Smart Wellness Market is estimated to grow at a CAGR of approximately 21.10% during the forecast period 2024-2032

Pune, India, May, 2018/MRFR Press Release/- Market Research Future published a cooked research report on the Smart Wellness Market

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 projected to reach USD 516.65 billion at a CAGR of over 21.10% by the end of the forecast period 2024-2032.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Smart Wellness Market Research Report-Forecast to 2032”.

Access Report @ https://www.marketresearchfuture.com/reports/smart-wellness-market-4484

Smart Wellness Market Segmentation

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.

Some of the prominent players in the global smart wellness market: 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.), and Medtronic PLC (U.S.) among others.

Market Research Analysis

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 market in North America is witnessing rapid growth due to technological advancements and rise in demand for smart wellness applications across different industry verticals in the region. The U.S. holds a major share both in terms of revenue and demand and this demand is increasing due to smart and innovative solutions in the region .