January 27, 2021
According to the market intelligence report titled ‘Global Exercise and Health Monitors Market Size study, by Type (Base Bluetooth, Base Wi-Fi, Others) by Application (General Use, Medical Use, For Senior, For Child, Other) and Regional Forecasts 2020-2027’, available with Market Study Report, global exercise and health monitors market is anticipated to attain substantial expansion during 2020-2027.
Factors such as growing health awareness among consumers, adoption of active lifestyle, and rising prevalence of obesity and other chronic diseases are positively swaying the global exercise and health monitors market dynamics.
For the record, exercise and health monitors are devices which are integrated with various sensors that measure parameters such as calories burned, steps, and heartbeat rate among others. These devices monitor and measure overall health statistics to assist the user in effectively designing exercise regimes.
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Shift from sedentary lifestyle to more active regime across the globe, large-scale modernization, rising disposable incomes, and innovative product launches by industry partakers are further propelling the industry expansion.
Escalating establishment of gyms and fitness clubs, availability of training equipment as well as personal coaches, and introduction of affordable and advanced wireless healthcare technologies are stimulating the global exercise and health monitors market outlook.
Based on type, the overall business sphere is split into base Wi-Fi, base Bluetooth, and others. With regards to application spectrum, the industry is categorized into for child, for senior, medical use, and general use.
As per the regional analysis of the research report, the market is fragmented into Europe, Latin America, Asia-Pacific, North America, and rest of the world. Among these, North America accounts for a majority of the global exercise and health monitors industry share at present, on account of growing health awareness along with increasing penetration of advanced monitoring devices in the region.
Alternatively, Asia-Pacific market is predicted to grow at the highest compound annual growth rate over 2020-2027, owing to booming population, rising prevalence of obesity, and increasing disposable income.
Well-established players that influence the global exercise and health monitors industry trends are Polar Electro Oy, Oracle Corporation, Sony Corporation, Garmin International Inc., Google LLC, Samsung Group, Huawei Technologies Corporation Ltd., Microsoft Corporation, IBM Corporation, and Apple Inc. among others.