Global Wireless Health and Fitness Devices Market is expected to grow at a CAGR of 12.5% during forecasted period 2017-2023.
Wireless health is the incorporation of the wireless technology into medical field in order to diagnose, monitor and treatment of the diseases. They are also been used for improving personal health. Today, people are using various kinds of networking devices in order to learn more about their health. Rapid technical advancement in motion sensors has improved the results of wireless and wearable devices. Wireless health and fitness devices market is driven mainly due to increasing prevalence of different lifestyle diseases such as diabetes which requires continuous monitoring and has increased the use of wireless devices in sports analytics. According to WHO, in 2014 more than 8.5% of global population is suffering from diabetes Increasing standard or living, advancement in technology, increasing risk associated lifestyle diseases and increasing health awareness among the people are also responsible for driving the market. Whereas poor reimbursement policy and high cost of devices has restrained the growth of the market.
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Key Players for Global Wireless Health and Fitness Devices Market:
Fitbit (US), Abbott Laboratories (US), Beuer GmbH (Germany), GE Healthcare (UK), 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), Nike, Inc. (US), Apple Inc (US), Texas Instruments (US), ON Semiconductor Corporation (US), Intelesens Ltd (UK), Freescale Semiconductor Inc. (US), Garmin Ltd (Switzerland)
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.
Globally, America command the largest market for wireless health and fitness devices. Increasing prevalence of diabetes and other chronic diseases, increasing awareness about health education has driven the market of America. Europe is the second largest market for wireless health and fitness devices which is followed by Asia Pacific. Asia pacific market is expected to be the fastest growing market for wireless health and fitness devices market. Increasing healthcare expenditure and huge obese population in Asia Pacific is the major contributing factor for the growth of the market. Whereas Middle East and Africa has the least market as majority of the nation in this region has poor economy and has a limited development in the healthcare sector.
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TABLE OF CONTENTS:
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power of Suppliers
4.3 Bargaining Power of Buyers
4.4 Threat of New Entrants
4.5 Threat of Substitutes
4.6 Intensity of Rivalry
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