SAN FRANCISCO, September 11, 2017 /PRNewswire/ --
Global Fitness Bands & Watches Market is segmented on the basis of application as Fitness, Sports Activities, Trekking Activities, Running, Swimming, Gym Activities and Others.
Wristbands that are employed to keep a check on the fitness-related metrics are known as fitness bands/watches. They can also be called as fitness activity trackers. With the assistance of these watches, the users can always keep a track of their sleep patterns, calories intake/burnt, covered distance, examination of heart rate, blood pressure as well as other activities. The consumers can now gauge and assess their routine activities by just sitting at their homes devoid of any prerequisite to visit a doctor for regular health tests.
Moreover, as the charges at various medical institutes have risen, the consumers have started purchasing these instruments. It has been observed that wearable fitness technology is gradually attaining huge popularity across the globe that is in turn boosting the overall market growth.
The factors that are playing a significant role in developing the market growth may include constant development of products, rise in the affordability of the product among the masses, augmented adoption levels of these devices, rise in the frequency of fitness conscious people, augmented awareness among the masses regarding health and fitness, and rise in the investments by the leading manufacturers.
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Other factors that are also contributing in the market growth may include soaring cost of healthcare systems, rise in the consumer preference for smart gadgets, increase in the recognition of wearable fitness devices, rise in the disposable income, and developing economies.
Owing to all the above-mentioned factors, the Fitness Bands/Watches Market will experience the highest CAGR in the next couple of years.
As far as the geographical region is concerned, North America is lately dominating the market and it is estimated that the region will witness a huge upsurge in the forthcoming years, the reason being rise in the introduction of modern products, augmenting medical applications, rise in the awareness level among the consumers regarding health, and rise in the prevalence of chronic diseases and diabetic patients.
In contrast, Asia Pacific and Europe are also emerging as one of the promising regions owing to emergence of huge market opportunities.
Fitness Bands & Watches Market is segmented on the basis of geographical region as
• North America
• Southeast Asia
The key players operating in the Fitness Bands & Watches Market are recognized as
• Atlas Wearables
• Mushroom Labs
• YU Televentures
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