The fitness trackers market in Middle East & Africa is witnessed in gaining traction over the shares of the market from recent years.
Escalating expenditure on healthcare is a key driving factor for the market to grow. The rise in the utilization of smartphones and laptops is accelerating the growth rate of the fitness trackers market eventually in this region. In addition, a growing number of people suffering from diabetes, asthma, and other cardiovascular problems are expanding the growth of the market. People's interest to keep the focus on their physical activities by measuring a number of calories burnt, heart rate and others are solely accelerating the demand of the market. IT sector is also playing an important role in manufacturing the devices with the latest features which are highly accurate and convenient for the users. The aforementioned attribute is promoting the demand of the market to the extent. Wireless technology made easy to connect with smartphones and laptops where user can have a brief history of the physical activity which is impacting positively on the growth of the market.
Increasing awareness to monitor fitness-related measurement among individuals is considered to be a major driving factor for the market to grow. Physicians are highly recommending these devices to their patients to monitor heart rate and other important activities which are also accelerating the demand for the market. Through campaigns and digital advertisements, the popularity of fitness trackers is increasing day by day and this is elevating the demand of the market to the extent. The rise in the number of people suffering from various diseases and increasing prevalence to improve services in healthcare centers is accelerating the growth rate of the fitness trackers market in the Middle East & Africa.
However, the lack of certain knowledge over the designs and manufacturing them accordingly is slowly hampering the growth rate of the market. Rapid changes in the economic strategies may also impact negatively on the growth of the fitness trackers market in Middle East & Africa. Decreasing the production rate of the devices due to security and data threat issues remains a challenging attribute for the market players. In rural areas, people are not aware of these devices and their benefits which are inhibiting the demand of the market.
As the internet of things is going popular in every corner of the world and this is anticipated to create growth opportunities for the market. The emergence of the latest technologies and introduction of innovative devices in favor of the users at reasonable prices is additionally leveraging the demand of the Middle East & Africa fitness trackers market. The trend towards to record and monitor a number of steps taken, heart rate, sleep duration and a number of calories burnt while doing exercises or performing sports activities is ascribed to boost up the demand of the fitness trackers market in the Middle East & Africa.
This research report has been segmented & sub-segmented into the following categories:
UAE stands first in holding the largest shares of the market in the Middle East & Africa. Rising concern towards health is a major factor influencing towards growth side. Increasing disposable income is another factor lavishing the growth rate of the fitness trackers market. Saudi Arabia and South Africa are following UAE in leading dominant shares of the market by owing to the quick adoption of the latest technology and also growing prevalence for innovative products. Constant economic growth is evenly fueling the demand of the market in these countries. Nigeria and the rest of the Middle East & Africa are anticipated to have inclined growth rates in the coming years with the emergence of e-commerce in every sector. Rising competition between the players is to enhance growth opportunities for the market.
Companies playing a prominent role in the MEA Fitness Trackers Market profiled in this report are Fitbit, Inc., Apple Inc., Adidas AG, Xiaomi Inc., Samsung Electronics Co. Ltd., Nike Inc., Moov Inc., Lumo Bodytech Inc. and Jawbone.
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