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Heart Rate Monitors Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Fitbit, Xiaomi, Apple, Samsung

02 Jan, 2020 | 115 Pages
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Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Heart Rate Monitors Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 13.1% during the review period (2022 to 2027).



Heart Rate Monitors Market Overview



Heart rate monitors are mainly used for the constant use of counting heartbeats and hence the overall heart health. Presently, we are observing a continuously growing number as far as issues related to heart and cardiac disorders are concerned. The heart rate monitor market is growing extensively owing to the increasing choice of using wearable fitness devices in the last couple of years. Diagnostic wearable devices which are used for controlling, tracking, and monitoring an individual’s vital signs regularly have gathered the momentum in last few years.



The major contributors behind the rising market size of the heart rate monitor market are the increasing popularity of wearable diagnostic devices and ever-growing concerns relating to health. In addition, people suffering from diabetes and cardiac disorders are fueling the heart rate monitor market. Furthermore, an ever-increasing awareness across the world regarding how to control cardiovascular diseases is likely to increase the demand for these monitors. Diabetics and obesity have fueled the risk of heart diseases. However, the costly nature of these wearable bands and heart rate monitors is likely to hinder to growth of the market.



Who are the Major Players in Heart Rate Monitors Market?



Top Key Players in the Heart Rate Monitors Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Heart Rate Monitors Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Fitbit, Xiaomi Corporation (HKSE:1810.HK), Apple Inc. (NasdaqGS:AAPL), Samsung, Garmin Ltd. (NYSE :GRMN), Suunto, Polar, Timex, EKHO, Mio Global, Scosche, Omron Corporation (Other OTC:OMRNY), Jarv, Wahoo and others



Industry News



2021 Noise Fit Core Smartwatch with Heart Rate Monitor and IP68 Water Resistance Introduced in India- On Monday, September 6, the popular wearables brand Noise launched the NoiseFit Core, its newest smartwatch. The slim smartwatch has a heart rate monitor and 13 sports modes. It has a battery life of up to 7 days in use and a standby time of up to 30 days. The NoiseFit Core has an IP68 rating for dust and water resistance. According to the company, its latest wearable is aimed at fitness enthusiasts.



2020 Redmi Smart Band is now available in India, featuring continuous heart rate monitoring, 5ATM water resistance, and 14-day battery life. On Tuesday, Xiaomi Redmi launched its first "smart" fitness band in India, and it, like any other Redmi product, was surprised with its extensive feature set and low price. The fitness band, simply known as the Redmi Smart Band, features a color display, continuous heart rate monitoring with idle alert, 5ATM water resistance, app notifications, and up to 14-day battery life.



2021 Amazfit Power Buds Pro with Adaptive ANC and Heart Rate Monitoring for Exercise China-based launch- On Tuesday, Amazfit Powerbuds Pro true wireless stereo (TWS) earphones were released in China. They include sensors for adaptive active noise cancellation (ANC) and health monitoring. With ANC turned off, the Amazfit Powerbuds Pro earphones can last up to 9 hours on a single charge, and the charging case provides an additional 21 hours. The Amazfit TWS earphones were released globally in July and have an IP55 dust and water resistance rating. The earphones also have sports and fitness features like sports data tracking, real-time sports notifications, and more.




What are the major Applications, Types, and Regions for Heart Rate Monitors Market?



Heart Rate Monitors Market is segmented based on the type, applications, companies, and regions.



By Type




  • Chest Heart Rate Monitors

  • Wrist Heart Rate Monitors



By the end user’s 




  • Fat Burn

  • Cardio

  • Peak



By Method




  • Invasive 

  • Non-Invasive 



By Portability




  • Portable

  • Non-Portability



By Application




  • Intrapartum Fetal Monitoring

  • Antepartum Fetal Monitoring



Heart Rate Monitors Market Regional Analysis:



The rising demand for the heart rate monitor market due to advanced technology in medical devices and the presence of a patient pool in the Asia Pacific region is driving the growth of the global heart rate monitor market. The Middle East & Africa holds the minimum shares in the global heart rate monitor market due to low penetration technology in developing countries and regions mainly in the African region.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Heart Rate Monitors Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Heart Rate Monitors Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Heart Rate Monitors Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 13.1% during the review period (2022 to 2027).



By Type



By Types




  • Chest Heart Rate Monitors

  • Wrist Heart Rate Monitors



By the end user’s 




  • Fat Burn

  • Cardio

  • Peak



By Method




  • Invasive 

  • Non-Invasive 



By Portability




  • Portable

  • Non-Portability



By Application




  • Intrapartum Fetal Monitoring

  • Antepartum Fetal Monitoring



By Companies



Fitbit, Xiaomi Corporation (HKSE:1810.HK), Apple Inc. (NasdaqGS:AAPL), Samsung, Garmin Ltd. (NYSE :GRMN), Suunto, Polar, Timex, EKHO, Mio Global, Scosche, Omron Corporation (Other OTC:OMRNY), Jarv, Wahoo and others



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



115



Customization Available



Yes, the report can be customized as per your needs




Key Takeaways from this Heart Rate Monitors Report




  • Evaluate Heart Rate Monitors market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Heart Rate Monitors market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the study period of this market?



The Influenza Diagnostics Market is studied from 2017 - 2027.



What is the growth rate of Influenza Diagnostics Market?



The Influenza Diagnostics Market is growing at a CAGR of 13.1% over the next 5 years.



Who are the leading key players in Influenza Diagnostics Market?



Fitbit, Xiaomi Corporation (HKSE:1810.HK), Apple Inc. (NasdaqGS:AAPL), Samsung, Garmin Ltd. (NYSE :GRMN), Suunto, Polar, Timex, EKHO, Mio Global, Scosche, Omron Corporation (Other OTC:OMRNY), Jarv, Wahoo and others



What regions regions does this Influenza Diagnostics Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Influenza Diagnostics Market?



By Type- Chest Heart Rate Monitors, Wrist Heart Rate Monitors, By the end user’s- Fat Burn, Cardio, Peak, By Method- Invasive, Non-Invasive, By Portability, Portable, Non-Portability



What are the significant Applications of Influenza Diagnostics Market?



Intrapartum Fetal Monitoring, Antepartum Fetal Monitoring



All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL HEART RATE MONITORS MARKET BY TYPES

    3. GLOBAL HEART RATE MONITORS MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR HEART RATE MONITORS



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. HEART RATE MONITORS GROWTH

      2. APPLICATION OF HEART RATE MONITORS



    4. IMPACT OF COVID 19



  5. GLOBAL HEART RATE MONITORS MARKET, BY TYPES

    1. INTRODUCTION

    2. CHEST HEART RATE MONITORS

    3. WRIST HEART RATE MONITORS

    4.  OTHERS



  6. GLOBAL HEART RATE MONITORS MARKET, BY METHOD

    1. INVASIVE 

    2. NON-INVASIVE 



  7. GLOBAL HEART RATE MONITORS MARKET, BY PORTABILITY

    1. PORTABLE

    2. NON-PORTABILITY



  8. GLOBAL HEART RATE MONITORS MARKET, BY END USERS

    1. FAT BURN

    2. CARDIO

    3. PEAK



  9. GLOBAL HEART RATE MONITORS MARKET, BY APPLICATION

    1. INTRODUCTION

    2. INTRAPARTUM FETAL MONITORING

    3. ANTEPARTUM FETAL MONITORING

    4. OTHERS



  10. GLOBAL HEART RATE MONITORS MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  11. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  12. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. FITBIT

      2. XIAOMI

      3. APPLE

      4. SAMSUNG

      5. GARMIN

      6. SUUNTO

      7. POLAR

      8. TIMEX

      9. EKHO

      10. MIO GLOBAL

      11. SCOSCHE

      12. OMRON

      13. JARV

      14. WAHOO







 

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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