Wireless Health and Fitness Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Wireless Health and Fitness Device Trends and Forecast

The future of the global wireless health and fitness device market looks promising with opportunities in the hardware, software and services markets. The global wireless health and fitness device market is expected to grow with a CAGR of 13.0% from 2024 to 2030. The major drivers for this market are growing incidence of cardiovascular disease, rising awareness about the importance of maintaining a healthy lifestyle, and increasing proliferation of smartphones and mobile health applications.

A more than 150-page report is developed to help in your business decisions.

Wireless Health and Fitness Device by Segment

The study includes a forecast for the global wireless health and fitness device by type, component, application, and region.

Wireless Health and Fitness Device Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Wrist Strap Type Device
• Wearable Type Device
• Body Monitoring Device
• Sensor Enabled Equipment
• Accessories

Wireless Health and Fitness Device Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Wireless Health and Fitness Device Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Hospital
• Nursing Home
• Fitness Centers
• Sports Centers
• Rehabilitation Centers
• Corporate Wellness Programs

Wireless Health and Fitness Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Wireless Health and Fitness Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wireless health and fitness device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wireless health and fitness device companies profiled in this report include-

• Abbott Diabetes Care
• Adidas
• Alive Technologies
• Apple
• Asustek Computer
• Beurer
• Dexcom
• Entra Health Systems
• Fitbit
• Garmin

Wireless Health and Fitness Device Market Insights

Lucintel forecasts that wrist strap type device will remain the largest segment over the forecast period as it is easy to use and wear and it comes with a variety of features, such as step tracking, heart rate monitoring, and sleep tracking.

Within this market, hardware will remain the largest segment as it helps in collecting and tracking data.

APAC is expected to witness highest growth over the forecast period due to growing awareness among people towards health and increasing healthcare expenditure in the region.

Features of the Global Wireless Health and Fitness Device Market

Market Size Estimates: Wireless health and fitness device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Wireless health and fitness device market size by type, component, application, and region in terms of value ($B).

Regional Analysis: Wireless health and fitness device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, components, applications, and regions for the wireless health and fitness device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wireless health and fitness device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the wireless health and fitness device market size?

Answer: The global wireless health and fitness device market is expected to reach an estimated $xx billion by 2030.

Q.2 What is the growth forecast for wireless health and fitness device market?

Answer: The global wireless health and fitness device market is expected to grow with a CAGR of 13.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the wireless health and fitness device market?

Answer: The major drivers for this market are growing incidence of cardiovascular disease, rising awareness about the importance of maintaining a healthy lifestyle, and increasing proliferation of smartphones and mobile health applications.

Q4. What are the major segments for wireless health and fitness device market?

Answer: The future of the wireless health and fitness device looks promising with opportunities in the hardware, software and services markets.

Q5. Who are the key wireless health and fitness device companies?

Answer: Some of the key wireless health and fitness device companies are as follows:

• Abbott Diabetes Care
• Adidas
• Alive Technologies
• Apple
• Asustek Computer
• Beurer
• Dexcom
• Entra Health Systems
• Fitbit
• Garmin

Q6. Which wireless health and fitness device market segment will be the largest in future?

Answer: Lucintel forecasts that wrist strap type device will remain the largest segment over the forecast period as it is easy to use and wear and it comes with a variety of features, such as step tracking, heart rate monitoring, and sleep tracking.

Q7. In wireless health and fitness device market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing awareness among people towards health and increasing healthcare expenditure in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the wireless health and fitness device market by type (wrist strap type device, wearable type device, body monitoring device, sensor enabled equipment, and accessories), component (hardware, software, and services), application (hospital, nursing home, fitness centers, sports centers, rehabilitation centers, and corporate wellness programs), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?