Published May 15, 2023
The Fitness Tracker Market report helps to understand the most dominating growth drivers as well as the obstacles occurring in the market. Combined with this, it enlightens the readers about several aspects of the global market namely current trends, regional analysis, segments, market figure, challenges, and significant market players.
To prosper in this competitive marketplace, businesses are highly benefited if they adopt innovative solutions such as theFitness Tracker Market Sizeresearch report. A number of estimations and calculations have been executed in this market report by assuming a definite base year and the historic year. The market document also provides the knowledge of all the drivers and restraints which are derived through SWOT analysis. The Fitness Tracker Marketreport considers various factors that have a great effect on the growth of the business which includes historic data, present market trends, environment, technological innovation, upcoming technologies, and the technical progress in the Healthcare industry.
Fitness trackers have become extremely popular and feasible for use among the general population. These devices are used to track and monitor physical and fitness activities such as steps covered, calories burned and consumed, heart rate, distance covered, sleep duration, and breathing. Tracking devices are wirelessly synced with a computer or asmartphoneand can be used anywhere by anyone to monitor fitness and health-related parameters. For Instance, according to the Pew Research center, in 2019, one in five Americans regularly use a fitness monitoring device. Thus, creating a high demand for fitness monitoring devices.
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The Fitness Tracker Market is driven by the rising cases of male pattern baldness. The incidence of baldness among men has become common among men globally. The prevalence of the condition is increasing with rise in risk factors such as smoking, poor eating habits, stress, and deficiency of essential nutrients and minerals. The rising cases of baldness among men have increased the adoption of hair transplants, which, in turn, is driving the growth of the market.
Drivers and Restraints
The global fitness tracker market size was USD 36.34 billion in 2020. The global impact of COVID-19 has been unprecedented and staggering, with fitness trackers witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a stellar growth of 19.5% in 2020. The market is projected to grow from USD 36.34 billion in 2020 to USD 114.36 billion in 2028 at a CAGR of 15.4% in the 2021-2028 period. The fall in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.
The competitive landscape of the Fitness Tracker Market has been discussed in detail. The report highlights leading companies, their performance over the past few years, and their key strategies. The Fitness Tracker Market report provides a comprehensive evaluation of several factors that have contributed to the growth of the market in recent years. In addition to the growth stimulators, the report also discusses the challenges facing the market. Furthermore, the report provides forecast values for the market for the period 2020-2029. Additionally, it identifies areas that have witnessed the highest demand and applications for the product in recent years. Besides this, some of the leading products, major companies, and major recent industry developments have been highlighted in this report.
The healthcare industry caters to providing medical insurance, facilitating the provision of healthcare to patients, catering to medical supplies and equipment, and several other things. We at Fortune Business Insights find the pain points of such business providers and offer them the finest research reports which enable them to gain a leading edge in the industry.
Key players covered in the globalFitness Tracker Market research report:
- Garmin Ltd. (Kansas, United States)
- Apple Inc (California, United States)
- Fitbit, Inc.(California, United States)
- Huawei Technologies
- Pebble Technology Corp (California, United States)
- Samsung Electronics Co Ltd(Suwon-si, South Korea)
- Google Inc. (California, United States)
- Xiaomi Technology Co., Ltd.(Beijing, China)
- Jawbone (California, United States)
- Nike (Oregon, United States)
Table of Content Fitness Tracker Market:
- IntroductionFitness Tracker Market
- Research ScopeFitness Tracker Market
- Market SegmentationFitness Tracker Market
- Research MethodologyFitness Tracker Market
- Definitions and AssumptionsFitness Tracker Market
- Executive SummaryFitness Tracker Market
- Market DynamicsFitness Tracker Market
- Market DriversFitness Tracker Market
- Market RestraintsFitness Tracker Market
- Market OpportunitiesFitness Tracker Market
- Key InsightsFitness Tracker Market
- Key Industry Developments - Merger, Acquisitions, and PartnershipsFitness Tracker Market
- Porter’s Five Forces AnalysisFitness Tracker Market
- SWOT AnalysisFitness Tracker Market
- Technological DevelopmentsFitness Tracker Market
- Value Chain AnalysisFitness Tracker Market
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