Wearables Market Size
Wearables in healthcare include medical devices that customers can wear such as activity trackers smartwatches etc. Listen to Audio Version The global wearable medical devices market size was USD 2976 billion in 2019 and is projected to reach USD 19557 billion by 2027 exhibiting a CAGR of 264 during the forecast period.
FRAMINGHAM Mass December 2 2020 The global wearables market grew 351 year over year during the third quarter of 2020 3Q20 with total shipments reaching 125 million units according to new data from the International Data Corporation IDC Worldwide Quarterly Wearable Device Tracker.
Wearables market size. The global smart wearable device market stood at revenue around USD 162 Billion in year 2016 and is expected to reach at a valuation around USD 525 Billion by the end of 2024. Wearable Technology Market size in 2015 was valued at 19633 million growing at CAGR of 162 to reach 57653 million by 2022. The shipment volume of smart wearables globally stood at 2663 million units in 2020 and is projected to reach 77623 million units by 2026 registering a CAGR of 1948 during the period of 2021-2026.
1 2021 at 728 am. The global industrial wearables market size has been significantly impacted by the COVID-19 outbreak. Global Smart Wearables Historic Market 2015 2019 Billion 311.
Enterprise wearables device is the technology that enables industries to provide advanced high-end user experience to their employees while performing the tasks. The Consumer Smart Wearables market study now available with Market Study Report LLC delivers a concise outlook of the powerful trends driving market growth. Wearable technology market has witness increased adoption owing to factors such as ease of use flexibility and convenience.
The industrial wearables market was valued at 289 billion in 2019 and is expected to grow at an annual average of 15 from 2021 to 2027 reaching 86 billion by 2027. Global Enterprise Wearables Market was valued at 3232 million in 2016 and is projected to reach at 32418 million by 2023 growing at a CAGR of 388 from 2017 to 2023. The global wearable technology market size was valued at USD 3263 billion in 2019 and is projected to expand at a compound annual growth rate CAGR of 159 from 2020 to 2027.
Global Smart Wearables Market size has covered and analyzed the potential of worldwide market industry and provides statistics and information on market dynamics market analysis growth factors key challenges major drivers restraints opportunities and forecast. Wearables Market - Global Wearables Industry Size Share Value Trends Segments and Forecast 2015 to 2025 The global wearables market is anticipated to witness significant growth in the coming years owing to high adoption of smart phones and increasing mobile applications. The growing popularity of the Internet of Things IoT and connected devices and rising technically sound population is expected to drive the demand.
IT Intelligence Market Has launched a report on the Smart Wearables Market 2021 that reveals an in-depth outline of this vertical line of business during the forecast period. Market Size Forecast. The industrial wearables market was valued at 289 billion in 2019 and is expected to grow at an annual average of 15 from 2021 to 2027 reaching 86 billion by 2027.
Wearable Medical Devices Market size was valued at over USD 9 billion in 2018 and is expected to witness 394 CAGR from 2019 to 2025Growing awareness initiatives and implementation of fitness programs globally especially in emerging nations will accelerate the adoption of wearable medical devices to manage physical activities. This report includes prominent industry drivers and provides an accurate analysis of key growth trends and market prospects in addition to the competitive tiers of this area. Press Release Medical Wearables Market Size 2020 Driving Factors Industry Growth Key Vendors and Forecasts to 2027 Published.
New projects throughout the world have been stalled which in turn has declined the market growth. This report also includes valuable information pertaining to market share market size revenue forecasts regional landscape and SWOT analysis of the industry. Global smart wearable devices market is anticipated to flourish at a robust compound annual growth rate CAGR of 16 during the forecast period.
The wearables market is set to treble in size in the next five years and become worth over 25 billion according to industry analyst firm CCS Insight. 11 2021 PRNewswire -- The global wearable medical devices market size is expected to reach USD 1119 billion by 2028 according to a new report by Grand View Research Inc. Smart Wearables Market Size And Growth 31.
