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Wearable Devices Market Size, Share, Status and Forecast 2026: Fitbit, Inc., Koninklijke Philips N.V., BioTelemetry, Inc., Garmin Ltd., OMRON Corporation

Global Wearable Devices Market

The Global Wearable Devices Market report underlines the market size, regional changing trends emerging new prospects for market growth rate and production value estimation from 2019 – 2026. This market research report is a careful investigation of current scenario of the market and future estimations which covers several market dynamics. The report is a great resource, which provides current and upcoming technical and financial details of the industry. The report serves the analysis of the global market share, segmentation, revenue growth estimation and geographic regions of the market. The Global Wearable Devices Market report provides top to bottom analysis and estimation of various market-related factors that play a key role in better decision making.

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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Key Market Competitors:

  • 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),
  • VitalConnect (US),
  • Xiaomi (China),
  • Misfit (US),
  • 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),
  • Xiaomi Technology Co., Ltd. (China)
  • Among other vernacular players.

Market Definition: Global Wearable Devices Market

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.

Market Drivers

  • 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

Segmentation: Global Wearable Devices Market

By Product Type

  • Wrist-wear
  • Eyewear
  • Footwear
  • Neckwear
  • Body wear
  • Others

By Industry

  • Consumer Products
  • Healthcare
  • Industrial
  • Others

By Type

  • Smart Textile
  • Passive
  • Active
  • Ultra-Smart
  • Non-Textile

By End Users

  • Personal Users
  • Enterprises

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

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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.

Competitive Analysis:

Global wearable devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wearable devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

  • Current and future of global wearable devices market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Table of Content: Global Wearable Devices Market

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Wearable Devices Market Landscape

Part 04: Global Wearable Devices Market Sizing

Part 05: Global Wearable Devices Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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