Growing demand for Wearable Healthcare Devices during COVID-19 pandemic, increasing personal health monitoring, healthy life style orientation, fitness awareness and other factors are to lead Smart Wearable Healthcare Devices Market growth.
JERSEY CITY, N.J., April 19, 2022 /PRNewswire/ — Verified Market Research recently published a report, “Smart Wearable Healthcare Devices Market” By Product (Blood Glucose Meter, Blood Pressure Monitor, Heart Detector), By End-User (Children, Adults, The Old Aged), and By Geography. According to Verified Market Research, the Global Smart Wearable Healthcare Devices Market size was valued at USD 13.8 Billion in 2020 and is projected to reach USD 37.4 Billion by 2028, growing at a CAGR of 13.1% from 2021 to 2028.
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Global Smart Wearable Healthcare Devices Market Overview
Smart Wearable devices will become more popular shortly as a result of their numerous features, technological advancements, and wide range of uses in remote healthcare settings and at home. Wearable Healthcare gadgets are in high demand due to the prevalence of numerous chronic diseases such as diabetes and cardiovascular problems. As the prevalence of these diseases rises, so does the use of continuous monitoring devices. Furthermore, technological advancements that allow users to be more mobile and connected have enhanced product sales in recent years. This has provided the healthcare industry with unique patient and illness management options. The ability of Smart wearable technologies to improve patient care quality while lowering costs will drive overall market growth.
During the pandemic, the market for Smart wearable Healthcare Devices has seen a moderately beneficial influence. With the increased use of innovative technologies to meet expanding client expectations, the industry is expected to experience unprecedented growth. Smart wearable technologies have made it easier for patients and professionals to maintain their health in remote locations. Daily health tracking devices have seen growing demand in home settings as the focus on health management has intensified during COVID-19. Furthermore, during a time when there were restrictions on movement and significant danger of infection in institutions, these devices provided an effective real-time monitoring option for chronic disease patients.
In addition, the capacity of fitness trackers, temperature monitors, and respiratory monitors to measure and monitor blood oxygen levels and body temperature has aided market demand. Customers can use activity trackers to track their fitness over time. Personal health data can be accessed on smartphones via Bluetooth connectivity with bands and watches. Increased acceptance of connected technological devices, such as smartwatches with fitness trackers, will drive the market ahead.
- In September 2020, Apple has launched the Apple Watch Series 6, which includes a new blood oxygen sensor that allows users to track accurate facts about their overall health. This has widened the company’s portfolio while also contributing to revenue growth.
The major players in the market are Apple, AT&T, Cyber dyne, Google, I Health Labs, Samsung Electronics, Sprint, Telefonica, T-Mobile US, Vendors to Watch Out.
Verified Market Research has segmented the Global Smart Wearable Healthcare Devices Market On the basis of Product, End-User, and Geography.