“Global Wireless Health and Fitness Devices Market Research Report- Forecast To 2023” Published by Market Research Future. According to MRFR wireless health and fitness devices market is expected to grow at a CAGR of 12.5% By 2023. Wireless health and fitness devices market research report analysis by type (mobile, watch, USB, bluetooth, sensors and others), by products (wireless sports & fitness devices, wireless remote health monitoring devices, wireless professional healthcare devices), by application (monitoring and diagnosis), end users (hospitals, sports and fitness institute) – global forecast till 2023
In medical science, earlier the uses of machines were limited to X-rays. As the technological advancement rose, many machines started playing an important role in not just X-ray, but also for diagnosis, monitoring, and treatment of the different kinds of ailments. Today, the technological advancement has reached to the level of wireless health which incorporates wireless technology into the medical field and successfully diagnoses, monitors and works on the treatments to cure ailments. Due to advanced motion sensors, wireless and wearable devices have made the continuous monitoring of lifestyle ailments like diabetes, possible. Due to convenience, it is possible for people to use various kinds of a networking device to keep abreast of their health status. Due to the increasing prevalence of different lifestyle diseases that require continuous monitoring, wireless health and fitness devices market is rising. Today, wireless devices are also used for sports analytics. Other factors driving this market is an advancement in technology, increasing health awareness among the people, increasing the risk associated with lifestyle diseases, and the higher standard of living. However, the high cost of devices and poor reimbursement policy can cause the growth of this market to hit breaks.
Market Research Future (MRFR) has published a research report about global wireless health and fitness devices market that has projected 12.5% CAGR during the forecast period between 2017 and 2023. This report offers the preview of a present-day market with key players and their activities that can impact the market during the forecast period. It features expert opinions, joint ventures, mergers and acquisitions, new product developments, strategic alliances, and research and developments in the global wireless health and fitness devices market. The report analyzes the market with factors like porters five force analysis, price analysis, and supply chain analysis, along with trends and opportunities during the forecast period.
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Global wireless health and fitness devices market is segmented on the basis of application, end-user, product, types and lastly region. Application-based segmentation of this market features diagnosis and monitoring. Based on end-users, the segmentation of this market covers fitness institute, hospitals, sports, and others. The product based segmentation of the market broadly segments it into wireless professional healthcare devices, wireless remote health monitoring devices, and wireless sports & fitness devices. Wireless remote health monitoring devices have been segmented into glucometers, pulse oximeters, and others. Wireless sports & fitness devices include headbands, fitness bands, smart clothing, smartwatch, and others. By types, the global wireless health and fitness devices market has been segmented into Bluetooth, mobile, sensors, USB, watch, and others.
The regional segmentation of global wireless health and fitness devices market segments the market into The Americas (North America & South America), Europe, Asia Pacific, Middle East & Africa (MEA) and rest of the world (RoW). Due to technological advancement being more in North America, it is a greater market for wireless health and fitness devices, compared to South America. In North America, due to the availability of advanced technology, better infrastructure, high population density and heavy demand, biggest markets are the United States of America (USA) and Canada. Europe is the second largest market for wireless health and fitness devices. Here also, due to reasons same as North America, being more developed, Western Europe is the bigger market for wireless health and fitness devices, compared to Eastern Europe. The maximum revenue in Europe comes from France, Germany, Italy, Spain, and the United Kingdom (UK). Other countries of Europe also provide some revenue to this market as demand for better healthcare is everywhere. However, the distribution of the population gives governments to prioritize the distribution of healthcare measures. In the Asia Pacific, technological advancement is limited. However, due to high population, the rising demand for better healthcare leaves a lot of scopes for this market to develop with rapid growth. In the Asia Pacific, the biggest market for wireless health and fitness devices comprises of Australia, China, India, Japan and South Korea, followed by remaining Asia Pacific countries. In the MEA region, the market is small but steady due to lack of infrastructure and technology (especially in African region), lack of education, limited budget on healthcare schemes and healthcare not being considered a priority of the government. In this region, the market exists only in Kuwait, Oman, Saudi Arabia, Qatar and the United Arab Emirates (UAE).
The key players in the global wireless health and fitness devices market include Abbott Laboratories (USA), Adidas AG (Germany), Analog Devices (USA), Apple Inc (USA), Beuer GmbH (Germany), Entra Health Systems LLC (USA), Fitbit (USA), Freescale Semiconductor Inc. (USA), Garmin Ltd (Switzerland) GE Healthcare (UK), Ideal Life, Inc. (Canada), Intelesens Ltd (UK), Maxim Integrated (USA), Medtronic, Inc. (the USA), Nike, Inc. (the USA), Omron Healthcare (Japan), ON Semiconductor Corporation (USA), Philips Healthcare (Netherland), Renesas Electronics Corporation (Japan), and Texas Instruments (USA).
Latest Industry News
Samsung has applied for a patent for a new device that gives users; a sneak peek of what in the words of Samsung, is the future of its fitness and health-focused devices. Reports say that Samsung may use “portable and mobile devices” to monitor a number of health parameters including blood pressure, blood flow velocity, heart rate, pulse rate, and skin condition. Samsung is likely to use “a new laser speckle interferometric methodology” to measure all these parameters.
Cohero Health expansion is progressing via official collaboration with pharma partners. Cohero Health has raised an oversubscribed Series A round, adding two strategic investors to investors that include companies such as GIS Strategic Ventures, Heitkamp & Thumann Group, and P5 Health Ventures. This collaboration with pharma companies aims at the usage of connecting devices to enable remote patient monitoring for clinical trials.
TABLE OF CONTENTS
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
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
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