Wireless Health and Fitness Devices - Global Market Trajectory & Analytics

Global Wireless Health and Fitness Devices Market to Reach 624.2 Million Units by 2027

Amid the COVID-19 crisis, the global market for Wireless Health and Fitness Devices estimated at 280 Million Units in the year 2020, is projected to reach a revised size of 624.2 Million Units by 2027, growing at a CAGR of 12.1% over the period 2020-2027. Sports & Fitness, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach 361.4 Million Units by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Remote Health Monitoring segment is readjusted to a revised 12.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at 117.5 Million Units, While China is Forecast to Grow at 14.5% CAGR

The Wireless Health and Fitness Devices market in the U.S. is estimated at 117.5 Million Units in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of 66.3 Million Units by the year 2027 trailing a CAGR of 14.5% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.8% and 11.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 53.7 Million Units by the year 2027.

Professional Healthcare Segment to Record 15.9% CAGR

In the global Professional Healthcare segment, USA, Canada, Japan, China and Europe will drive the 15.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of 23.6 Million Units in the year 2020 will reach a projected size of 65.4 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 16.5% CAGR through the analysis period.

Select Competitors (Total 118 Featured)

• Abbott Diabetes Care, Inc.
• adidas AG
• Alive Technologies Pty. Ltd.
• Apple, Inc.
• ASUSTeK Computer, Inc.
• Beurer GmbH
• Dexcom, Inc.
• Entra Health Systems LLC
• Fitbit, Inc.
• Garmin Ltd.
• GE Healthcare
• Google Inc.
• iHealth Labs, Inc.
• Intelesens Ltd.
• Isansys Lifecare Ltd.
• Motorola Mobility LLC
• LG Electronics Inc.
• Medtronic plc
• Misfit, Inc.
• NeuroSky, Inc.
• Nike, Inc.
• Nonin Medical, Inc.
• Nokia Corporation
• Withings SA
• NUUBO Smart Solutions Technologies, SL
• Omron Healthcare Co., Ltd.
• Oregon Scientific, Inc.
• Philips Healthcare
• Polar Electro Oy
• Samsung Electronics Co., Ltd.
• Sony Corporation
• Suunto Oy
• Under Armour, Inc.
• Vital Connect, Inc.
• Winmedical Srl
• Xiaomi Inc.

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