Wise fitness equipment are utilized for physical exercises which help in managing general weight, boost physical endurance, as well as develop muscular strength. These products are used to track information such as sleep, steps, calories, pulse rate, and other bodily health, which more assist in enhancing the overall fitness of the human body.
Rising recognition among people connected with health and fitness is one of the major driving factors for expansion of the global smart fitness market. The factor attributed to expansion of the industry is climbing health problems just like obesity, diabetics, heart attack, which further increases demand for fitness - http://www.thefashionablehousewife.com/?s=fitness equipment.
For instance, in 2013, in accordance with the Institute for Health Metrics as well as Evaluation analysis, almost 30 % of the world population was suffering from unhealthy weight gain or obese, globally. Additionally, based on the diabetics.org, the total amount of individuals in the U.S. struggling from diabetic patients was 7.2 million in 2014, and also in 2015, 1.5 million new cases were reported which has been 6.7 % per 1,000 people. Thus, increasing awareness among people will proportionally demand for such fitness products, which will allow them to track health connected information like heart rate, amount of calories burned and pre workout supplement fat burner ( click through the following article - https://www.peninsulaclarion.com/national-marketplace/best-pre-workout-s... ) time. This's expected to further help to improve their general fitness of the body, subsequently aiding in development of the worldwide wise fitness market.
Moreover, growing government initiative programs in connection with health awareness is yet another component propelling development of the market. For instance, in May 2004, in the 57th World Health Assembly (WHA) endorsed the World Health Organization's (WHO), Global Strategy on Diet, Physical activity, and Health. The objective of this particular method is promoting as well as protect overall health by guiding at every individual, community, national, and world-wide level such that it helps in reducing disease as well as death rates related to unhealthy diet and physical inactivity.
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High price of smart fitness equipment is significant component that limits growth of the market. This pushed start up gyms & fitness centres and in house users to get second-hand equipment. Thus, high prices of these gear is a major factor hampering purchase of equipment which is brand new for commercial purposes. This is expected to negatively impact sales of new wise fitness gear.
Global Smart Fitness Market: Segment Trends
On the basis of item type, the smart watch segment accounted for the biggest market share in 2017 and is anticipated to retain its position throughout the forecasted period. This is owing to demand which is increased for wireless health monitoring devices. As an example, according to the Coherent Market Insights' analysis, the whole unit of smart watches product sales in 2016 was US$36 million and this increased to US$seventy six million in 2017, internationally. These bright watches carry out multiple capabilities like real-time heart rate monitoring, health monitoring, tracking footsteps, tracking number of calories burnt, general rest statistics, tracking exercise training, and tracking of user's day regimen to offer useful insights on the health of theirs. This further helps doctor to identify their patient's health remotely. This's anticipated to aid in progress of the segment over the forecast period.
Global Smart Fitness Market: Regional Insights
North America held a dominating position in the global wise health market in 2017, and it is likely to retain the dominance of its through the entire forecast period (2018-2026). This particular development is attributed to increasing number ofhealth issue related to obesity for instance heart disease, type 2 diabetes, and others, which specifically impacts adults, youth, and children. For instance, in accordance with the National Centre for Health's analysis, in 2017, in the U.S. 40 % of adults and 19 % of youths have been suffering from obesity. Thus, growing concern among people concerning health connected issues is leading to increasing need for fitness equipment, to be able to handle the fitness of theirs. Hence, each one of these factors will help in propelling advancement of the intelligent fitness market in this kind of region.
Worldwide Smart Fitness Market: Competitive Landscape
Major players running in the global wise health industry 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 on the market such as Apple Inc., Fitbit Inc., Samsung, and others are working on adopting mergers and acquisitions strategy, in order to strengthen their foothold in the market. For instance, in February 2018, Fitbit, Inc. acquired the Twine Health. The objective of the acquisition is to increase their offerings in the healthcare industry, which more helped the company to obtain a competitive edge in the marketplace.