$80+ Bn Worldwide Smartwatch Market is Expected to Grow at a CAGR of over 18.8% During 2022-2028 | Vantage Market Research – QNT Press Release


WASHINGTON, May 02, 2022 (GLOBE NEWSWIRE) — Vantage Market Research’s recent analysis of the Global Smartwatch Market finds that increasing demand for wireless fitness and sports devices as well as increasing investment in methods to develop smart technologies, are factors that influence the growth of Smartwatch Market.

The total Global Smartwatch Market is estimated to reach USD 80.1 Billion by the year 2028. The Global Market revenue for the year 2021 USD 28.5 Billion and expected to grow at a Compound Annual Growth Rate (CAGR) of 18.8%, states Vantage Market Research, in a report, titled “Smartwatch Market Size, Share & Trends Analysis Report by Application (Personal Assistance, Wellness, Healthcare, Sports), by Operating System (Watch OS, Android, Real-Time Operating System, Tizen), by Products (Extension, Standalone, Classical), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.

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Market Dynamics:

Drivers:

Technological advancement

Digitalization and development in the technology have transformed the healthcare sector. A number of wearables are used for monitoring the wide array of diseases such as heart diseases, cardiovascular diseases and others. Smart watches have gained a huge attention in the diagnosis, monitoring, and treatment of respiratory diseases. According to the National Health Service in 2015, majorly all Americans is constantly connected via high bandwidth to a vast network of data and sophisticated digital platforms The global smart watches market is majorly driven by increasing prevalence of cardiac & cardiovascular diseases such as atrial fibrillation (AFib), hypertension and diabetes.

Heart scan devices are used in the monitoring, and diagnosis of different heart diseases and complications. The global smart watches market is majorly driven by increasing prevalence of cardiac diseases, rising healthcare expenditure, and increasing geriatric population.

Key Insights & Findings from the Report:

  • According to our primary respondents’ research, the Smartwatch market is predicted to grow at a CAGR of roughly 18.8% during the forecast period.
  • The Smartwatch market was estimated to be worth roughly USD 28.5 Billion in 2021 and is expected to reach USD 80.1 Billion by 2028; based on primary research.
  • On the basis of region, Asia Pacific is projected to dominate the worldwide Smartwatch market.

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Segmentation of the Global Smartwatch Market:

  • Application
    • Personal Assistance
    • Wellness
    • Healthcare
    • Sports
    • Others
  • Operating System
    • Watch OS
    • Android
    • Real-Time Operating System
    • Tizen
    • Others
  • Products
    • Extension
    • Standalone
    • Classical
  • Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/smartwatch-market-1507

Rising Demand in Healthcare

Across the globe, the number of non-surgical procedures performed is increasing year over year. With the rise of highly effective and technologically advanced medical devices including smart watches …

Full story available on Benzinga.com



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