Wearables

The healthcare wearables market, including health trackers and remote monitoring devices, is set to reach USD 60 billion by 2023.
The wearable technology market is poised to grow by USD 35.48 bn during 2020-2024, progressing at a CAGR of 13% during the forecast period.
The wearable technology market size has the potential to grow by USD 35.48 Billion during 2020-2040..
As per the Wearable Devices Market Forecast, the market of wearable devices will grow by 25, 76% every year in the next 5 years, and reach the mark of $24.640 billion by 2022.
Wearable devices will help mobile operators drive over $13 Billion in service revenue by the end of 2020, following a CAGR of nearly 32% between 2016 and 2020.
The medical wearables market size is projected to reach USD 19.5 billion by 2025 from USD 7.4 billion in 2020, at a CAGR of 21.4% during the forecast period.
Global Medical Wearables Market is valued approximately USD 6.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 21.4% over the forecast period 2020-2027.
Wearable Computing Market is expected to rise to an estimated value of USD 103.80 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026.
The total number of wearable users that were connected to 4G network in 2017 to be 526 million, while the market is expected to grow by 89 million by 2022 connecting over 900 million.
The wearable patch market is poised to grow by USD 5.96 bn during 2020-2024, progressing at a CAGR of 22% during the forecast period.
As contactless technology becomes nearly ubiquitous and consumer adoption grows, the market for wearable payment devices is set to grow to $1,121 billion by 2026.
The global Wearable Adhesives market is valued at USD 296 million in 2020 is expected to reach USD 734.1 million by the end of 2026, growing at a CAGR of 13.7% during 2021-2026.
Fitness wearables represent the largest segment of the wearables market, reaching EUR 13 billion in 2018, and are expected to reach 5.2% annual growth through 2023.
In IDTechEx's new report, Cardiovascular Disease 2020-2030, wearables such as smart clothing and electronic skin patches are covered extensively, and forecasts the wearable market to reach $19.7 billion by 2024.
The global wearables market is expected to grow 9.4% in 2020, reaching 368.2 million shipments.
The global Wearable Injector market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2027.
The Global Wearable Technology Market was valued at USD 27.91 billion in 2019 and is expected to reach USD 74.03 billion by 2025, at a CAGR of 17.65% over the forecast period 2020-2025.
The wearable medical devices market is poised to grow by USD 10.24 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period.
A Research and Markets report predicts massive growth in the industrial wearables market, with annual growth expected to be 50.2% between 2019 and 2024.
The global market for wearables is on track to ship 305.2 million units in 2019, up 71.4% from the 178.0 million units shipped in 2018>From there, total volumes will grow to 489.1 million units in 2023, resulting in a compound annual growth rate of 22.4%.
Wearable devices will help wireless carriers drive over $71 Billion in additional service revenue by the end of 2020, following a CAGR of 95% between 2014 and 2020.
Growth within the wearable devices market is primarily being powered by sales of smartwatches - shipments of smartwatches worldwide are forecast to surpass 100 million in 2020.

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Last updated: 09 August 2020