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Global Wearable Technology Market: A Current Market Overview and Future Prospects 2012 - 2018: Transparency Market Research
Date:9/3/2014

Albany, New York (PRWEB) September 03, 2014

The report states that the global wearable technology market, which valued nearly USD 750.0 million in 2012, is expected to rise with a CAGR of 40.8% during the forecast period of the report, i.e. between 2012 and 2018, and rise to a value worth USD 5.8 billion by 2018. North America, the current leaders of the market, could also top the market by the end of the forecast period, garnering an expected 43.0% share of the global wearable technology market. Wearable technology or wearable electronics refer to the electronic devices that are incorporated with items of daily wearing, such as clothes, jewelleries or accessories, and can be easily worn on the body.

Browse the full "Wearable Technology Market - Global Scenario, Trends, Industry Analysis, Size, Share And Forecast 2012 - 2018" report: http://www.transparencymarketresearch.com/wearable-technology.html

Wearable technology is still in its nascent stages and finds its major applications in the fields of medicine, wellness and fitness, military forces and infotainment (information fused with entertainment). Common wearable devices in the wellness and fitness segments include activity monitors, sleep sensors and smart clothing. The infotainment segment includes products such as smart glasses, smart watches, etc. The healthcare segment is flourished with products such as smart monitoring devices such as continuous glucose monitoring devices, implantable devices for timely drug delivery and wearable patches.

According to the report, the end-user segment of healthcare and medicine garnered the largest amounts of revenues for this market in 2012 and accounted for an estimated 35.1% of its shares. This was followed by the
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