Wearable Sun & Light Tracker Market - Regional Analysis
North American Market Insights
North America industry is anticipated to account for largest revenue share of 38% by 2035. The market in the region is expected to grow at a CAGR of 19% over the forecast period. The growth of the market can be attributed majorly to the rising cases of melanoma in the region. According to the American Cancer Society, Inc., 97,610 new cases of melanoma are predicted to be discovered in the United States in 2023. Melanoma rates have been increasing rapidly in recent decades; however, this has differed with age. Although men's rates have stabilized, women's rates have kept on growing by around 1% per year between 2015 and 2019.
Europe Market Insights
The European wearable sun & light tracker market is estimated to be the second largest by the end of 2035. The growth of the market can be attributed majorly to the growing demand for testing vitamin D levels. Based on a recent study, vitamin D testing has increased dramatically across Europe. According to the latest extensive observational data, around 13% of Europeans have severe vitamin D deficiency and 40% are vitamin D deficient. This has increased the need for constant monitoring of vitamin D among people.
