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Oct 25

Global Wireless Health and Fitness Devices Market 2020-2027 – The Merger of Consumer Electronics with Professional Medical Equipment – PRNewswire

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DUBLIN, Oct. 23, 2020 /PRNewswire/ -- The "Wireless Health and Fitness Devices - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Wireless Health and Fitness Devices Market to Reach 464.6 Million Units by 2027

Amid the COVID-19 crisis, the global market for Wireless Health and Fitness Devices estimated at 221.6 Million Units in the year 2020, is projected to reach a revised size of 464.6 Million Units by 2027, growing at a CAGR of 11.2% over the analysis period 2020-2027.

Sports & Fitness, one of the segments analyzed in the report, is projected to record a 10.1% CAGR and reach 280.4 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Remote Health Monitoring segment is readjusted to a revised 12.1% CAGR for the next 7-year period.

The U. S. Market is Estimated at 59.9 Million Units, While China is Forecast to Grow at 14.7% CAGR

The Wireless Health and Fitness Devices market in the U. S. is estimated at 59.9 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 99.2 Million Units by the year 2027 trailing a CAGR of 14.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.8% and 9.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

Professional Healthcare Segment to Record 15.8% CAGR

In the global Professional Healthcare segment, USA, Canada, Japan, China and Europe will drive the 14.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of 13.8 Million Units in the year 2020 will reach a projected size of 36.4 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 68 Million Units by the year 2027, while Latin America will expand at a 17.5% CAGR through the analysis period.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/dpw8my

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Research and Markets Laura Wood, Senior Manager [emailprotected]

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SOURCE Research and Markets

http://www.researchandmarkets.com

Read more from the original source:
Global Wireless Health and Fitness Devices Market 2020-2027 - The Merger of Consumer Electronics with Professional Medical Equipment - PRNewswire

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