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Global Wearable Device Market Anticipated to Grow at a Robust CAGR of 17.0% during 2016-2024

According to Goldstein Research, global wearable device market is expected to reach USD 19.28 billion by 2024, growing at a CAGR of 17.0% over the forecast period 2016-2024. Major driving factor for the expansion of wearable device market is the growing need for effective health management for chronic health conditions such as diabetes and obesity. Global wearable device market segmentation has been done on the basis of product type, end user and geography. Health and fitness wearable device is dominating the market. Leading market players such as Samsung, Apple, Garmin, Lenovo and Pebble are acquiring smart watches market with their innovative solutions. Global wearable device market is largely dominated by North America with a market share of 36.0% in 2016 owing to huge advancements and investments in the wearable technology and presence of leading players in the U.S. Market Segmentation On the basis of our in-depth analysis, Global Wearable Device Market can be segmented a...