Wireless Health and Fitness Devices Market – Overview
The increased preference for wireless technologies is anticipated to raise the demand for wireless health and fitness devices globally. Reports that review the healthcare IT industry has been offered by Market Research Future, which generates reports on industry verticals that evaluate the market development and opportunities. The market is anticipated to be shaped by a CAGR of 12.5 % in the forecast period.
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Market Segmentation
The market for wireless health and fitness devices is segmented based on type, product, application, and end-users.
Depending on type, the global wireless health and fitness devices market is segmented into sensors, mobile, watch, Bluetooth, USB, and others.
Product-based segments in global wireless health and fitness devices market are wireless remote health monitoring devices, wireless professional healthcare devices, and wireless sports & fitness devices. Furthermore, the wireless remote health monitoring devices are segmented into pulse oximeters, glucometers, and others.
Application-dependent segments in the market include diagnosis and monitoring.
End-users in the global wireless health and fitness devices market are hospitals, sports and fitness institute, and others.
Regional Analysis
Based on region, the global wireless health and fitness devices market is spread across Europe, Asia Pacific, America, and the Middle East and Africa.
On a global level, America is touted as the leader in the global wireless health and fitness devices market with over 40% of the total market share in 2016. The strong growth in the region is owing to the presence of a high percentage of population that suffer from diabetes. In addition, with the technological advancements, presence of major manufacturers, and increasing expenditure on healthcare, the market is in the region is benefitting spectacularly.
Competitive Analysis
The market is ushering in a phase of development that is expected to be motivated by the positive factors in the market. The demographics present in the market present a favorable outlook in terms of product expansion and future growth potential. The strategies in the market are being aimed at improving the overall progress of the market, with the business models taking into account all contingencies that may arise in the coming years. The profitability in the market is enhanced significantly by the existence of strong strategies deployed by market players. The identification and use of apposite media channels are expected to transform the market development in the coming years. The pull created by the businesses in the market by positioning marketing policies and events is additionally growing the development of the market. The improvement of production resources is likely to stimulate the market’s improvement in the forecast period.
The eminent contenders in the wireless health and fitness devices market are Abbott Laboratories (US), Beuer GmbH (Germany), GE Healthcare (UK), Entra Health Systems LLC (US), Adidas AG (Germany), Ideal Life, Inc. (Canada), Garmin Ltd (Switzerland)Analog Devices (US), Renesas Electronics Corporation (Japan), Maxim Integrated (US), Fitbit (US), Philips Healthcare (Netherland), Omron Healthcare (Japan), Medtronic, Inc. (US), Nike, Inc. (US), Apple Inc (US), ON Semiconductor Corporation (US), Intelesens Ltd (UK), Texas Instruments (US) and Freescale Semiconductor Inc. (US) to name a few.
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