A complete report on Wearable Devices Market was published by The Data Bridge Market Research to understand the comprehensive setup of Wearable Devices Market industries. Wearable Devices market research report provides professional and broad market report primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis. The market drivers and restraints have been explained using SWOT analysis. Business intelligence has been applied to generate this market report which is a vital aspect when it comes to accomplish thorough and wide-ranging market insights. This market report will also surely help in the journey to achieve the business growth and success. The global Wearable Devices report also provides an insightful overview of product specification, technology, applications, product type and production analysis considering major factors such as revenue, cost, and gross margin. The report examines all these factors both at micro and macro level to give a clear understanding of investment opportunities and about the major competitors in the market.
Global 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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The Wearable Devices Market Report Covers Major Players:
- 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)
Wearable Devices Market Segmentation:
Market segment by Type, the product can be split into:
- Body wear
Market segment by End Users, split into:
- Personal Users
Wearable Devices Market Country Level Analysis
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
Wearable Devices Market analysis document is a decisive source of information about the industry, important facts and figures, expert opinions, and the newest developments across the globe. This market report works as an outstanding resource that provides recent as well as upcoming technical and financial details of the industry Forecast to 2027. As it’s a fact that competitive analysis is the major aspect of any market research report, the report covers many points including strategic profiling of key players in the market, analyse core competencies of key players, and draw a competitive landscape for the market. Thousands of up-to-date reports are available on DBMR to help business leaders understand the dynamics of the market, anticipate changes, and identify opportunities during the COVID-19 pandemic and eventual recovery.
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.
- There is an increase in technological advancements in wearable medical devices which is expected to act as a driver to the market growth
- There is rise in preference for wireless connectivity among healthcare providers which is expected to act as a driver to the market growth
- There is issue of data security in wearable devices which is expected to act as a restraint to the market growth.
Major Points Covered in Table of Contents:
Chapter 1: Wearable Devices Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.
Chapter 2: Wearable Devices Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels and Major Downstream Buyers.
Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Wearable Devices
Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Wearable Devices.
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Wearable Devices by Regions (2021-2027).
Chapter 6: Wearable Devices Production (if any), Consumption, Export and Import by Regions
Chapter 7: Wearable Devices Market Status and SWOT Analysis by Regions.
Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Wearable Devices.
Chapter 9: Wearable Devices Market Analysis and Forecast by Type and Application.
Chapter 10: Market Analysis and Forecast by Regions (2021-2027).
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COVID-19 Impact Analysis
This seriously explored report introduction has been set up progressively speech, delivering considerable consideration towards the COVID-19 episode that has of late unleashed phenomenal harm across businesses, deteriorating development.
COVID-19 has intensified the demand for online shopping across the globe. Multinational corporations are investing heavily in a shift toward e-commerce, but they must also ensure their strategies will also succeed over the long-term even after the pandemic has ended.
The WHO declared it a public health emergency. The global effects of coronavirus disease (Covid19) is already being felt and will have a significant impact on the Wearable Devices market by 2020.
Competitive Landscape and Wearable Devices Market Share Analysis
Few of the major competitors currently working in the wearable devices are Fitbit, Inc. (US), Koninklijke Philips N.V. (Netherlands), BioTelemetry, Inc. (Switzerland), Garmin Ltd. (Switzerland), and 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), and 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), and Xiaomi Technology Co., Ltd. (China) among other vernacular players.
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.
Important Features that are under Offering and Wearable Devices Market Highlights of the Report:
- A Comprehensive Evaluation of market.
- This report provides pin-point analysis, current developments for changing market dynamics.
- In-depth market segmentation by Type, Application etc.
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments.
- Competitive landscape of global Wearable Devices market.
- Favourable impressions inside imperative mechanical and publicize the latest examples striking the Global Wearable Devices market.
- Impact of COVID-19 as well as how the market is functioning post-COVID-19.
- Strategies of Wearable Devices Market players and product offerings.
- Potential and niche segments/regions exhibiting promising growth.
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