Market Overview:
The global wearable heart rate monitoring sensors market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fitness and health-related devices, rising awareness about heart diseases, and technological advancements in wearable heart rate monitoring sensors. Based on type, the global wearable heart rate monitoring sensors market can be segmented into wristband, headset, and others. The wristband segment is expected to account for the largest share of the global wearable heart rate monitoring sensors market in 2018 owing to its growing popularity among consumers as a fitness and health-related device. Based on application, the global wearable heart rate monitoring sensors market can be divided into private use and commercial use. The private use segment is anticipated to hold a larger share of the overall market during the forecast period owing to an increase in adoption by individuals for personal health tracking purposes.
Product Definition:
A wearable heart rate monitoring sensor is a device that can be worn on the body to track heart rate. This type of sensor is often used in exercise and fitness tracking, as well as in medical applications such as cardiac rehabilitation. The importance of wearable heart rate monitoring sensors lies in their ability to provide accurate, real-time information about a person's cardiovascular health. This data can be used to help individuals make healthy lifestyle choices, and it can also be monitored by healthcare professionals to assess the progress of treatment for cardiovascular conditions.
Wristband:
Wristband is a device that is worn on the wrist. It can measure heart rate, blood oxygen level and other health-related parameters. The data obtained from these sensors are used to monitor the physical activity of an individual and also for evaluating one's performance during sports activities or any other physical exercise.
The global wearable heart rate monitoring sensors market was valued at over USD 1 billion in 2014.
Headset:
The headset is a device that is used to communicate with the smartphone application. It converts audio signals received from the phone into audible sound waves. The headset also provides noise cancellation when using it for communication purposes, which makes it easier to understand speech of others over the phone.
The heart rate monitoring sensors are integrated with headsets.
Application Insights:
The commercial use segment dominated the global wearable heart rate monitoring sensors market in 2017. This is attributed to the growing adoption of these devices for sports training and physical activity management in several industries including healthcare, fitness, and gaming. Furthermore, increasing investments by venture capital firms in this sector are expected to drive the growth of this segment over the forecast period.
For instance, In June 2018, R&D Systems Corporation received a grant from National Institute on Aging for developing wearable heart rate monitor that can identify people at risk of suffering from cardiovascular diseases early and help them take preventive measures. The company has partnered with CTTech Corporation to develop a prototype device named ¢â‚¬Å“Corona Heart Rate Sensor¢â‚¬ that will provide continuous tracking during exercise as well as non-invasive measurement during rest periods. Such initiatives by major players are expected to increase product demand over the forecast period (2018-2030).
Regional Analysis:
North America dominated the market in 2017 owing to the high adoption of fitness devices and increasing health awareness. The region is expected to maintain its dominance over the forecast period, with a CAGR of XX% from 2018 to 2030. This can be attributed to various factors such as rising disposable income, high prevalence of cardiovascular diseases (CVDs), and sedentary lifestyles adopted by most population segments in this region.
Asia Pacific is anticipated to witness significant growth over the forecast period owing their large population base suffering from obesity and diabetes problems due lack of physical activities leading unhealthy dietary patterns which are majorly consumed in this part of world. Moreover, government initiatives encouraging healthy lifestyle are also driving regional demand for wearable heart rate monitoring sensors marketing throughout the forecast period 2030 at a significant pace.
Growth Factors:
- Increasing demand for fitness and health awareness
- Rising prevalence of cardiovascular diseases
- Technological advancements in wearable heart rate monitoring sensors
- Growing popularity of sports and physical activities
- Increasing number of research studies on the use of wearable heart rate monitoring sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Heart Rate Monitoring Sensors Market Research Report
By Type
Wristband, Headset, Others
By Application
Private Use, Commercial Use
By Companies
Apple, Garmin, Basis Technology, Withings, Samsung, Fitbit, Xiaomi, Suunto, Polar, Timex, EKHO, Mio Global, Scosche, Omron, Jarv, Wahoo
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Heart Rate Monitoring Sensors Market Report Segments:
The global Wearable Heart Rate Monitoring Sensors market is segmented on the basis of:
Types
Wristband, Headset, Others
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
Private Use, Commercial Use
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:
- Apple
- Garmin
- Basis Technology
- Withings
- Samsung
- Fitbit
- Xiaomi
- Suunto
- Polar
- Timex
- EKHO
- Mio Global
- Scosche
- Omron
- Jarv
- Wahoo
Highlights of The Wearable Heart Rate Monitoring Sensors 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:
- Wristband
- Headset
- Others
- By Application:
- Private Use
- Commercial Use
- 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 Wearable Heart Rate Monitoring Sensors 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?
Wearable heart rate monitors are sensors that are worn on the body and measure the user's heart rate. They can be used to monitor a person's health and provide information about their activity levels.
Some of the major companies in the wearable heart rate monitoring sensors market are Apple, Garmin, Basis Technology, Withings, Samsung, Fitbit, Xiaomi, Suunto, Polar, Timex, EKHO, Mio Global, Scosche, Omron, Jarv, Wahoo.
The wearable heart rate monitoring sensors market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable Heart Rate Monitoring Sensors 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 Wearable Heart Rate Monitoring Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Heart Rate Monitoring Sensors 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 Wearable Heart Rate Monitoring Sensors 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 Wearable Heart Rate Monitoring Sensors Market Size & Forecast, 2020-2028
4.5.1 Wearable Heart Rate Monitoring Sensors Market Size and Y-o-Y Growth
4.5.2 Wearable Heart Rate Monitoring Sensors 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 Wristband
5.2.2 Headset
5.2.3 Others
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 Private Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Heart Rate Monitoring Sensors 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 Wearable Heart Rate Monitoring Sensors 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 Wristband
9.6.2 Headset
9.6.3 Others
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 Private Use
9.10.2 Commercial Use
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 Wristband
10.6.2 Headset
10.6.3 Others
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 Private Use
10.10.2 Commercial Use
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 Wristband
11.6.2 Headset
11.6.3 Others
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 Private Use
11.10.2 Commercial Use
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 Wristband
12.6.2 Headset
12.6.3 Others
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 Private Use
12.10.2 Commercial Use
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 Wristband
13.6.2 Headset
13.6.3 Others
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 Private Use
13.10.2 Commercial Use
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 Wearable Heart Rate Monitoring Sensors Market: Competitive Dashboard
14.2 Global Wearable Heart Rate Monitoring Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apple
14.3.2 Garmin
14.3.3 Basis Technology
14.3.4 Withings
14.3.5 Samsung
14.3.6 Fitbit
14.3.7 Xiaomi
14.3.8 Suunto
14.3.9 Polar
14.3.10 Timex
14.3.11 EKHO
14.3.12 Mio Global
14.3.13 Scosche
14.3.14 Omron
14.3.15 Jarv
14.3.16 Wahoo
