Stress Tracking Devices Market size is expected to reach USD 6 Billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of stress tracking devices was USD 3 Billion. The reason behind the growth is impelled by the growing spending on healthcare across the globe. Government health spending at all levels of national affluence has been the main driver of the rise in global healthcare expenditures as a percentage of world GDP.
According to the World Health Organization (WHO), health spending has risen to a record high of US 9 trillion about 11% of global GDP.
The integration of advanced technologies is believed to fuel market growth. The potential application of the Internet of Things (IoT) to improve wellness and preventative health management has come to light, which is designed to monitor a person's body temperature, perspiration, and motion rate during physical exercise to determine how stressed they are.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~7% |
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Base Year Market Size (2023) |
~ USD 3 Billion |
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Forecast Year Market Size (2036) |
~ USD 6 Billion |
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Regional Scope |
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Product Type (Basic Wearable, Smart Wearable)
The smart wearable segment is predicted to account for 55% share of the global stress tracking devices market by 2036. owing to the growing demand for smartwatches. Demand for smartwatches is anticipated to be high in the coming years owing to the increasing usage of wearables in various applications, and growing interest in tracking fitness and health. The market is starting to pick up steam for wearables in smart accessories since sensors in wearables monitor physiological and biometric data, including blood oxygen level, heart rate, temperature, mobility, and so on. A stress tracking device is a wearable gadget that measures physical and mental well-being in addition to monitoring stress by wirelessly transferring stress-related data to the user's smartphone and continuously monitoring the user's mental stress. For employees who work remotely, wearable Internet of Things stress monitors use cellular and Bluetooth technology to track environmental and personal health data which helps keep an eye on field workers' safety when cellphone service is accessible but Wi-Fi is not.
Technology (EC, External Speaker, GPS, Heart Rate Sensor, Kids' Device, Megapixels, Microphone, NFC, Skin Temp Sensor, Touchscreen, UV Sensor, Waterproofing)
The GPS segment in the stress tracking devices market is set to garner a notable share shortly. GPS-enabled smartwatches have also been used to track stress levels and can offer breathing exercises to assist balance your stress levels without the need for additional equipment or complicated procedures.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Sensors Type |
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Technology |
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Operation Mode |
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Distribution Channel |
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North American Market Forecast
Stress tracking devices market in North America is predicted to account for the largest share of 40% by 2036 impelled by the highest prevalence of stress. An increasing number of adult Americans are coping with stress owing to financial difficulties, housing, employment, or family issues, as well as prejudice or discrimination, which is expected to drive the demand for stress-tracking devices. For instance, the world's most stressed-out people are Americans, who are currently experiencing more than 15% points more stress than the world average. In addition, the delivery of health care services is evolving in the US owing to technological advancements, which have led to the creation of multiple health applications, which enable patients to obtain timely and precise medical care.
European Market Statistics
The Europe stress tracking devices market is estimated to be the second largest, during the forecast timeframe led by the growing health awareness. By implementing several initiatives, and using culture to promote health across the continent the European Union's actions have resulted in a heightened consciousness regarding the significance of optimal health and overall well-being. For instance, the European Mental Health Week is a pan-European initiative that gives opportunity to everyone to discuss all facets of mental health, and share personal accounts of overcoming challenges both personally and generally.
Author Credits: Radhika Gupta, Shivam Bhutani
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