The surge in health
consciousness followed by a luxurious lifestyle among the consumers will
significantly have an impact on the Wrist Wearable Devices Market in the coming years according to a
market study from IndustryARC. The wrist wearable devices refer to the specific category of
devices in the wearable devices market that can be worn on the wrist. These
devices are battery operated devices with various sensors integrated into them
for carrying out specific monitoring and tracking activities. The report on Wrist
Wearable Devices Market has
segmented the entire market based on types of products, applications, and
geography for an in-depth analysis.
Based on products, the wrist wearable devices market has been classified into four key
categories including Activity Trackers, Healthcare Monitors, Lifestyle Bands
and Infotainment Devices while the emerging wrist wearable devices with niche
market has been segmented into a separate section as Others. These categories
are further sub-classified consisting of several products. The activity
trackers comprises of sports and fitness trackers while healthcare monitors
consists of blood glucose monitors, blood pressure monitors, hear rate
monitors, pulse oximeters and many others. Lifestyle bands category contains
smart bands, wrist chargers and sun-exposure monitors as the key products while
the infotainment devices has been segmented into smart watches, wearable
keyboard, wearable computer, and wrist-worn music players. The total market for
these devices is projected to grow from $11.5 billion in 2014 to $35.8 billion
by 2020with a CAGR of 19.2% for the forecast period 2015-2020.
Table of contents and insights:
Global Wrist Wearable Devices Market Revenue, By Years, 2013-2020 ($M)
SOURCE: IndustryARC Analysis and Expert
Insights
The net market for wrist wearable devices
has also been classified into geographic regions including the Americas,
Europe, Asia-Pacific, and Rest of the World (RoW) to provide an extensive
overview. These regions are further segmented into countries having a prominent
share in the Global Wrist Wearable Devices Market.
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Wrist Wearable Healthcare
Monitors employ MEMS-based
body sensors for measuring several biometric parameters such as: heart beats,
blood pressure, blood glucose, body temperature and many others. The sensors
embedded in these devices periodically diagnosis these parameters either
automatically or through the user intervention. Healthcare
monitoring is a
notable segment for wrist wearable devices market with high growth prospects in
the future primarily due to the rising health concern and awareness and surging
expenditure on medical diagnosis.
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