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US Smart Wearable Health Devices Market is expected to reach over USD 18 billion by 2021: Ken Research

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Title: US Smart Wearable Health Devices Market is expected to reach over USD 18 billion by 2021: Ken Research


1
US Smart Wearable Health Devices Market is
expected to reach over USD 18 billion by 2021
Ken Research
2
  • US Smart Wearable Health Devices Market by Type
    (Smart Watch, Fitness band, Smart eyewear and
    other), and by Distribution Network (Online,
    Organized retail, Exclusive Brand Stores and
    Other) on the basis of volume sales. Market share
    of major companies by Smart Watch (Apple, Samsung
    and other) and Fitness band (Fitbit, Garmin, and
    others).
  • Smart Watch segment is expected to witness a
    strong demand in near future as they can perform
    all the functions of fitness band along with
    added features.

3
  • Smart eyeglasses have very huge potential as they
    are ideally located to monitor body vitals and
    are also close to eye, ears and mouth.
  • Chinese and Asian companies are expected to
    improve the market share in the US smart wearable
    health devices market.
  • Market for smart wearable health devices is
    expected to register a positive growth rate in
    future (2017-2021) but significant drop will be
    registered in YoY growth. It is expected that
    fitness band will be phased out from the consumer
    market and smart watches will be the best selling
    smart wearable accounting for very high market
    share by volume. Smart eyewear and smart clothes
    are the two main segments that may give stiff
    competition to the smart watch market but the
    product development in the field will play a very
    key role for demand creation in the future.
    Consumers will look for value for

4
money and will only go for buy decision if they
are satisfied with the value creation and
usability. It is expected that smart wearables
will gain a lot of demand from the enterprise
segment for commercial use. Hospitals, Insurance
companies and fitness centers are expected to
become the key industry participants of the smart
wearables. It is also expected that many other
features can be embedded in the smart wearable
health device that will have positive impact on
the overall sales of these devices. Online
sales will gain market share as it gives the
advantage of preorder booking for new products
and products under developments phase. It also
helps to reach a much larger audience at very
reduced cost. Sales from exclusive stores are
also expected to rise but drop will be registered
in infomercial sales.
5
Analysts at Ken Research in their latest
publication, The US Smart Wearable Devices
Market by Type (Fitness Bands, Smart Watch, Smart
Eyewear and Others), by Distribution Channel
(Online, EBOs, MBOs, Others) Outlook to 2021
believe that continuous evolution of technology
and better integration of devices with smart
phones and other smart devices will help in
creating a large consumer base. Market will be
driven by consumers who remain technologically
active and upgrade their hardware at regular
intervals. Entry of new products segments and new
consumer segments will further augment the
product demand in future. Companies like Apple
and Fitbit will continue their dominance in the
short run. Companies developing more user
friendly devices and offering better after sale
service in form of upgrades are expected to
dominate the market.
6
  • The report provides information on the US smart
    wearable devices market size, market segmentation
    by type of devices and by type distribution
    network. It also cover market share of major
    players in smart watch and fitness band segment
    along with company profile of major and emerging
    players.
  • Topics covered in the Report
  • Competition Apple Smart Watch
  • Wearable Device Market Forecasts
  • Smart Watches Market by value
  • Wearable Tech Market Growth
  • Wearable Electronics Market Trends
  • Market Share Fitbit Fitness Band
  • Smart Watch Industry Analysis
  • Wearable Technology Market Size and Share
  • Wearables market overview
  • Wearable Technology Market in United States

7
For more information on the market research
report please refer to the below
link https//www.kenresearch.com/consumer-product
s-and-retail/luxury-goods/us-smart-wearable-device
s-market/142266-95.html Related
Reports https//www.kenresearch.com/healthcare/med
ical-devices/india-healthcare-it-market-research-r
eport/527-91.html https//www.kenresearch.com/hea
lthcare/medical-devices/asia-pacific-cardiac-pacem
aker-research-report/655-91.html https//www.kenr
esearch.com/healthcare/medical-devices/europe-medi
cal-device-market-research-report/581-91.html
8
Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204
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