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by Stef Calimlim (Content Editor)
Image from PixabayEven before the advent of the coronavirus pandemic, health and wellness gadgets have already been growing in popularity. Between 2014 and 2020, Statista projected that the global smart healthcare market would grow from US$4.5 billion to almost US$51 billion. Meanwhile, P&S Research predicted that the market size of internet-connected healthcare gadgets is set to reach $267.6 billion by 2023.
Driven primarily by the COVID-19 health crisis and technological advancements, the digital health and wellness market has been growing rapidly since. Several companies are focused on improving the health experience of consumers by integrating artificial intelligence (AI), Internet of Things (IoT), wireless sensor networks and 5G technologies into health devices.
Personal health and wellness monitoring has become an indispensable part of consumers' daily lives, especially as the world continues to navigate through the pandemic. The growing reliance on digital health and wellness devices due to the increasing awareness of consumers of their health and improvements of social media platforms have expanded innovation and access significantly over a short period of time.
According to Fortune Business Insights, the fitness wearables market alone will continue to grow and reach US$114.36 billion in 2028. Technavio, on the other hand, stated that the global health and wellness market is expected to grow by US$1,299.84 billion between 2020 and 2024.
Here are some of the most popular digital health and wellness devices that buyers can source from Global Sources verified suppliers:
According to Research and Markets, the global fitness market size is set to reach US$138.7 billion by 2028, with rising fitness awareness, the growing adoption of smartphones and rising cases of sedentary lifestyle-related health problems as key drivers. Fitness trackers monitor heart rate, breathing, calorie count, sleep, steps, physical activities, hydration and food intake.
Smart health watches combine the features of a typical smartwatch and that of fitness trackers. These enable users to track their fitness level and other personal activities, and have GPS, SMS, calendar, e-mail, social media alert and calling functions.
Digital blood pressure monitors are portable and easy-to-use. Some monitors offered in the market today have smart features that lets users manage data through smart devices. According to Grand View Research, the global market for blood pressure monitoring devices was valued at USD 1.4 billion in 2020 and is expected to expand at a CAGR of 11.2 percent from 2021 to 2028.
Daily testing of blood sugar is important for patients with diabetes. Digital glucometers are not just portable and minimally invasive but they also deliver accurate readings, with some advanced units even allowing users to read data through their smart mobile devices.
According to Grand View Research, the growing awareness of pulse oximeter use in COVID-19 management and the prevalence of target diseases such as asthma, diabetes, hypertension, sleep apnea and cardiac arrhythmia, among others, is driving the growth of the global pulse oximeter market which is expected to expand at a CAGR of 6.4 percent from 2021 to 2028.
Discover a wide range of innovative and high-growth health and wellness gadgets from Global Sources verified suppliers.
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