GLOBAL WEARABLE COMPUTING DEVICES MARKET ANALYSIS

Regional Analysis

Global Wearable Computing Devices: Regional Insight

North America held a dominant position in the global wearable computing devices market in 2017, and is expected to retain its dominance throughout the forecast period (2018–2026). Growth of the market in the region is attributed to rising incidence of chronic diseases such as obesity, diabetic, heart disease, and arthritis. For instance, according to the National Centre for Health’s analysis, in the U.S., 37.7% adults and 17.2% youth were suffering from obesity in 2015, the percentage increased to 39.6% adults and 18.5% youth suffering from obesity in 2016. Thus, growing concern among people regarding chronic diseases has increased adoption of wearable computer devices. For instance, according to Coherent Market Insights’ analysis, in the U.S., most adopted wearable devices were those that transmit data, which accounted for around 39.7% share of the country’s wearable computing medical devices market, followed by sensor-enabled wrist wear and headset or eyeglass, which accounted for 32.6% and 22% share respectively, in 2013.

Furthermore, Asia Pacific is expected to be the fastest-growing region during the forecasted period. Growing geriatric population in emerging economies such as India and China, is one of the factors driving growth of the market in the region. For instance, According to the United Nations Population Fund (UNFPA), in India, the total geriatric population accounted for 7.9 million in 2011, which increased to 9.7 million in 2015. This in turn, is expected to increase the demand for wearable computer devices for easy and remote, and real-time diagnosis of health, which is thus, expected to fuel growth of the market in the region.

Global Wearable Computing Devices Market: Taxonomy

 By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa