Stress Tracking Devices Market Trends

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