Wearable Tracking Devices Market Growing Exponentially as Increased Prevalence of Lifestyle Diseases Like Diabetes And Obesity By 2027
Maharashtra
Pune, Maharashtra – December 18, 2018 /MarketersMedia/ —
Wearable Tracking are those devices which help in monitoring and tracking the fitness of the people who are wearing it. These are the accessories, integrating advanced electronic technologies and provide the result related to distance walked or run, calorie consumption, and in some cases heartbeat and quality of sleep. Now a day’s companies introduced different types of devices which can be worn at foot, wrist, and eyes. Today, people are using various kinds of networking devices in order to learn more about their health. Rapid technical advancement in motion sensors has improved the results of wearable tracking devices.
Now a days there are the huge demands for the Wearable tracking devices due to increased prevalence of different lifestyle diseases such as diabetes & obesity, which requires continuous monitoring and increasing use of advances and portable devices in sports analytics. According to WHO, in 2014 more than 8.5% of global population were suffering from diabetes and will increase in coming years.
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Global Wearable Tracking Devices Market – Major Vendors
Some of the major market players are
Adidas (Germany)
Gramin Ltd (Switzerland)
Apple Inc (US)
Pebbel Technology Corp (US)
Samsung Electronics Co Ltd (South Korea)
Sony (Japan)
Fitbit, Inc. (US)
Google Inc. (US)
Xiaomi Technology Co., Ltd. (China)
Global Wearable Tracking Devices Market – Segmentation
The Global Wearable Tracking Devices Market is segmented on the basis of types, application, sales channel, and end-user. The global wearable tracking devices market, by type, is segmented into Wrist wear, Footwear and other. The wrist wear segment includes Fitness Bands and Smart watch. The Application segment is segmented into Healthcare, Consumer electronics, and others. Sales Channel segment consists of online and offline. On the basis of end-user, the market is categorized into Sportsperson, Patients, and Others. On the basis of region, the Global wearable tracking devices Market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas is sub-segmented into North America and South America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.
Global Wearable Tracking Devices Market – Regional Outlook
The market of the wearable tracking devices is much higher in the Americas region. There is a huge population which is suffering from chronic disease such as diabetes, obesity and also better awareness of healthcare increase the demand of wearable tracking devices market in this region. The WHO estimated that diabetes leads to 1.6 million deaths in 2015 and it is the major causes of blindness, kidney failure, heart attacks, stroke, and lower limb amputation. These huge patient population drag the attention of players towards the wearable tracking devices market.
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Asia Pacific and the Middle East and Africa region are considering the big market. Whereas country like India and china of Asia Pacific region are one of the fastest growing regions owing to the presence of huge population and also willing to invest in better treatment or fitness technology. Additionally, countries from this region looking forward to adopting advanced technology and treatment from developed nation in order to minimize the gap between demands and supplies of the products. Whereas the Middle East and Africa are the low market due to his incapability of investment.
Europe is also considering the huge market for wearable tracking devices market players, owing to present of huge population affected with chronic disease. Moreover, Government support to enhance the treatment and fitness technology help them in capturing global market shares.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
Continued….
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