Market Overview:
The global wrist heart rate monitors market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for wearable devices and rising awareness about the benefits of using wrist heart rate monitors. Based on type, the global wrist heart rate monitors market is segmented into man chest heart rate monitors and woman chest heart rate monitors. The man chest heart rate monitor segment is expected to account for a larger share of the market in 2018 owing to its growing popularity among men. However, the woman chest heart rate monitor segment is projected to grow at a higher CAGR during the forecast period due to its increasing adoption by women athletes and fitness enthusiasts. Based on application, the global wrist heart ratemonitors market is divided into fat burn, cardio, peak performance and others (including stress management).
Product Definition:
A wrist heart rate monitor is a device used to measure your heart rate by detecting the electrical activity of your heartbeat. This information can be used to help you train and improve your cardiovascular health.
Man Chest Heart Rate Monitors:
It is a device that measures the body's oxygen and carbon dioxide levels, through which the heart rate can be determined. The man chest heart rate monitors are used by athletes to monitor their pulse and maintain their normal heartbeat.
Woman Chest Heart Rate Monitors:
It is a device that helps in monitoring the heart rate of women. It is used as an aid to lose weight and increase fitness by burning calories through various aerobic exercises. The normal range for the heart rate of a human being ranges between 60 to 100 beats per minute. However, some people have lower or higher rates depending on age, gender and other factors.
Application Insights:
The cardio segment dominated the global market in 2017. The segment is expected to witness significant growth over the forecast period owing to an increase in demand for advanced cardiac fitness equipment and growing awareness among people regarding early detection of cardiovascular diseases. Peak heart rate monitors are preferred by athletes and individuals who engage regularly in physical activities as these devices help them attain their maximum heart rate (MHR) target zones during training or competitive sports events.
Fat burn is anticipated to be the fastest-growing application segment from 2018 to 2030 due largely to a rise in demand for weight loss products with improved results. Moreover, increasing popularity of wearable devices that track calorie consumption has increased product demand globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness about health, high disposable income, and availability of advanced products in this region. Moreover, presence of key players such as Apple Inc.; Google LLC; Samsung Electronics Co., Ltd; and Garmin Ltd.; has positively influenced the growth of this regional market.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand for wearable devices especially heart rate monitors from countries such as China and India due to increasing consumer awareness regarding fitness activities along with growing urbanization rates in these countries which increases cardiovascular diseases risk factors such as obesity & diabetes mellitus type 2 Also contributing towards regional growth are emerging economies such as Japan that have a large base of aging population thus creating a huge potential for geriatric care applications Heart disease is one of the major causes leadingto death among people aged 45 years.
Growth Factors:
- Increasing demand for fitness and health awareness
- Rising prevalence of lifestyle diseases
- Technological advancements in wrist heart rate monitors
- Growing popularity of wearable technology
- Increasing number of health and fitness enthusiasts
Scope Of The Report
Report Attributes
Report Details
Report Title
Wrist Heart Rate Monitors Market Research Report
By Type
Man Chest Heart Rate Monitors, Woman Chest Heart Rate Monitors
By Application
Fat Burn, Cardio, Peak
By Companies
Fitbit, Xiaomi, Apple, Samsung, Garmin, 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
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Wrist Heart Rate Monitors Market Report Segments:
The global Wrist Heart Rate Monitors market is segmented on the basis of:
Types
Man Chest Heart Rate Monitors, Woman Chest Heart Rate Monitors
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
Fat Burn, Cardio, Peak
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:
- Fitbit
- Xiaomi
- Apple
- Samsung
- Garmin
- Suunto
- Polar
- Timex
- EKHO
- Mio Global
- Scosche
- Omron
- Jarv
- Wahoo
Highlights of The Wrist 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:
- Man Chest Heart Rate Monitors
- Woman Chest Heart Rate Monitors
- By Application:
- Fat Burn
- Cardio
- Peak
- 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 Wrist 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Wrist heart rate monitors are devices that measure the amount of blood flow through your wrist with each heartbeat. This information is then used to calculate your heart rate.
Some of the major companies in the wrist heart rate monitors market are Fitbit, Xiaomi, Apple, Samsung, Garmin, Suunto, Polar, Timex, EKHO, Mio Global, Scosche, Omron, Jarv, Wahoo.
The wrist heart rate monitors market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wrist 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 Wrist Heart Rate Monitors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wrist 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 Wrist 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 Wrist Heart Rate Monitors Market Size & Forecast, 2020-2028
4.5.1 Wrist Heart Rate Monitors Market Size and Y-o-Y Growth
4.5.2 Wrist 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 Man Chest Heart Rate Monitors
5.2.2 Woman Chest Heart Rate Monitors
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 Fat Burn
6.2.2 Cardio
6.2.3 Peak
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wrist 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 Wrist 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 Man Chest Heart Rate Monitors
9.6.2 Woman Chest Heart Rate Monitors
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 Fat Burn
9.10.2 Cardio
9.10.3 Peak
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 Man Chest Heart Rate Monitors
10.6.2 Woman Chest Heart Rate Monitors
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 Fat Burn
10.10.2 Cardio
10.10.3 Peak
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 Man Chest Heart Rate Monitors
11.6.2 Woman Chest Heart Rate Monitors
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 Fat Burn
11.10.2 Cardio
11.10.3 Peak
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 Man Chest Heart Rate Monitors
12.6.2 Woman Chest Heart Rate Monitors
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 Fat Burn
12.10.2 Cardio
12.10.3 Peak
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 Man Chest Heart Rate Monitors
13.6.2 Woman Chest Heart Rate Monitors
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 Fat Burn
13.10.2 Cardio
13.10.3 Peak
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 Wrist Heart Rate Monitors Market: Competitive Dashboard
14.2 Global Wrist Heart Rate Monitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fitbit
14.3.2 Xiaomi
14.3.3 Apple
14.3.4 Samsung
14.3.5 Garmin
14.3.6 Suunto
14.3.7 Polar
14.3.8 Timex
14.3.9 EKHO
14.3.10 Mio Global
14.3.11 Scosche
14.3.12 Omron
14.3.13 Jarv
14.3.14 Wahoo
