Wearable Electronics Market Size, Research & Analysis PR

Download as pdf or txt
Download as pdf or txt
You are on page 1of 4

Global Wearable Electronics Market to be Propelled by Use in In-home Care

for Geriatric Population and Patients Suffering from Chronic Diseases


World Wide by CAGR of 6% During 2023 – 2033

Kenneth Research published a report titled “Wearable Electronics Market: Global


Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview
of the global wearable electronics market in terms of market segmentation by product,
application, technology, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion on current
and future market trends that are associated with the growth of the market.

The global wearable electronics market is expected to hold a revenue of ~ USD 460
billion by 2033, growing from ~ USD 82 billion in 2022. The market growth can be
attributed to the effective use of wearables in in-home care for the elderly population and
patients with chronic diseases, the increased use of smartwatches, VR (virtual reality)
and AR (augmented reality) headsets, and technologies, including near-field
communication (NFC) and radio-frequency identification (RFID).

The global wearable electronics market is expected to grow at a CAGR of approximately


20% from 2023-2033. The market is segmented by product into wrist-wear, eye-wear,
body-wear, head-wear, and others. Of these, the wrist-wear segment is anticipated to
hold the largest market share by the end of 2033, owing to the increasing smartwatch
penetration worldwide for its real-time health data and use in various sectors.

The global wearable electronics market is divided into five major regions, including
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The
market in the Asia Pacific is projected to hold the largest market share by the end of
2033, backed by the growth of urbanization and tech-savvy population and the increase
in the purchasing power of people in the region.

The research is global in nature and covers detailed analysis on the market in North
America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary,
Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark],
Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest
of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore,
Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel,
GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa,
Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y
growth & opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and displayed in the
research report.

Effective Use of Wearables in the Care for Chronic Diseases to Boost the
Market Growth

More than 40 million people globally die from chronic diseases every year. Wearables
are especially useful in the care for chronic diseases, as real-time data about a person’s
health helps them to make changes in their in-home healthcare if they suffer from
chronic diseases, including diabetes, cancer, heart diseases, and arthritis. Further, it
helps doctors to monitor the health of their out-patients and decide on clinical trials and
changes in treatment.

For more informations@https://www.kennethresearch.com/report-details/global-


wearable-electronics-market-/10060063

However, the temporary decline in the manufacturing of wearables, the poor battery life,
and the failure to keep up with evolving technologies are expected to operate as key
restraints to the growth of the global wearable electronics market over the forecast
period.

This report also provides the existing competitive scenario of some of the key players of
the global wearable electronics market which includes company profiling of Apple Inc.,
Fitbit LLC, Google LLC, ADIDAS AG, Nike, Inc., Sony Group Corporation, Samsung
Electronics America, Inc., Garmin Ltd., Sensoria Inc., LG Electronics, and others. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and developments. On
the whole, the report depicts detailed overview of the global wearable electronics market
that will help industry consultants, equipment manufacturers, existing players searching
for expansion opportunities, new players searching possibilities and other stakeholders
to align their market centric strategies according to the ongoing and expected trends in
the future.

Request Report Sample@ https://www.kennethresearch.com/sample-request-


10060063

Kenneth Research is a leading service provider for strategic market research and
consulting. We aim to provide unbiased, unparalleled market insights and industry
analysis to help industries, conglomerates and executives to take wise decisions for their
future marketing strategy, expansion and investment etc. We believe every business can
expand to its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise decision in order
to avoid future uncertainties.

Contact for more Info:

AJ Daniel
Email: [email protected]
U.S. Phone: +1 313 462 0609

You might also like