Major Trends in the Wearable Fitness Technology Market
The wearable fitness technology market was worth USD 5.77 billion in 2016 and USD 12.44 billion by 2022, growing at a CAGR of 13.7% from 2016 to 2022. The market is likely to witness rapid growth in the coming years driven by consumer preference for sophisticated gadgets, increasing popularity of wearable fitness and medical devices, growing popularity of the Internet of things, increasing awareness about fitness and rise in disposable incomes in developing economies.
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