COVID 19 Impact on Wireless Health and Fitness Devices Market Development Status, Business Strategy And Industry Segments Poised For Strong Growth In Future 2023

Wireless Health and Fitness Devices Market Scenario

According to Market Research Future (MRFR), the wireless health and fitness devices market trends is subjected to expand at 12.5% CAGR over the forecast period (2017-2023) owing to the rapid technological advancements. Wireless health can be referred to as the implementation of wireless technology in the medical field to monitor, diagnose, and treatment of the diseases. Wireless health is also used to improve personal health. Fitness devices are also used to track daily personal fitness and comprise wearable matches, medical tricorder, headbands, and others.

Drivers and Constraints Impacting the Market

With the increasing prevalence of various lifestyle diseases such as diabetes which require continuous monitoring, the market for wireless health and fitness devices have augmented during the assessment period. The rapid advancements in motion sensors have further propelled the market growth across the globe. Moreover, growing awareness associated with health, improved standard of living, and growing incidences of lifestyle diseases are presumed to contribute to the market growth.

On the flip side, high cost of diseases along with poor reimbursement policy are some of the major factors impeding the market growth.

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Wireless Health and Fitness Devices Market: Segmental Analysis

The wireless health and fitness devices market has been segmented on the basis of type, products, end-users, application, and region.

By mode of type, the wireless health and fitness devices market has been segmented into watch, mobile, Bluetooth, USB, sensors, and others.

By mode of products, the global wireless health and fitness devices market has been segmented into remote health monitoring devices, professional healthcare devices, and sports & fitness devices. Among these, the wireless remote health monitoring devices segment is further sub-segmented into glucometers, pulse oximeters, and others.

By mode of application, the wireless health and fitness devices market has been segmented into diagnosis and monitoring.

By mode of end-users, the wireless health and fitness devices market has been segmented into sports and fitness institute, and hospitals.

Wireless Health and Fitness Devices Market Regional Insights

Regionally, the market span across America, Europe, Asia Pacific, and the Middle East and Africa.

Among all the regions, America is considered to dominate the global wireless health and fitness devices market. The growth is attributed to the high prevalence of diabetes in this region. Moreover, rising healthcare expenditure, technological advancements, and presence of key manufacturers are likely to contribute to the market growth in the coming years.

Europe is considered to hold the second position followed by the Asia Pacific region. The growth in the Asia Pacific region is mainly due to the presence of huge obese population and rising expenditure on healthcare.

Meanwhile, the Middle East and Africa are considered to register the least growth during the assessment period due to the limited development in the healthcare sector along with poor economy.

Wireless Health and Fitness Devices Industry Updates

November 15, 2018: Withings has recently announced a brand-new fitness tracker, the Pulse HR. The design of the tracker takes after that of the original Withings Pulse while implementing modern features into the wrist-bound wearable. The features comprise tracking for heart rate monitoring and multiple sports and activities.

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Wireless Health and Fitness Devices Market Competitive Dashboard

The key players operating the market are Abbott Laboratories (US), Maxim Integrated (US), Philips Healthcare (Netherland), Beurer GmbH (Germany), Omron Healthcare (Japan), Freescale Semiconductor Inc. (US), Entra Health Systems LLC (US), Apple Inc (US), Garmin Ltd (Switzerland), Fitbit (US), Texas Instruments (US), Intelesens Ltd (UK), ON Semiconductor Corporation (US), Medtronic Inc. (US), Analog Devices (US), Renesas Electronics Corporation (Japan), Adidas AG (Germany), Nike Inc. (US), GE Healthcare (UK), and Ideal Life Inc. (Canada).