Connected Wearables Shipment will Reach 239 Million
Growing at a compound annual growth rate (CAGR) of 15.4 percent, total shipments of smartwatches, smart glasses, fitness & activity trackers, smart clothing, mobile telecare and medical devices as well as other wearable devices are forecasted to reach 238.5 million units in 2023.
Global Wearable Medical Device Market to Reach $30B
North America is the largest region for wearable medical devices. It’s expected to reach $13.2 billion in revenue by 2023. The Asia-Pacific region’s unmet need for healthcare technology and the growing geriatric population give it the greatest potential for growth.
via BCC Research
Digital Healthcare Advances via Remote Monitoring Apps
New findings from Juniper Research reveal that wearables, including health trackers and remote patient monitoring devices, are set to become ‘must haves’ in delivering healthcare, with $20 billion forecast to be spent annually on these devices by 2023.
Hearables Will Revolutionize the Personal Audio Market
According to the latest worldwide market study by Juniper Research, there will be an estimated 417 million hearables in use by 2022. This includes fitness-focused devices, hearing augmentation and purely audio-focused devices.
Wearable Device Growth Led by Smartwatch Adoption
Global shipments of wearable devices are forecast to reach 125.3 million units in 2018, that’s up 8.5% from 2017. The growing popularity of smartwatches and greater wearables adoption in emerging markets will combine to produce a five-year compound annual growth rate (CAGR) of 11% with shipments reaching 189.9 million units in 2022.
Wearables Still Growing in Emerging Markets
Growth continued in the global wearables market during the second quarter of 2018 as shipments reached 27.9 million units — that’s up 5.5% from the previous year. The market experienced similar revenue gains, growing by 8.3% year-over-year to $4.8 billion, fueled by the popularity of smartwatches.
Worldwide Wearables Market Grows 7.3% in Q3 2017
The worldwide wearables market took another step forward in the third quarter of 2017 (3Q17) with total shipment volume reaching 26.3 million units, that’s up by 7.3 percent year over year, according to the International Data Corporation (IDC).
How Wearable Technology Transforms In-Store Retail
ABI Research forecasts enterprise retail wearable shipments will reach nearly 10 million in 2022, increasing from just 2 million in 2017 — that’s a compound annual growth rate (CAGR) of 38 percent.
Source: Digital Lifescapes
Enterprise Wearable Device Market Reaches $10.5B in 2017
Wearable technologies are entering the workplace. ABI Research forecasts enterprise wearable device revenue — such as smartwatches, smart glasses, and wearable scanners — will exceed $55 billion in 2022, which is growing from an estimated $10.5 billion in 2017.
Source: Digital Lifescapes
Can Wearables Adoption Reach Mainstream Consumers?
eMarketer has significantly revised its estimates of wearable-device users in the U.S. market. The still-young category showed early promise, but usage has not expanded beyond early adopters.
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