How is the Stress Tracking Devices Market Poised for Growth: Trends and Opportunities Through 2034
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What fueled the previous growth in the stress tracking devices market?
In recent years, the market size of stress tracking devices has been booming. These devices are projected to rise in value from $3.14 billion in 2024 to $3.43 billion in 2025, with a compound annual growth rate of 9.3%. The historical growth trend can be traced back to factors such as the growing prevalence of health problems linked to stress, the mounting awareness around mental health, escalating healthcare expenses, expansion in health and wellness trends, demand surge for personalized health tracking, and breakthroughs in mobile health applications.
What will be the stress tracking devices market size in the future?
The market for stress tracking devices is predicted to experience significant expansion in the coming years, with an expected worth of $4.83 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 9.0%. Factors propelling growth during this forecast period include the increased use of telehealth services, heightened consumer interest in comprehensive health solutions, a developing emphasis on workplace wellness initiatives, the outreach of mental health awareness programs, and enhanced connectivity in wearable and intelligent devices. Key trends to follow throughout the forecast period consist of the application of artificial intelligence for individualized insights, the use of biosensors for precision readings, developments in wearable tech, improvements in real-time stress tracking, digital platform evolution, and progress in sensor technology.
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What main drivers are fueling expansion in the stress tracking devices market?
The escalation of stress-induced health conditions is anticipated to fuel expansion in the market for stress-tracking devices. These disorders, which can harm mental wellness and physical health, stem from sustained or intense stress, with examples including anxiety and depression. Increased job-related stress and lifestyle transformations that amplify stress levels are primary contributors to these disorders. Devices that monitor stress help handle these conditions by tracking physiological stress indicators such as heart rate and sleeping habits, enabling early detection and steps to temper the effects of stress. As an illustration, the American Psychiatric Association, a professional group of psychiatrists in the U.S, reported in May 2024 that the percentage of adults feeling anxious rose from 32% in 2022 and 37% in 2023 to 43% in 2024. Consequently, the burgeoning incidences of stress-induced disorders are the key driver propelling market growth for stress-tracking devices.
What key areas define the segmentation of the global stress tracking devices market?
The stress tracking devices market covered in this report is segmented –
1) By Type: Basic Wearable, Smart Wearable
2) By Technology: Electrocardiogram (ECG), External Speaker, Global Positioning System (GPS), Heart Rate Sensor, Kids’ Device, Megapixels, Microphone, Near Field Communication (NFC), Skin Temp Sensor, Other Technologies
3) By Sensor Type: Salivary Sensors, Sweat Cortisol Sensors, Wearable Sensor
4) By Operation Mode: Tethered, Standalone, Both
5) By Application: Online Sale, Offline Retail
Subsegments:
1) By Basic Wearable: Simple Fitness Trackers, Heart Rate Monitors, Basic Sleep Trackers, Step Counters And Pedometers, Non-Smart Fitness Bands
2) By Smart Wearable: Smartwatches With Stress Tracking Features, Advanced Fitness Trackers With Stress Analytics, Health Monitoring Smart Rings, Wearable ECG Monitors, Smart Glasses With Stress Monitoring Capabilities
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Who are the dominant players expanding their reach in the stress tracking devices market?
Major companies operating in the stress- tracking devices market are Apple Inc., Google LLC, Samsung Group, Xiaomi Corporation, Garmin Ltd., Spire Inc., Zepp Health Corporation, Whoop Inc., Oura Health Oy, NeuroSky Inc., Qardio Inc., Emotiv Inc., Nielsen-Kellerman Co, Leaf Therapeutics LLC, Welltory Inc., Biostrap Inc., Carré Technologies Inc., Emfit Ltd., Pebble Technology Corp, Hanu Health Inc., Gabit Technologies Private Limited
How are evolving market trends shaping stress tracking devices Strategies?
Major players in the stress-monitoring device market are creating fitness trackers to heighten stress control and overall wellness. These wearable devices are designed to keep track of and log various health metrics and physical activities such as step count, heart rate, calorie burn, sleep cycle, and stress levels. This aids users in managing their health and monitoring fitness objectives. For instance, Fitbit— a tech company based in the US, unveiled Fitbit Sense in April 2024. It integrates advanced features geared towards stress management, heart health, and overall well-being. The Fitbit Sense is distinguished for being the maiden smartwatch to incorporate an Electrodermal Activity (EDA) sensor that gauges stress responses in the body by tracking slight electrical modifications in the skin’s sweat level. This feature permits users to conduct EDA scans for a clearer grasp of their stress levels. The device computes a daily Stress Management Score with inputs from stress responsiveness, activity levels, and sleep cycles. This score aids users in understanding their physical stress indicators.
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Which regions are emerging as leaders in the stress tracking devices market?
North America was the largest region in the stress-tracking devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the stress tracking devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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