The last decade saw the advancement and popularity of smartphones, but now, 2017 onwards is all about the steady growth of the wearable technology market, especially for smartwatches and fitness trackers. According to Globenewswire, smartwatches are expected to grow 22 percent from 2019 to 2025 with a $46.81 billion revenue. What is making them so popular?
Interest in fitness and wellness is becoming a lifestyle trend. In connection, today’s wearables can track a user’s heart rate, steps, distance traveled, calories burned, sleep patterns and other fitness data. The most advanced smartwatches and smart bracelets can even measure blood pressure, blood oxygen and provide ECG and PPG information. Athletes such as runners, cyclists and swimmers are benefiting from the monitoring capabilities of these fitness devices. Hence, people are now relying on these wearables to keep their health and fitness in check.
Healthcare is one of the biggest industries supporting and benefiting from the use of wearables. Doctors and patients can be more in sync with tracking the latter’s health, per IFA. Smart wearables can provide real time data to doctors, which can help them track a patient’s fitness progress, heart conditions and medical correlations. Efficiency is brought to the table, and medical personnel are spared from going through mountain patient healthcare records. Action can easily be taken with regards to aiding a patient.
Because the technology of smartphones has matured, users are now holding on to their phones for a longer period of time. As such, they are investing more on accessories that act as supporting devices to their phones. These include smart watches, bracelets and fitness trackers. These devices allow for wireless synchronization with users’ phones, which allows them to check social media notifications, answer calls, respond to messages without having to grab their phones from their bags.
As more apps and functions for smart watches and the like are being developed, the consumer demand of these products increases. Growth is inevitable. Aithority expects the market to “grow even more by 89 million by 2022, connecting over 900 million.”
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