December 21, 2014

Wireless Health and Fitness Devices Market Report

ELECTRONICS.CA PUBLICATIONS announces the availability of a new report entitled “Wireless Health and Fitness Devices – Global Strategic Business Report“.  Global market for Wireless Health and Fitness Devices is projected to reach 259 million units by 2020, driven by rising incidence of chronic diseases, increasing focus on healthcare cost rationalization, rising awareness among patients over the importance of continuous monitoring of vital biological parameters for effective disease management, and the growing trend of do-it-yourself healthcare with smartphones.

The increasingly stressful and busy modern lifestyle is resulting in rising prevalence of lifestyle disorders such as obesity, blood pressure, diabetes and other chronic diseases such as chronic obstructive pulmonary disease, asthma, hyperlipidemia, diabetes, sleep apnea, ischemic diseases, hypertension, and cardiac arrhythmia. Rapid aging world population is additionally creating new challenges in healthcare management for the elderly. Escalating medical costs, increased number of hospital admissions, and longer hospitals stays for managing chronic diseases against a backdrop of healthcare cost rationalization by governments worldwide, is shifting the focus on disease prevention and remote monitoring. As hospitals search for viable solutions for reducing the burden on healthcare budgets, wireless healthcare is growing in popularity.

Advances in wireless technology that enable easy interaction between patients and clinicians through real-time audio as well as video, and transmission of data from a device to the EMR system of a physician, is helping drive demand for wireless health and fitness devices. Wireless technology in healthcare opens new possibilities for patient-involved healthcare by enabling safe and comfortable remote patient monitoring. The introduction of the Bluetooth Low Energy standard, marketed as Bluetooth Smart, is poised to take wireless communication to the next level. Improving on the performance of existing Bluetooth systems, the Bluetooth Low Energy standard, offers benefits such as energy efficiencies. Lower power consumption, wide range of connectivity options with desktop computers and the potential to eliminate congestion issues that plague other wireless systems, are factors expected to drive the technology’s use in wireless medical devices.

As stated by the new market research report on Wireless Health and Fitness Devices, the United States represents the largest market worldwide. In the United States and other developed countries, preventive care is mainly fuelling interest in wireless healthcare. The focus is currently on developing devices that target high-risk patient groups as well as the chronically diseased through remote monitoring equipment and wellness programs. Asia-Pacific is forecast to emerge as the fastest growing market over the analysis period. In developing Asian countries where access to quality medical care is limited, the cost-effective and widespread presence and availability of cellular networks enables healthcare providers to deliver remote consultation to patients.

Leveraging on M2M connectivity and various other short-range wireless protocols, Wireless Sports & Fitness Devices represents the largest market segment. Growth in the market is expected to be driven by technology developments that support improved performance and functionality, extensive marketing partnerships, and innovation induced expansion in applications to newer exercise patterns and sports such as soccer, hockey, and football, among others.

Major players covered in the report include Fitbit, Inc., FitLinxx, Inc., GE Healthcare Ltd., Garmin Ltd., Ideal Life Inc., Nike, Inc., Oregon Scientific Inc., Robert Bosch Healthcare Inc., Sensei Inc., and Zephyr Technology Corp. among others.

The Wireless Health and Fitness Devices Market Report provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections in volume (unit sales) for all major geographic markets such as the US, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, and Rest of World. The report also analyzes the global market for Wireless Health and Fitness Devices by product segments such as, Wireless Sports & Fitness Devices, Wireless Remote Health Monitoring Devices, and Wireless Professional Healthcare Devices.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site.  View the report: Wireless Health and Fitness Devices – Global Strategic Business Report“.

Comments are closed.