Increasing the attractiveness of smartwatches and increasing the market share of smartphones both lead to profitable market expansion opportunities. Other key factors driving the growth of the fitness trackers market include expanding offline sales channels, increasing support for well-known brands, growing health care costs, especially in developing countries, and improving product performance.

The global fitness trackers market was pegged at ~US$ 37.43 billion in 2021. The market is expected to witness a CAGR of ~17.5% from 2022 to 2030.

The use of e-commerce platforms includes continuous advances in the manufacturing-related materials used by fitness trackers. In addition, the fitness trackers synchronize with smartphones to provide insightful data on heart rate, pace and calories burned to improve overall health awareness. These innovations and benefits offered by fitness trackers manufacturers to gain market share are expected to grow the market during the forecast period. In addition, several economic factors are expected to drive expansion, including higher per capita health care costs, increased investment in cutting-edge technology, and improved health infrastructure.

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Key players:

Garmin Ltd., Apple Inc., Fitbit (Google), Nike Inc., Casio Computer Co. Ltd., Xiaomi Corp., Adidas Inc., Samsung Group, Hexoskin, and Catapult among others.

Segmentation By Device Type:

• Smartwatches
• Smart Glasses
• Fitness Bands
• Smart Clothing

By Application:

• Heart Rate Monitoring
• Blood Pressure Monitoring
• Oxygen Levels Monitoring
• Sleep Monitoring
• Calorie Count

Regional Analysis-

• The Asia-Pacific market is anticipated to grow at a higher CAGR during the forecast period.
• Major factors contributing to the growth of Fitness Trackers market in this region include the rising incidence of chronic infectious diseases, rising awareness regarding growing applications of Fitness Trackers, and increasing research activities in the field of Fitness Trackers.
• The emergence of local players and new product launches has also played a critical role in boosting the Fitness Trackers market in this region.

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Key Questions Answered in the Report Include:

(1) This report gives all the information about the industry analysis, revenue, and overview, of this market.
(2) What will be the rate of increase in market size and growth rate by the end of the forecast period?
(3) What are the major global Fitness Trackers Market trends influencing the development of the market?
(4) What are the vital results of SWOT analysis of the major players operating in the Fitness Trackers Market?
(5) What are the potential growth opportunities and threats faced by Major competitors in the market?

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