DUBLIN, October 14, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Heart Rate Monitoring Devices Market 2016-2020" report to their offering.
The report forecasts the global heart rate monitoring device market to grow at a CAGR of 13.12% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Earlier, the heart rate monitoring devices only used to provide data specific to the heart rate. But over the past few years, vendors are coming up with products that provide data such as tracking steps, floors climbed, distance covered, calories burned, and active minutes. Vendors have also rolled out products in the market that primarily act as a fitness device but also provide the basic functionalities of a smartwatch. One such example is Fitbit, which is known for its fitness devices rather than smartwatches. The company has launched Surge, a fitness device that comes with calling and texting functionalities, integrating smartwatch features in fitness devices. This trend is likely to gain momentum during the forecast period, which would diminish the gap between a wrist-worn fitness device and a smartwatch.
According to the report, rise in smartphone penetration will be a key driver for market growth. The rise in the use of smartphones has fueled the global heart rate monitoring device market. Diagnostic wearable devices produce a large amount of health data. However, the analysis of this raw data has been a challenge. Smartphones and related apps are required for better processing and analysis of health information. With innovative technologies, cloud computing, and machine learning, the use of smartphones with specific apps is going to drive every aspect of healthcare, including diagnostic wearable medical devices such as heart rate monitors.
Further, the report states that the design issues are associated with the ergonomics and wearability of the devices such as the physical shape of wearables, their relationship with the human anatomy in motion, and their acceptability in terms of fashion, comfort, and purpose
- Polar Electro
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Product segmentation
PART 07: Geographic segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information on this topic, check out the Pharmaceuticals and Healthcare section of the Research and Markets' blog.
For more information about this report visit http://www.researchandmarkets.com/research/pfgjpx/global_heart_rate
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SOURCE Research and Markets