Heart Rate Monitor Market to Reach a Valuation of USD 3 Billion by 2023

Heart Rate Monitor Market
Heart rate monitors market information: by type (strapless, chest strap, others); by use (medical, sport, others) – Global Forecast till 2023

Market Research Future adds new report of “Heart Rate Monitor Market Research Report – Global Forecast to 2023” it contains Company information, geographical data and Table of Content

Competitive Analysis:

Key players profiled in the report are

  • Apple
  • Garmin Ltd.
  • Samsung
  • Nike
  • Fitbit
  • Motorola
  • Casio Computer Co. Ltd.
  • Polar
  • Sony

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Market Segments:

The global heart rate monitors market is segmented on the basis of type, and use.

  • Based on Type, the market has been segmented as strapless, chest strap
  • Based on the Use, the market has been segmented as medical, sport

Market Highlight:

Heart rate monitors are devices used to measure the heart rate or pulse of a person. The market for heart rate monitors is rising due to factors such as their increasing use in sports and fitness, increasing number of gyms and fitness centres, and awareness regarding a fitter and healthier lifestyle, etc. The rising comfort and ease of use of the monitors due to their portability and increasing sensitivity and accuracy is also benefitting the market. The market restraints are popularity of mobile apps which record the heart rate, the cost of devices etc.

Considering all these factors, the market for heart rate monitors is expected to reach $ 3 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 4.5 % during 2017-2023.

Study objectives:

  • To provide detailed analysis of the market structure along with estimated future growth forecast for the next 6 years about various segments and sub-segments of the global heart rate monitors market.
  • To provide insights about factors affecting the market growth.
  • To analyze the global heart rate monitors market based on various factors – Price Analysis, Supply Chain analysis, Porters Five Force analysis etc.
  • To provide past and estimated future revenue of the market’s segments and sub-segments with respect to the four main geographies and their countries – the Americas, Europe, Asia Pacific along with Middle East & Africa.
  • To provide country level analysis of the market with respect to the current market size and future growth prospects.
  • To provide country level analysis of the market which includes segmentation by type and use.

Intended Audience

  • Global heart rate monitors, manufacturers & suppliers
  • Research and development (R&D) companies
  • Market research and consulting service providers
  • Academic institutes and universities

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Regional analysis

US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is the fastest region because of large unmet needs and is led by China and India. The Middle East and Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions.

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