Smart Wearable Healthcare Devices and Services Market Trends, Size, Analysis and Overview

Smart Wearable Healthcare Devices and Services Market Analysis,
Share and Size, Emerging Trends, Overview and Outlook, Growth And
Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report Global Smart Wearable Healthcare Devices
and Services Market 2016-2020
Technavio recognizes the following companies as the key players in the global smart wearable
healthcare devices and services market: Apple, Fitbit, Google, Samsung, AT&T, EE, Sprint, and
Telefónica.
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Other Prominent Vendors in the market are: 3L Labs, 9 Solutions, Amiigo, BTS Bioengineering, Cool Shirt
Systems, Esko Bionics, Finis, Fitbug, Force Impact Technologies, Geopalz, IMEC, KMS, Moticon, Myontec,
Netatmo, Nuubo, Owlet, Phyode, Pixie Scientific, Preventice, RSLSTEEPER, Sensecore, Sensible Baby,
Sentimoto¸ Sentimoto, Sproulting, Sunfriend, Touch Bionics, Vancive Medical Technologies¸ Xybermind,
and Zoll Medical.
Commenting on the report, an analyst from Technavio’ s team said: “Increased use of healthcare apps
will be a key trend for market growth. Several wearable healthcare device manufacturers such as Apple,
Google, and Samsung are producing various health apps for diseases such as diabetes. These apps can
be easily synchronized with wearable devices and used to monitor blood sugar content. In addition,
many apps such as Health Mate, DailyBurn, Pocket Yoga, Argus, Beddit, Fjuul, Strava Running and
Cycling, Foodzy, and Sleepio are available in the market, which can be used to monitor heart and pulse
rates, and the calorie content of the body. The evolution and upgrading of smart wearable healthcare
devices will increase the number of health apps.”
According to the report, one of the key drivers for market growth will be increasing consumer health
consciousness. The steady growth of the aging population and the increase in the incidence of diseases
along with higher healthcare costs are major concerns in today's world. However, people are gradually
becoming concerned about and aware of their health. The increased health consciousness among
people is reflected in the rapid growth in the demand for hygienic foods, gym memberships, healthy
nutrition, and diet programs, and in the use of mobile health applications. Also, increased health
consciousness is likely to continue to drive the demand in the market.
Further, the report states that high power consumption of devices will be a challenge for the market.
Most of the wearable healthcare devices function on GPS, wireless networks, and M2M technology. The
battery life of the fitness devices is very low because the power consumption of the technologies used in
these devices is very high. This high power consumption severely affects the duration of use. The
lifespan of Google Glass battery, for instance, is for 4-8 hours while in intensive use. Short battery life
and high power consumption of wearable devices is a factor restraining its use and adoption and is likely
to hinder the growth prospects of the market during the forecast period.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Smart Wearable Healthcare Devices
Smart wearable healthcare devices are portable devices that can be fastened to the body of a user to
monitor real-time fitness, heart rate, sleep statistics, calorie intake, and provide valuable health insights.
The mechanism of smart wearable devices is similar to smartphones and tablets. A smart wearable
device can be easily synchronized with smartphones and tablets of users to enhance accessibility.
Technavio’ s analysts forecast the global smart wearable healthcare devices and services market to grow
at a CAGR of 18.51% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart wearable
healthcare devices and services market for 2016-2020. To calculate the market size, the report considers
the revenue generated from smart wearable healthcare services and revenue generated by smart
wearable devices.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Smart Wearable Healthcare Devices and Services Market 2016-2020, has
been prepared based on an in-depth market analysis with inputs from industry experts. The report
covers the market landscape and its growth prospects over the coming years. The report also includes a
discussion of the key vendors operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

According to the report, one of the key drivers for market growth will be increasing consumer health consciousness. The steady growth of the aging population and the increase in the incidence of diseases along with higher healthcare costs are major concerns in today's world.