1. Market Research
  2. > Wireless Technology Market Trends
  3. > Wearables: Snapshot of Consumer Sentiments on Activity Tracking Devices

Developing Key Market Insights and Trends

The wearable technology products market is booming by dint of its growth factors. Consumer-driven products can be specialty or conventional health monitors that extract data from specific devices such as an activity tracking wristband for pulse measurements or shoes that monitor the wearer's steps for a real-time self-assessment of fitness conditions or disease-specific health. This convergence of data-collection needs along with user needs through wireless wearable technologies is promising for manufacturers in this space. This research service analyzes a Frost & Sullivan consumer survey on wearable devices, particularly activity fitness trackers, offering key market insights and trends in consumer behavior.

Executive Summary

-Wearable technology products are a diverse and rapidly growing market with huge potential for market participants. Studies estimate that over million wearable devices will ship in 2014 and 2015, collectively.
oThe number of fitness/activity tracker sales between 2014 and 2015 are estimated to be over million.
oThe number of healthcare-related wearable devices and fitness/activity tracker sales are expected to be over million from 2014 through 2015.
-Given the shifts in the market in advance of other large work in the healthcare industry in 2014, Frost & Sullivan conducted a brief snapshot survey on wearable activity trackers. The survey captured data on the use of wearable technology in the patient-user ecosystem.
-Fitness wearable technologies, especially activity trackers, provide real-time data that the user can reference in his or her own self-monitoring/self-assessment. This data has provided health benefits to users.
-Frost & Sullivan views wearable technologies as a suitable tool for biometric data capture and targeted data monitoring in a consumer-driven market. With almost weekly releases of new wearable technologies, firms will need to specialize their products to address specific problems. Frost & Sullivan expects wearable technologies to become more specialized and to play a supportive role for experts in health and medicine.
-Access and price are considered leading drivers in the purchase of wearable devices. Manufacturers can produce fitness wearable solutions in abundance at low costs, thus feeding demand of new wearable technologies.
-Fitness wearable technologies are seeing great success in initial purchase value but are losing user base after about 6 months of device utilization. Firms are finding significant barriers to technology adherence after the novelty period wears off for users. Firms must find a solution to long-term user adherence of the device, both in the fitness and the healthcare industries.
-Successful firms of wearable technologies will become more disease or condition specific, with straightforward designs out of the box that can make the user experience uncomplicated yet data-rich.
-The to age group has been the fitness wearable technologies’ best target market. This age group is more likely to own or purchase a wearable activity tracker and more likely to wear an activity tracker more frequently than other age groups.
-Respondents with health conditions tend to wear an activity tracker more often than respondents with no reported health conditions.

Table Of Contents

Wearables: Snapshot of Consumer Sentiments on Activity Tracking Devices
1. EXECUTIVE SUMMARY

Key Questions This Study Will Answer
Research Objectives
Methodology
CEO's Perspective
Executive Summary: 3 Big Predictions

2. WEARABLE TECHNOLOGIES: KEY INSIGHTS

Key Insights
Technology Continuum
Discussion: Wearable Snapshot
Discussion: Incorporation of Data Into Daily Life
Key Vendors in Fitness/Activity Monitoring

3. SURVEY RESPONSES: WEARABLE ACTIVITY TRACKERS

Own a Wearable Activity Tracker
Benefits of Activity Trackers in Improving Health
Frequency of Wearing Activity Trackers
Likelihood of Wearing an Activity Tracker in 2014
Reasons for Stopping Use of an Activity Tracker

4. RESPONDENT PROFILE

Total Number of Household Health Conditions
Total Household Income
Age
Race and Hispanic Origin
Area
Education
Total Number of Health Conditions of Others in Household
Total Number of Health Conditions in Household

5. THE LAST WORD

Wearable Technologies: Hot Topic
The Last Word: 3 Big Future Predictions
Legal Disclaimer

6. APPENDIX

Market Engineering Methodology
Learn More—Next Steps

7. THE FROST and SULLIVAN STORY

Value Proposition: Future of Your Company and Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Wearable Technology Market by Product, Type, Application, and Geography - Global Forecast to 2022

Wearable Technology Market by Product, Type, Application, and Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

The wearable technology market is expected to reach USD 51.60 billion by 2022, at a CAGR of 15.51% between 2016 and 2022. Among the major factors propelling the growth of the wearable technology market ...

Top 10 Mobility Technologies Market by Technology & Geography - Global Forecast to 2022

Top 10 Mobility Technologies Market by Technology & Geography - Global Forecast to 2022

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

“Increasing demand for smart devices and technological advancements in wireless connectivity expected to drive the growth of the mobility technologies market during the forecast period” The Top 10 ...

IDC FutureScape: Worldwide Wearables and  Augmented Reality/Virtual Reality 2017 Predictions

IDC FutureScape: Worldwide Wearables and Augmented Reality/Virtual Reality 2017 Predictions

  • $ 4500
  • Industry report
  • November 2016
  • by IDC

This IDC study discusses the worldwide wearables and augmented reality/virtual reality 2017 predictions."Wearables and augmented/virtual reality stand to positively affect productivity," said Ramon T. ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.