Innovations in Communications Technology Create Huge Opportunities for Manufacturers of Wireless Health and Fitness Devices: Fact.MR | Panda Anku

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FACT.MR

Growing consumer awareness of fitness activity monitoring for good health and increasing investments in advances in wireless technologies are expected to fuel market growth

Seoul, South Korea, Aug. 15, 2022 (GLOBE NEWSWIRE) — Fact.MR, a provider of market research and competitive intelligence, has a complete analysis of the Wireless Health and Fitness Devices Marketwhich is expected to increase at a staggering CAGR of 12% from 2022 to 2026.

Health monitors are becoming more widely available in a variety of wearables, including bracelets, smartwatches, and cellphone integration. Additionally, as technology has advanced, the capabilities of these devices and applications have grown, improving their accuracy and making them comprehensive healthcare solutions. Fitness wearables are among the most widely used technological tools to keep track of many elements of users’ lifestyles and workout routines.

The market for wireless health and fitness devices is expected to grow due to increasing cloud computing, advances in wireless communication technology, widespread adoption of 4G and growing investments in 5G networks.

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The market is impacted by the widespread use of wireless devices in sports analysis and the rising popularity of smart medical devices in response to the desire to reduce medical monitoring errors. In addition, the market for wireless health and fitness devices is positively influenced by the rising standard of living, the increase in the risk of lifestyle diseases, the increasing health awareness of the population and changes in lifestyle.

Due to rising health awareness, focus on leading active lifestyles, alarming increases in obesity and related problems, and increasing health hazards of a sedentary lifestyle, the importance of maintaining good health and fitness has increased. The industry is expanding due to massive modernization and incredibly advanced and affordable wireless healthcare technologies.

Which product is expected to hold a dominant market share?

“Increasing Use of Sports and Fitness Equipment to Maintain Health and Safety”

Based on Product, Wireless Health & Fitness Devices market is segmented into Sports & Fitness, Remote Health Monitoring, and Professional Health Care. Sports and fitness equipment accounts for over 60% of the world market. To protect their health and safety, consumers are increasingly turning to wearable wireless sports, fitness and wellness devices.

Wireless fitness tracking devices assist users in collecting and evaluating data based on the user’s physical condition and performance, which has helped wearable fitness devices attract the attention of consumers and enthusiasts. As smart sports fitness trackers help users achieve their own goals, such as getting enough sleep and maintaining a healthy weight, consumers are increasingly adopting them.

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Key segments covered in the wireless health and fitness devices industry survey

  • By product:

    • Sports & fitness

    • Remote condition monitoring

    • Professional healthcare

  • After application:

  • By region :

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • Middle East & Africa

competitive landscape

Key companies are striving to provide cutting-edge, new products with advanced features and functions while expanding their global sales channels. To meet the growing demand, market players are focusing on research and development to create more effective products. Top manufacturers form strategic alliances to expand their product offerings and improve market dominance.

For example,

  • In 2021, for the next generation of athletes, Catapult announced the release of Catapult One, its revolutionary wearable performance product. Catapult One provides athletes and coaches with the resources they need to accurately track, evaluate, and improve performance at every level.

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Key players in the wireless health and fitness devices market

  • Withings S.A

  • Misfit Inc.

  • Nuubo

  • Omron Healthcare Co.,Ltd.

  • Alive Technologies Pty.Ltd.

  • apple inc

Key takeaways from wireless health and fitness devices market survey

  • The wireless health and fitness device market is currently valued at $370 million.

  • The market in Germany is expected to grow at a CAGR of 11.5% by 2026.

  • Sales of remote health monitoring devices are forecast to grow at CAGR 12.5% ​​from 2022 to 2026.

  • The market in Japan is expected to grow at a CAGR of 10% during the forecast period.

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