Finland wearable heart rate monitor market is evaluated at US$7.057 million for the year 2019 and is projected to grow at a CAGR of 11.44% to reach a market size of US$15.059 million in 2026.
The rising prevalence of obesity in Finland has led to increased prevalence of various cardiovascular diseases in the country which has prompted the increased use of wearable heart rate monitors among the Finnish population and hence is anticipated to propel the growth of the wearable heart rate monitor market during the forecast period. Also, the rising geriatric population, coupled with the technological advancements in devices and urbanization, is anticipated to propel market growth in the coming years.
The recent outbreak of the novel coronavirus disease had a positive impact on the Finland wearable heart rate monitor market. The pandemic has made the population more health-conscious, a trend which is anticipated to continue in the future and is anticipated to boost up the growth of the wearable heart rate monitoring market in Finland.
The Finland wearable heart rate monitor market has been classified based on type, and end-user. By type, the market has been classified based on Chest Strap, Wrist Strap, and Strapless. By end-user, the market has been categorized into Hospitals, Ambulatory Care Center, and Homecare.
Rise of obesity leading to heart diseases.
One of the major factors anticipated to drive the wearable heart rate monitor market growth in Finland is the increasing prevalence of obesity among the Finnish population leading to various kinds of heart-related ailments, which is causing a rise in the demand for wearable heart rate monitor market owing to its ease of use. The WHO states that 20.4% of men and 19% of women in Finland were obese in 2012 and predicts that the prevalence of obesity will increase in the country in the future and 29% of men and 27% of women will be obese by 2030. The FinHealth 2017 study showed that around half of the population of Finland has abdominal obesity. Also, the working-age population is witnessing a rise in the prevalence of obesity in the country. According to an article by Expert Review of Cardiovascular Therapy published in the US National Library of Medicine, National Institutes of health in March 2019, obesity is associated with an increase in atrial fibrillation (AF) and is responsible for a 50%-increased incidence of AF, a disease which requires constant monitoring of heart rate. Hence, the rise of obesity in the country is leading to a rise in heart-related diseases such as atrial fibrillation in the country which is anticipated to propel the growth of the wearable heart rate monitor market in Finland during the forecast period.
The rising prevalence of obesity in Finland has led to increased prevalence of various cardiovascular diseases in the country which has prompted the increased use of wearable heart rate monitors among the Finnish population and hence is anticipated to propel the growth of the wearable heart rate monitor market during the forecast period. Also, the rising geriatric population, coupled with the technological advancements in devices and urbanization, is anticipated to propel market growth in the coming years.
The recent outbreak of the novel coronavirus disease had a positive impact on the Finland wearable heart rate monitor market. The pandemic has made the population more health-conscious, a trend which is anticipated to continue in the future and is anticipated to boost up the growth of the wearable heart rate monitoring market in Finland.
The Finland wearable heart rate monitor market has been classified based on type, and end-user. By type, the market has been classified based on Chest Strap, Wrist Strap, and Strapless. By end-user, the market has been categorized into Hospitals, Ambulatory Care Center, and Homecare.
Rise of obesity leading to heart diseases.
One of the major factors anticipated to drive the wearable heart rate monitor market growth in Finland is the increasing prevalence of obesity among the Finnish population leading to various kinds of heart-related ailments, which is causing a rise in the demand for wearable heart rate monitor market owing to its ease of use. The WHO states that 20.4% of men and 19% of women in Finland were obese in 2012 and predicts that the prevalence of obesity will increase in the country in the future and 29% of men and 27% of women will be obese by 2030. The FinHealth 2017 study showed that around half of the population of Finland has abdominal obesity. Also, the working-age population is witnessing a rise in the prevalence of obesity in the country. According to an article by Expert Review of Cardiovascular Therapy published in the US National Library of Medicine, National Institutes of health in March 2019, obesity is associated with an increase in atrial fibrillation (AF) and is responsible for a 50%-increased incidence of AF, a disease which requires constant monitoring of heart rate. Hence, the rise of obesity in the country is leading to a rise in heart-related diseases such as atrial fibrillation in the country which is anticipated to propel the growth of the wearable heart rate monitor market in Finland during the forecast period.
Market Segmentation
By Type
- Chest Strap
- Wrist Strap
- Strapless
By End-User
- Hospitals
- Ambulatory Care Center
- Homecare
By Cities
- Helsinki
- Espoo
- Tampere
- Others
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Finland Wearable Heart Rate Monitor Market Analysis, by Type
6. Finland Wearable Heart Rate Monitor Market Analysis, by End-User
7. Finland Wearable Heart Rate Monitor Market Analysis, by Cities
8. Competitive Environment and Analysis
9. Company Profiles
Companies Mentioned
- Polar Electro Oy
- PulseOn
- Suunto Oy
- Bittium Corporation
- Medtronic plc
Methodology
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