Wireless health and fitness devices market research report, by type (mobile, watch, USB, bluetooth, sensors and others), by products (wireless sports & fitness devices, wireless remote health monitoring devices, wireless professional healthcare devices), by application (monitoring and diagnosis), end users (hospitals, sports and fitness institute) - global forecast till 2027
Wireless health and fitness devices operate on advanced wireless technologies catering different medical needs. Wireless technology has gathered a healthy momentum in healthcare. It used in diagnosis, monitoring and treatment. Wireless health and fitness devices are expected play an important role in improving care quality in years ahead. Market Research Future (MRFR) in its latest study finds that the global wireless health and fitness market is set to exhibit 12.5% CAGR during the assessment period (2017-2023).
Wireless medical care devices are being increasingly used for improving personal health and monitor vital signs on a daily basis. As consumer become more aware about their health, these devices will become more popular. There is a slew of wireless devices available, which have diverse applications. These devices deliver crucial health insights. Advances in sensor technology has made these devices highly accurate and credible.
Increased occurrence of lifestyle diseases such as chronic diabetes, high blood pressure, etc. worldwide is driving the demand for wireless health and fitness devices. Moreover, these devices are also being used in sports performance analytics. Effort are required to make these devices more affordable to penetrate price-sensitive markets.
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Global Wireless and Fitness Device Market: Segmental Analysis
MRFR’s report offers a detailed segmental analysis of the market based on type, application, product, end-user and region.
By type, the market has been segmented into sensors, USB, mobile, Bluetooth, watch, and others. By application, the market has been segmented into monitoring and diagnosis. On the basis of product, the market has been segmented into wireless sports & fitness devices, wireless professional healthcare devices and wireless remote health monitoring devices. The wireless remote health monitoring segment is further sub-segmented into glucometers, pulse oximeters and others. By end-users, the market has been segmented into hospitals, sports and fitness institute and others.
Global Wireless and Fitness Device Market: Regional Analysis
On the basis of region, the market has been segmented into the Americas, the Middle East & Africa (MEA), Europe, Asia Pacific (APAC). The Americas account for the largest market share in terms of revenue. This is mainly attributed to factors such as high healthcare spending, increased occurrence of chronic disorders and high level of awareness. Over the years, the prevalence of diabetes has increased substantially in the U.S. and Canada, which has influenced the demand for wireless health and fitness devices in the region. Increased investment healthcare technology sector, favourable government support and presence of not-notch healthcare technology companies are some of the factors driving the market in the region. The Americas wireless health and fitness devices market is expected to retain it top position over 2023. North America is followed by Europe. The market in Europe is expected to remain highly attractive during the assessment period. Latest healthcare policies introduced by EU resonates its efforts to integrate advanced technologies in healthcare to deliver effective care. APAC represents the second largest market for wireless health and fitness devices. Presence of a vast patient population makes APAC a potential market. During the forecast period, the market in the region is expected to witness a strong growth. In MEA, the growth is expected to be relatively slower.
Global Wireless and Fitness Device Market: Competition Analysis
Some of the top-notch companies in the global wireless and fitness device market include Abbott Laboratories (US), GE Healthcare (UK), Entra Health Systems LLC (US), Ideal Life, Inc. (Canada), Renesas Electronics Corporation (Japan), Omron Healthcare (Japan), Nike, Inc. (US), ON Semiconductor Corporation (US), Freescale Semiconductor Inc. (US), Fitbit (US), Beuer GmbH (Germany), Apple Inc (US), Maxim Integrated (US), Garmin Ltd (Switzerland), Adidas AG (Germany), Analog Devices (US), Medtronic, Inc. (US), Philips Healthcare (Netherland), Intelesens Ltd (UK), and Texas Instruments (US).
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