As per the latest report By Report Ocean titled ” United States Wearable Sensors Market Analysis and Forecast from 2023 to 2031″, the industry is experiencing substantial growth and offers immense potential for investors and stakeholders. The report includes an in-depth analysis of the market, covering a comprehensive range of factors that impact the market’s growth trajectory.
This United States Wearable Sensors Market has recently been analyzed in a market research report, which segments it based on Regions, Country, Company, and other Segments. Key Players are currently dominating the global market and have implemented various strategies to increase their market share and strengthen their position in the industry. This report can serve as a valuable resource for stakeholders and other participants in market to gain a competitive advantage for their business needs.
Browse Premium Research Report with Tables and Figures :-https://reportocean.us/sample-request/report_id/REG774
The United States Wearable Sensors Market is expected to register a CAGR of 46.87% over the period 2024-2026. Wearable sensors are embedded in wearable devices to monitor bodily activities, which include blood pressure, body temperature, and heart rate, which is driving the healthcare industry as it enables remote data access.
Key Highlights
The market is driven due to the rising awareness of health and fitness, where wearable sensors play a vital role. Increasing demand across various application sectors such as wearable technology for fitness, healthcare, and security is driving the U.S. wearable sensors market to grow lucratively.
The rising penetration of the internet and increasing expenditure on research by enterprises and industries in the region is driving the development of smart wearable technology for several applications. According to Cisco, in the United States, there are expected to be 317 million total Internet users (94% of the population) by 2022, up from 298 million (92% of the population) in 2017. Further, 23% of all networked devices are expected to be mobile-connected by 2022.
During the COVID-19 outbreak, the demand for wearable devices? sensors that offer real-time data to frontline healthcare workers and let them quickly screen individuals with a high temperature skyrocketed.
However, the ongoing chip shortage is expected to result in a decline in chip availability. As fewer products become available to buy, and with increasing demands, prices of wearable sensors and wearable sensor-based devices are expected to increase.
Key Market Trends
Increase in demand of wearable fitness devices is driving the market
One of the major markets for wearable sensors in this region is the sports and fitness market. Products like Nike Fuelband, Jawbone UP, Microsoft Band, and Fitbit have come into the market that is there for fitness tracking.
These devices are worn on the body to track various parameters such as steps taken, distance traveled, calories burned, etc., and can be synced with the phone to track the progress daily. These devices are getting popular in this region because of the serious problem of people being overweight and obese.
In the USA, according to CDC, 65.5% of adults and around 17% of children are obese. This problem is growing because of the irregular, unhealthy diet and the lack of exercise.
Moreover, the rise in demand is also encouraging the funding environment. Eight Sleep, maker of a smart mattress that monitors the sleep environment and vital signs through an app, raised USD 40 million, bringing its total equity funding to almost USD 65 million. Whereas Tula Health, the developer of a wearable device that continuously and non-invasively monitors blood glucose, blood pressure, blood oxygen, EKG, and hydration, among other key health metrics, raised USD 2.7 million.
Changing consumer perspective towards wearable technology
Consumer perspectives towards wearable devices are changing in the last decade owing to features and evolving technology integration that is changing the way consumers interact with the environment, and their popularity is growing.
Age, income, and gender are the most influencing factor among these wearable devices, such as fitness trackers and smartwatches. According to AARP 2020 report, the age of usage of wearable technology among United States adults aged 50 years and older, between 50-59 years, between 60-69 years, and between 70 years and plus accounted for 83%, 87%, 81%, and 79% respectively.
Further, the consumer perspective towards these wearable devices is increasing towards meeting their expectation with the technology adoption rising. Despite the need for improved functionality, an increasing number of consumers are interested in using wearables. This creates opportunities for manufacturers to diversify their wearables offerings and overcome the issues highlighted by consumers.
Moreover, with the growth of IoT, consumers feel that they will be using wearables to exchange information with other devices and physical things around them.
Competitive Landscape
The wearable sensors market in the United States is dominated by few international players amongst local players and is moderately fragmented. Major vendors of wearable smart bands manufacturers consist of Apple Inc., Huawei Technologies Co. Ltd, Polar Electro Oy, Garmin Ltd, Fitbit Inc., Xiaomi Corporation, and Samsung Electronics Co. Ltd. They keep on updating their products by embedding the latest technologies to retain their market position and share.
January 2021: Google has completed its USD 2.1 billion acquisition of Fitbit. Google had earlier made a series of commitments about its planned operation of Fitbit and use of its health data. Post the acquisition; Google will be able to cater to the health and wellness sector with the help of wearable devices when combined with Fitbit Premium?s personalized insights. The increase in demand for wearable devices is expected to drive the demand for wearable sensors in the United States Market.
Enquire before purchasing this report :-https://reportocean.us/sample-request/report_id/REG774
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
The major point covered in the Table of Contents:
Executive Summary: Provides a concise overview of the report, highlighting the key findings and recommendations.
Introduction: Sets the context for the report, including the scope, objectives, and methodology.
Market Overview: Offers a comprehensive overview of the market, including definitions, market segmentation, and key market trends.
Market Dynamics: Explores the factors driving the market growth, such as market drivers, restraints, opportunities, and challenges.
Market Analysis: Provides a detailed analysis of the market, including market size, market share, and growth projections.
Market Segmentation: Breaks down the market into various segments based on factors such as product type, application, and geography.
Competitive Landscape: Analyzes the competitive scenario in the market, including the profiles of key players, their market strategies, and recent developments.
Market Research Findings: Presents the findings of the research study, including insights and data analysis.
Market Outlook and Forecast: Provides a forecast of the market’s future trends and growth prospects.
Conclusion: Summarizes the key points discussed in the report and offers concluding remarks.
Appendices: Includes additional information such as research methodology, data sources, and glossary of terms.
Request full Report :-https://reportocean.us/sample-request/report_id/REG774
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel:+1 888 212 3539 (US – TOLL FREE)
Website: https://reportocean.us