South Africa Medical Smart Rings Market Size & Outlook
The medical smart rings market in South Africa is expected to reach a projected revenue of US$ 7.9 million by 2030. A compound annual growth rate of 18.1% is expected of South Africa medical smart rings market from 2024 to 2030.
Revenue, 2023 (US$M)
$2.5
Forecast, 2030 (US$M)
$7.9
CAGR, 2024 - 2030
18.1%
Report Coverage
South Africa
Related Markets
South Africa medical smart rings market highlights
- The South Africa medical smart rings market generated a revenue of USD 2.5 million in 2023 and is expected to reach USD 7.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 18.1% from 2024 to 2030.
- In terms of segment, health monitoring rings was the largest revenue generating product in 2023.
- Diagnostic Rings is the most lucrative product segment registering the fastest growth during the forecast period.
Medical smart rings market data book summary
| Market revenue in 2023 | USD 2.5 million |
| Market revenue in 2030 | USD 7.9 million |
| Growth rate | 18.1% (CAGR from 2024 to 2030) |
| Largest segment | Health monitoring rings |
| Fastest growing segment | Diagnostic Rings |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health Monitoring Rings, Diagnostic Rings, Multifunctional Rings |
| Key market players worldwide | Oura, GPT Circular, Fitbit, Motiv, Bellabeat, Qardio, Polar Sapphire |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.9% of the global medical smart rings market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa medical smart rings market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3.3 million by 2030.
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Medical Smart Rings Market Scope
Medical smart rings market segmentation & scope
Medical Smart Rings Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| GPT Circular | View profile | 51-100 | Denpasar, Bali, Indonesia, Asia | https://www.gptcircular.com |
| Polar Sapphire | View profile | 11-50 | Mississauga, Ontario, Canada, North America | http://www.polarsapphire.com/ |
| Motiv | View profile | 11-50 | San Francisco, California, United States, North America | http://mymotiv.com |
| Bellabeat | View profile | 251-500 | San Francisco, California, United States, North America | http://www.bellabeat.com |
| Qardio | View profile | 51-100 | San Francisco, California, United States, North America | https://www.getqardio.com/ |
| Fitbit | View profile | 251-500 | San Francisco, California, United States, North America | http://www.fitbit.com |
| Oura | View profile | 251-500 | Oulu, Oulu, Finland, Europe | http://ouraring.com |
South Africa medical smart rings market size, by application, 2018-2030 (US$M)
South Africa Medical Smart Rings Market Outlook Share, 2023 & 2030 (US$M)
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