Market Overview:
The global heart rate sensor 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 and rising awareness about heart health. By application, family practices are expected to account for the largest share of the global heart rate sensor market in 2018, followed by professional medicals and consumer electronics. North America is estimated to be the largest regional market for heart rate sensors in 2018, followed by Europe and Asia Pacific.
Product Definition:
A heart rate sensor is a device used to measure the heart rate of a person. It can be either a wearable device or one that is used externally. The importance of heart rate sensors lies in their ability to help people track their fitness and health goals by monitoring their heart rate over time.
Photoplethysmography Sensors.:
The technique is used for noninvasive assessment of hemodynamic parameters, such as cardiac output, total peripheral resistance, preload, afterload and augmentation index.
Electrocardiography Sensors:
The electrocardiography sensors market is expected to witness significant growth over the forecast period. The major driving factors responsible for this growth are increasing prevalence of cardiovascular diseases and growing demand for home healthcare devices. Moreover, technological advancements in sensor manufacturing and design are also anticipated to boost the market during the forecast period.
Application Insights:
The professional medical segment dominated the global heart rate sensor market in terms of revenue in 2017. This can be attributed to the growing adoption of these devices by healthcare professionals for various applications such as cardiac stress testing, Holter monitoring, and EKG interpretation. Moreover, technological advancements and new product launches are expected to drive the growth of this segment over the forecast period. For instance, in October 2016; Samsung Electronics announced a partnership with Medis Lifeline Ltd., a clinical-stage biotechnology company for developing an advanced wearable device that would enable people with atrial fibrillation to live more active lives without any risk of blood clots forming during exercise. Such initiatives by key industry players are expected to fuel market growth over the forecast period.
Professional medical application is anticipated to register significant CAGR exceeding 12% from 2018 to 2030 owingto increasing demand from countries such as India.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies. The U.S. is one of the most developed countries with respect to technology adoption and this trend is expected to continue over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period due to increasing disposable income levels, rising health awareness among consumers, and government initiatives for improving public health systems in developing economies including India & China & Indonesia etcetera – all these factors are contributing towards rapid market growth in APAC region at present time (2017).
Growth Factors:
- Increasing demand for heart rate sensors in fitness and sports industry
- Rising awareness about the health benefits of heart rate monitoring
- Technological advancements in heart rate sensor technology
- Growing popularity of wearable devices and smart watches that incorporate heart rate sensors
- Increasing demand for personalized health care services
Scope Of The Report
Report Attributes
Report Details
Report Title
Heart Rate Sensor Market Research Report
By Type
Photoplethysmography Sensors., Electrocardiography Sensors
By Application
Professional Medicals, Family Practices, Consumer Electronics
By Companies
Analog Devices, Maxim Integrated, Philips, AMS, Murata Manufacturing, Seiko Epson, New Japan Radio, OSRAM, PulseOn, Valencell, Salutron, Polar Electro, Weltrend, PixArt Imaging, Shenzhen Huajing Baofeng, SOON
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Heart Rate Sensor Market Report Segments:
The global Heart Rate Sensor market is segmented on the basis of:
Types
Photoplethysmography Sensors., Electrocardiography Sensors
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
Professional Medicals, Family Practices, Consumer Electronics
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:
- Analog Devices
- Maxim Integrated
- Philips
- AMS
- Murata Manufacturing
- Seiko Epson
- New Japan Radio
- OSRAM
- PulseOn
- Valencell
- Salutron
- Polar Electro
- Weltrend
- PixArt Imaging
- Shenzhen Huajing Baofeng
- SOON
Highlights of The Heart Rate Sensor 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:
- Photoplethysmography Sensors.
- Electrocardiography Sensors
- By Application:
- Professional Medicals
- Family Practices
- Consumer Electronics
- 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 Heart Rate Sensor 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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- Understanding Competition Scenario
- 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?
A heart rate sensor is a small, wearable device that measures the number of beats per minute (bpm) of your heart. This information can be used to track your physical activity and monitor your overall health.
Some of the key players operating in the heart rate sensor market are Analog Devices, Maxim Integrated, Philips, AMS, Murata Manufacturing, Seiko Epson, New Japan Radio, OSRAM, PulseOn, Valencell, Salutron, Polar Electro, Weltrend, PixArt Imaging, Shenzhen Huajing Baofeng, SOON.
The heart rate sensor market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heart Rate Sensor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heart Rate Sensor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heart Rate Sensor Market - Supply Chain
4.5. Global Heart Rate Sensor Market Forecast
4.5.1. Heart Rate Sensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heart Rate Sensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heart Rate Sensor Market Absolute $ Opportunity
5. Global Heart Rate Sensor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heart Rate Sensor Market Size and Volume Forecast by Type
5.3.1. Photoplethysmography Sensors.
5.3.2. Electrocardiography Sensors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heart Rate Sensor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heart Rate Sensor Market Size and Volume Forecast by Application
6.3.1. Professional Medicals
6.3.2. Family Practices
6.3.3. Consumer Electronics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heart Rate Sensor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heart Rate Sensor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heart Rate Sensor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heart Rate Sensor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heart Rate Sensor Demand Share Forecast, 2019-2026
9. North America Heart Rate Sensor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heart Rate Sensor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heart Rate Sensor Market Size and Volume Forecast by Application
9.4.1. Professional Medicals
9.4.2. Family Practices
9.4.3. Consumer Electronics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heart Rate Sensor Market Size and Volume Forecast by Type
9.7.1. Photoplethysmography Sensors.
9.7.2. Electrocardiography Sensors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heart Rate Sensor Demand Share Forecast, 2019-2026
10. Latin America Heart Rate Sensor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heart Rate Sensor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heart Rate Sensor Market Size and Volume Forecast by Application
10.4.1. Professional Medicals
10.4.2. Family Practices
10.4.3. Consumer Electronics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heart Rate Sensor Market Size and Volume Forecast by Type
10.7.1. Photoplethysmography Sensors.
10.7.2. Electrocardiography Sensors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heart Rate Sensor Demand Share Forecast, 2019-2026
11. Europe Heart Rate Sensor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heart Rate Sensor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heart Rate Sensor Market Size and Volume Forecast by Application
11.4.1. Professional Medicals
11.4.2. Family Practices
11.4.3. Consumer Electronics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heart Rate Sensor Market Size and Volume Forecast by Type
11.7.1. Photoplethysmography Sensors.
11.7.2. Electrocardiography Sensors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heart Rate Sensor Demand Share, 2019-2026
12. Asia Pacific Heart Rate Sensor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heart Rate Sensor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heart Rate Sensor Market Size and Volume Forecast by Application
12.4.1. Professional Medicals
12.4.2. Family Practices
12.4.3. Consumer Electronics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heart Rate Sensor Market Size and Volume Forecast by Type
12.7.1. Photoplethysmography Sensors.
12.7.2. Electrocardiography Sensors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heart Rate Sensor Demand Share, 2019-2026
13. Middle East & Africa Heart Rate Sensor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heart Rate Sensor Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heart Rate Sensor Market Size and Volume Forecast by Application
13.4.1. Professional Medicals
13.4.2. Family Practices
13.4.3. Consumer Electronics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heart Rate Sensor Market Size and Volume Forecast by Type
13.7.1. Photoplethysmography Sensors.
13.7.2. Electrocardiography Sensors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heart Rate Sensor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heart Rate Sensor Market: Market Share Analysis
14.2. Heart Rate Sensor Distributors and Customers
14.3. Heart Rate Sensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Analog Devices
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Maxim Integrated
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Philips
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AMS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Murata Manufacturing
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Seiko Epson
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. New Japan Radio
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. OSRAM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. PulseOn
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Valencell
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Salutron
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Polar Electro
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Weltrend
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. PixArt Imaging
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shenzhen Huajing Baofeng
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SOON
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook