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Wireless Health and Fitness Device Trends and Forecast
The future of the global wireless health and fitness device market looks promising with opportunities in the hardware, software and services markets. The global wireless health and fitness device market is expected to grow with a CAGR of 13.0% from 2024 to 2030. The major drivers for this market are growing incidence of cardiovascular disease, rising awareness about the importance of maintaining a healthy lifestyle, and increasing proliferation of smartphones and mobile health applications.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Wireless Health and Fitness Device by Segment
The study includes a forecast for the global wireless health and fitness device by type, component, application, and region.
Wireless Health and Fitness Device Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Wrist Strap Type Device
• Wearable Type Device
• Body Monitoring Device
• Sensor Enabled Equipment
• Accessories
Wireless Health and Fitness Device Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services
Wireless Health and Fitness Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Hospital
• Nursing Home
• Fitness Centers
• Sports Centers
• Rehabilitation Centers
• Corporate Wellness Programs
Wireless Health and Fitness Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Wireless Health and Fitness Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wireless health and fitness device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wireless health and fitness device companies profiled in this report include-
• Abbott Diabetes Care
• Adidas
• Alive Technologies
• Apple
• Asustek Computer
• Beurer
• Dexcom
• Entra Health Systems
• Fitbit
• Garmin
Wireless Health and Fitness Device Market Insights
Lucintel forecasts that wrist strap type device will remain the largest segment over the forecast period as it is easy to use and wear and it comes with a variety of features, such as step tracking, heart rate monitoring, and sleep tracking.
Within this market, hardware will remain the largest segment as it helps in collecting and tracking data.
APAC is expected to witness highest growth over the forecast period due to growing awareness among people towards health and increasing healthcare expenditure in the region.
Features of the Global Wireless Health and Fitness Device Market
Market Size Estimates: Wireless health and fitness device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wireless health and fitness device market size by type, component, application, and region in terms of value ($B).
Regional Analysis: Wireless health and fitness device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, components, applications, and regions for the wireless health and fitness device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wireless health and fitness device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the wireless health and fitness device market size?
Answer: The global wireless health and fitness device market is expected to reach an estimated $xx billion by 2030.
Q.2 What is the growth forecast for wireless health and fitness device market?
Answer: The global wireless health and fitness device market is expected to grow with a CAGR of 13.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the wireless health and fitness device market?
Answer: The major drivers for this market are growing incidence of cardiovascular disease, rising awareness about the importance of maintaining a healthy lifestyle, and increasing proliferation of smartphones and mobile health applications.
Q4. What are the major segments for wireless health and fitness device market?
Answer: The future of the wireless health and fitness device looks promising with opportunities in the hardware, software and services markets.
Q5. Who are the key wireless health and fitness device companies?
Answer: Some of the key wireless health and fitness device companies are as follows:
• Abbott Diabetes Care
• Adidas
• Alive Technologies
• Apple
• Asustek Computer
• Beurer
• Dexcom
• Entra Health Systems
• Fitbit
• Garmin
Q6. Which wireless health and fitness device market segment will be the largest in future?
Answer: Lucintel forecasts that wrist strap type device will remain the largest segment over the forecast period as it is easy to use and wear and it comes with a variety of features, such as step tracking, heart rate monitoring, and sleep tracking.
Q7. In wireless health and fitness device market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing awareness among people towards health and increasing healthcare expenditure in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the wireless health and fitness device market by type (wrist strap type device, wearable type device, body monitoring device, sensor enabled equipment, and accessories), component (hardware, software, and services), application (hospital, nursing home, fitness centers, sports centers, rehabilitation centers, and corporate wellness programs), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to wireless health and fitness device market or related to wireless health and fitness device companies, wireless health and fitness device market size, wireless health and fitness device market share, wireless health and fitness device market growth, wireless health and fitness device market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Wireless Health and Fitness Device Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Wireless Health And Fitness Device Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Wireless Health and Fitness Device Market by Type
3.3.1: Wrist Strap Type Device
3.3.2: Wearable Type Device
3.3.3: Body Monitoring Device
3.3.4: Sensor Enabled Equipment
3.3.5: Accessories
3.4: Global Wireless Health and Fitness Device Market by Component
3.4.1: Hardware
3.4.2: Software
3.4.3: Services
3.5: Global Wireless Health and Fitness Device Market by Application
3.5.1: Hospital
3.5.2: Nursing Home
3.5.3: Fitness Centers
3.5.4: Sports Centers
3.5.5: Rehabilitation Centers
3.5.6: Corporate Wellness Programs
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Wireless Health and Fitness Device by Region
4.2: North American Wireless Health and Fitness Device Market
4.2.1: North American Wireless Health and Fitness Device Market by Type: Wrist Strap Type device, Wearable Type Device, Body Monitoring Device, Sensor Enabled Equipment, and Accessories
4.2.2: North American Wireless Health and Fitness Device Market by Component: Hardware, Software, and Services
4.3: European Wireless Health and Fitness Device
4.3.1: European Wireless Health and Fitness Device Market by Type: Wrist Strap Type device, Wearable Type Device, Body Monitoring Device, Sensor Enabled Equipment, and Accessories
4.3.2: European Wireless Health and Fitness Device Market by Component: Hardware, Software, and Services
4.4: APAC Wireless Health and Fitness Device
4.4.1: APAC Wireless Health and Fitness Device Market by Type: Wrist Strap Type device, Wearable Type Device, Body Monitoring Device, Sensor Enabled Equipment, and Accessories
4.4.2: APAC Wireless Health and Fitness Device Market by Component: Hardware, Software, and Services
4.5: ROW Wireless Health and Fitness Device
4.5.1: ROW Wireless Health and Fitness Device Market by Type: Wrist Strap Type device, Wearable Type Device, Body Monitoring Device, Sensor Enabled Equipment, and Accessories
4.5.2: ROW Wireless Health and Fitness Device Market by Component: Hardware, Software, and Services
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Wireless Health and Fitness Device Market by Type
6.1.2: Growth Opportunities for the Global Wireless Health and Fitness Device Market by Component
6.1.3: Growth Opportunities for the Global Wireless Health and Fitness Device Market by Application
6.1.4: Growth Opportunities for the Global Wireless Health and Fitness Device Market by Region
6.2: Emerging Trends in the Global Wireless Health and Fitness Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Wireless Health and Fitness Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Wireless Health and Fitness Device Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Abbott Diabetes Care
7.2: Adidas
7.3: Alive Technologies
7.4: Apple
7.5: ASUSTeK Computer
7.6: Beurer
7.7: Dexcom
7.8: Entra Health Systems
7.9: Fitbit
7.10: Garmin
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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