This wearable app technology in today’s world is a monitoring device and makes a fashion statement. Wearable fitness technologies have become a key part of today’s fitness culture, and the industry is only expanding. In this article, we zoom in on the most significant trends and statistics in wearable fitness technology to show you the potential of this massive market, both today and in the future. According to the Worldwide Survey of Fitness Trends for 2020 carried out by the American College of Sports Medicine, If you like to use this technology, it is now essential to you have a close … Thank you for subscribing! The wearable technology has evolved owing to the emergence of MEMS sensors. You'll get great content and exclusive offers. If you’d like to learn more, keep a close eye on our blog, where our experts publish their insights about the future of digital healthcare. Press release - Market Insights Reports - Wearable Technology Market 2020 Trend by Top Players - Fitbit (US), Apple (US), Xiaomi Technology (China), Garmin (US) - published on openPR.com The smart wearable market was valued at 216. Thanks to the growing popularity of wearable devices, insurers can now reduce the rising cost per patient by using them as a means of increasing the customer lifetime value. They’re going to grow by 50% to 150 million units shipped in 2022. This new trend allows you to quickly check your notifications in a meeting discreetly, with a quick glance at your ring. Discover more insights and trends today. Global Wearable Technology Market is valued approximately USD 28 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 15.51 % over the forecast period 2020-2027. Fitness trackers are not exactly new, but these devices are certainly reaching new heights in 2020. One of these is arguably wearables for mental health and wellbeing, an area which is dominated by female leadership. The use of mobile applications for health management now sits at 35 percent adoption in 2020 (down from 48 percent in 2018), a new report from Accenture finds.And the use of wearable technology for the same purpose is … 40 million units by 2025, at a CAGR of 19. Follower of the statement: "if you want something you never had you have to do something you've never done". These wearable gadgets monitor the user’s vital signs and collect highly-accurate health data. The Gallup report points to several segments in the user groups of wearable fitness tech: When put together, gender and age differences accentuate the tendencies and use of such technology. That’s why smartwatches are going to become such a critical part of this industry in the near future. Other common futures of smartwatches in 2020 include GPS location that helps you find your way and improves navigation. Despite the wider adoption of wearables, encouraging patient compliance remains a challenge. The Wearable Technology Market was valued at USD 27.91 billion in 2019and is expected to reach USD 74.03 billion by 2025, at a CAGR of 17.65% over the forecast period 2020- 2025. In this future, more insurance companies will look into the possibility of making wearable technology one of their key strategies. The research of IDTechEx covers these as well. If you use a smartwatch or a fitness tracker to track your activity, heart rate, or sleep quality, you are among the millions of adults who use wearable devices today. Fitness trackers and wearables are today far more affordable, accessible, and capable of capturing all kinds of health data that are relevant to target audiences of such products. We have never lived in a time of faster and more transformative (Plus Exclusive Tech Deals and Our Digital Magazine). Wearable app development trends are expected to reach up to 614.31 million units in 2025. Medical wearables are another example of wearable technology that is helping to keep us healthy, and part of a wider trend of high-tech healthcare. Smart rings technology has actual been around for several years, but it is only now that we’re really seeing it enter the mainstream. Among them, smartwatches will be the ones to gain more popularity. Stay tuned… Wearable Technology & Mobile Apps: The portable partnership Hearables also include cutting-edge technology that replaces the traditional hearing aid: hearables are worn in the ear canal similar to old-style hearing aids, but uses the latest technology to deliver a number of benefits of advantages to the wearer. If so, a smart ring may be just what you’re looking for. technology; Top tech trends of 2020: from medical help on your wrist to flying cars, this is what to expect. According to the “Worldwide Survey of Fitness Trends for 2020,” the top 10 fitness trends are: Wearable technology: Includes fitness trackers, smart health watches, heart rate monitors and GPS tracking devices. Organizations that offer two or fewer such practices saw a turnover of 29%. A survey carried out by Gallup shows even more interesting details of the wearable fitness technology market in the United States (which is the second-largest market for wearable devices in the world): What about the users of wearable fitness technology? Employers that offer five or more health best practices to their staff reported having an average turnover of 18%. Smart Wearable Market - Growth, Trends, Forecasts (2020 ... connect to the internet and provide data exchange options between a network and a device, are leading to the trend of wearable technology. *Your information will only be used to send you great content and special offers. How does it work? August 20th, 2020 Sophie Garrod. These are indispensible tools for people with hearing problems how may struggle to hear normal conversations and other sounds. Hearables are part of the latest generations of wearable devices. Latest Wearable Technology Trends 2020. Smart watches are a convenient and portable way to keep track and keep in touch, but what if you’re looking for something even more discreet? According to Business Insider Intelligence research, a healthier corporate culture reduces employee turnover. As women are having a greater impact in the tech industry, it is perhaps not surprising to see this reflected in the new types of products that are being developed. Access to wearable fitness technology could become a significant work for employees who want to stay healthy and appreciate their employer’s support in achieving this objective. By the end of 2020, Statista estimates that close to 442 million users will own at least one wearable device. 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