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Global Wireless Health and Fitness Devices Market Report 2021-2027: Ready for Disruption! Among the Digital Technologies, Benefiting Are Health & Fitness Wearables
Research and Markets
6 min read

Dublin, July 13, 2021 (GLOBE NEWSWIRE) -- The "Wireless Health and Fitness Devices - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Wireless Health and Fitness Devices estimated at 280 Million Units in the year 2020, is projected to reach a revised size of 573.7 Million Units by 2026, growing at a CAGR of 12.1% over the analysis period.

Sports & Fitness, one of the segments analyzed in the report, is projected to record a 11.2% CAGR and reach 361.4 Million Units by the end of the analysis period. After a thorough 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 12.8% CAGR for the next 7-year period.

Global Wireless Health and Fitness Devices Market to Reach 573.7 Million Units by 2026

In times of COVID-19, significant focus is being shed on health and fitness. Exercise is one of the indispensable components of the holistic approach to healthy and quality living. Physical activity combined with a well-balanced diet is a perfect recipe for stimulating and strengthening the immune system that safeguards the host from diseases and infections.

The pandemic is profoundly influencing the everyday life of consumers around the world. Social, financial, physical, emotional and environmental issues are topping the priority list for consumers. Given that stress can weaken the immune system and compromise overall health and well-being, consumers are beginning to spend additional time, money, and resources on lifestyle changes, fitness routines, and food habits to deal with the pandemic.

Professional Healthcare Segment to Reach 68.3 Million Units by 2026

In the global Professional Healthcare segment, USA, Canada, Japan, China and Europe will drive the 15.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of 23.6 Million Units in the year 2020 will reach a projected size of 65.4 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 5.1 Million Units by the year 2026, while Latin America will expand at a 16.5% CAGR through the analysis period.

The U.S. Market is Estimated at 136.4 Million Units in 2021, While China is Forecast to Reach 59.9 Million Units by 2026

The Wireless Health and Fitness Devices market in the U.S. is estimated at 136.4 Million Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 59.9 Million Units by the year 2026 trailing a CAGR of 14.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.8% and 11.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR.

Consumers are increasingly opting for wearable wireless sports, fitness and wellness devices with the intention of keeping themselves healthy and safe. With growing health awareness, focus on leading active lifestyle, alarming rise in obesity & related problems, and rising health risks of a sedentary lifestyle, there has been a growing emphasis on staying healthy and fit.

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