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Heart Rate Monitors Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Heart Rate Monitors Market Statistics - 2028Due to the COVID-19 pandemic, the global Heart Rate Monitors market size is estimated to be worth USD 14340 million in 2022 and is forecast to a readjusted size of USD 18880 million by 2028 with a CAGR of 4.7% during the review period. Key drivers of the heart rate monitors market include quick access, ease of use, and convenience in monitoring heart rates during any fat-burning exercise. The data analysis provided by these monitors helps in effectively determining the rate of an individual's cardio exercises. People extensively use the device during their cardio or workout sessions, This will bolster the growth of the heart rate monitors market during the forecast period.
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Calculation of peak heart rates is a must for monitoring the health of your overall heart. Heart rate monitors provide the information within seconds. This will drive adoption thereby surging the growth of the market in the coming years. The technological advancements in the heart rate monitors will enhance their usage which in turn will fuel the growth prospects of the market in the upcoming years.
TRENDS INFLUENCING THE GLOBAL HEART RATE MONITORS MARKET
Monitoring of data in fat burning exercises
Lifestyle diseases such as diabetes, and blood pressure has led to the spread of cardiovascular illnesses. People all over the world are joining gyms or doing aerobic exercises in order to get fit and healthy. The advent of wearables technology has helped people to track their vital signs on the go. These devices can help you to adjust your energy intensity to match your heart rate for optimum fat burn. In this way, the body adjusts as per your personalized needs. This is going to drive the growth of the heart rate monitors market during the forecast period.
HEART RATE MONITORS MARKET SHARE ANALYSIS
Based on type, the segmentations are chest heart rate monitors and wrist heart rate monitors. Chest monitors contain straps that measure your speed, calories burned, and the rate of your heart during exercise. While wrist types contain optical sensors that monitor the pulse rate through the watch worn on wrists.
Based on application, the segmentations are fat burn, cardio, and peak. Fat burning uses the monitors to match the energy intensity. Cardio exercises give data on heart rate levels for detailed analysis. On the other hand, a peak is measuring your peak heart rate capacity.
Based on region, Asia-Pacific is expected to dominate in the heart rate monitors market share with China holding 50% market penetration due to its huge patient base and increasing aging population.
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Heart Rate Monitors Market By Type
• Chest Heart Rate Monitors
• Wrist Heart Rate Monitors
Heart Rate Monitors Market By Application
• Fat Burn
• Cardio
• Peak
Heart Rate Monitors Market By Company
• Fitbit
• Xiaomi
• Apple
• Samsung
• Garmin
• Suunto
• Polar
• Timex
• EKHO
• Mio Global
• Scosche
• Omron
• Jarv
• Wahoo
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