Market Overview:
The global wireless health and fitness devices market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wearable type devices, rising awareness about the benefits of wireless health and fitness devices, and growing adoption of these devices by hospitals, family members, and nursing home patients. The wrist strap type device segment is expected to dominate the global wireless health and fitness devices market in terms of revenue during the forecast period. This segment is expected to be followed by the wearable type device segment. The other type segment is projected to register highest CAGR during the forecast period owing to its growing popularity among consumers across different regions. In terms of application, hospitals are estimated to account for majority share in terms of revenue generated from sales of wireless health.
Product Definition:
A wireless health and fitness device is a type of wearable technology that helps people track their physical activity, heart rate, calories burned, and other health metrics. Wireless health and fitness devices typically connect to a smartphone or computer to provide data tracking and analysis. These devices are often used by athletes, trainers, and healthcare professionals to help monitor patients' progress or improve their workout routine.
Wrist Strap Type Devices:
Wrist straps are used to keep the device in position while using it. They can be made of fabric or leather and come in various forms such as elastic, non-elastic, padded and non-padded. The wrist strap type devices market is driven by factors such as increasing demand for fitness products among consumers coupled with rising awareness regarding health & fitness across the globe.
Wearable Type Devices:
Wearable Type Devices are small devices that can be attached or integrated with clothing, jewelry, or body parts and used to monitor vital signs such as heart rate and temperature. They are also used for performing physical tasks such as measuring steps taken while walking or monitoring blood oxygen levels in patients suffering from respiratory diseases.
Application Insights:
The hospital segment dominated the global wireless health and fitness devices market in 2017. The increasing prevalence of chronic diseases, such as heart diseases, blood pressure disorders, respiratory problems and diabetes mellitus is expected to drive the demand for these devices in hospitals. Furthermore, growing investments by governments to improve healthcare infrastructure across developing countries are further anticipated to boost industry growth over the forecast period.
The family segment accounted for a significant share of revenue in 2017 owing to rising awareness about healthy lifestyle practices among consumers. Growing concerns regarding obesity among children as well as adults are driving demand for these products globally. Moreover, consumer preference towards wearable technology is expected fuel product demand over the forecast period particularly among working class adults living alone without kids at home age group 20¢â‚¬â€œ44 years old globally (North America).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large geriatric population base, high adoption of wireless devices by patients, and increasing demand for remote patient monitoring systems. The Asia Pacific region is expected to witness lucrative growth over the forecast period owing to rising disposable income levels and growing health awareness among consumers. Moreover, an increase in investments by key players in this region will boost regional growth further.
Growth Factors:
- Increasing demand for wireless health and fitness devices from the geriatric population as a result of growing awareness about the benefits of using such devices for preventive care.
- Proliferation of health and fitness apps that can be used with wireless health and fitness devices, which is driving consumer demand for these devices.
- Growing demand from corporate wellness programs for use of wireless health and fitness devices to track employee activity levels and improve workplace productivity.
- Increasing adoption of wearable technology by consumers, which is boosting sales growth of wireless health and fitness devices market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Health and Fitness Devices Market Research Report
By Type
Wrist Strap Type Devices, Wearable Type Devices, Other
By Application
Hospital, Family, Nursing Home, Other
By Companies
Abbott Diabetes Care, Adidas, Alive Technologies, Apple, ASUSTeK Computer, Beurer, Dexcom, Entra Health Systems, Fitbit, Garmin, Abbott Diabetes Care
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Health and Fitness Devices Market Report Segments:
The global Wireless Health and Fitness Devices market is segmented on the basis of:
Types
Wrist Strap Type Devices, Wearable Type Devices, Other
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
Hospital, Family, Nursing Home, Other
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:
- Abbott Diabetes Care
- Adidas
- Alive Technologies
- Apple
- ASUSTeK Computer
- Beurer
- Dexcom
- Entra Health Systems
- Fitbit
- Garmin
- Abbott Diabetes Care
Highlights of The Wireless Health and Fitness Devices 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:
- Wrist Strap Type Devices
- Wearable Type Devices
- Other
- By Application:
- Hospital
- Family
- Nursing Home
- Other
- 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 Wireless Health and Fitness Devices 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Wireless health and fitness devices are wearable devices that track physical activity, sleep, and nutrition. They can be used to monitor a person's progress over time or to provide feedback on how they are performing.
Some of the major companies in the wireless health and fitness devices market are Abbott Diabetes Care, Adidas, Alive Technologies, Apple, ASUSTeK Computer, Beurer, Dexcom, Entra Health Systems, Fitbit, Garmin, Abbott Diabetes Care.
The wireless health and fitness devices market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wireless Health and Fitness Devices 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 Wireless Health and Fitness Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wireless Health and Fitness Devices 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 Wireless Health and Fitness Devices 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 Wireless Health and Fitness Devices Market Size & Forecast, 2020-2028
4.5.1 Wireless Health and Fitness Devices Market Size and Y-o-Y Growth
4.5.2 Wireless Health and Fitness Devices 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 Wrist Strap Type Devices
5.2.2 Wearable Type Devices
5.2.3 Other
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 Hospital
6.2.2 Family
6.2.3 Nursing Home
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wireless Health and Fitness Devices 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 Wireless Health and Fitness Devices 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 Wrist Strap Type Devices
9.6.2 Wearable Type Devices
9.6.3 Other
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 Hospital
9.10.2 Family
9.10.3 Nursing Home
9.10.4 Other
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 Wrist Strap Type Devices
10.6.2 Wearable Type Devices
10.6.3 Other
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 Hospital
10.10.2 Family
10.10.3 Nursing Home
10.10.4 Other
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 Wrist Strap Type Devices
11.6.2 Wearable Type Devices
11.6.3 Other
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 Hospital
11.10.2 Family
11.10.3 Nursing Home
11.10.4 Other
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 Wrist Strap Type Devices
12.6.2 Wearable Type Devices
12.6.3 Other
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 Hospital
12.10.2 Family
12.10.3 Nursing Home
12.10.4 Other
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 Wrist Strap Type Devices
13.6.2 Wearable Type Devices
13.6.3 Other
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 Hospital
13.10.2 Family
13.10.3 Nursing Home
13.10.4 Other
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 Wireless Health and Fitness Devices Market: Competitive Dashboard
14.2 Global Wireless Health and Fitness Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Diabetes Care
14.3.2 Adidas
14.3.3 Alive Technologies
14.3.4 Apple
14.3.5 ASUSTeK Computer
14.3.6 Beurer
14.3.7 Dexcom
14.3.8 Entra Health Systems
14.3.9 Fitbit
14.3.10 Garmin
14.3.11 Abbott Diabetes Care
