The surge in health consciousness followed by a luxurious lifestyle among the consumers will significantly have an impact on the wrist wearable devices market in the coming years according to a market study from IndustryARC. The wrist wearable devices refer to the specific category of devices in the wearable devices market that can be worn on the wrist. These devices are battery operated devices with various sensors integrated into them for carrying out specific monitoring and tracking activities. The report on Wrist wearable devices market has segmented the entire market based on types of products, applications, and geography for an in-depth analysis.
Based on products, the wrist wearable devices market has been classified into four key categories including Activity Trackers, Healthcare Monitors, Lifestyle Bands and Infotainment Devices while the emerging wrist wearable devices with niche market has been segmented into a separate section as Others. These categories are further sub-classified consisting of several products. The activity trackers comprises of sports and fitness trackers while healthcare monitors consists of blood glucose monitors, blood pressure monitors, hear rate monitors, pulse oximeters and many others. Lifestyle bands category contains smart bands, wrist chargers and sun-exposure monitors as the key products while the infotainment devices has been segmented into smart watches, wearable keyboard, wearable computer, and wrist-worn music players. The total market for these devices is projected to grow from $11.5 billion in 2014 to $35.8 billion by 2020with a CAGR of 19.2% for the forecast period 2015-2020.
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The net market for wrist wearable devices has also been classified into geographic regions including the Americas, Europe, Asia-Pacific, and Rest of the World (RoW) to provide an extensive overview. These regions are further segmented into countries having a prominent share in the global wrist wearable devices market.
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Wrist Wearable Healthcare Monitors employs MEMS-based body sensors for measuring several biometric parameters such as: heart beats, blood pressure, blood glucose, body temperature and many others. The sensors embedded in these devices periodically diagnosis these parameters either automatically or through the user intervention. Healthcare monitoring is a notable segment for wrist wearable devices market with high growth prospects in the future primarily due to the rising health concern and awareness and surging expenditure on medical diagnosis.
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