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Wrist Wearable Devices Market Expects Asia-Pacific to be Next Big Growth Driver

Wrist Wearable Devices Market Expects Asia-Pacific to be Next Big Growth Driver

Wrist Wearable Devices Market, Spurred by Rising Health Awareness & Disposable Income, Set to Register Significant Growth Till 2022.

Wearables can be described as intelligent electronic devices that can be attached to a body part (usually the wrist) in the form of an implant or accessory. Devices like the activity tracker and the smartwatch are designed in such a way that their functions and features are taken into account. Wearable technology such as fitness tracking devices serve as an excellent example of the latest that the Internet of Things can provide. The fitness band consists the latest gadgets in the form of sensors, software and mobile connectivity to enable the smooth flow of information between the device, manufacturer, and user without any human interference at any step. So far, wearable devices have carved out a piece of the market for themselves by attracting interest as fitness or health trackers. Thus, the Wrist Wearable Devices Market is well positioned to register a health amount of growth during the forecast period of 2017-2022.

Scope & Regional Forecast of the Wrist Wearable Devices Market

The Wrist Wearable Devices Market has, so far, primarily served the needs of the healthcare industry in the form of wearable fitness technology. The prime growth drivers for wearable technology are: tracking a patient’s physical activity through fitness tracking devices; gaining a more complete picture of a patient’s day-to-day health with a fitness tracker; and to serve as a more convenient and mobile form of accessing entertainment or information services.

Currently, the Wrist Wearable Devices Market is dominated by demand emanating from South and North America. As the medical infrastructure in this region is relatively advanced, the demand for wearable devices is high. Medical professionals are eager to access a patient’s record in a convenient and accurate manner. It is followed by Asia-Pacific and Europe in the stakes for the highest market share. The leading manufacturer for smartwatch models has been China owing to its cheap labour and the production incentives provided by the local governments.

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Segmentations & Key Players Involved in the Wrist Wearable Devices Market

The Wrist Wearable Devices Market can be broken down into various segmentations on the basis of –

Electronic Component: Display (OLED Display, LCD Display, E-Paper Display), Memory, Optoelectronic Components, Processors, Sensors and Wireless Communication Modules.

Product: Activity Trackers, Helathcare Monitors (Blood Glucose Monitors, Blood Pressure Monitors, Heart Rate Monitors, Location Trackers, Pulse Oximeter, Wrist Worn Anti-Snoring Devices, Epileptic Seizure Monitors), Lifestyle Bands (Smart Bands, Sun Exposure Monitors, Wrist Chargers), Infotainment Devices and Others.

Application: Healthcare, Information Control, Entertainment, Lifestyle and Wellness and Sports and Fitness.

Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.

Some of the key players involved in the Wrist Wearable Devices Market are as follows:

  • Apple Inc.

  • Garmin Corporation

  • Metawatch Ltd.

  • Pebble Technology Corporation

  • Samsung

  • Razer Inc.

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* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.

* Identifies growth sectors and factors driving or constraining the market.

* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.

* The study includes the demand of this particular market on a global and regional scale for a five year period of 2017 – 2022, to assess how the market will develop.

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