Heart Rate Monitoring Devices Market Analysis

  • Report ID: 411
  • Published Date: Jan 21, 2025
  • Report Format: PDF, PPT

Heart Rate Monitoring Devices Segmentation

End-user (Hospitals & Clinics, Sports Care Centers, Professionals, Individuals)

Based on end user, the hospitals & clinics segment is anticipated to garner the highest heart rate monitoring devices market revenue share by the end of 2037. The rising incidence of illnesses resulting in a greater need for healthcare is driving up the global demand for hospitals and clinics. According to the American Hospital Association 2024, there are a total number of 6,120 hospitals in the United States. The need for accurate and continuous patient monitoring in critical care and diagnostic settings is boosting the segment growth further. 

Type (Wearable, Non-Wearable)

The wearable segment in the heart rate monitoring devices market is projected to register considerable growth in the upcoming years. Growing health consciousness among consumers, coupled with the rising popularity of wearable devices has driven their growth. Real-time data tracking and connectivity with mobile apps are trending features in the market. In July 2023, Coros launched the Coros Heart Rate Monitor, which is a strap to be worn on the upper arm, designed to combine characteristics of chest strap, and simple wrist-worn monitors.

Our in-depth analysis of the global heart rate monitoring devices market includes the following segments:

By Type

  • Wearable
  • Non-Wearable

By Indication

  • Sports
  • Medical

By End-User

  • Hospitals & Clinics
  • Sports Care Centers
  • Professionals
  • Individuals

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of heart rate monitoring devices is estimated at USD 38.56 billion.

The heart rate monitoring devices market size was valued at USD 36 billion in 2024 and is set to exceed USD 109.06 billion by 2037, registering over 8.9% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by increasing cases of cardiovascular cases and the rising awareness about health and fitness.

North America industry is predicted to hold largest revenue share of 40% by 2037, on the back of increasing awareness about health and wellness along with the adoption of fitness devices & applications in the region.

The major players in the market are Apple Inc., Samsung Electronics Co. Ltd., Fitbit International Limited, Visiomed Group SA, Nike, Inc., Beurer GmbH, Omron Healthcare, Inc., LG Electronics Inc., TomTom International BV, Sony Group Corporation
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