Percentage of growth in revenue of health-related wearables in India, China, Russia and Saudi Arabia
It is expected that the annual growth of the revenue from the wearables in India can reach 5.8% by 2023 while user penetration is expected to knock 4.6% by 2023. Saudi Arabia’s revenue from wearables is expected to achieve a growth of 4.6% per year, on the other hand, China, at present generates the highest revenue at around $4,5999 million in 2019 and is expecting a growth rate of 3.7% per year. Russia’s wearables penetration can touch 4.4% by 2023, while the annual growth of the revenue can reach 5.6%. Future Health Index 2019, commissioned by Philips, also puts in the average of the 15-country average under the study. It is good to see that India’s revenue from wearables growth rate is more than a percent high than the fifteen-country average. It indicates that more and more Indians are opting technologies to track their health.