Global Heart Rate Monitors Strategic Business Report 2022 - Chestband Segment Forecast to Record 9.4% CAGR to Reach $579.7 Million by 2027 - ResearchAndMarkets.com

2022-12-12
DUBLIN--(BUSINESS WIRE)--The "Heart Rate Monitors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
'Heart Rate Monitors: Global Strategic Business Report'
Global Heart Rate Monitors Market to Reach $1.4 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Heart Rate Monitors estimated at US$668.7 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 10.7% over the analysis period 2020-2027.
Chestband, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$579.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wristband segment is readjusted to a revised 12.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $182.2 Million, While China is Forecast to Grow at 14.7% CAGR
The Heart Rate Monitors market in the U.S. is estimated at US$182.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$287.7 Million by the year 2027 trailing a CAGR of 14.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 9.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$198.2 Million by the year 2027.
Other Offerings Segment to Record 11.2% CAGR
In the global Other Offerings segment, USA, Canada, Japan, China and Europe will drive the 11.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$166.1 Million in the year 2020 will reach a projected size of US$332.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 12.8% CAGR through the analysis period.
Select Competitors (Total 42 Featured) -
nu-beca & maxcellent co.
TomTom International BV
What's New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Heart Rate Monitors - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/r256zl
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