Wearables in Healthcare and Personal Assistance, such as Oura Ring 3, represents the Fastest Growing Market Opportunity
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This report evaluates the current state of the wearable technology ecosystem including devices, applications, and industry segments. The report addresses wearables in consumer and business with consideration towards enterprise, industrial, and government use cases, key challenges, market players, and solutions. The report also provides an outlook for the future of wearable technology with forecasts for the period 2022 to 2027.Speak directly to the analyst to clarify any post sales queries you may have.
Select Report Findings:
- North America and South America are the largest and fastest-growing markets respectively
- Wearable technology data as a managed service will reach $462 million USD globally by 2027
- Leading industries for wearable technology will be healthcare, sports and fitness, and manufacturing
- While the fastest growing area within the enterprise, hospitality services will remain a small fraction of the market
- Driven by manufacturing, the industrial sector in Europe is anticipated to represent over $2.38 billion by 2027
Wearable technology presents the potential for massive transformation in many industries. The more obvious ones include consumer electronics and communications. Early adopter industries include clothing, healthcare, sports, and fitness. However, we see many industries adopting wearable technologies as computing and wireless communications integrate wearable into virtually every aspect of products and services.
At the consumer level, increased perception of value and willingness to engage in wearable tech apps and services is building as new forms of communications, content, applications, and commerce become available.
As WiFi6 is increasingly deployed in various public venues such as train stations and airports, companies will offer virtual reality as a means of infotainment and advertising, which will drive wearable technology sales and rentals. In addition, new consumer users of immersive technology will drive the adoption and usage of wearable technology due to improved portability and mobility associated with 5G.
We see several factors converging to facilitate wearable technology integration including expanded wireless capacity due to pervasive wireless (WiFi6, LTE, and 5G) and the need for wireless companies to establish new revenue streams, continuously decreasing cost of data, and the significant backing from huge companies including Google, Apple, and others. We also anticipate significant wearable tech developments in key technologies such as augmented reality, virtual reality, and next-generation telepresence.
In terms of wearable technology in healthcare and personal assistance, the third-generation Oura Ring, which was unveiled in November 2021, offers the unique ability to measure minute changes in body temperature to help women accurately predict their menstrual cycles and potentially detect when a person is getting sick.
Regarding wearable technology evolution, we see body area networks becoming a larger factor along with IoT integration involving sensors and haptic interfaces to provide a feedback loop that provides ambient awareness, increased performance, and user satisfaction for many immersive technology applications.
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Table of Contents
1.0 Executive Summary2.0 Introduction
2.1 Wearable Technology Overview
2.2 Wearable Technology Market: Demand vs. Supply Side
2.3 Wearable Technology Market Opportunities
2.4 Wearable Technology Market Constraints
2.4.1 Design Constraints
2.4.2 High Power Consumption
2.4.3 High Investment Cost and High Price
2.4.4 Lack of Network Security and Data Privacy
2.4.5 Usage Restrictions
3.0 Wearable Technology and Solution Analysis
3.1 Wearable Technology Devices and Applications
3.1.1 Personal Health and Fitness Management
3.1.1.1 Activity Trackers
3.1.1.2 GPS Monitoring
3.1.1.3 Other Wearable Devices
3.1.2 Personal Health Insurance
3.1.3 Prevention, Diagnosis, and Management of Disease
3.1.4 Healthcare and Medical Devices
3.1.5 Sports Performance Enhancement
3.1.5.1 Sport Brands
3.1.5.2 Textiles and Footwear
3.1.5.3 Devices for Particular Sports
3.1.5.4 Wearable Chemical Sensors
3.1.5.5 Concussion Detection
3.1.5.6 Objective Refereeing
3.2 Wearable Technology in Select Enterprise Verticals
3.2.1 Smart Workplace
3.2.2 Manufacturing
3.2.3 Healthcare and Medical
3.2.4 Other Enterprise Verticals
3.3 Wearables in an Enterprise Cloud Environment
3.4 Wearable Technology Adoption Factors
3.4.1 Enterprise Adoption Challenges
3.4.2 Industry Specific Factors
3.5 Wearable Device and Data Access Factors
3.6 Wearable Technology Growth Considerations
3.6.1 Continued Growth in Fitness and Health
3.6.2 Importance of Aesthetics
3.6.3 Beyond Glasses, Fitness Bands, and Watches
3.6.4 Ambient Internet of Things Impact on Wearables
3.6.5 Wearables, Data, and Analytics
3.6.6 Continued Downward Price Pressure
3.6.7 Expanding to Enterprise and Workplace
3.7 Wearable Technology Key Success Factors
3.8 Evolution of the Wearable Tech Ecosystem
3.9 Wearable Technology and Gaming
3.10 Wearable Technology in Marketing and Advertising
3.11 Advancements in Flexible Sensors and Nanosensors
4.0 Wearable Technology Company Analysis
4.1 Xiaomi Technology Co. Ltd.
4.2 BBK Electronics Industry Co. Ltd
4.3 Alphabet Inc.
4.4 Lifesense Group B.V.
4.5 Johnson & Johnson
4.6 Smiths Group plc
4.7 Roche Holding AG
4.8 Apple Inc.
4.9 Westunitis
4.10 Matrix Industries
4.11 Atlas Wearables Inc.
4.12 Athos
4.13 Ocutrx
4.14 Augmedix
4.15 Koninklijke Philips N.V
4.16 Qualcomm Inc.
4.17 Medtronic PLC
4.18 3L Labs
4.19 4iiii Innovations Inc.
4.20 Adidas America Inc.
4.21 Avegant Corp.
4.22 BSX Insight
4.23 Casio America Inc.
4.24 ConnectDevice Holding Ltd.
4.25 DAQRI
4.26 Seiko Epson Corp.
4.27 FitBit Inc. (Google)
4.28 RealWear
4.29 EarlySense
4.30 Brain Scientific
4.31 Neurotech
4.32 WizardWatch
4.33 Magic Leap
4.34 Vivalnk
4.35 HTC
4.36 Microsoft
4.37 Proteus
4.38 Stanford Biology
4.39 ActiveLinxx LLC
4.40 Foxtel
4.41 Free Wavz
4.42 Fujitsu
4.43 Garmin Ltd.
4.44 Glofaster
4.45 GOQii
4.46 Hövding
4.47 Huawei Technologies Co. Ltd.
4.48 iHealth Labs Inc.
4.49 StarVR Corp
4.50 Instabeat
4.51 Intel Corporation
4.52 Jaybird
4.53 Jumpy
4.54 Leapfrog Enterprises Inc.
4.55 LG Electronics
4.56 LifeBEAM Inc.
4.57 Meta Company
4.58 PAI Health
4.59 Misfit
4.60 Monster Inc.
4.61 Motorola
4.62 Nike Inc.
4.63 NTT Docomo Inc.
4.64 Oculus VR LLC
4.65 o-synce
4.66 Actofit Wearables
4.67 Pebble
4.68 Polar Electro
4.69 Qardio Inc.
4.70 Recon Instruments
4.71 Reebok International Limited
4.72 Samsung Electronics Co. Ltd.
4.73 ShotTracker
4.74 Sony Corporation
4.75 Soundbrenner Limited
4.76 Sqord Inc.
4.77 Suunto
4.78 North
4.79 Timex.com Inc.
4.80 Tlink
4.81 Tobii AB
4.82 Vuzix
4.83 Weartrons Labs
4.84 Xensr
4.85 Zepp US Inc.
4.86 ZTE Corporation
5.0 Global Wearable Market Analysis and Forecasts 2022 - 2027
5.1 Wearables Market by Unit Sales vs. Revenue 2022 - 2027
5.2 Wearables by Device Type 2022 - 2027
5.3 Wearable Applications 2022 - 2027
5.4 Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
5.5 Wearables by Industry 2022 - 2027
5.6 Wearables by Components 2022 - 2027
5.7 Managed Services for Wearables Devices 2022 - 2027
5.8 Wearables Market by Region 2022 - 2027
5.9 North America Wearables by Device Type 2022 - 2027
5.10 North America Wearable Applications 2022 - 2027
5.11 North America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
5.12 North America Wearables by Industry 2022 - 2027
5.13 North America Wearables Market by Country 2022 - 2027
5.14 South America Wearables by Device Type 2022 - 2027
5.15 South America Wearable Applications 2022 - 2027
5.16 South America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
5.17 South America Wearables by Industry 2022 - 2027
5.18 South America Wearables Market by Country 2022 - 2027
5.19 Europe Wearables by Device Type 2022 - 2027
5.20 Europe Wearable Applications 2022 - 2027
5.21 Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
5.22 Europe Wearables by Industry 2022 - 2027
5.23 Europe Wearables Market by Country 2022 - 2027
5.24 Asia Pacific Wearables by Device Type 2022 - 2027
5.25 Asia Pacific Wearables Applications 2022 - 2027
5.26 Asia Pacific Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
5.27 Asia Pacific Wearables by Industry 2022 - 2027
5.28 Asia Pacific Wearables Market by Country 2022 - 2027
5.29 Middle East and Africa Wearables by Device Type 2022 - 2027
5.30 Middle East and Africa Wearable Applications 2022 - 2027
5.31 Middle East and Africa Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
5.32 Middle East and Africa Wearables by Industry 2022 - 2027
5.33 Middle East and Africa Wearables Market by Country 2022 - 2027
6.0 Conclusions and Recommendations
List of Figures
Figure 1: Wearable Technology to Human Body
Figure 2: Wearable Technology Ecosystem
Figure 3: IoT Dashboard and Wearable Technology
Figure 4: Smartphone Alert of Blocked IoT Connection Attempt
Figure 5: Smart Watch Alert of Blocked IoT Connection Attempt
Figure 6: Wearable Technology Communication Evolution
Figure 7: Wearable Advertising and “Pay per Gaze”
Figure 8: Wearable Advertising and “Pay per Emotion”
Figure 9: Wearable Unit Sales vs. Revenue 2022 - 2027
Figure 10: Wearables by Device Type 2022 - 2027
Figure 11: Wearables by Device Type Revenue 2022 - 2027
Figure 12: Wearable Applications 2022 - 2027
Figure 13: Wearable Applications Revenue 2022 - 2027
Figure 14: Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Figure 15: Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Figure 16: Wearables by Industry 2022 - 2027
Figure 17: Wearables by Industry Revenue 2022 - 2027
Figure 18: Wearables by Components 2022 - 2027
Figure 19: Managed Services for Wearables Devices 2022 - 2027
Figure 20: Wearables Market by Region 2022 - 2027
Figure 21: Wearables Market by Regional Revenue 2022 - 2027
Figure 22: North America Wearables by Device Type 2022 - 2027
Figure 23: North America Wearables by Device Type Revenue 2022 - 2027
Figure 24: North America Wearable Applications 2022 - 2027
Figure 25: North America Wearable Applications Revenue 2022 - 2027
Figure 26: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Figure 27: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Figure 28: North America Wearables by Industry 2022 - 2027
Figure 29: North America Wearables by Industry Revenue 2022 - 2027
Figure 30: North America Wearables Market by Country 2022 - 2027
Figure 31: North America Wearables Market by Country Revenue 2022 - 2027
Figure 32: South America Wearables by Device Type 2022 - 2027
Figure 33: South America Wearables by Device Type Revenue 2022 - 2027
Figure 34: South America Wearable Applications 2022 - 2027
Figure 35: South America Wearable Applications Revenue 2022 - 2027
Figure 36: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Figure 37: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Figure 38: South America Wearables by Industry 2022 - 2027
Figure 39: South America Wearables by Industry Revenue 2022 - 2027
Figure 40: South America Wearables Market by Country 2022 - 2027
Figure 41: South America Wearables Market by Country Revenue 2022 - 2027
Figure 42: Europe Wearables by Device Type 2022 - 2027
Figure 43: Europe Wearables by Device Type Revenue 2022 - 2027
Figure 44: Europe Wearable Applications 2022 - 2027
Figure 45: Europe Wearable Applications Revenue 2022 - 2027
Figure 46: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Figure 47: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Figure 48: Europe Wearables by Industry 2022 - 2027
Figure 49: Europe Wearables by Industry Revenue 2022 - 2027
Figure 50: Europe Wearables Market by Country 2022 - 2027
Figure 51: Europe Wearables Market by Country Revenue 2022 - 2027
Figure 52: APAC Wearables by Device Type 2022 - 2027
Figure 53: APAC Wearables by Device Type Revenue 2022 - 2027
Figure 54: APAC Wearables Applications 2022 - 2027
Figure 55: APAC Wearables Applications Revenue 2022 - 2027
Figure 56: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Figure 57: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Figure 58: APAC Wearables by Industry 2022 - 2027
Figure 59: APAC Wearables by Industry Revenue 2022 - 2027
Figure 60: APAC Wearables Market by Country 2022 - 2027
Figure 61: APAC Wearables Market by Country Revenue 2022 - 2027
Figure 62: MEA Wearables by Device Type 2022 - 2027
Figure 63: MEA Wearables by Device Type Revenue 2022 - 2027
Figure 64: MEA Wearable Applications 2022 - 2027
Figure 65: MEA Wearable Applications Revenue 2022 - 2027
Figure 66: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Figure 67: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Figure 68: MEA Wearables by Industry 2022 - 2027
Figure 69: MEA Wearables by Industry Revenue 2022 - 2027
Figure 70: MEA Wearables Market by Country 2022 - 2027
List of Tables
Table 1: Wearable Unit Sales vs. Revenue 2022 - 2027
Table 2: Wearables by Device Type 2022 - 2027
Table 3: Wearables by Device Type Revenue 2022 - 2027
Table 4: Wearable Applications 2022 - 2027
Table 5: Wearable Applications Revenue 2022 - 2027
Table 6: Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Table 7: Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Table 8: Wearables by Industry 2022 - 2027
Table 9: Wearables by Industry Revenue 2022 - 2027
Table 10: Wearables by Components 2022 - 2027
Table 11: Managed Services for Wearables Devices 2022 - 2027
Table 12: Wearables Market by Region 2022 - 2027
Table 13: Wearables Market by Regional Revenue 2022 - 2027
Table 14: North America Wearables by Device Type 2022 - 2027
Table 15: North America Wearables by Device Type Revenue 2022 - 2027
Table 16: North America Wearable Applications 2022 - 2027
Table 17: North America Wearable Applications Revenue 2022 - 2027
Table 18: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Table 19: North America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Table 20: North America Wearables by Industry 2022 - 2027
Table 21: North America Wearables by Industry Revenue 2022 - 2027
Table 22: North America Wearables Market by Country 2022 - 2027
Table 23: North America Wearables Market by Country Revenue 2022 - 2027
Table 24: South America Wearables by Device Type 2022 - 2027
Table 25: South America Wearables by Device Type Revenue 2022 - 2027
Table 26: South America Wearable Applications 2022 - 2027
Table 27: South America Wearable Applications Revenue 2022 - 2027
Table 28: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Table 29: South America Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Table 30: South America Wearables by Industry 2022 - 2027
Table 31: South America Wearables by Industry Revenue 2022 - 2027
Table 32: South America Wearables Market by Country 2022 - 2027
Table 33: South America Wearables Market by Country Revenue 2022 - 2027
Table 34: Europe Wearables by Device Type 2022 - 2027
Table 35: Europe Wearables by Device Type Revenue 2022 - 2027
Table 36: Europe Wearable Applications 2022 - 2027
Table 37: Europe Wearable Applications Revenue 2022 - 2027
Table 38: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Table 39: Europe Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Table 40: Europe Wearables by Industry 2022 - 2027
Table 41: Europe Wearables by Industry Revenue 2022 - 2027
Table 42: Europe Wearables Market by Country 2022 - 2027
Table 43: Europe Wearables Market by Country Revenue 2022 - 2027
Table 44: APAC Wearables by Device Type 2022 - 2027
Table 45: APAC Wearables by Device Type Revenue 2022 - 2027
Table 46: APAC Wearables Applications 2022 - 2027
Table 47: APAC Wearables Applications Revenue 2022 - 2027
Table 48: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Table 49: APAC Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Table 50: APAC Wearables by Industry 2022 - 2027
Table 51: APAC Wearables by Industry Revenue 2022 - 2027
Table 52: APAC Wearables Market by Country 2022 - 2027
Table 53: APAC Wearables Market by Country Revenue 2022 - 2027
Table 54: MEA Wearables by Device Type 2022 - 2027
Table 55: MEA Wearables by Device Type Revenue 2022 - 2027
Table 56: MEA Wearable Applications 2022 - 2027
Table 57: MEA Wearable Applications Revenue 2022 - 2027
Table 58: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector 2022 - 2027
Table 59: MEA Wearables by Consumer, Enterprise, Industrial, and Government Sector Revenue 2022 - 2027
Table 60: MEA Wearables by Industry 2022 - 2027
Table 61: MEA Wearables by Industry Revenue 2022 - 2027
Table 62: MEA Wearables Market by Country 2022 - 2027
Companies Mentioned
- 3L Labs
- 4iiii Innovations Inc.
- ActiveLinxx LLC
- Actofit Wearables
- Adidas America Inc.
- Alphabet Inc.
- Apple Inc.
- Athos
- Atlas Wearables Inc.
- Augmedix
- Avegant Corp.
- BBK Electronics Industry Co. Ltd
- Brain Scientific
- BSX Insight
- Casio America Inc.
- ConnectDevice Holding Ltd.
- DAQRI
- EarlySense
- FitBit Inc. (Google)
- Foxtel
- Free Wavz
- Fujitsu
- Garmin Ltd.
- Glofaster
- GOQii
- HTC
- Huawei Technologies Co. Ltd.
- Hövding
- iHealth Labs Inc.
- Instabeat
- Intel Corporation
- Jaybird
- Johnson & Johnson
- Jumpy
- Koninklijke Philips N.V
- Leapfrog Enterprises Inc.
- LG Electronics
- LifeBEAM Inc.
- Lifesense Group B.V.
- Magic Leap
- Matrix Industries
- Medtronic PLC
- Meta Company
- Meta Vision
- Microsoft
- Misfit
- Monster Inc.
- Motorola
- Neurotech
- Nike Inc.
- North
- NTT Docomo Inc.
- o-synce
- Oculus (Facebook)
- Ocutrx
- PAI Health
- Pebble
- Polar Electro
- Proteus
- Qardio Inc.
- Qualcomm Inc.
- RealWear
- Recon Instruments
- Reebok International Limited
- Roche Holding AG
- Samsung Electronics Co. Ltd.
- Seiko Epson Corp.
- ShotTracker
- Smiths Group plc
- Sony Corporation
- Soundbrenner Limited
- Sqord Inc.
- Stanford Biology
- StarVR Corp
- Suunto
- Timex.com Inc.
- Tlink
- Tobii AB
- Vivalnk
- Vuzix
- Weartrons Labs
- Westunitis
- WizardWatch
- Xensr
- Xiaomi Technology Co. Ltd.
- Zepp US Inc.
- ZTE Corporation
Methodology
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