Wireless health and fitness devices are specially designed medical devices that continually monitor and report the health of the wearer to a remote storage device or display the vital signs to the wearer. These devices are interconnected with various sensors, storage infrastructures, which are used to diagnose, monitor and treat the health of the wearer .
Market Analysis: Global Wireless Health and Fitness Devices Market
Global Wireless Health And Fitness Devices Market is expected to grow with a healthy CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the advancements in development methods and innovations of components utilized in these devices along with a rise in the standard of living of individuals resulting in continuous monitoring of their health.
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Competitor Analysis By
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.
Segmentation: Global Wireless Health and Fitness Devices Market
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), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Drivers: Global Wireless Health and Fitness Devices Market
- Rise in awareness regarding the health of the individuals and benefits associated with continuous monitoring of their health is a factor positively affecting the growth of the market
- Increasing prevalence of adoption of smart healthcare devices amid need for reduction of healthcare monitoring errors; this factor is expected to positively affect the growth of the market
- Rising prevalence of chronic diseases globally resulting in requirement of monitoring of health in patients; this factor is expected to drive the growth of the market
Global Wireless Health and Fitness Devices Market : Competitive Analysis
Global wireless health and fitness devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wireless health and fitness devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Global Wireless Health and Fitness Devices Market: Market Restraints
- Lack in the presence of reimbursement policies regarding the implementation and adoption of these devices is expected to act as a restraint to the growth of the market
- Large costs associated with the devices are expected to restrain the growth of the market
Key Developments in the Market: Global Wireless Health and Fitness Devices Market
- In July 2017, BioTelemetry, Inc. announced that they had completed the acquisition of LifeWatch AG. This acquisition will establish BioTelemetry, Inc. as a market leader for remote and diagnostic cardiac monitoring services and products. They are planning to expand their capabilities in expanding into various different healthcare segments with this acquisition.
- In January 2017, Fitbit, Inc. announced the acquisition of Vector Watch. The company based out of Romania, Europe will help in the development of new products with enhanced technological implementation. Although, the deal only includes the software assets and not the hardware, Fitbit has announced that they will fulfil the warranty requirement and repairing of existing customers of Vector Watch.
Reasons to Purchase this Report: Global Wireless Health and Fitness Devices Market
- Current and future of global wireless health and fitness devices market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report: Global Wireless Health and Fitness Devices Market
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Focus of the report:
- The study provides an in-depth analysis of the Global Wireless Health and Fitness Devices Market and current & future trends to elucidate imminent investment pockets.
- Changing market dynamics of the industry
- Strategies of key players and product offerings
- In-depth market segmentation
- Recent industry trends and developments
- Analyze and forecast Global Wireless Health and Fitness Devices Market on the basis of type, function and application.
Table of Content: Global Wireless Health and Fitness Devices Market
Global Wireless Health and Fitness Devices Market Research Report 2019-2026
Chapter 1: Global Wireless Health and Fitness Devices Market Overview
Chapter 2: Global Wireless Health and Fitness Devices Market Economic Impact
Chapter 3: Competition by Manufacturer
Chapter 4: Production, Revenue (Value) by Region (2019-2026)
Chapter 5: Supply (Production), Consumption, Export, Import by Regions (2019-2026)
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Wireless Health and Fitness Devices Market Analysis by Application
Chapter 8: Global Wireless Health and Fitness Devices Market by Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Global Wireless Health and Fitness Devices Market Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Global Wireless Health and Fitness Devices Market Effect Factors Analysis
Chapter 12: Global Wireless Health and Fitness Devices Market Forecast (2019-2026)
Chapter 13: Appendix