Market Insights Digital Digital Health Digital Fitness & Well-Being Fitness Trackers

Smartwatches - France

France

The Smartwatches market in France is expected to generate a revenue of US$0.93bn by 2024.
This projection indicates a steady annual growth rate (CAGR 2024-2028) of 2.34%, leading to an estimated market volume of US$1.02bn by 2028.
The user penetration rate is predicted to be 6.90% in 2024 and is projected to increase to 6.93% by 2028.
The average revenue per user (ARPU) is anticipated to be US$204.30.
In comparison to other countries worldwide, in China is forecasted to generate the highest revenue, reaching US$18,950.00m in 2024.
France's tech-savvy population and emphasis on digital health make it a promising market for smartwatches in the digital health industry.

Key regions: France, United States, Italy, Japan, United Kingdom

Market

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Analyst Opinion

Smartwatches have become an integral part of the tech-savvy population in France, offering a range of features from digital fitness and well-being to online doctor consultation and digital treatment and care.

Customer preferences: French consumers are increasingly gravitating towards smartwatches that offer a holistic approach to health and well-being. The demand for devices that can track fitness metrics, monitor health indicators, and provide access to virtual healthcare services is on the rise. This shift in consumer preferences towards proactive health management is driving the growth of the smartwatch market in France.

Trends in the market: One prominent trend in the French smartwatch market is the integration of advanced health monitoring features. Smartwatches are now equipped with sensors that can track heart rate, blood oxygen levels, sleep patterns, and even detect irregularities that may indicate potential health issues. This emphasis on health monitoring is resonating with French consumers who are increasingly conscious of preventive healthcare measures. Another notable trend is the proliferation of online doctor consultation services through smartwatches. With the convenience of accessing healthcare professionals remotely, French consumers are embracing the idea of virtual doctor visits for non-emergency medical consultations. This trend is particularly significant in the current global context, where telemedicine is playing a crucial role in ensuring continuity of care.

Local special circumstances: France has a well-established healthcare system with a strong emphasis on preventive care and patient education. The integration of digital health solutions, such as smartwatches with health monitoring capabilities, aligns with the country's healthcare priorities. Moreover, the French population's affinity for technology and innovation further fuels the adoption of smartwatches for health-related purposes.

Underlying macroeconomic factors: The increasing focus on health and wellness, coupled with advancements in healthcare technology, is driving the growth of the smartwatch market in France. As disposable incomes rise and awareness about the benefits of proactive health management grows, more consumers are willing to invest in smartwatches that offer comprehensive health monitoring features. Additionally, the digital transformation of healthcare services in France is creating opportunities for smartwatch manufacturers to collaborate with healthcare providers and offer integrated solutions that cater to the evolving needs of the population.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.