Health And Fitness Devices Market Scope
Health and fitness devices are used majorly for monitoring the health of the wearer and keeping track of health records in remote storage for later analysis. These devices are majorly used for activity monitoring and tracking health states on a daily or periodic basis. The rising geriatric population as well as the increasing occurrence of chronic diseases has increased the use of the demand for these devices. The increasing use of artificial intelligence and big data analytics in health and fitness devices has projected to open new opportunities for global health and fitness devices market growth in the coming years.
The Health And Fitness Devices market study is segmented by Type (Sports & Fitness Devices (Smart Watch, Smart Clothing, Fitness Bands, Headbands, Others), Remote Health Monitoring Devices (Glucometers, Pulse Oximeters, Others) and Professional Healthcare Devices), by Application (Monitoring and Diagnosis) and major geographies with country level break-up.
Research Analyst at AMA estimates that European and United States Vendors will contribute to the maximum growth of Global Health And Fitness Devices market throughout the predicted period.
Medtronic, Inc. (United States), Philips Healthcare (Netherland), Adidas AG (Germany), GE Healthcare (United Kingdom), Nike, Inc. (United States), Apple Inc. (United States), Abbott Laboratories (United States), Omron Healthcare (Japan), Fitbit (United States), Texas Instruments (United States), ON Semiconductor Corporation (United States), Maxim Integrated (United States) and Entra Health Systems LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Beurer GmbH (Germany), Analog Devices (United States), Renesas Electronics Corporation (Japan), Ideal Life, Inc. (Canada), Intelesens Ltd (United Kingdom), Freescale Semiconductor Inc. (United States) and Garmin Ltd (Switzerland).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Health And Fitness Devices market by Type, Application and Region.
On the basis of geography, the market of Health And Fitness Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 03rd June 2019, Fitbit has announced four new products Fitbit Versa Lite Edition, Fitbit Inspire HR, Fitbit Inspire, and Fitbit Ace 2 designed to help make health and fitness accessible to more consumers across the globe. Consumers can choose the best device for their own journeys with leading health and fitness features at an affordable price.
On 10th February 2021, Fitbit and Diabetes UK, the leading charity for people affected by diabetes, have announced a new three-year partnership. Together they will work to educate Brits on the importance of understanding their own health and how leading a healthier and more active lifestyle can play a critical role in the prevention of type 2 diabetes and management of all types of diabetes.
- Increasing Awareness Of Fitness And Healthy Lifestyles
- Growing Prevalence of Chronic Diseases
- Growing Adoption Of Mobile Platforms
- Preference For Wireless Connectivity Supportable Devices
- High Cost of Wireless Health and Fitness Devices
- Accuracy and Standardization Of Wearable-Generated Data
Key Target AudienceHealth And Fitness Devices Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Health And Fitness Devices Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.