Digitalized Health Monitoring Through The Smart Rings

The smart ring is a kind of electronic device that is wearable having the capacity to connect with electronic gadgets like smartphones. Just like the smartwatches, the smart rings can also connect with the smartphones by enabling the notifications and other operations through simple gestures. This type of rings has been gaining massive popularity as it has enhanced major factors of comfort, functionality, and mobility. With easy accessibility and connectivity, the smart rings demand has been growing rapidly. Although the smart rings can be used as a jewelry, basically it is used as a health monitoring product.

Segmentation of the smart ring's market by its application and technology

The smart rings market on the basis of its application is classified as health and wellness, notifications, payment, security and data transfer. On the basis of its technology, the smart ring's market is classified as NFC technology and Bluetooth technology. The devices that are Bluetooth enabled has accounted for the major market share in the year 2016. People who are very much familiar with this type of smart rings can better understand the technology.

Geographical segmentation of the smart ring's market

Geographically, the smart ring's market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa. According to the market research reports, the Americas have resulted to be the largest shareholder in the smart ring's market.

Few benefits of the smart ring's market

The growing trend of digitalization across the various industries is making the consumers use the smart wearable devices like the smart rings. Growing health awareness amongst the consumers is also one of the major reasons behind the growth of the smart ring's market. There are different types of smart rings which offer the features of both health and wellness. Sleep, heartbeat and many other activities can be easily monitored with the help of the smart rings as the smart rings stay connected with the smartphones. Along with it, the smart rings also have features like secure personal access control. This device is gaining popularity for its different features and smart control applications. More and more consumers are now going for the usage of the smart rings.

Factors affecting the growth of the smart ring's market

There are several factors that are affecting the growth of the smart ring's market. Some of them are listed below:

·         High unit sales of the product.

·         Early penetration in any specific region.

·         Presence of numerous vendors who has the crowdfunding campaigns.

·         Openness and adaptability of the consumers towards the usage of the smart wearable technology like the smart rings.

Key vendors of the smart ring's market

According to the recent market research reports, there are several key players in the smart rings market who are directly influencing the market growth. The prominent key players in the smart rings include companies like Jakcom, Kerv Wearables, Logbar, Mota, NFC Ring, Ringly, Vinaya, TheTouch X, Oura, Nimb and few other names.

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