Fitness Devices to Dominate the Wearables Market until 2018, with over 70 million Devices In-Use
Smart Watch shipments to overtake Fitness Devices as leading wearable in four years' time
Hampshire, UK - 25th November 2014: A new report by Juniper Research has found that fitness wearables in-use will almost treble by 2018, compared to an estimated 19 million in-use devices this year. Juniper expects fitness to remain the dominant wearables segment until that time, driven by intuitive use cases and lower retail prices. However, the broader appeal of smart watches will mean that they will be used more frequently in later years.
Fitness Market Stratification and Cannibalisation
The report, Smart Health & Fitness Wearables: Device Strategies, Trends & Forecasts 2014-2019, observed that the diversity of fitness wearables will bring about two classes of fitness device. Basic trackers, like the $13 Xiaomi MiBand, will sell on their value, while more complex devices, such as the Fitbit Surge, Microsoft Band and Samsung Gear Fit, will offer additional features beyond fitness, such as notifications and music control.
More capable devices will compete with smart watches, especially those that offer similar notification functions, like the MetaWatch M1 and Martian Notifier. However, more aesthetically-minded consumers will still choose watches, as fitness-focused devices will prioritise function over form.
Wearables to Enable Self-Help Healthcare
The report anticipates that sales of healthcare-focused wearable devices will increase, from wearable ECGs (electrocardiograms) to glucose monitors and insulin pumps. While they are currently used in areas where self-medication is the norm, capabilities will expand to allow monitoring by healthcare professionals in other areas. This will only happen once questions around regulation are answered, however.
Other Key Findings Include:
- Fitbit will remain the leading player for fitness tracking, although their decision not to integrate with Apple Health may harm their market share in the short term.
- With engagement a key pain point for fitness wearables, start-up GOQii is pioneering a new service-based business model, offering contact with fitness coaches alongside their device.
The whitepaper, Fit for the Future with Wearables is available to download from Juniper Research's website together with further details of the full report..
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
For further details please contact Sam Smith, Press Relations.
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