Press release
Wireless Health and Fitness Devices Market is Expected to Reach at US$ 580 million by 2026
The global wireless health and fitness devices market currently accounts for a valuation of US$ 370 million and is expected to reach US$ 580 million by the end of 2026. Worldwide demand for wireless health and fitness devices is predicted to increase at a high-value CAGR of 12% from 2022 to 2026.Sales of sports & fitness devices are projected to rise at a CAGR of 11% over the next four years. Growing awareness among professional athletes about regular fitness tracking is driving demand for wireless activity tracker devices across regions.
Read Report Overview: https://www.factmr.com/report/wireless-health-and-fitness-devices-market
According to Fact.MR, a market research and competitive intelligence provider, sales of wireless health and fitness devices are projected to increase at a CAGR of 12% from 2022 to 2026. Key companies are attempting to increase their market share by developing new platforms, enhancing current solutions and software platforms, and forming strategic agreements with other market participants.
Some of the leading producers of Wireless Health and Fitness Devices include:
• Withings SA
• Misfit Inc.
• Nuubo
• Omron Healthcare Co., Ltd.
• Alive Technologies Pty. Ltd.
• Apple Inc.
• ASUSTeK Computer Inc.
• Beurer GmbH
• Fitbit Inc.
• Garmin Ltd.
• GE Healthcare
Wireless Health and Fitness Devices Industry Research Segments
• By Product :
o Sports & Fitness
o Remote Health Monitoring
o Professional Healthcare
• By Application :
o Monitoring
o Diagnosis
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Due to the growing popularity of tracking devices among the younger generation, the highest percentage of smartphone users, and greater internet penetration, the market in China is anticipated to experience strong growth.
The massive obese population in China and rising medical care consumption are the factors driving the growth of the wireless health and fitness gadget market. The main drivers of the market in China are an increase in cardiovascular illnesses, a large increase in obesity-related awareness, and an increase in healthcare spending.
In a recent study on the Wireless Health and Fitness Devices market, the economic impact of COVID-19 is assessed along with current opportunities, potential future revenue streams, and current and anticipated valuations of key market sectors. The assessments, which take up many pages, include a list of the important trends that are raising revenues, key growth drivers, and prospective opportunities.
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Regions covered in report:
• North America (U.S. and Canada)
• Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe)
• Asia Pacific (China, Japan, India, Indonesia, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa
Drivers and Risks Analysis:
The global Wireless Health and Fitness Devices market is characterized by several leading factors, with each factor playing a crucial role in the growth of the industry. The growing demand for products coupled with easy availability of the same has helped the industry flourish across the globe
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