The Latin America, Middle East and Africa Fitness Rings Market would witness market growth of 9.6% CAGR during the forecast period (2022-2028).
Fitness rings frequently connect to smartphones via Bluetooth and can be controlled via a smartphone app. They may also incorporate sensors like a heart rate monitor or an accelerometer to track fitness data. Fitness rings are becoming increasingly popular due to their convenience and discreet design. They perform many of the same features as fitness trackers or smartwatches but in a smaller package. Popular models include the Motiv Ring, Oura Ring, and NFC Ring.
Besides the regular functions, some fitness rings can control other devices, including smart home devices, cameras, or drones. This allows these devices to be managed without needing a different remote or app. Fitness rings can also be employed for security, with some devices adding biometric authentication, such as fingerprint recognition. This can be utilized to secure sensitive data access or unlock devices.
The healthcare sector in the United Arab Emirates has grown to accommodate the country's changing healthcare demands and its aspiration to draw regional medical tourists. In addition, the UAE has stepped up its investment in healthcare due to the COVID-19 outbreak. Together with other things, these investments go into creating apps that can help people reach their health objectives. Additionally, because of the high incidence of lifestyle issues in this wealthy country, the demand for fitness rings has grown. Therefore, the rising demand and adoption of fitness rings in the region will promote market expansion throughout the projected period.
The Brazil market dominated the LAMEA Fitness Rings Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,682.5 Thousands by 2028. The Argentina market is experiencing a CAGR of 10.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.3% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Compatibility, the market is segmented into iOS, Android, Windows, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Fitness Rings Market is Projected to reach USD 651.6 Million by 2028, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ultrahuman Healthcare Private Limited, Sky Labs, Oura Health Oy, ArcX Technology Ltd, SLEEPON, Circular and Ringly Inc.
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