Smart Wellness Market Highlights:
Smart wellness application is meant to help users to analyze their fitness activities and understand their efforts to burn fat and stay fit. The new research report about the global smart wellness market published by Market Research Future (MRFR) observes boost for this market at 24.46% CAGR between 2017 and 2023. By value, the market can be worth USD 520.29 bn by the end of the forecast period.

A major market driver for the global Smart Wellness Market growth is increasing adoption of smartphones with integrated smart wellness applications. Other market drivers include growing urbanization, growing awareness about health monitoring, population boom, and surging demand for portable healthcare devices. The increasing adoption of smartphones also boosts the market by allowing easy access to fitness and wellness apps via app stores.

Major Key Players:
Major players in the global smart wellness market include Apple Inc. (USA), Draeger Medical Systems Inc. (Germany), Fitbit Inc. (USA), GE Healthcare Inc. (USA), McKesson Corporation (USA), Medtronic PLC (USA), Omron Healthcare Inc. (Japan), Philips Healthcare Company (the Netherlands), Samsung Electronics (South Korea), and St. Jude Medical Inc. (USA).

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Smart Wellness Market Segmentation:
The global smart wellness market segmentation covers component, connectivity, end-user, and type. MRFR’s intention is to take a close look at features of these segments to understand market trends.

According to component-based segmentation, this market covers hardware, software, and services. The hardware segment has been sub-segmented into personal medical devices and wellness products. The personal medical devices sub-segment has been further segmented into blood pressure (BP) monitor, body analyzer, diabetes monitor, insulin pump, personal electrocardiography (ECG), personal pulse oximeters, portable global positioning system (GPS) personal emergency systems (PERS), smart pill dispenser, and others. The wellness products sub-segment has been further segmented into GPS sports watch, sleep quality monitor, and others.

The software segment has been sub-segmented into online subscriptions, smart wellness apps, and others. The services segment has been sub-segmented into managed services and professional services. During the forecast period, hardware, the largest sub-segment is expected to grow with 24.82% CAGR.

Regarding connectivity, the market has been segmented into Bluetooth, Wi-Fi, and others. Holding the larger market share, Bluetooth sub-segment is expected to grow at 24.83% CAGR during the forecast period.

Smart Wellness Market Regional Study:
The regional segmentation of the global smart wellness market covers North America, Europe, Asia Pacific, and rest of the world (RoW).

North America has been anticipated to stand as the largest regional market during the forecast period due to technological advancements, availability of various innovative solutions, and increased adoption of smart wellness devices across various end-users in USA and Canada. Mexico is the third crucial country-specific market in this region. Many important market players are based in this region, and most people in North America are very health-conscious.

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Latest Industry News:
• Lenovo has released a new Smart Band Cardio 2 fitness tracker in India. It features heart rate Monitor and 20-day battery life. 4 JUL 2019

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