The Global Market for Wireless Health and Fitness Devices is Projected to Reach 285 Million Units by 2020

Popularity of Continuous Health Monitoring Drives Growth in the Global Wireless Health and Fitness Devices Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Wireless Health and Fitness Devices market. The global market for Wireless Health and Fitness Devices is projected to reach 285 million units by 2020, driven by the growing prominence of health informatics, trend towards self-care, development of technologies supporting remote care and implementation of preventive digital health programs. Also benefitting demand is the launch of advanced devices capable of real-time monitoring of a wide range of health parameters.

Over the past decade, the healthcare industry has seen extraordinary progress driven by the integration of advanced technologies including network technologies and information technology (IT). Wireless health, representing the integration of wireless technology with various aspects of consumer and clinical healthcare, is finding use in a range of care facilities including hospitals, physician offices, nursing homes and home care settings, where continuous patient monitoring and tracking hold huge significance. By providing access to patient information, in real time as well as in recorded mode, to healthcare professionals, wireless health devices assist in resolving a number of issues confronting care facilities specifically those related to error rates and personnel productivity. Rising healthcare needs of the world’s aging population, increasing incidence of lifestyle related diseases such as diabetes and obesity, and the growing need to provide better quality healthcare while reducing operating costs are driving growth in the market.

In the coming years, growing awareness over the health and fitness benefits offered by wireless devices and increased integration of healthcare practices with IT and Internet of things are expected to stimulate market growth. Increasing emphasis on patient safety and shortage of medical personnel are also driving focus on the adoption of wireless health technologies and devices. Against the backdrop of escalating healthcare costs, increasing workload burden on the healthcare sector and strong focus on developing advanced healthcare delivery models, adoption of wireless technologies continues to grow. Rapid penetration of smartphones and tablets and development of a wide range of mobile and fitness devices and apps are also stimulating market growth. Advancements in wireless technologies and the increasing availability of affordable wireless devices also provide significant growth opportunities in the market. Adoption is also being driven by the emergence of ultra-low power wireless technologies such as single mode Bluetooth 4.0 in addition to existing proprietary as well as proposed 802.15.6 BAN standards, and allocation of MBAN frequency in the US which are being integrated with social networking applications and mobile handsets.

As stated by the new market research report on Wireless Health and Fitness Devices, the United States represents the largest market worldwide. Rise in the number of overweight and obese individuals, aging population and rising incidence of illnesses such as diabetes are providing strong growth opportunities in the country. Future growth in the market will be driven by developing markets of Asia-Pacific and Latin America. Asia-Pacific is poised to grow at the fastest compounded annual rate of 39.4% over the analysis period. Increased access to Internet services, and robust penetration and use of smartphones and tablets are helping boost market prospects in the region. Wireless fitness devices, represents the dominant market segment driven by the continuous rise in adoption of consumer-driven sports, fitness and wellness devices. Increasing health risks associated with obesity, and growing awareness about maintaining weight in order to stay healthy is driving growth in this market.

Major players covered in the report include Abbott Laboratories, adidas AG, Alive Technologies Pty. Ltd., Beuer GmbH, Entra Health Systems LLC, Fitbit Inc., Fitbug Limited, FitLinxx Inc., Garmin Ltd., Humetrix, Ideal Life Inc., Intelesens Ltd., Isansys Lifecare Ltd., Jawbone, Koninklijke Philips N.V., Lumo BodyTech Inc., Medtronic Inc., Misfit Inc., Nike Inc., Nonin Medical Inc., Oregon Scientific Inc., Polar Electro Oy, Sensei LLC, Sotera Wireless Inc., Wahoo Fitness LLC, and Withings SA, among others.

The research report titled “Wireless Health and Fitness Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections in Thousand Units for all major geographic markets such as US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World. Segments analyzed include Wireless Sports & Fitness, Wireless Remote Health Monitoring, and Wireless Professional Healthcare Devices.

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