Smart Rings Market- Demand for Better Healthcare Boosts Uptake of Improved Technology
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The growing disposable income <strong>of</strong> the younger population and the increasing awareness about better<br />
technologies have been instrumental in shaping the future <strong>of</strong> the global smart rings market. Analysts anticipate<br />
that demand <strong>for</strong> smart rings will remain persistent in the healthcare sector. Both patients and physicians are<br />
expected to show a significant demand <strong>for</strong> smart rings are these held in monitoring heart beats, pulse rates,<br />
and blood pressure levels, which could be signs and symptoms <strong>of</strong> a larger ailment. The increasing health risks<br />
due to poor lifestyles have augmented the demand <strong>for</strong> smart rings to ensure prevention instead <strong>of</strong> cure.<br />
Lack <strong>of</strong> Interest from Big Players becomes Challenge <strong>for</strong> the Global <strong>Market</strong><br />
The high dependency on battery has been identified as a key challenge <strong>for</strong> the global smart rings market. The<br />
inconvenience <strong>of</strong> charging smart rings with dongles or cables has made the experience <strong>of</strong> using them<br />
unenjoyable. Furthermore, the market still continues to be in its nascent stage and is long way to go be<strong>for</strong>e it<br />
evolves thoroughly. Owing to these reasons, several big players are refraining from making heavy investments<br />
in this market, which has also been assessed as a limiting factor.<br />
This review is based on Transparency <strong>Market</strong> Research’s report, titled “<strong>Smart</strong> <strong>Rings</strong> <strong>Market</strong> (Operating<br />
System - Android, IoS, and Micros<strong>of</strong>t Windows; <strong>Technology</strong> -Bluetooth-enabled and NFC-enabled<br />
<strong>Smart</strong> <strong>Rings</strong>; Applications - Mobile/Contactless Payments, User Authentication and Access Control,<br />
In<strong>for</strong>mation Sharing, and Monitoring <strong>Healthcare</strong> System) - Global Industry Analysis, Trend, Size,<br />
Share and Forecast 2017 - 2025.”<br />
The global smart rings market has been segmented into: