Market Overview:
The global watch-type heart rate monitors market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wearable devices, rising awareness about heart health, and technological advancements in watch-type heart rate monitors. The global watch-type heart rate monitors market is segmented on the basis of type into Bluetooth and non Bluetooth watches. The Bluetooth watches segment is expected to grow at a higher CAGR than the non Bluetooth watches segment during the forecast period from 2018 to 2030. This can be attributed to the growing demand for smartwatches and fitness trackers that come equipped with features such as heart rate monitoring. On the basis of application, the global watch-type heart rate monitors market is divided into home application, medical application, and business application segments. The home application segment is projected to hold a larger share of this market than other segments duringthe forecast period from 2018to2030 owingto its growing popularity among consumers worldwide as a means of tracking their daily physical activity levelsand improving their overall health outcomes .
Product Definition:
A watch-type heart rate monitor is a device that helps people to track their heart rate during physical activity. This type of monitor is typically worn as a watch, and it records the user's heart rate information while they are working out. This information can then be used to help people to stay in their target heart rate zone, which can improve their overall workout performance. Additionally, watch-type heart rate monitors can also help people to track their progress over time, as they can see how their average heart rate changes with different types of exercise.
Bluetooth:
Bluetooth is a wireless technology for connecting two devices, such as smartphones and tablets to various peripherals. It allows the transfer of data over short distances using radio frequency (RF) signals. Bluetooth works on the 2.4 GHz band in the UHF category with a range of up to 10 meters.
Non Bluetooth:
Non Bluetooth heart rate monitors are those heart rate monitors which do not have Bluetooth connectivity. The most common types of non-Bluetooth HRM used in sports and fitness activities include optical, infrared, and photoelectric sensors. These devices use an external wire to transmit the data from the sensor to the device where it is displayed on the screen of a smartphone or tablet.
Application Insights:
The medical application segment dominated the global market in 2017. This is attributed to the increasing use of these devices by athletes and patients for tracking heart rate during physical activity or rest. The home application segment is expected to witness significant growth over the forecast period owing to an increase in demand for advanced monitoring devices that can help manage weight, sleep, and stress among other health issues. Furthermore, growing awareness about these products as a result of extensive advertising campaigns by various companies is also expected to drive growth over the forecast period.
The business segment held a substantial share in 2017 due largely to increased adoption among athletes and fitness enthusiasts who are constantly on the lookout for new ways of improving their performance levels while reducing workout time at same intensity level without compromising with results gained through hard work out at gym or fitness club.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for technologically advanced medical devices. The region is expected to maintain its dominance over the forecast period due to increasing cases of cardiac disorders and growing awareness about various available treatments. Asia Pacific is anticipated to be the fastest-growing regional market from 2018 to 2030 due rising healthcare infrastructure, improving economic conditions, and a large population base suffering from cardiovascular diseases or diabetes. Moreover, an increase in disposable income levels will boost product adoption across all major markets during the forecast period.
Growth Factors:
- Increasing demand for fitness and health awareness
- Rising prevalence of cardiovascular diseases
- Technological advancements in watch-type heart rate monitors
- Growing popularity of wearable technology
- Rising disposable income
Scope Of The Report
Report Attributes
Report Details
Report Title
Watch-Type Heart Rate Monitors Market Research Report
By Type
Bluetooth, Non Bluetooth
By Application
Home Application, Medical, Business
By Companies
Transtek, MEDISANA GMBH, Sanitas, SAMSUNG, Garmin, Apple, Fitbit, Withings, Xiaomi, Huawei, OPPO, SUUNTO
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Watch-Type Heart Rate Monitors Market Report Segments:
The global Watch-Type Heart Rate Monitors market is segmented on the basis of:
Types
Bluetooth, Non Bluetooth
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Application, Medical, Business
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Transtek
- MEDISANA GMBH
- Sanitas
- SAMSUNG
- Garmin
- Apple
- Fitbit
- Withings
- Xiaomi
- Huawei
- OPPO
- SUUNTO
Highlights of The Watch-Type Heart Rate Monitors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bluetooth
- Non Bluetooth
- By Application:
- Home Application
- Medical
- Business
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Watch-Type Heart Rate Monitors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A watch-type heart rate monitor is a small, wearable device that measures your heart rate using sensors on the device. These monitors are typically worn on your wrist or around your neck and can be used to track how often you are exercising and how hard you are working. They can also help you to better understand your resting heart rate and identify potential health risks associated with high blood pressure, obesity, or other conditions.
Some of the major players in the watch-type heart rate monitors market are Transtek, MEDISANA GMBH, Sanitas, SAMSUNG, Garmin, Apple, Fitbit, Withings, Xiaomi, Huawei, OPPO, SUUNTO.
The watch-type heart rate monitors market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Watch-Type Heart Rate Monitors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Watch-Type Heart Rate Monitors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Watch-Type Heart Rate Monitors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Watch-Type Heart Rate Monitors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Watch-Type Heart Rate Monitors Market Size & Forecast, 2020-2028
4.5.1 Watch-Type Heart Rate Monitors Market Size and Y-o-Y Growth
4.5.2 Watch-Type Heart Rate Monitors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bluetooth
5.2.2 Non Bluetooth
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Application
6.2.2 Medical
6.2.3 Business
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Watch-Type Heart Rate Monitors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Watch-Type Heart Rate Monitors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bluetooth
9.6.2 Non Bluetooth
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Application
9.10.2 Medical
9.10.3 Business
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bluetooth
10.6.2 Non Bluetooth
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Application
10.10.2 Medical
10.10.3 Business
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bluetooth
11.6.2 Non Bluetooth
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Application
11.10.2 Medical
11.10.3 Business
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bluetooth
12.6.2 Non Bluetooth
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Application
12.10.2 Medical
12.10.3 Business
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bluetooth
13.6.2 Non Bluetooth
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Application
13.10.2 Medical
13.10.3 Business
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Watch-Type Heart Rate Monitors Market: Competitive Dashboard
14.2 Global Watch-Type Heart Rate Monitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Transtek
14.3.2 MEDISANA GMBH
14.3.3 Sanitas
14.3.4 SAMSUNG
14.3.5 Garmin
14.3.6 Apple
14.3.7 Fitbit
14.3.8 Withings
14.3.9 Xiaomi
14.3.10 Huawei
14.3.11 OPPO
14.3.12 SUUNTO
