Global Wireless Health and Fitness Devices Market, By Type (Mobile, Watch, USB, Bluetooth, Sensors, Others), Product (Sports & Fitness Devices, Remote Health Monitoring Devices, Professional Healthcare Devices), Application (Monitoring, Diagnosis), End-Users (Hospitals, Sports & Fitness Institutes), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The wireless health and fitness devices market is expected to witness market growth at a rate of 12.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on wireless health and fitness devices market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the standard of living of consumers is escalating the growth of wireless health and fitness devices market.
Wireless health and fitness devices refer to the specially designed medical devices which continually monitor and report the health of the wearer to a remote storage device. They also display the vital signs to the wearer. The devices are interconnected with various storage infrastructures and sensors in order to diagnose, monitor and treat the health of the wearer.
The rise in the incorporation of the wireless technology into medical field with the purpose of monitoring, diagnosing and treatment of the diseases acts as one of the major factors driving the growth of wireless health and fitness devices market. The increase in the prevalence of different lifestyle diseases such as diabetes requiring continuous monitoring and increase in use of various kinds of networking devices by consumers to learn more about their health accelerate the wireless health and fitness devices market growth. The high usage of wireless devices in sports analytics and increase in adoption of smart healthcare devices amid need for reduction of healthcare monitoring errors further influence the wireless health and fitness devices market. Additionally, rise in the standard or living, increase in risk associated lifestyle diseases, growing health awareness among the population, change in lifestyle and surge in disposable income positively affect the wireless health and fitness devices market. Furthermore, technological advancement in motion sensors in order to enhance results of wireless and wearable devices extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the devices is expected to obstruct the wireless health and fitness devices market growth. The Poor reimbursement policies regarding the implementation and adoption of these devices are projected to challenge the wireless health and fitness devices market in the forecast period of 2021-2028.
This wireless health and fitness devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wireless health and fitness devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Wireless Health and Fitness Devices Market Scope and Market Size
- The wireless health and fitness devices market is segmented on the basis of type, product, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the wireless health and fitness devices market is segmented into mobile, watch, USB, Bluetooth, sensors and others.
- On the basis of product, the wireless health and fitness devices market is segmented into sports and fitness devices, remote health monitoring devices and professional healthcare devices.
- On the basis of application, the wireless health and fitness devices market is segmented into monitoring and diagnosis.
- On the basis of end-users, the wireless health and fitness devices market is segmented into hospitals and sports and fitness institutes.
Global Wireless Health and Fitness Devices Market Country Level Analysis
The wireless health and fitness devices market is analyzed and market size insights and trends are provided by country, type, product, application and end-users as referenced above.
The countries covered in the global wireless health and fitness devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the wireless health and fitness devices market because of the rise in prevalence of diabetes and other chronic diseases and growing awareness about health education. Asia-Pacific is estimated to witness the fastest growth in the forecast period of 2021-2028 due to the huge obese population and surge in healthcare expenditure in the region.
The country section of the wireless health and fitness devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The wireless health and fitness devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for wireless health and fitness devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the wireless health and fitness devices market. The data is available for historic period 2011-2019.
Competitive Landscape and Wireless Health and Fitness Devices Market Share Analysis
The wireless health and fitness devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wireless health and fitness devices market.
The major players covered in the wireless health and fitness devices market report are ADIDAS AG, Omron Healthcare, Inc., IDEAL LIFE INC, ASUSTeK Computer Inc., Google, BioTelemetry, Inc., Abbott, Koninklijke Philips N.V., Misfit, Analog Devices, Inc., Intelesens Ltd, Fitbit, Inc., Entra Health Systems, Texas Instruments Incorporated, Nike, Inc., Alive Technologies, ON Semiconductor, Renesas Electronics Corporation, Garmin Ltd., Maxim Integrated, Apple Inc., Beurer GmbH, Xiaomi, Isansys Ltd., VitalConnect and FitLinxx, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.