Global Smart Wearable Healthcare Devices Market 2021-2025
Technavio has been monitoring the smart wearable healthcare devices market and it is poised to grow by $ 15.70 bn during 2021-2025, progressing at a CAGR of 14.38% during the forecast period. Our report on the smart wearable healthcare devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing awareness and preference for home healthcare and improving the standard of living and economic conditions. In addition, growing awareness and preference for home healthcare is anticipated to boost the growth of the market as well.
The smart wearable healthcare devices market analysis includes the product segment and geographic landscape.
Technavio's smart wearable healthcare devices market is segmented as below:
- Fitness band
- Smart watches
- Smart glasses
By Geographical Landscape
- North America
This study identifies the increasing prevalence of chronic diseasesas one of the prime reasons driving the smart wearable healthcare devices market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on smart wearable healthcare devices market covers the following areas:
- Smart wearable healthcare devices market sizing
- Smart wearable healthcare devices market forecast
- Smart wearable healthcare devices market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart wearable healthcare devices market vendors that include Apple Inc., Biobeat Ltd., Dexcom Inc., Huawei Investment and Holding Co. Ltd., iRhythm Technologies Inc., Koninklijke Philips NV, Masimo Corp., OMRON Corp., Samsung Electronics Co. Ltd., and VitalConnect Inc. Also, the smart wearable healthcare devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.