Market Overview:
The global smart wellness market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart devices and growing awareness about the benefits of using these devices. The market is segmented on the basis of type, application, and region. On the basis of type, it is divided into Bluetooth connectivity and Wi-Fi connectivity segments. Bluetooth connectivity held a larger share in 2017 owing to its low cost and easy installation as compared to Wi-Fi connectivity.
Product Definition:
Smart wellness is the use of technology to monitor and improve your physical, emotional and mental well-being. The importance of smart wellness is that it can help you track your progress over time, identify areas where you need to make changes and provide support when needed.
Bluetooth Connectivity:
Bluetooth connectivity is a wireless technology for connecting two devices, one an external device and the other an input or output of a connected device. Bluetooth allows establishing connection between fitness band and smartphone apps, which can be used to monitor health-related data.
Wi-Fi Connectivity:
Wi-Fi connectivity is the wireless technology used in mobile devices, computers, and other electronic products to connect to the internet. It allows real-time sharing of information over short distances. Wi-Fi has become an integral part of our daily lives; it enables seamless communication across various platforms such as laptops, tablets, smartphones and smartwatches from different manufacturers.
Application Insights:
The hospital segment dominated the global smart wellness market in 2017 and is expected to maintain its dominance over the forecast period. The growing prevalence of chronic diseases, such as heart diseases, cancer, respiratory problems and diabetes across the globe has led to an increase in demand for well-integrated healthcare solutions.
The individual users segment is expected to register a significant CAGR of XX% from 2018 to 2030 owing to increasing adoption of wearable devices that monitor physical activity levels and nutritional intake by individuals. Furthermore, rising awareness regarding calorie consumption targets among individuals suffering from obesity will boost product adoption over the forecast period.
Smart wellness products are integrated with various other services such as remote monitoring via smartphone application for patients who have been admitted into hospitals or are undergoing medical treatments along with real-time analytics that provide insights about patient¢â‚¬â„¢s health trends thereby improving overall care delivery processes at respective institutions or facilities where these products are implemented.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of players, high adoption rate, and wide usage across various applications. Moreover, increasing cases of chronic diseases are also expected to drive regional demand over the forecast period. For instance, according to CDC’s National Center for Health Statistics (NCHS), in 2016 about 29% of adults suffered from obesity during their lifetime while approximately 33% were obese at some point during their life span.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as improving internet connectivity and rising disposable income especially among middle-class population groups in countries including China and India who have higher purchasing power than others in respective economies.
Growth Factors:
- Increasing awareness about the benefits of smart wellness products and services.
- Rising demand for personalized health care and fitness solutions.
- Proliferation of innovative technology-based smart wellness products and services.
- Growing popularity of healthy lifestyle trends among consumers worldwide.
- Rapid expansion of e-commerce platforms that offer a wide range of smart wellness products and services
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Wellness Market Research Report
By Type
Bluetooth Connectivity, Wi-Fi Connectivity
By Application
Hospital, Individual Users
By Companies
Apple, Samsung Electronics, Omron Healthcare, McKesson, Philips Healthcare, GE Healthcare, Draeger Medical Systems, Fitbit, Abbott, Medtronic
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Smart Wellness Market Report Segments:
The global Smart Wellness market is segmented on the basis of:
Types
Bluetooth Connectivity, Wi-Fi Connectivity
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
Hospital, Individual Users
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 Electronics
- Omron Healthcare
- McKesson
- Philips Healthcare
- GE Healthcare
- Draeger Medical Systems
- Fitbit
- Abbott
- Medtronic
Highlights of The Smart Wellness 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:
- Bluetooth Connectivity
- Wi-Fi Connectivity
- By Application:
- Hospital
- Individual Users
- 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 Wellness 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.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 Wellness is a term used to describe the use of technology and data to improve peopleu2019s health. It can encompass everything from tracking physical activity levels, eating habits, and medication adherence to providing personalized feedback on these behaviors. Smart Wellness can also include using artificial intelligence (AI) or machine learning algorithms to identify patterns in patient data that may indicate potential health problems. Once identified, this information could then be used by healthcare providers or other professionals to provide more targeted care and support.
Some of the major players in the smart wellness market are Apple, Samsung Electronics, Omron Healthcare, McKesson, Philips Healthcare, GE Healthcare, Draeger Medical Systems, Fitbit, Abbott, Medtronic.
The smart wellness market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Wellness 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 Wellness Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Wellness 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 Wellness 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 Wellness Market Size & Forecast, 2018-2028
4.5.1 Smart Wellness Market Size and Y-o-Y Growth
4.5.2 Smart Wellness Market Absolute $ Opportunity
Chapter 5 Global Smart Wellness 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 Smart Wellness Market Size Forecast by Type
5.2.1 Bluetooth Connectivity
5.2.2 Wi-Fi Connectivity
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Wellness 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 Smart Wellness Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Individual Users
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Wellness 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 Wellness 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 Smart Wellness Analysis and Forecast
9.1 Introduction
9.2 North America Smart Wellness 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 Smart Wellness Market Size Forecast by Type
9.6.1 Bluetooth Connectivity
9.6.2 Wi-Fi Connectivity
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 Smart Wellness Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Individual Users
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 Smart Wellness Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Wellness 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 Smart Wellness Market Size Forecast by Type
10.6.1 Bluetooth Connectivity
10.6.2 Wi-Fi Connectivity
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 Smart Wellness Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Individual Users
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 Smart Wellness Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Wellness 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 Smart Wellness Market Size Forecast by Type
11.6.1 Bluetooth Connectivity
11.6.2 Wi-Fi Connectivity
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 Smart Wellness Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Individual Users
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 Smart Wellness Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Wellness 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 Smart Wellness Market Size Forecast by Type
12.6.1 Bluetooth Connectivity
12.6.2 Wi-Fi Connectivity
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 Smart Wellness Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Individual Users
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) Smart Wellness Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Wellness 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) Smart Wellness Market Size Forecast by Type
13.6.1 Bluetooth Connectivity
13.6.2 Wi-Fi Connectivity
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) Smart Wellness Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Individual Users
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 Wellness Market: Competitive Dashboard
14.2 Global Smart Wellness Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Samsung Electronics
14.3.3 Omron Healthcare
14.3.4 McKesson
14.3.5 Philips Healthcare
14.3.6 GE Healthcare
14.3.7 Draeger Medical Systems
14.3.8 Fitbit
14.3.9 Abbott
14.3.10 Medtronic
