Heart Rate Monitor Watch Market Forecast Report with Size, Challenges to Market Growth, Market Trends, Drivers, Key Market Players (pple, Sony, Garmin, Motorola, Asus, LG, Epson, Mio, Sigma, Samsung, Nike, Polar, Lenovo, and Fitbit.) & their Strategies Ti

The market for Global Heart Rate Monitor Watch Market has been undergoing a transitional phase over the recent past. The continual advancements in technologies and the swift increase in infrastructural development projects have influenced the demand for Heart Rate Monitor Watch Market substantially over the past few years. The swift rise in urbanization and the significant increase in the disposable income of people are likely to maintain the demand pace of Heart Rate Monitor Watch Market in the near future. The augmenting interest of investors, government funding, and the rising trend of automation are also projected to reflect positively on this market in the years to come.

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According to WHO, every year about 17.7 million lives are lost due to cardiovascular diseases (CVD), representing 31% of all global deaths. Smoking, physical inactivity, poor diet, and excessive alcohol consumption are few of the behavioral reasons responsible for developing health disease. Increasing prevalence of diabetes, obesity, overweight, high blood pressure and high cholesterol are some of the physiological conditions that are related to the development of heart diseases. Approximately 1.9 billion adults were reported overweight, of which 650 million adults were obese. In addition, the prevalence of diabetes was also reported to be 177.4 million in 2017 and is expected to reach 337.8 million by 2045.

In the race to increase life expectancy and prevent disease development, medical as well as research communities are consistently engaged in developing diagnostic and treatment tools for different diseases. In addition, majority of patients visit medical physicians to receive treatment based on their online search results. With such intensified health awareness in the era of ‘Smart’ gadgets, demand for heart rate monitor watch is set to witness persistent growth in future.

Will Smartphone Health Apps Compete the Heart Rate Monitor Watch Market?

Introduction of smartphone apps to monitor heart rates occupied attentions of many. However, the credibility of the measurement has been consistently questioned by consumers as well as medical professionals. Smartphone apps monitor heart rates through phone camera and in some cases, the apps are paid. Whereas fitness bands or heart rate monitor watch measures heart rates through pulse sensor. The latter technology has proved reliable among consumers. The popularity of wearable devices especially one with heart rate monitoring feature has increased dramatically, to an extent that they are considered to be the next ‘Dr.Google’. Apart from sports enthusiasts, these devices are highly preferred by consumers who are already leading a healthy life and wants to monitor their progress. With such popularity, health rate monitor watch can easily outnumber smartphone health apps in adoption and reliability.

Are Smart Watches A Challenge to Conventional Heart Rate Monitors?

Conventional and clinical heart rate monitor design includes a chest strap transmitter and a wrist receiver. Early chest straps were made of plastic and used conductive fabric to measure heart rates similar to an EKG. Modern chest bands are a single strap that monitor heart rate through electrical signals. However, none of these is popular in terms of delivering comfort. Further, their bulky appearance remains visible up under clothing. In contrast to these, smartwatch provides comfort as well as trendy outlook for the fashion conscious.

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A Combination of Diagnostic Features to Gain Consumer Traction

A heart rate monitor watch with calorie counter, sleep tracker, voice recorder, reminder, workout logs, and many other features has not only become famous among people performing physical exercise but also among general fitness conscious individuals. Advanced oximeter, accelerometer, thermometer, electrodermograph and other sensors have made these wearable devices a comprehensive diagnostic tool that enables consumers to monitor their health without a regular visit to physicians.

Key Company Developments

Majority of wearable manufacturers are striving to deliver an all-in-one platform to consumers that can improve health and instigate healthy habits.

Garmin, a leading manufacturer of smart wearable, has recently launched its hybrid smart watch Vivomove HR in India through Helios stores as well as different e-commerce platforms.
Fitbit launched its smart watch wearable, Versa in South Africa. With its own Fitbit OS 2.0, combination of heart rate monitor, sleep and distance tracker is likely to attract a range of consumers.
Puma has recently made a 10 year agreement with Fossil to make smart watches. While Fossil has its own smart watches in the market, with Puma’s collaboration, features such as heart rate monitor and a step counter will be added to the new smart watch.
Lenovo has recently launched cardio fitness bands. HX03F Spectra and HX03 cardio will be available through flipcart. Heart rate sensors of these bands are water-resistant and come with OLED Monochrome and TFT-LCD color screens that show activity, time, date, heart rate and more.
Amazfit, a popular smart watch leader who is known for its introduction of the Bip Smartwatch, has recently launched a new Amazfit Stratos. Along with the heart rate monitor, the watch has in-built algorithm based on Firstbeat technology to measure athletes’ cardiorespiratory performance.
Key stakeholders in the heart rate monitor watch market include Apple, Sony, Garmin, Motorola, Asus, LG, Epson, Mio, Sigma, Samsung, Nike, Polar, Lenovo, and Fitbit.

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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