Smart Rings Market- Demand for Better Healthcare Boosts Uptake of Improved Technology

The growing disposable income of the younger population and the increasing awareness about better
technologies have been instrumental in shaping the future of the global smart rings market. Analysts anticipate
that demand for smart rings will remain persistent in the healthcare sector. Both patients and physicians are
expected to show a significant demand for smart rings are these held in monitoring heart beats, pulse rates,
and blood pressure levels, which could be signs and symptoms of a larger ailment. The increasing health risks
due to poor lifestyles have augmented the demand for smart rings to ensure prevention instead of cure.
Lack of Interest from Big Players becomes Challenge for the Global Market
The high dependency on battery has been identified as a key challenge for the global smart rings market. The
inconvenience of charging smart rings with dongles or cables has made the experience of using them
unenjoyable. Furthermore, the market still continues to be in its nascent stage and is long way to go before it
evolves thoroughly. Owing to these reasons, several big players are refraining from making heavy investments
in this market, which has also been assessed as a limiting factor.
This review is based on Transparency Market Research’s report, titled “Smart Rings Market (Operating
System - Android, IoS, and Microsoft Windows; Technology -Bluetooth-enabled and NFC-enabled
Smart Rings; Applications - Mobile/Contactless Payments, User Authentication and Access Control,
Information Sharing, and Monitoring Healthcare System) - Global Industry Analysis, Trend, Size,
Share and Forecast 2017 - 2025.”
The global smart rings market has been segmented into: