Wireless Health And Fitness Devices Market To Grow At A CAGR of 12.5% during 2017-2023

Pune, India, July 20, 2017 /MRFR Press Release/- Market Research Future published a half-cooked research report on global wireless health and fitness devices market

Market Highlights

Wireless health involves the incorporation of the wireless technology in medical field. Continuous development in the field of the wireless and sensor technology has provided a path for development of the market. According to WHO, in 2014 globally 39% of adults aged 18 years and over are obese or overweight. The major driving factor for the growth of the market are increasing prevalence of chronic and lifestyle diseases and increasing awareness about health education. New devices has provided many new features like heart rate monitoring and calories burn during exercise are the key features for attracting the people. Whereas high cost of devices and poor reimbursement policy has restrain the growth of the market. Global wireless health and fitness devices market is growing at a CAGR of 12.5 during forecasted period.

Report Details @ https://www.marketresearchfuture.com/reports/wireless-health-fitness-devices-market-1347

Segmentation:

Global wireless health and fitness devices market is segmented on the basis of type into mobile, watch, USB, bluetooth, sensors and others. On the basis of product the market is segmented into wireless sports & fitness devices, wireless remote health monitoring devices, wireless professional healthcare devices. Wireless sports & fitness devices fitness bands, smart watch, smart clothing, headbands and others. Wireless remote health monitoring devices is further segmented into glucometers, pulse oximeters and others. On the basis of application the market is segmented into monitoring and diagnosis and on the basis of end user the market is segmented into hospitals, sports and fitness institute and others.

Figure 1- Global wireless health and fitness devices market, by end users

Sources- Annual reports, White paper, Company Presentation

Competitive Analysis

Sources- Annual reports, White paper, Company Presentation

The major key player for the global wireless health and fitness devices market are Fitbit (US), Nike, Inc. (US), Apple Inc (US), GE Healthcare (UK), Jawbone (US). Other player for the market are Abbott Laboratories (US), Beuer GmbH (Germany), Maxim Integrated (US), Entra Health Systems LLC (US), Adidas AG (Germany), Ideal Life, Inc. (Canada), Analog Devices (US), Renesas Electronics Corporation (Japan), Philips Healthcare (Netherland), Omron Healthcare (Japan), Medtronic, Inc. (US), Texas Instruments (US), ON Semiconductor Corporation (US), Intelesens Ltd (UK), Beuer GmbH (Germany), Freescale Semiconductor Inc. (US), Garmin Ltd (Switzerland)

Global wireless health and fitness devices market is competitive in nature and top 5-6 company shares more than 80% of the market share. Companies are focusing on the new product developments which will be cost effective. Some major has adopted strategies of acquisitions and strategic alliances for the growth of the market.

GE Healthcare is an American multinational company headquartered in UK. In 2016 GE healthcare has acquired Monica Healthcare which is a UK based company. Monica's Novii Patch System of is a wireless, single-use maternal and fetal heart rate monitor is the most successful devices of the company. This acquisition has expand GE's digital product offering and has help in improving the market.

Fitbit is an US headquartered company which are involved in manufacturing of trackers, wireless-enabled wearable technology devices. Company is focusing more on the manufacturing of the wearable devices. Company has reduce the cost of the devices since 2015. In 2015 company has sold 21 million units worldwide and had revenues of around $ 2 billion. Adoption of the wearable devices by the people has help to grow the market of this company at annual growth rate of 25% over the next five years. This has made the company as a top player for the market.

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