A total of 19 million wearable devices are in use this year and are expected to grow twice in 2018.
Release date: 2014-11-28
According to the latest report from Juniper Research, there are about 19 million wearable devices in use worldwide this year, and it is expected to be three times as many as 2018. The report also predicts that the market will continue to be occupied by fitness equipment, but smart watches with fitness functions will gradually show growth momentum and market share will increase.
The report also pointed out that the Far East and China are the regions with the most equipment, followed by North America and Western Europe.
The company stated in the white paper: “By benefiting from the increasingly cheap motion sensors, there is a wide range of fitness equipment options for the first consumer market. Smart wearables have come in many forms since 2006, and fitness equipment is part of wearables. The market has matured. However, from the experience of previous years, it is impossible for the market itself to continue to grow. The smart watches that are compatible with better sensors in 2014 mean that the competition for fitness equipment is becoming increasingly fierce. Just a separate fitness function."
Juniper Research expects the fitness wristband and smartwatch market to merge, and the fitness wristband will include some of the watch's features, such as call reminders, and smart watches like the Apple iWatch with motion tracking. At this point, the fitness wristband has to improve its aesthetics, advanced features and price to improve competitiveness (such as the millet wristband is only $13).
Another problem that fitness wristbands have to face is the involvement of pain points. Endeavor Partners' follow-up results indicate that one-third of consumers with a fitness wristband will stop using the device within six months, and half of them will no longer use the device.
Juniper Research also expects the next four years to be the world of medical wearables, from ECG monitoring to blood glucose tracking.
At the end of the report, the company also predicted that there would be a conflict of interest between Fitbit and Apple. Fitbit will still lead the fitness tracking market. Apple Health will affect its market share in the short term.
Original link: http://mobihealthnews.com/38564/study-19m-fitness-wearables-in-use-today-to-triple-by-2018/
Source: Kexun Medical Network
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