Wearable Technology Market Share

North American Market Forecast

The North America wearable technology market is projected to have the highest growth with a significant share of 30 % in the upcoming years. This can be attributed to the growing prevalence of chronic disease in the region, along with a surge in the aging population. Six in ten Americans have at least one chronic illness, such as diabetes, cancer, heart disease, and stroke. Moreover, the development of smart wearables by many well-known companies in North America is expected to propel wearable technology in the future.

APAC Market Statistics

The Asia Pacific wearable technology market is estimated to be the second largest, to have the highest growth. The benefits of wearable technology are its flexibility in operational efficiency, convenience of use, and capacity to deliver real-time data. This has led to a huge demand for wearable sensors and other technology in the Asia Pacific. Moreover, expanding research and development skills in sensor technology are other regional growth factors.