What's driving Heart Beat Monitor and Sensor Market Growth? Top Players: Polar Global; Garmin Ltd.; 4iiii Innovations

Heart Beat Monitor and Sensor: Introduction

Patients with heart related conditions require a personal Heart Beat Monitor and Sensor that allows them to measure their real time heart rate and record it for future analysis. However, such Heart Beat Monitor and Sensors are more commonly used by fitness experts and fitness performers. Today, Heart Beat Monitor and Sensors are integrated into smart watches and other pulse-sensing accessories.

Conventional models of Heart Beat Monitor and Sensor usually have usually have two components – a transmitter worn as a chest strap and a receiver. Water or other liquid with similar tendencies is required to procure a good conduction. Such Heart Beat Monitor and Sensors detect the pulse and transmit a signal. These signals are received by the receiver component of the Heart Beat Monitor and Sensor, which uses the signals to deduce the heart rate. The signal transmitted by the transmitter can be a radio pulse or a uniquely coded signal (via Bluetooth, or other wireless sensor network) that eliminates cross-talk interference.

Heart Beat Monitor and Sensor: Key Market Players

Some prominent players in the global Heart Beat Monitor and Sensor market include, Polar Global; Garmin Ltd.; 4iiii Innovations; LifeTrak Inc.; Wahoo Fitness; Medtronic (Zephyr); Cardiosport; and Suunto, among others.

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Recent Heart Beat Monitor and Sensors utilize optics in order to measure the heart rate. Such Heart Beat Monitor and Sensors measure the blood flow changes by beaming an LED through the skin and deducing how the LED’s light scatters off of the blood vessels. This Heart Beat Monitor and Sensor technology can also measure the oxygen saturation in blood (SpO2), in addition to the heart rate measurement. A microprocessor is integrated into the Heart Beat Monitor and Sensor that simultaneously measures the heart rate, SpO2, and other blood flow related parameters. Such Heart Beat Monitor and Sensors may include gyroscopes, accelerometers and GPS that enable them to sense the user’s distance, speed and location. This factor eliminates the requirement of ankle or wrist worn devices.

Heart Beat Monitor and Sensor: Market Drivers

Incorporating Heart Beat Monitor and Sensors for patients with chronic heart conditions can greatly enhance the patients’ quality of life. Heart Beat Monitor and Sensors allow patients to prevent unforeseen health complications, minimize the overall healthcare costs, and maintain independence. By incorporating such Heart Beat Monitor and Sensors, patients can avoid last minute clinic visits and doctor appointments. Such factors are expected to maintain the growth of the global Heart Beat Monitor and Sensor market. Heart Beat Monitor and Sensors also offer physiological parameters based trend analysis, which in turn enables the early detection of health deterioration. The increasing public interest for health and fitness will also boost the growth of the global Heart Beat Monitor and Sensor market. Macro-economic factors, such as the growth of global wearable device market, will have a positive impact on the growth of the global Heart Beat Monitor and Sensor market.

Heart Beat Monitor and Sensor: Market Segmentation

On the basis of monitoring type, the global Heart Beat Monitor and Sensor market can be segmented into the following:

Vital Sign Monitoring

Diagnostic Monitoring

Specialized Monitoring

Currently, vital sign monitoring type of Heart Beat Monitor and Sensors holds the largest market share of the global Heart Beat Monitor and Sensor market. However, specialized monitoring type of Heart Beat Monitor and Sensors are expected to register the highest growth rate in the global Heart Beat Monitor and Sensor market.

On the basis of application, the global Heart Beat Monitor and Sensor market can be segmented into the following:

Self-care

Tele-health

Medical

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Heart Beat Monitor and Sensor: Regional Market Outlook

Among all the regions, North America holds the largest market share of the global Heart Beat Monitor and Sensor market and is anticipated to maintain a steady growth rate over the forecast period. The growth of Heart Beat Monitor and Sensor market in North America is attributed to the ever-rising trend of automation in the healthcare sector. The adoption of IoT technologies in the healthcare industry drives the Heart Beat Monitor and Sensor market. The rise in disposable income in the residential sector also plays a major role in driving the growth of the global Heart Beat Monitor and Sensor market. SEA and other APAC economies are expected to register a significant growth rate in the Heart Beat Monitor and Sensor market. Western and Eastern European countries are also expected to generate a steady growth rate during the forecast period.

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