Pune, Aug. 04, 2022 (GLOBE NEWSWIRE) -- The Global fitness trackers market is expected to clock ~US$ 159.74 billion by 2030, owing to increased health consciousness amongst the population and growing healthcare expenditure, states Growth Plus Reports.
Growth Drivers
The global fitness trackers market is growing significantly because of the increased health consciousness amongst the general population and also the surge in participation in sports activities. The addition of fitness tracker features in smartwatches has increased its demand tremendously over the years. Furthermore, rising per capital healthcare expenditure, rising investment in cutting-edge technology by many key players such as advancements in the materials used in the production of fitness trackers to improve product performance; and improved healthcare infrastructure are expected to boost the global fitness trackers market.
The global fitness trackers market has been analyzed from four different perspectives – Type, Application, Distribution Channel, and Region.
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Report Scope & Segmentation:
| Report Coverage | Details |
| Market Size in 2021 | USD ~ 37.43 billion |
| Revenue forecast in 2030 | USD ~ 159.74 billion |
| Growth Rate | CAGR of ~ 17.5% from 2022 to 2030 |
| Base year for estimation | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | Type, Application, Distribution Channel |
| Regional scope | North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
Excerpts from ‘By Type Segmentation’
Based on type, the global fitness trackers market has been divided into:
- Smartwatches
- Smartglasses
- Fitness Bands
- Smart Clothing
It has been analyzed that the smartwatch segment is dominating the fitness tracker market because of its many benefits such as offering crucial health metrics and disease-related information. This information helps medical professionals overcome obstacles like figuring out how a new treatment would affect a patient or continuously tracking a patient's recovery after surgery. On the other hand, smart clothing and smart glasses are anticipated to show moderate growth in the forecast period. Although these devices have highly advanced techniques to sense the heartbeat, pulse rate, etc, their adoption is relatively low as compared to smartwatches. Whereas, the fitness bands segment has grown over the years because of the low cost of these devices and continuous development in the features.
Excerpts from ‘By Region Segmentation’
The global fitness trackers market has been segmented into:
- North America
- Europe
- Asia Pacific
- Rest of the World
With the increasing prevalence of chronic diseases in countries such as the United States and Canada, North America is expected to become the dominant region in the global fitness trackers market. The presence of major market players in these countries is also expected to contribute to the growth of the North American fitness trackers market.
As smart devices become accepted by diverse demographics in Western Europe, Europe is expected to offer favorable growth opportunities for the global fitness trackers market.
In the Asia Pacific region, the global fitness trackers market is expected to grow strongly as demand for fitness trackers products increases among the younger population in countries such as India. Also, a rise in disposable incomes and e-commerce penetration is responsible for market growth.
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Excerpts from ‘Competitive Landscape’
The prominent players operating in the global fitness trackers market are:
- Garmin Ltd
- Apple Inc
- Fitbit Inc. (Google)
- Nike Inc
- Casio Computer Co. Ltd
- Xiaomi Corp
- Adidas Inc
- Samsung Group
- Hexoskin
- Catapult
- Among others
Table of Content:
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trend (COVID-19 Perspective)
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- GLOBAL FITNESS TRACKERS MARKET - ANALYSIS & FORECAST, BY DEVICE TYPE
- Smartwatches
- Smart Glasses
- Fitness Bands
- Smart Clothing
- Others
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
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About Us:
Growth+Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).
Growth+ portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.
We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020.
