QYResearch: Global Heart Rate Monitors market is expected to reach USD 14934.15 M USD in 2022
Analyst: Chen Lijun
Company：QYResearch
The global revenue of Heart Rate Monitors market was valued at 10841.98 M USD in 2016 and is expected to reach USD 14934.15 M USD in 2022. In the future five years, we predict the CAGR of global revenue is 4.68%.
North America has the largest global export quantity and manufacturers in Heart Rate Monitors market, while the China is the second sales volume market for Heart Rate Monitors in 2016.
In the industry, Apple profits most in 2016 and recent years, while Fitbit and Garmin ranked 2 and 3.The market share of them is 38.69%, 21.58% and 8.20% in 2016.The gap of market share is keep on enlarged due to different strategy.
Nowadays, there are mainly two types of Heart Rate Monitors, including Chest Heart Rate Monitors and Wrist Heart Rate Monitors. And Wrist Heart Rate Monitors is the main type for Heart Rate Monitors, and the Wrist Heart Rate Monitors reached a sales revenue of approximately 10252.18 M USD in 2016, with 94.56% of global sales revenue.
Heart Rate Monitors technology is very mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.
This article was first released by QYResearch analyst, if reproduced, please indicate the source.
Marketing: sales@qyresearch.com
Analyst:chenglijun@qyresearch.com
Media Contact: press@qyresearch.com
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