Tech stocks Apple, Alphabet, Garmin, and Meta driving growth in health and fitness wearables market
From Nasdaq: 2025-03-26 10:48:00
Zacks.com highlights Apple, Alphabet, Garmin, and Meta as tech stocks making waves in the health and fitness wearables market. The market is projected to grow from $103.2 billion in 2025 to $324.7 billion in 2032, with a CAGR of 17.8%, according to Fortune Business Insights. Leading companies are investing in emerging technologies like smart fabrics, sweat sensors, and augmented reality wearables for medical purposes.
Manufacturers are focused on improving the accuracy and battery life of health and fitness wearables. Brands are utilizing AI algorithms to filter out data inconsistencies, enhance sensor accuracy, and analyze historical health data for early risk prediction. Wearable designs are becoming sleeker and more stylish, adopting thin-film batteries and energy-efficient charging methods for extended battery life.
Garmin’s tailored fitness wearables and health tracking features have gained popularity, with products like the HRM 200 heart rate monitor and the Instinct 3 Watch Series. The company’s ECG app has been approved in Australia and the EU. The Zacks Consensus Estimate for Garmin’s fiscal 2025 earnings is $8.25, showing a 11.6% year-over-year increase.
Apple is advancing its wearables with clinical-grade features like AirPods Pro as hearing aids and FDA-approved AFib tools for Apple Watch. The company’s smartwatch now includes ECG and AI-based health coaching features. The Zacks Consensus Estimate for Apple’s fiscal 2025 earnings is $7.26, signaling a 7.6% year-over-year increase.
Alphabet introduced the Google Pixel Watch 3 and Wear OS 5 to enhance its fitness wearables portfolio. The company received FDA clearance for its Loss of Pulse Detection feature and is exploring personalized health insights using AI models. The Zacks Consensus Estimate for Alphabet’s fiscal 2025 earnings is $8.90, showing a 10.7% year-over-year increase.
Meta’s VR headsets are popular among fitness enthusiasts, with plans to release the Meta Quest 3S. The company is developing sEMG wearables to assist individuals with spinal cord injuries. Meta is poised to benefit from the growing Metaverse Health and Fitness market. The Zacks Consensus Estimate for Meta’s fiscal 2025 earnings is $25.61, with a 7.3% year-over-year increase.
Read more at Nasdaq: The Zacks Analyst Blog Highlights Apple, Alphabet, Garmin and Meta