use a smartphone. The applications in these smartphones offer an easy monitoring of the fitness trackers. Due to this advancement, the demand of wearable fitness trackers is also increasing since these trackers are easy to carry, user friendly, and compatible with most of the smartphones.

With the rapidly increasing health issues in all age groups, patients and doctors both are more focused on developing the medium through which doctors are able to monitor the health of the patients through devices. This is very prime opportunity for the manufacturers to develop new features in the wearable fitness trackers.

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https://www.futuremarketinsights.com/reports/sample/rep-gb-4887

With robust CAGR of more than 15%, the global wearable fitness trackers market is anticipated to increase 4X by volume between 2017 and 2027

Global wearable fitness trackers market is expected to be valued at more than US$ 21 Bn in 2017 and is anticipated to reach more than US$ 90 Bn by the end of 2027. The global wearable fitness trackers market is expected to register a CAGR of 15.8% during the forecast period.

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https://www.futuremarketinsights.com/reports/wearable-fitness-trackers-market/toc

About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

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Future Market Insights
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United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

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