Market Overview:
The global smart health trackers market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fitness and wellness devices, growing awareness about the benefits of using health trackers, and technological advancements in smart health trackers. The global smart health trackers market is segmented on the basis of type, application, and region.
Product Definition:
Smart health trackers are devices that help people to keep track of their physical activity, heart rate, calorie intake and other health metrics. Smart health trackers can also wirelessly connect to smartphones and other devices to provide users with feedback on their progress. The importance of smart health trackers is that they can help people to improve their overall physical fitness and well-being.
Basic:
Basic is a new, open-source platform for developing wearable health trackers. It was developed by the Global Health and Medical Devices Innovation Center (GHMMI) at the University of California San Francisco in conjunction with other universities and institutes including Partners HealthCare, OMRON Corporation, IBM Corporation, Intel Corporation and others.
Sleep Measurement Included:
The global smart health trackers market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this industry includes increasing incidences of sleep disorders among people globally. Lack of sleep has been recognized as a public health issue and it can cause numerous adverse effects on mental and physical health, making it more susceptible to chronic diseases such as diabetes, obesity, stroke, hypertension, Alzheimer’s disease and cancer.
Application Insights:
The adults segment accounted for the largest share in 2016 and is expected to continue leading over the forecast period. The growing geriatric population across the globe is one of the major drivers for this growth. As per United Nations, there will be approximately 1.7 billion people aged 60 or above by 2030, which in turn is expected to drive demand over next nine years from 2017 to 2030.
The children segment was estimated at USD 175 million in 2016 and is projected to grow at a CAGR of XX% from 2017 to 2030 owing to rising incidences of obesity among children as well as infant mortality rate globally has increased significantly since past few decades mainly due these factors; therefore, tracker devices are being used by parents worldwide for better tracking.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments by prominent players, such as Apple Inc.; Google LLC; and Samsung Electronics Co., Ltd., in developing smart health trackers for fitness tracking and medical applications. Moreover, growing awareness regarding personal health among individuals of this region is anticipated to propel regional growth over the forecast period.
Asia Pacific is expected to witness lucrative growth over the next eight years owing to rising disposable income levels coupled with improving healthcare infrastructure in emerging economies of India and China. In addition, increasing adoption of wearable devices due to their utility in tracking various activities undertaken by users will drive demand for smart health trackers during the forecast period from 2018 to 2030 (see Table 1). Furthermore, government initiatives aimed at creating a healthy lifestyle among population are also contributing toward regional growth (see Table 2).
Growth Factors:
- Increasing demand for preventive healthcare: The global population is aging and the prevalence of chronic diseases is increasing. This has led to an increased demand for preventive healthcare services. Smart health trackers can help people stay healthy by tracking their physical activity, heart rate, sleep patterns, and other health parameters.
- Rising awareness about the benefits of smart health trackers: There is a growing awareness about the benefits of using smart health trackers among consumers worldwide. This has led to an increase in the adoption of these devices by people across all age groups.
- Technological advancements: The development of new technologies has helped in the growth of the smart health tracker market. For instance, Bluetooth Low Energy (BLE) technology helps reduce power consumption in devices such as fitness bands and allows them to be connected with smartphones over a longer distance range than traditional Bluetooth technology does . This helps users keep a tab on their fitness data even when they are away from home or office .
- . Growing popularity of wearable devices: Wearable devices are becoming increasingly popular among consumers due to their portability and convenience . Smart health trackers are a subset of wearable devices that monitor various aspects related to human health such as physical activity, heart rate, sleep patterns , etc .. Thus , growing demand for wearable devices is expected to drive growth in th e global smart healt h tracker market during th e forecast period .
- . Increasing disposable income : A rise in disposable income levels around t
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Health Trackers Market Research Report
By Type
Basic, Sleep Measurement Included, Heart Rate Tracking Included, GPS Included, All Features Included
By Application
Adults, Children, Seniors
By Companies
Apple, Samsung, Fitbit, Garmin, Amazfit, WHOOP, Withings, Coros, HUAWEI, Oppo, Xiaomi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Smart Health Trackers Market Report Segments:
The global Smart Health Trackers market is segmented on the basis of:
Types
Basic, Sleep Measurement Included, Heart Rate Tracking Included, GPS Included, All Features Included
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Adults, Children, Seniors
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apple
- Samsung
- Fitbit
- Garmin
- Amazfit
- WHOOP
- Withings
- Coros
- HUAWEI
- Oppo
- Xiaomi
Highlights of The Smart Health Trackers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Basic
- Sleep Measurement Included
- Heart Rate Tracking Included
- GPS Included
- All Features Included
- By Application:
- Adults
- Children
- Seniors
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Health Trackers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Health Trackers are wearable devices that track a person's physical activity, sleep habits, and other health data. They can help people to better understand their health and make healthier choices.
Some of the major companies in the smart health trackers market are Apple, Samsung, Fitbit, Garmin, Amazfit, WHOOP, Withings, Coros, HUAWEI, Oppo, Xiaomi.
The smart health trackers market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Health Trackers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Health Trackers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Health Trackers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Health Trackers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Health Trackers Market Size & Forecast, 2020-2028
4.5.1 Smart Health Trackers Market Size and Y-o-Y Growth
4.5.2 Smart Health Trackers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Basic
5.2.2 Sleep Measurement Included
5.2.3 Heart Rate Tracking Included
5.2.4 GPS Included
5.2.5 All Features Included
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Adults
6.2.2 Children
6.2.3 Seniors
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Health Trackers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Health Trackers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Basic
9.6.2 Sleep Measurement Included
9.6.3 Heart Rate Tracking Included
9.6.4 GPS Included
9.6.5 All Features Included
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Adults
9.10.2 Children
9.10.3 Seniors
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Basic
10.6.2 Sleep Measurement Included
10.6.3 Heart Rate Tracking Included
10.6.4 GPS Included
10.6.5 All Features Included
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Adults
10.10.2 Children
10.10.3 Seniors
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Basic
11.6.2 Sleep Measurement Included
11.6.3 Heart Rate Tracking Included
11.6.4 GPS Included
11.6.5 All Features Included
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Adults
11.10.2 Children
11.10.3 Seniors
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Basic
12.6.2 Sleep Measurement Included
12.6.3 Heart Rate Tracking Included
12.6.4 GPS Included
12.6.5 All Features Included
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Adults
12.10.2 Children
12.10.3 Seniors
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Basic
13.6.2 Sleep Measurement Included
13.6.3 Heart Rate Tracking Included
13.6.4 GPS Included
13.6.5 All Features Included
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Adults
13.10.2 Children
13.10.3 Seniors
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Health Trackers Market: Competitive Dashboard
14.2 Global Smart Health Trackers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Samsung
14.3.3 Fitbit
14.3.4 Garmin
14.3.5 Amazfit
14.3.6 WHOOP
14.3.7 Withings
14.3.8 Coros
14.3.9 HUAWEI
14.3.10 Oppo
14.3.11 Xiaomi
