Heart Rate Monitor Watch Market to Surpass US$ 36.6 Billion by 2032 Amid Rising Incidence of Cardiovascular Disease – BioSpace

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Published: Jul 18, 2022
Heart Rate Monitor Watch Manufacturers to Capitalize on Growing Demand for Smart and Fitness Devices
In its latest study, Fact.MR provides a detailed analysis of the global heart rate monitor watch market to help readers gain a 360-degree view of the market for the forecast period of 2022 to 2032. Besides, the study highlights factors shaping the future growth prospects of heart rate monitor watch market through segmentation, including operating system, application, display type, and region.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global heart rate monitor watch market size is projected to be valued at US$ 36.6 Billion in 2032 and is likely to reach US$ 19.87 Billion in 2022.
Emergence of novel watches with numerous features, including good battery life, media management, answer messages by voice, apps, alerts and notifications is expected to bode well for the market.
Further, rising prevalence of cardiovascular diseases across the globe is anticipated to drive the demand in the market. As per the Centers for Disease Control and Prevention (CDC), every year, nearly 659,000 people die from heart disease in the U.S.
The organization further mentions that heart disease led to costs of approximately US$ 363 Billion each year from 2016 to 2017 in the U.S. This includes the cost of lost productivity, medicines, and healthcare services.
On account of this, preference for cutting-edge heart rate monitor watches to receive alerts before anything crucial happens is anticipated to surge over the upcoming decade. This will improve the growth in global heart rate monitor watch market.
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Moreover, high demand for wireless sports and fitness devices owing to rising participation of the young population in various sports related activities worldwide is set to boost growth. Increasing emphasis on connected devices among millennials is another factor that is likely to augur well for the global market.
Key Takeaways:
Growth Drivers:
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Competitive Landscape:
Leading companies operating in the global heart rate monitor watch market are focusing on investing huge sums in research and development activities to introduce state-of-the-art products. They are also aiming to innovate their existing product offerings by unveiling novel features to attract a large consumer base. Some of them are joining hands with education and research institutions to co-develop new technologies.
For instance,
Key Companies Profiled by Fact.MR
More Valuable Insights on Heart Rate Monitor Watch Market
In the latest study, Fact.MR offers a detailed study on global heart rate monitor watch market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of heart rate monitor watch through detailed segmentation as follows:
By Operating System:
By Application:
By Display Type:
By Region:
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Key Questions Covered in the Heart Rate Monitor Watch Market Report
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