Stress Tracking Devices Market Size & Share, by Product Type (Basic Wearable, Smart Wearable); Sensors Type (Salivary Sensors, Sweat Cortisol Sensors, Wearable Sensor); Technology (EC, External Speaker, GPS, Heart Rate Sensor, Kids' Device, Megapixels, Microphone, NFC, Skin Temp Sensor, Touchscreen, UV Sensor, Waterproofing); Operation Mode (Tethered, Standalone, Both); Distribution Channel (Direct, Indirect)- Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5917
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Stress Tracking Devices Market
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Stress Tracking Devices Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Geriatric Population - Individuals 65 years of age or older are more vulnerable to heat stress which can lead to heat exhaustion, heat cramps, heat rashes, or heat stroke which necessitates the use of stress tracking devices for assessing and tracking vital signs in the general public. According to the World Health Organization (WHO), the number of individuals 60 years of age and over will double to 2.1 billion worldwide by 2050.
  • Growing Burden of Work-Related Stress - Stress at work is a major contributor to poor physical and mental health, low productivity, and human mistakes, and is an issue that is becoming worse globally, leading to higher demand for stress tracking devices since unmanaged high levels of stress over time can be taxing on the health.
  • Increasing Prevalence of Hypertension - One sign of stress is high blood pressure, which may be measured by wearing a wearable device or blood pressure monitors over several days to identify everyday stress-induced blood pressure rise in working individuals.For instance, each year, high blood pressure is directly responsible for more than 8 million fatalities globally.

Challenges

  • Limited awareness - Many individuals especially in lower economic regions are not aware of the consequences of stress and its negative impact on their daily lives. This may result in slower adoption of stress-tracking devices.
  • Security and data privacy concerns - Healthcare wearables readily disregard others' privacy as they obtain more and more private information about users, which increases the privacy dangers already present in the mobile environment, and also since many wearable devices share data with third-party apps and services.
  • Accuracy and reliability issues may limit the market growth

Stress Tracking Devices Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~7%

Base Year Market Size (2023)

~ USD 3 Billion

Forecast Year Market Size (2036)

~ USD 6 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Stress Tracking Devices Segmentation

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:

           Product Type

  • Basic Wearable
  •  Smart Wearable

           Sensors Type

  • Salivary Sensors
  •  Sweat Cortisol Sensors
  •  Wearable Sensor

           Technology

  • EC, External Speaker
  •  GPS
  •  Heart Rate Sensor
  •  Kids' Device
  •  Megapixels
  •  Microphone
  •  NFC
  •  Skin Temp Sensor
  •  Touchscreen
  •  UV Sensor
  •  Waterproofing

            Operation Mode

  • Tethered
  •  Standalone
  •  Both

            Distribution Channel

  • Direct
  • Indirect

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Stress Tracking Devices Industry - Regional Synopsis

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.

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Stress Tracking Devices Market Size
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Companies Dominating the Stress Tracking Devices Landscape

top-features-companies
    • Xiaomi Technology Co. Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Oura Health Oy.
    • NeuroSky
    • Fitbit Inc.
    • Apple Inc.
    • SAMSUNG
    • Pebble Technology Corp.
    • Google Inc.
    •  Garmin Ltd.

In-the-news

In The News

  • Xiaomi Technology Co. Ltd. announced the launch of the Smart Band 8 Pro fitness tracker, the Watch S3 smartwatch, and the Watch 2 smartwatch providing strong health tracking that guarantees durability and allows clear displays for the band's health indicators, exercise data, alerts, and more. The smartwatch assists runners in keeping their desired pace while completing ten distinct on-wrist running courses, and can even evaluate the form and technique of running.
  • Oura Health Oy. Announced the introduction of a new stress management feature in its smart ring known as the “resilience feature” which helps people keep calm in stressful situations, and helps in enhancing mental strength with the help of data curated by the smart ring.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5917
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing spending on healthcare across the globe and the integration of advanced technologies are the major factors driving the growth of the market.

The market size of stress tracking devices is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are Oura Health Oy., NeuroSky, Fitbit Inc., Apple Inc., SAMSUNG, Pebble Technology Corp., Google Inc., Garmin Ltd., and others.

The rechargeable segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Stress Tracking Devices Market Report Scope
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