Wise fitness accessories are used for actual physical exercises which help in managing general weight, improve actual physical stamina, as well as improve muscular strength. These devices are widely used to track information including sleep, steps, calories, pulse rate, along with other physical status, which additionally help in increasing the actual physical fitness of the human body.
Rising awareness among people connected with health and fitness is one of the major driving elements for growth of the global wise fitness market. The point attributed to growth of the market is soaring health issues for example obesity, diabetics, heart attack, which further increases need for fitness equipment.
For example, in 2013, in accordance with the Institute for Health Metrics as well as Evaluation analysis, nearly thirty % of the world public was suffering from obesity or perhaps obese, globally. Moreover, in accordance with the diabetics.org, the total number of folks in the U.S. suffering from diabetes patients was 7.2 million in 2014, and also in 2015, 1.5 million new cases have been reported which has been 6.7 % per 1,000 persons. So, increasing recognition among folks will proportionally demand for such fitness products, that will help them to track health related info like heart rate, amount of calories burned and workout time. This is expected to further help to enhance the general fitness of theirs of the body, subsequently aiding in growth of the global wise fitness industry.
In addition, growing government initiative programs related to health awareness is another aspect propelling growth of the market. For example, in May 2004, in the 57th World Health Assembly (WHA) endorsed the World Health Organization's (WHO), Global Strategy on Diet, Physical exercise, and Health. The objective of this approach is to promote as well as protect health and wellbeing by guiding at every person, community, national, and world-wide level such that it helps in reducing disease and death rates related to physical inactivity and unhealthy diet.
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High price of smart fitness equipment is major ingredient that limits growth of the market. This pushed start-up gyms & in-house users and fitness centres to get second-hand equipment. Therefore, high prices of these equipment is a significant factor hampering purchase of equipment that is new for commercial purposes. This's expected to negatively impact sales of new smart fitness equipment.
Global Smart Fitness Market: Segment Trends
On the basis of merchandise type, the smart watch segment accounted for the biggest market share in 2017 and it is likely to maintain the position of its throughout the forecasted time. This is owing to demand that is increased for wireless health monitoring units. As an example, in accordance with the Coherent Market Insights' studies, the total product of smart watches product sales in 2016 was US$thirty six million and it improved to US$seventy six million in 2017, internationally. These bright watches handle several characteristics including real time pulse rate monitoring, health monitoring, tracking footsteps, tracking number of calories burnt, overall sleep statistics, tracking exercise training, and tracking of user's daily routine to offer valuable insights on their health. This further helps health care provider to identify their patient's overall health remotely. This is anticipated to aid in development of the segment with the forecast period.
Global Smart Fitness Market: Regional Insights
North America held a dominating position in the global smart fitness market in 2017, and it is anticipated to maintain its dominance through the entire forecast period (2018-2026). This particular growth is due to increasing number ofhealth problem related to unhealthy weight for instance heart conditions, type 2 diabetes, and also others, which directly impacts adults, youth, and children. As an example, based on the National Centre for Health's analysis, in 2017, in the U.S. 40 % of adults and nineteen % of youths were suffering from obesity. So, growing concern among people today about health associated concerns is leading to increasing demand exipure for weight loss - https://www.thedailyworld.com/national-marketplace/exipure-reviews-does-... fitness equipment, to be able to handle their fitness. Hence, all these factors are going to help in propelling advancement of the bright fitness market in this particular region.
Global Smart Fitness Market: Competitive Landscape
Major players operating in the worldwide smart health market are Apple Inc., Fitbit Inc., Garmin Ltd., Jawbone, LG Electronics, MAD Apparel, Inc., Samsung Electronics Co., Ltd., Sony Mobile Communications Inc., Polar Electro, and OMsignal. Major players - http://Www.squidoo.com/search/results?q=Major%20players in the market like Apple Inc., Others, Samsung, and Fitbit Inc. are concentrating on adopting mergers and acquisitions strategy, to be able to strengthen their foothold in the market. As an example, in February 2018, Fitbit, Inc. acquired the Twine Health. The aim of the acquisition is to increase their offerings in the healthcare industry, which more helped the organization to obtain a competitive edge in the market.