Wireless Health and Fitness Devices Market – Overview
The increased preference for wireless technologies is anticipated to raise the demand for wireless health and fitness devices globally. Reports that review the healthcare IT industry has been offered by Market Research Future, which generates reports on industry verticals that evaluate the market development and opportunities. The market is anticipated to be shaped by a CAGR of 12.5 % in the forecast period.
The amplified demand for monitoring, diagnosing, and treatment of patients on a constant basis is projected to motivate the wireless health and fitness devices market in the coming years. Also, an ascendant pace of growth in technology is expected to further reinforce the wireless health and fitness devices market in the forecast period.
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Segmental Analysis
The segmentation of the wireless health and fitness devices market is carried out on the basis of type, product, end-user, and application. Based on type, the wireless health and fitness devices market are segmented into USB, mobile, watch, Bluetooth, sensors, and others. Based on the product, the wireless health and fitness devices market is segmented into wireless remote health monitoring devices, wireless sports & fitness devices, and wireless professional healthcare devices. The wireless sports & fitness devices fitness segment includes smartwatch, bands, smart clothing, headbands, and others. The wireless remote health monitoring devices is additionally segmented into pulse oximeters, glucometers, and others. Based on the application, the wireless health and fitness devices market is segmented into diagnosis and monitoring. Based on end-user, the wireless health and fitness devices market is segmented into sports and fitness, hospitals, institute, and others.
Detailed Regional Analysis
The regional examination of the wireless health and fitness devices market states that the Americas region commands the chief market for wireless health and fitness devices. The increasing incidence of diabetes and other chronic diseases, growing awareness about health education has obsessed the market of the Americas region. The European region is the next principal market for wireless health and fitness devices, which is trailed by the Asia Pacific region. The Asia Pacific regional market is likely to be the fastest increasing market for wireless health and fitness devices market. The collective healthcare spending and a vast obese population in the Asia Pacific is the key contributing factor for the development of the market. While the Middle East and Africa region have the smallest market as the majority of the nations in this region has a deprived economy and also has a limited expansion in the healthcare sector.
Competitive Analysis
The market is ushering in a phase of development that is expected to be motivated by the positive factors in the market. The demographics present in the market present a favorable outlook in terms of product expansion and future growth potential. The strategies in the market are being aimed at improving the overall progress of the market, with the business models taking into account all contingencies that may arise in the coming years. The profitability in the market is enhanced significantly by the existence of strong strategies deployed by market players. The identification and use of apposite media channels are expected to transform the market development in the coming years. The pull created by the businesses in the market by positioning marketing policies and events is additionally growing the development of the market. The improvement of production resources is likely to stimulate the market’s improvement in the forecast period.
The eminent contenders in the wireless health and fitness devices market are Abbott Laboratories (US), Beuer GmbH (Germany), GE Healthcare (UK), Entra Health Systems LLC (US), Adidas AG (Germany), Ideal Life, Inc. (Canada), Garmin Ltd (Switzerland)Analog Devices (US), Renesas Electronics Corporation (Japan), Maxim Integrated (US), Fitbit (US), Philips Healthcare (Netherland), Omron Healthcare (Japan), Medtronic, Inc. (US), Nike, Inc. (US), Apple Inc (US), ON Semiconductor Corporation (US), Intelesens Ltd (UK), Texas Instruments (US) and Freescale Semiconductor Inc. (US) to name a few.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.2.2.1 ASSUMPTIONS
1.2.2.2 LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5. GLOBAL WIRELESS HEALTH AND FITNESS DEVICES MARKET, BY TYPE
….Continued
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