Global Heart Rate Monitors Market to Attain US$ 16.2 Bn by the End of 2025


 Published Date : 04 Feb 20   |   Views: 121   |  Industry : Consumer Goods

Rising concerns regarding health have led to largescale adoption of medical devices, which provide assistance in monitoring health. The global Heart Rate Monitor market is expected to witness a positive phase of growth over the next few years according to a recently published report by QYR Consulting. The report is titled, “Heart Rate Monitors Market Report Company Analysis, History Future Overview, Global Sales Trends by 2025,” which provides accurate growth forecasts and offers an overview of emerging trends of the market. The global Heart Rate Monitor market is projected to attain US$ 16.2 Bn by the end of 2025 from a previous value of US$ 11.3 Bn in 2018, exhibiting a moderated CAGR of 4.7% over the forecasted period i.e. from 2019 to 2025.

Segmental Analysis

Ease of Usage and Convenience to Foster the Growth of the Wrist Heart Rate Monitors Segment.

Based on product the market is segmented into Wrist Heart Rate Monitors and Chest Heart Rate Monitors. Athletes, fitness trainers, and heart patients increasingly prefer Wrist Heart Rate Monitors due to its ease of usage and convenience, which is likely to influence the growth of the Wrist Heart Rate Monitors segment. The Wrist Heart Rate Monitors are lightweight and provide accurate readings of breathing, heart rate, and temperature while assisting in health monitoring activities. The application segment of the market is divided into Peak, Cardio, and Fat Burn. 

North America

Regional Analysis

North America is Expected to Offer Lucrative Growth Opportunities

The presence of major medical device manufacturers in North America has resulted in the region becoming the largest exporter of the Heart Rate Monitoring devices. Rising cases of heart conditions particularly Atrial Fibrillation in the U.S. along with increasing geriatric population is likely to foster the growth of the market. The demand for Heart Rate Monitoring devices in China is expected to grow due to increasing awareness regarding health. The region is expected to grab a significant share of the market after the U.S. followed by the Asia-Pacific region due to increasing healthcare spending and favorable government policies promoting healthcare.

Key Players

Market Players Keen to Integrate Technology for Developing Health Monitoring Devices

Some of the major key players of the market are Xiaomi, Fitbit, Samsung, Apple, Garmin, Polar, Suunto, EKHO, Timex, Scosche, Mio Global, Waho, Jarv, and Omron. Major players of the market are developing devices by integrating advanced technologies to offer innovative solutions.

Global CAGR During 2020-2026


Market Dynamics

Development of Novel Medical Devices for Monitoring Heart to Boost Adoption of Heart Rate Monitors

Rising awareness regarding cardiovascular conditions, obesity, diabetes, and cholesterol has resulted in the development of novel medical devices. Increasing consciousness regarding fitness and destructive habits such as poor, diet, alcohol addiction, and a sedentary lifestyle is contributing to the growth of the market. Sports athletes and fitness trainers also require heart rate monitoring devices to help boost stamina and performance, which is expected to fuel the growth of the market. 

Report URL – https://www.qyrconsulting.com/reports/heart-rate-monitors-market

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