Approximately 17% CAGR between 2022 and 2028 due to growing consumer demand for connected devices and smart wearables, innovation in the consumer electronics industry, increased remote working, and new interest in smart wearable technology. Expected. In health monitoring since the COVID19 pandemic. Improving living standards and economic factors are also driving the market. The smart wearable market consists of selling smart wearables and related services to track vital signs related to human health and fitness. The best-known smart wearables on the market are smart watches and fitness trackers.