Market Research Report
Heart Rate Monitors
|Published by||Global Industry Analysts, Inc.||Product code||992442|
|Published||Content info||373 Pages
Delivery time: 1-2 business days
|Heart Rate Monitors|
|Published: April 1, 2021||Content info: 373 Pages||
Global Heart Rate Monitors Market to Reach $6.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Heart Rate Monitors estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$6.1 Billion by 2027, growing at aCAGR of 12.2% over the period 2020-2027. Wearable, one of the segments analyzed in the report, is projected to record 13% CAGR and reach US$3.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Wearable segment is readjusted to a revised 10.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $739.8 Million, While China is Forecast to Grow at 16.1% CAGR
The Heart Rate Monitors market in the U.S. is estimated at US$739.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 16.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 10.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR.
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