In the industry of wearable technology, various applications are looked upon. To discuss about the scope that Market Quotient can target, we have chosen these few applications:
Healthcare and Medical –The healthcare sector which includes the fitness, wellness or the medicals dominated as the wearable electronics business powers is estimated to increase from $20 billion in 2015 to almost $70 billion in 2025. The largest brand names do their talking here like Adidas, Nike, Reebok, Roche (footwear/apparels), Samsung, Philips (electronics), Apple (iwatch). Jewellery, belts, leg wears, e-textile, etc, have their specific stand in consumer mind.
The other product categories that get attention in the healthcare application are: Blood Pressure Monitors, Insulin Pumps, Continuous Glucose Monitoring, Defibrillators, Patches, Drug Delivery Products, PERS, ECG Monitors, Pulse Oximetry, Hearing Aids, Sleep Sensors, Emotional Measurement, Hand-worn Terminals.
Sports and Fitness -The most mind commence industry that seize the wearable is the sports and fitness industry. This is the most promising segment among healthcare and other clothing market. This segment is sub divided into various products among which the most elected ones are wrist watches, headgears and wrist bands. Other products that catagorises itself in this application are:
Activity Monitors, Sleep Sensors, Emotional Measurement, Smart Glasses, smart sports glasses, Fitness & Heart Rate Monitors, Smart Clothing, Foot Pods & Pedometers, Smart Watches, Heads-up Displays, Other Audio Ear buds.
By 2018, it is estimated that this market will be worth some 12.6 billion U.S. dollars.
Market Quotient can provides in-depth analysis of wearable technology, the refined statistics and the forecast, the historical data and any segment that you want us to cover. Since the wearable technology is wide, we couldn’t cover every detail in this blog.
🙂 In case you are thinking of stepping in the market, we can help you.
🙂 In case you want to retain your old customers, we are there to help you.
🙂 In case you want to study the market, and know your competitor, we can be your best partner.
Let us know your requirement, or ask us for sample at contact@marketquotient.com. Know more about us from www.marketquotient.com.
