Fitness trackers take off in India (FIT)

Global Fitness Tracker Device Unit Shipments Forecast BI Intelligence

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Fitness trackers accounted for 88% of a 400,000 wearable inclination sole in India in a initial entertain of 2016, according to IDC cited by The Indian Express.

IDC records that a wearables marketplace in India is fast growing, privately in civic areas with aloft incomes. The tip vendors during Q1 2016 enclosed Xiaomi (27% marketplace share), GOQii (18%), and Fitbit (6%).

There are several reasons India is a constrained marketplace for wearable makers:

  • India’s smartphone marketplace has done it developed for wearable adoption. India is the second largest smartphone marketplace in a world, carrying surpassed a US in January. This is critical as smartphones are a exigency to aptness tracker use given they need a smartphone app as a primary interface.
  • The cost of aptness trackers has decreased as a underlying record has turn mainstream. Xiaomi, in particular, is carrying a lot of success in India with a really affordable Mi Band aptness tracker, that retails for approximately $13, according to IDC. Comparatively, a bottom indication of a Fitbit retails for $80 in a US.
  • Demand and adoption has been healthy. Wearable shipments volumes augmenting by 67% year-over-year (YoY), totaling 19.7 million units in Q1 2016, according to a IDC.

The health zone is a many earnest area for wearables adoption. Several rising consumer and veteran medical trends, that dovetail with advances in health record over a past 5 years, are pushing seductiveness in wearables. And where wearables are many ordinarily used for fitness-tracking functions during a moment, they uncover good intensity for widespread adoption in a medical sector.

Will McKitterick, comparison investigate researcher during BI Intelligence, has gathered a minute news entitled The Wearables in a Healthcare Sector Report that examines a use cases for wearables in health, trimming from consumers collecting aptness information to medical providers and insurers regulating wearables to urge health outcomes.

The report also explores barriers to widespread adoption of wearables in medical and how tech giants, including Apple, Google, and Samsung, are building inclination and platforms that will assistance overpass a opening between aptness tracking and discernible medical care.

Here are some pivotal points from a report:

  • While adoption levels are growing, a wearables marketplace is still in a early phases of expansion. We guess tellurian shipments will boost during a devalue annual expansion rate (CAGR) of 24.8% over a 5 years, reaching 162.9 million units in 2020.
  • Emerging consumer and veteran medical trends are pushing seductiveness in wearables. For consumers, seductiveness in quantifying personal health metrics is translating into direct for aptness tracking inclination and smartwatches. Meanwhile, businesses in a accumulation of industries have been discerning to clarity a opportunities for harnessing health information from employees, consumer, and patients to assistance expostulate efficiencies and raise services associated to healthcare.
  • Barriers sojourn restraint a widespread adoption of wearables in a medical sector. Device correctness and law are dual vital adhering points for device makers and technologists to address. Concerns surrounding remoteness and a miss of application contingency also be addressed.
  • Consumer-facing products will eventually be used for some-more modernized medical care. Tech giants, including Apple, Google, and Samsung, are investing poignant resources into building inclination that will assistance overpass a opening between aptness tracking and discernible medical care. Future products will offer both consumer and veteran markets.

In full, a report:

  • Looks during areas of a medical zone where wearables might have a discernible impact in years to come.
  • Examines what broader trends in medical and record are pushing wearables adoption.
  • Discusses how vital tech players, including Apple, Google, and Samsung devise on transforming consumer wearables into absolute medical devices.
  • Identifies a tip hurdles to wearables adoption in a medical sector.

To get your duplicate of this useful beam to a universe of wearables, select one of these options:

  1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and benefit evident entrance to this news AND over 100 other expertly researched deep-dive reports, subscriptions to all of a daily newsletters, and most more. START A MEMBERSHIP
  2. Purchase a news and download it immediately from a investigate store. BUY THE REPORT

The choice is yours. But however we confirm to acquire this report, you’ve given yourself a absolute advantage in your bargain of a wearables in a medical sector.

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