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WIRELESS HEALTH AND FITNESS DEVICES MARKET ANALYSIS:: LEADING PLAYERS ENTRA HEALTH SYSTEMS; TEXAS INSTRUMENTS INCORPORATED; NIKE, INC.; ALIVE TECHNOLOGIES
Wireless Health and Fitness Devices Market
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Few of the major competitors currently working in the global wireless health and fitness devices market are adidas AG; Omron Healthcare, Inc.; IDEAL LIFE INC.; ASUSTeK Computer Inc.; Google; BioTelemetry, Inc.; Abbott; Koninklijke Philips N.V.; Misfit; Analog Devices, Inc.; Intelesens Ltd; Fitbit, Inc.; Entra Health Systems; Texas Instruments Incorporated; Nike, Inc.; Alive Technologies; ON Semiconductor; Renesas Electronics Corporation; Garmin Ltd.; Maxim Integrated; Apple Inc.; Beurer GmbH; Xiaomi; Isansys Ltd.; VitalConnect and FitLinxx, Inc., Others.
Market Definition:
Wireless health and fitness devices are specially designed medical devices that continually monitor and report the health of the wearer to a remote storage device or display the vital signs to the wearer. These devices are interconnected with various sensors, storage infrastructures, which are used to diagnose, monitor and treat the health of the wearer.
Market Drivers
Rise in awareness regarding the health of the individuals and benefits associated with continuous monitoring of their health is a factor positively affecting the growth of the market
Increasing prevalence of adoption of smart healthcare devices amid need for reduction of healthcare monitoring errors; this factor is expected to positively affect the growth of the market
Rising prevalence of chronic diseases globally resulting in requirement of monitoring of health in patients; this factor is expected to drive the growth of the market
Market Restraints
Lack in the presence of reimbursement policies regarding the implementation and adoption of these devices is expected to act as a restraint to the growth of the market
Large costs associated with the devices are expected to restrain the growth of the market
Segmentation: Global Wireless Health and Fitness Devices Market
By Type
Mobile
Watch
USB
Bluetooth
Sensors
Others
By Product
Sports & Fitness Devices
Smart Watch
Smart Clothing
Fitness Bands
Headbands
Others
Remote Health Monitoring Devices
Glucometers
Pulse Oximeters
Others
Professional Healthcare Devices
By Application
Monitoring
Diagnosis
By End-Users
Hospitals
Sports & Fitness Institutes
By Geography
North America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia-Pacific
Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa
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Key Developments in the Market:
In July 2017, BioTelemetry, Inc. announced that they had completed the acquisition of LifeWatch AG. This acquisition will establish BioTelemetry, Inc. as a market leader for remote and diagnostic cardiac monitoring services and products. They are planning to expand their capabilities in expanding into various different healthcare segments with this acquisition.
In January 2017, Fitbit, Inc. announced the acquisition of Vector Watch. The company based out of Romania, Europe will help in the development of new products with enhanced technological implementation. Although, the deal only includes the software assets and not the hardware, Fitbit has announced that they will fulfil the warranty requirement and repairing of existing customers of Vector Watch.
Competitive Analysis: Global Wireless Health and Fitness Devices Market
Global wireless health and fitness devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wireless health and fitness devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global wireless health and fitness devices market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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