What is Heart Rate Monitoring Watch Market?
Heart Rate Monitoring Watch allows the consumer to measure the heart rate in real-time or record the heart rate for later study. Growing awareness among people regarding the benefits of smart fitness is the major driver which is boosting the demand heart rate monitoring watch. Rising need to avoid need health risk and increasing demand for remote patient monitoring, (constant demand for wireless health monitoring device) are propelling the market.
Highlights from Heart Rate Monitoring Watch Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Apple Inc. (United States), Garmin Ltd.,(United States), Samsung Group (South Korea), Sony Corporation (Japan), Motorola, Inc.(United States), LG Electronics Inc. (South Korea), Fitbit, Inc.(United States), Epson (Japan), Sigma Corporation (Japan), Nike, Inc. (United States) and CASIO America, Inc (United States) |
Heart Rate Monitoring Watch market is a fragmented market due to the presence of various players. The players are focusing on increasing their developing innovative and new product to improve quality. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Heart Rate Monitoring Watch market throughout the forecasted period.
Apple Inc. (United States), Garmin Ltd.,(United States), Samsung Group (South Korea), Sony Corporation (Japan), Motorola, Inc.(United States), LG Electronics Inc. (South Korea), Fitbit, Inc.(United States), Epson (Japan), Sigma Corporation (Japan), Nike, Inc. (United States) and CASIO America, Inc (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are ASUSTeK Computer Inc. (Taiwan), Polar Electro (Finland) and Omron Corporation (Japan). Heart Rate Monitoring Watch Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Medical Use, Exercise and Sport and Others |
Type | Strapless Heart Rate Monitor and Chest Strap Monitor |
Distribution channel | Online,Offline |
On the basis of geography, the market of Heart Rate Monitoring Watch 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Smart Watch
Market Growth Drivers:
Rising Awareness among People Related To Health and Fitness and Rising Demand for Fitness Devices
Challenges:
A problem regarding Power Consumption and Limited Battery Life of Heart Rate Monitoring Watch and Lack of Awareness Among Consumers
Restraints:
Limited Reliability of Data Provided by Fitness Apps
Opportunities:
Rising Demand from Emerging Economics such as India, China, Brazil, and others
Key Target Audience
Heart Rate Monitoring Watch Manufacturers, Suppliers and Distributors of Monitoring Watch, Raw Material Suppliers, Potential Investors and Research and Development Organisation
In Aug 2019, Casio America, Inc. announced that new addition to the PRO TREK Smart series of wrist devices for outdoor enthusiasts – the WSD-F21HR. Casio’s new WSD-F21HR is outfitted with a heart rate monitor for pace management during activities from road and trail running, to cycling, climbing and more.