Global Heart Rate Monitoring Devices Market Outlook 2022

Heart rate monitoring devices are used to measure or record heart rate of an individual person. Additionally, heart rate monitors can be very useful in terms of exercise or workout in order to maintain heart rate of an individual such as aerobic and fat burning zone. Chest strap heart rate monitoring devices are most effective heart rate monitors among other monitors, when strapped around an individual’s chest they provide precise accuracy of an individual’s heart rate. Wearable heart rate monitors are very popular these days due to their capability to be used in almost every kind of exercises such as jogging, hiking, cycling, running, swimming, climbing or when rehabilitating from an injury.
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.

The global Heart Rate Monitoring Devices market was valued at US$ 12400 million in 2020 and is expected to reach US$ 17160 million by the end of 2027, growing at a CAGR of 4.7% during 2021-2027.
This report focuses on Heart Rate Monitoring Devices volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Heart Rate Monitoring Devices market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Global Heart Rate Monitoring Devices Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Wrist Watch Heart Rate Monitor
Chest Strap Heart Rate Monitor
Strapless Heart Rate Monitors
Others

Segment by Application
Medical
Sports & Fitness
Exercise
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

By Company
Fitbit
Garmin
Polar Electro
Suunto