Smart Wearable Healthcare Devices Market Size, Share and Trends Analysis Report, By Product (Diagnostic Devices and Therapeutic Devices), By Type (Handheld, Headband, Strap & Bracelet, Shoe Sensors, and Others), By Application (Remote Patient Monitoring, Home Healthcare, and Sports & Fitness), Forecast Period (2022-2028)

The global smart wearable healthcare devices market is anticipated to grow at a CAGR of 13. 1% during the forecast period (2022-2028). Due to increased consumer awareness and the use of smart wearable devices in healthcare, the worldwide smart wearable devices market is developing across the globe. Small, portable devices that may be strapped to a user’s body to track real-time fitness, heart rate, sleep data, calorie intake, and other health parameters are known as smart wearable healthcare devices. Wearable smart devices function similarly to smartphones and tablets. A smart wearable gadget can be easily synchronized with users’ smartphones and tablets to improve accessibility. These factors are projected to raise demand during the forecast period.

Many leading companies are working on smart wearable gadgets that will propel wearable technology forward in the future. Users of smart wearable devices can examine their devices for health-related information. Obesity has become a major concern in across the globe; thus, people are turning to wearable technology to track their health and fitness information during the forecast period.

Smart wearable gadgets are items that incorporate current technology into wearable items such as a watch, eyewear, bracelet, and so on. Smart wearable healthcare devices include smartwatches, fitness trackers, smart wristbands, activity trackers, sports watches, and other smart wearable devices. Consumers are rapidly adopting these devices as they make connecting places, people, and things easier. The introduction of fresh goods for everyday use, such as activity tracking and heartbeat monitoring, is expected to stimulate the growth of smart wearable gadgets over the forecast period.

Some major players in the market include Fitbit, Garmin Ltd, Koninklijke Philips N.V., Omron Corp., and Withings, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, Fitbit offers Charge 5. The most advanced fitness and health tracker on the market, featuring features such as an on-wrist ECG app for heart health, an EDA Scan app for stress management, and more. Also included is a 6-month Fitbit Premium subscription and Daily Readiness Score to help enhance the routine.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- Apple, Inc., Fitbit, Garmin Ltd., Koninklijke Philips N.V., Omron Corp., Withings, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Smart Wearable Healthcare Devices Market Report by Segment

By Product

• Diagnostic Devices
• Therapeutic Devices

By Type

• Handheld
• Headband
• Strap & Bracelet
• Shoe Sensors
• Others

By Application

• Remote Patient Monitoring
• Home Healthcare
• Sports & Fitness

Global Smart Wearable Healthcare Devices Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa