Market Highlights:
The new report by Market Research Future (MRFR) states that the global wireless health and fitness devices market is bound to expand at a CAGR of 12.5% during the forecasted period (2017-2023). Backed by the rapid technological advancements in motion sensors, a noticeable improvement in the wireless and wearable devices has been noted in the past couple of years. The global wireless health and fitness market also benefits from the growing prevalence of various lifestyle diseases such as diabetes which require continuous monitoring. This, in turn, has led an augmented use of wireless devices in sports analytics. However, the high cost of fitness devices, as well as poor reimbursement policies, is likely to curb the ongoing market growth to some extent.
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That being said, continuous technological advancements, growing health awareness among people, improved living standard, and elevated risk associated with lifestyle diseases will be instrumental in the growth of the market growth during the forecast period.
Key Players:
The prominent companies operating the global market for wireless health and fitness devices include Maxim Integrated (US), Renesas Electronics Corporation (Japan), Garmin Ltd (Switzerland), Texas Instruments (US), Freescale Semiconductor Inc. (US), Apple Inc (US), Nike Inc. (US), Philips Healthcare (Netherland), Medtronic Inc. (US), Ideal Life Inc. (Canada), Intelesens Ltd (UK), Analog Devices (US), ON Semiconductor Corporation (US), Adidas AG (Germany), Entra Health Systems LLC (US), GE Healthcare (UK), Beuer GmbH (Germany), Abbott Laboratories (US), Omron Healthcare (Japan), and Fitbit (US).
Market Segmentation:
The market for wireless health and fitness devices is segmented based on type, product, application, and end-users.
Depending on type, the global wireless health and fitness devices market is segmented into sensors, mobile, watch, Bluetooth, USB, and others.
Product-based segments in global wireless health and fitness devices market are wireless remote health monitoring devices, wireless professional healthcare devices, and wireless sports & fitness devices. Furthermore, the wireless remote health monitoring devices are segmented into pulse oximeters, glucometers, and others.
Application-dependent segments in the market include diagnosis and monitoring.
End-users in the global wireless health and fitness devices market are hospitals, sports and fitness institute, and others.
Regional Analysis:
Based on region, the global wireless health and fitness devices market is spread across Europe, Asia Pacific, America, and the Middle East and Africa.
On a global level, America is touted as the leader in the global wireless health and fitness devices market with over 40% of the total market share in 2016. The strong growth in the region is owing to the presence of a high percentage of population that suffer from diabetes. In addition, with the technological advancements, presence of major manufacturers, and increasing expenditure on healthcare, the market is in the region is benefitting spectacularly.
Europe has secured the second spot in the global market, accounting for the second largest market share, trailed by Asia Pacific. The Asia Pacific region is predicted to surge at the fastest growth rate on account of the presence of huge obese population coupled with increasing expenditure on healthcare.
The market in Middle East and Africa are expected to register the least growth rate during the assessment period resulting from the restricted development in the healthcare sector as well as the poor economy in the region.
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Industry News:
December 2018 – Fitbit has launched its new Charge 3 fitness tracker in India. Keeping up with the growing popularity of Fitbits, the company has integrated the device with various features, such as a swim-proof design with a touchscreen display, 15+ goal-based exercise modes, in addition to 7 days of battery life. Moreover, the device is made up of a premium, lightweight material which consists of Corning Gorilla Glass 3 OLED display and an aerospace grade aluminum case.
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
…Continued!
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