Global Wireless Health and Fitness Devices Market Overview:
Wireless health and fitness devices 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 state 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 wireless health and fitness devices will open new opportunities for market growth in the coming years.
- Increasing Awareness Of Fitness And Healthy Lifestyles
- Growing Prevalence of Chronic Diseases
- High Cost of Wireless Health and Fitness Devices
- Growing Adoption Of Mobile Platforms
- Preference For Wireless Connectivity Supportable Devices
- Accuracy and Standardization Of Wearable-Generated Data
The market is fragmented by numerous key players who have the bargaining power high in the global wireless health and fitness devices market. The Intensity of rivalry appears to be high in this market as competitors are numerous and the drugs are undifferentiated. Major companies in this market are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability.
Some of the key players profiled in the report are Fitbit (United States), Nike, Inc. (United States), Apple Inc. (United States), Abbott Laboratories (United States), Philips Healthcare (Netherland), Omron Healthcare (Japan), Adidas AG (Germany), GE Healthcare (United Kingdom), Medtronic, Inc. (United States), Texas Instruments (United States), ON Semiconductor Corporation (United States), Maxim Integrated (United States), Entra Health Systems LLC (United States), Beuer GmbH (Germany), Analog Devices (United States) and Renesas Electronics Corporation (Japan). Additionally, following companies can also be profiled that are part of our coverage like Ideal Life, Inc. (Canada), Intelesens Ltd (United Kingdom), Freescale Semiconductor Inc. (United States) and Garmin Ltd (Switzerland). Considering Market by Sales Channel, the sub-segment i.e. Pharmacies will boost the Wireless Health and Fitness Devices market. Considering Market by Device Type, the sub-segment i.e. Sports & Fitness Devices (Smart Watch, Smart Clothing, Fitness Bands, Headbands, Others) will boost the Wireless Health and Fitness Devices market. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Wireless Health and Fitness Devices market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wireless Health and Fitness Devices market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wireless Health and Fitness Devices market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Wireless Health and Fitness Devices Manufacturer, Raw Material Suppliers, Contract Research Organizations (CROs), Medical Research Laboratories, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.