Global Wearable Tracking Devices Market – Regional Analysis
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 region 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 adopt 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.
Global Wearable Tracking Devices Market – Major Key Players
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).
Companies are continually inventing new products to capture the market globally. Thus, major players invest more in research and development activity, in order to lead the global market. In this regards, Garmin International Inc., in 2016, announced the Forerunner 35, its newest GPS-enabled running watch with built-in Garmin Elevate wrist-based heart rate1 technology that allows runners to monitor their heart rate 24/7 without a chest strap. It helps to track runner that how fast and far they are running and where they are running. This advanced technology allows users to run without a phone. Companies are investing more into research and development in order to develop quality and advance products, which help them to lead the global market.
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Global Wearable Tracking Devices Market – Highlights
The Global Wearable Tracking Devices Market is expected to grow during the forecast period. The wearable tracking devices allow the users to monitor their health and physical activity. These devices can be worn on body 24*7, and the device continuously records your vitals accurately like heart rate, quality of sleep, step count and others. The growing trend of wearable fitness tracking device among the young generation is the key factor for the market to grow. Furthermore, the increasing prevalence of cardiovascular diseases, rising obesity rates, the rise of fitness consciousness among the old population, increasing demand for sophisticated technology devices, and modernization of lifestyle fuel the market growth.
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 Wristwear, Footwear and other. The wristwear segment includes Fitness Bands and Smartwatch. 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.
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Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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