ICT & Electronics Wearable Sensors Market | Page 2

The global wearable sensors market is segmented into end user such as
enterprise & industrial, healthcare, consumer and others. Among these segments,
consumer segment is expected to occupy the top position in the market. The rise
of the consumer segment is backed owing to swelled disposable income coupled
with changing lifestyle of the consumer. Moreover, mounting demand for
wearable devices such as smart fitness bands and others is also fostering the
demand for wearable sensors.
Global wearable sensors market is expected to register a notable CAGR over the
forecast period. Moreover, the global wearable sensors market is estimated to
reach USD 1,943.6 Million over the forecast period i.e. 2017-2024. The market is
expected to expand on the back of increasing concerns among the population
towards health and fitness.
The wrist wear segment by application is projected to witness a highest CAGR
during the forecast period owing to growing popularity of wrist fitness bands and
smart watches. Further, availability of numerous wrist wearable products in the
market is also predicted to positively impacting the growth wrist wear segment.
In terms of regional platform, North America region grasped the biggest market
in overall wearable sensors market in 2016 aided by U.S. Further, this growth is
attributed to the high rate adoption of innovative and advanced technology.
Increasing healthcare expenditure
Rise in healthcare expenditure coupled with swift advancement in healthcare
device to provide better medical facilities is projected to be dynamic factor behind
the rapid growth of wearable sensors market. In addition to this, growing usage
of wearable sensors in various medical devices along with integration of new
technologies like emergency cardiac arrest alarm and pre detection of diseases is
expected to flourish the growth of wearable sensors market across the globe.
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Evolution of wearable devices
Rising consumer awareness regarding health and wellness coupled with growing
inclination of consumer towards monitoring devices such as smart wearable
devices is envisioned to foster the growth of wearable sensors market by the end
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