Stress Tracking Devices Market Size

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.

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 Size