Smart Wellness Market Global Analysis 2019-2023: Key Findings, Industry Trends, Regional Study, Top Key Players Profiles and Future Prospects

Smart Wellness Market Global Analysis 2019-2023: Key Findings, Industry Trends, Regional Study, Top Key Players Profiles and Future Prospects

“Smart Wellness Market”
Global Smart Wellness Market is expected to reach USD 520.29 billion by 2023 and grow at a CAGR of approximately 24.46% during the forecast period 2017-2023

Smart Wellness Market Highlights:

The global smart wellness market is projected to witness a rapid growth during the forecast period owing to increasing demand for smart wellness devices and applications. Major factor driving the smart wellness market is the increasing adoption of smartphones which allow easy access to fitness and wellness apps through app stores. Growing awareness about health monitoring and increasing demand for portable healthcare devices is another major factor driving the growth of smart wellness market.

The global Smart Wellness Market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to witness significant growth and hold the largest share of the global market during the forecast period. The U.S and Canada are anticipated to drive the growth of the smart wellness market in North America owing to the presence of a large number of established key players such as Kohler Co. and Bradley Corporation among others in this region. Due to sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows a higher penetration of devices and ultimately provides better connectivity. Growing adoption of smartphones which allow easy tracking of daily activities and in turn help in monitoring health is another major factor driving the growth of smart wellness market in the region. Growing demand for fitness apps is another major factor driving the growth of smart wellness market in the region. In the global smart wellness market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to increasing demand for smart wellness applications across different countries in the region.

The global smart wellness market is expected to reach USD 520.29 billion by 2023 and grow at a CAGR of approximately 24.46% during the forecast period 2017-2023.

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Major Key Players:

  • Apple, Inc. (U.S.)
  • Samsung Electronics (South Korea)
  • Omron Healthcare, Inc. (Japan)
  • McKesson Corporation (U.S.)
  • Philips Healthcare Company (the Netherlands)
  • GE Healthcare, Inc. (U.S.)
  • Draeger Medical Systems, Inc. (Germany)
  • Fitbit, Inc. (U.S.)
  • St. Jude Medical, Inc. (U.S.)
  • Medtronic PLC (U.S.)

Segments:

The global smart wellness market is segmented on the basis of the component, type, connectivity, and end user. The connectivity segment is classified into Bluetooth, wi-fi and others. However, the Bluetooth sub-segment is expected to hold the largest market share of the global smart wellness market during the forecast period.

This is owing to the increasing popularity of Bluetooth applications in order to connect two devices in the same room. Also, growing popularity of internet of things plays a major role in the growth of smart wellness market.

Key Findings:

  • By component, hardware sub-segment is expected to hold the largest share of the smart wellness market and is expected to grow with 24.82% CAGR.
  • By type, healthcare IT sub-segment leads with a 23.75% CAGR.
  • By connectivity, Bluetooth sub-segment leads with a 24.83% CAGR.
  • By end user, individual users sub-segment accounted for the largest share of the smart wellness market and is expected to grow at 25.08% CAGR.

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Regional Analysis:

The global smart wellness market is studied in Asia Pacific, North America, Europe, and Rest of the World. North America is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period.

The growth of the market in North America is attributed to technological advancements and increased adoption of smart wellness devices across various end users in the region.

Intended Audience:

  • Technology Investors
  • Research/Consultancy Firms
  • Chip designers and fabricators
  • Original equipment manufacturers (OEMs)
  • Healthcare Solution Providers
  • Technology Providers
  • Individual Users
  • Healthcare Institutions and Clinics
  • Pharmacies

Table of Contents

1        Market Introduction

1.1       Introduction   

1.2       Scope of Study

1.2.1    Research Objective

1.2.2    Assumptions

1.2.3    Limitations

1.3       Market Structure

Continued…

List of Table

Table 1 Global Smart Wellness Market, By Component, 2017-2023 (Usd Billion)

Table 2 Global Smart Wellness Market, By Hardware, 2017-2023 (Usd Billion)

Table 3 Global Smart Wellness Market, By Personal Medical Devices, 2017-2023 (Usd Billion)

Table 4 Global Smart Wellness Market, By Wellness Products, 2017-2023 (Usd Billion)

Table 5 Global Smart Wellness Market, By Software, 2017-2023 (Usd Billion)

Continued…

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List of Figure

Figure 1 Top Down & Bottom Up Approach

Figure 2 Forecast Model

Figure 3 Dro Of Global Smart Wellness Market

Figure 4 Supply Chain Analysis

Figure 5 Porter’s Five Forces Analysis of Global Smart Wellness Market

Continued…

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