About Health And Fitness Devices
Health and fitness devices are used majorly for monitoring the health of the wearer and keeping track of health records in remote storage for later analysis. These devices are majorly used for activity monitoring and tracking health states on a daily or periodic basis. The rising geriatric population as well as the increasing occurrence of chronic diseases has increased the use of the demand for these devices. The increasing use of artificial intelligence and big data analytics in health and fitness devices has projected to open new opportunities for global health and fitness devices market growth in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European and United States Vendors will contribute the maximum growth to Global Health And Fitness Devices market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic, Inc. (United States), Philips Healthcare (Netherland), Adidas AG (Germany), GE Healthcare (United Kingdom), Nike, Inc. (United States), Apple Inc. (United States), Abbott Laboratories (United States), Omron Healthcare (Japan), Fitbit (United States), Texas Instruments (United States), ON Semiconductor Corporation (United States), Maxim Integrated (United States) and Entra Health Systems LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Beurer GmbH (Germany), Analog Devices (United States), Renesas Electronics Corporation (Japan), Ideal Life, Inc. (Canada), Intelesens Ltd (United Kingdom), Freescale Semiconductor Inc. (United States) and Garmin Ltd (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Health And Fitness Devices market by Type (Sports & Fitness Devices (Smart Watch, Smart Clothing, Fitness Bands, Headbands, Others), Remote Health Monitoring Devices (Glucometers, Pulse Oximeters, Others) and Professional Healthcare Devices), Application (Monitoring and Diagnosis) and Region.
On the basis of geography, the market of Health And Fitness Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Health And Fitness Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Men will boost the Health And Fitness Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade Type, the sub-segment i.e. Consumer-Grade will boost the Health And Fitness Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of AI And 5G
Market Growth Drivers:
Increasing Awareness Of Fitness And Healthy Lifestyles and Growing Prevalence of Chronic Diseases
Challenges:
Accuracy and Standardization Of Wearable-Generated Data
Restraints:
High Cost of Wireless Health and Fitness Devices
Opportunities:
Growing Adoption Of Mobile Platforms and Preference For Wireless Connectivity Supportable Devices
Market Leaders and their expansionary development strategies
On 03rd June 2019, Fitbit has announced four new products Fitbit Versa Lite Edition, Fitbit Inspire HR, Fitbit Inspire, and Fitbit Ace 2 designed to help make health and fitness accessible to more consumers across the globe. Consumers can choose the best device for their own journeys with leading health and fitness features at an affordable price.
On 10th February 2021, Fitbit and Diabetes UK, the leading charity for people affected by diabetes, have announced a new three-year partnership. Together they will work to educate Brits on the importance of understanding their own health and how leading a healthier and more active lifestyle can play a critical role in the prevention of type 2 diabetes and management of all types of diabetes.
Key Target Audience
Health And Fitness Devices Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.