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Enormous growth due to innovation in communication technology

SEOUL, South Korea, Aug. 15, 2022 (GLOBE NEWSWIRE) — Fact.MR, a market research and competitive intelligence provider, Wireless Health and Fitness Equipment Marketis expected to grow at a whopping CAGR of 12% from 2022 to 2026.

Health monitors are becoming more widely available in various wearables such as wristbands, smart watches, and mobile phone integration. Moreover, as technology has evolved, these devices and applications have become more capable, more accurate, and capable of becoming comprehensive healthcare solutions. Fitness wearables are one of the most widely used technology tools for tracking many aspects of a user’s lifestyle and exercise routine.

The wireless health and fitness device market is expected to expand due to the rise of cloud computing, advances in wireless communication technology, widespread adoption of 4G, and increased investment in 5G networks.

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The market is influenced by the widespread use of wireless devices for sports analytics and the growing popularity of smart medical devices in response to the desire to reduce medical monitoring errors. In addition, the wireless health and fitness equipment market is positively impacted by rising standards of living, increasing risk of lifestyle diseases, growing health awareness of the public, and changing lifestyles.

Increased health awareness, active lifestyle advocacy, alarming rise in obesity and related problems, and rising health risks of sedentary lifestyles have increased the importance of maintaining health and fitness. The industry is expanding as a result of extensive modernization and incredibly advanced and affordable wireless healthcare technology.

Which products are expected to hold dominant market share?

“Increased use of sports and fitness equipment to maintain health and safety”

Based on product, the wireless health and fitness devices market is segmented into sports and fitness, remote health monitoring, and professional healthcare. Sports & fitness equipment occupies more than 60% share of the global market. Consumers are increasingly choosing wearable wireless sports, fitness and wellness devices to stay healthy and safe.

Wireless fitness tracking devices help users collect and evaluate data based on their physical condition and performance, helping wearable fitness gadgets capture the attention of consumers and enthusiasts. Consumers are increasingly adopting smart sports fitness trackers to help users achieve their goals, such as getting enough sleep and maintaining a healthy weight.

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Major segments covered by wireless health and fitness devices industry research

  • By Product :
    • sports & fitness
    • remote health monitoring
    • professional health care
  • By application:
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • latin america
    • Middle East and Africa

competitive environment

Leading companies are striving to expand their global sales channels while offering cutting-edge new products with advanced features and capabilities. To meet the growing demand, market players are concentrating on research and development to produce more effective products. Top manufacturers are forming strategic alliances to broaden their product offerings and increase their market dominance.

for example,

  • In 2021, Catapult announced the release of Catapult One, a revolutionary wearable performance product for the next generation of athletes. Catapult One gives athletes and coaches the resources they need to accurately track, measure and enhance performance at every level.

Get Customized wireless health and fitness devices market Reports on specific research solutions

key player in wireless health and fitness devices market

  • Withings SA
  • Misfit Co., Ltd.
  • nouveau
  • Omron Healthcare Co., Ltd.
  • Alive Technologies Pty. Ltd.
  • Apple.

important point wireless health and fitness devices Market research

  • The wireless health and fitness equipment market currently accounts for a USD 370 million valuation.
  • The German market is projected to grow at a CAGR of 11.5% until 2026.
  • Sales of remote health monitoring devices are expected to grow at a CAGR of 12.5% ​​from 2022 to 2026.
  • The Japanese market is expected to grow at a CAGR of 10% during the forecast period.

Read the article on Fact.MR Health care domain-

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