Smart Scales - United Kingdom

  • United Kingdom
  • The Smart Scales market in the United Kingdom is projected to generate a revenue of US$112.20m in 2024.
  • It is expected to exhibit an annual growth rate (CAGR 2024-2029) of 7.21%, resulting in a projected market volume of US$158.90m by 2029.
  • The user penetration rate is anticipated to be 3.24% in 2024 and is expected to reach 3.48% by 2029.
  • The average revenue per user (ARPU) is projected to be US$51.00.
  • When compared globally, China is predicted to generate the highest revenue, amounting to US$1,447.00m in 2024.
  • The United Kingdom is experiencing a surge in demand for smart scales, as consumers prioritize digital health monitoring and wellness tracking in their daily routines.

Key regions: China, United States, Japan, Asia, United Kingdom

 
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Analyst Opinion

The Smart Scales market in United Kingdom is experiencing significant growth and innovation across its digital fitness and well-being, online doctor consultation, and digital treatment and care sub-markets.

Customer preferences:
Consumers in the United Kingdom are increasingly prioritizing their health and well-being, driving the demand for smart scales that offer advanced features such as body composition analysis, connectivity to mobile apps, and personalized health insights. The convenience and accuracy of these smart devices appeal to tech-savvy individuals looking to track their fitness goals and overall health metrics.

Trends in the market:
One prominent trend in the Smart Scales market in the United Kingdom is the integration of online doctor consultation services into smart scale platforms. This allows users to not only monitor their physical health data but also consult with healthcare professionals remotely for personalized advice and guidance. Additionally, there is a growing emphasis on digital treatment and care options, with smart scales being used to monitor chronic conditions such as diabetes or hypertension, enabling proactive health management.

Local special circumstances:
The United Kingdom has a well-established healthcare system with a growing focus on digital health solutions. This environment fosters the adoption of smart scales that complement traditional healthcare services by providing continuous monitoring and data-driven insights. Moreover, the tech-savvy population in the UK is receptive to innovative health technologies, driving the market for smart scales that offer advanced features and seamless integration with other digital platforms.

Underlying macroeconomic factors:
The increasing awareness of preventive healthcare measures and the rising trend of fitness and wellness initiatives contribute to the growth of the Smart Scales market in the United Kingdom. Additionally, the emphasis on remote healthcare services and digital solutions, especially in light of the COVID-19 pandemic, accelerates the adoption of smart scales for home use. The competitive landscape among smart scale manufacturers and healthcare providers further drives innovation and product development in the market, catering to the evolving needs of consumers in the UK.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Users
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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