Stratview Research has published a new report titled “Wearable Smart Device Market” which is segmented by Device (Smart Watch, Wrist Bands, Medical Devices, Fitness Trackers, Sports Watches, Activity Monitors, and Others), Application (Identification Tracking, Fitness Wellness, Medical Diagnosis Treatment, Safety Security, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World). As per the study, the wearable smart device market size was valued at USD 68.82 billion in 2021 and is likely to grow at a CAGR of 14.7% during 2022-2028 to reach USD 180.3 billion in 2028.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis –

Based on the application segment, the wearable smart devices market is segmented into identification tracking, fitness wellness, medical diagnosis treatment, safety security, and others. Fitness wellness segment accounted for the largest market share in 2021 due to the rise in demand for healthy activities among consumers.

Which Region is expected to remain the largest market?

North America accounted for the largest market share of more than 33.33% in 2021, owing to the presence of well-established players in the market, and increase government expenditure on the healthcare industry coupled with advanced and well-developed healthcare infrastructure.

However, the Asia Pacific region is anticipated to witness the highest CAGR during the forecast period due to growing disposable income, and increasing government on healthcare in growing emerging economies such as China, and India.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Wearable Smart Device Market:

• Apple Inc.,
• LG Electronics Inc.,
• Sony,
• Fitbit Inc.,
• Adidas Group,
• Garmin Ltd.,
• Xiaomi Technology Co. Ltd.,
• Misfit Inc.,
• Lifesense Group, and
• Samsung Electronics Co. Ltd.

Key questions answered by the report

• What is the projected CAGR for revenue from the Wearable Smart Device Market during the forecast period?
• What would be the market be valued at by 2027?
• What is a major driving factor for growth of the market?
• Which region accounted for largest revenue share in the Wearable Smart Device Market?
• Which are the major market players?

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