Global Exercise and Health Monitors Market is valued approximately at USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027. The exercise and health monitors are devices integrated with numerous sensors such as heartbeat rate, step counters, calories burned and more. These devices measure and monitor the overall health statistics of the body enabling the wearer to design an exercise regime according to the fitness. The extensive growth in health awareness and the need for an active lifestyle drives the market growth for exercise and health monitors. Further, alarming rise in obesity and obesity related problems coupled with risks incorporated due to sedentary lifestyle have directed the attention towards exercise monitors to maintain a daily check on Health and Exercise. Moreover, Large-scale modernization, increasing expenditure capacity in developing countries, opening of fitness clubs and gyms and easy availability of training equipment available, personal coaches, and cost-effective and highly-advanced wireless healthcare technologies have fueled the growth of the market significantly. For Instance: in 2019, Apple launched its Watch series 5 with advanced functionalities such as heart monitoring. While Fitbit in 2020 launched its Charge 4 model of the activity tracker and also in 2019 Omron company launched a wearable blood pressure smart watch named Heartguide. These product launches increase product portfolio and also project the escalating demand for these monitoring systems fueling the market growth. However, high cost impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Exercise and Health Monitors market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing penetration of advanced monitoring devices and increasing health awareness in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising population and increasing obesity would create lucrative growth prospects for the Exercise and Health Monitors market across Asia-Pacific region.
Major market player included in this report are:
Huawei Technologies Corporation Ltd
Garmin International Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Exercise and Health Monitors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers