NEW YORK, Nov. 8, 2021 /PRNewswire/ -- The heart rate monitoring devices market is expected to grow by USD 418.41 mn from 2020 to 2025. Technavio's latest market research report estimates that the market will progress at a CAGR of 11.81%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The heart rate monitoring devices market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report also covers the following areas:

• Heart Rate Monitoring Devices Market size
• Heart Rate Monitoring Devices Market trends
• Heart Rate Monitoring Devices Market industry analysis

Heart Rate Monitoring Devices Market 2021-2025: Segmentation

• Product
  • Chest Straps
  • Wristband
  • Others
• Geography
  • North America
  • Europe
  • Asia
  • ROW

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Heart Rate Monitoring Devices Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the heart rate monitoring devices market include Alphabet Inc., ANTA Sports Products Ltd., Apple Inc., BIOTRONIK SE and Co. KG, Garmin Ltd., Koninklijke Philips NV, OMRON Corp., Polar Electro Oy, Wahoo Fitness LLC, and Xiaomi Corp. Backed with competitive intelligence and benchmarking, our research report on the heart rate monitoring devices market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

The growing preference for self-care monitoring devices, focus on preventive treatment, and rise in Internet penetration will offer immense growth opportunities. However, the intense competition among vendors will hamper market growth.

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Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities. The heart rate monitoring devices market has been segmented by geography into four regions, namely North America, Europe, Asia, and ROW. Among these regions, North America will account for 39% of the growth of the market during the forecast period. The US is one of the key countries in the heart rate monitoring devices market in North America. The growth rate of the market in North America has been significant. Moreover, the region is expected to offer several growth opportunities to market vendors during the forecast period. In addition, the growth of the heart rate monitoring devices market in North America will be driven by the rising focus on preventive treatment.

Heart Rate Monitoring Devices Market 2021-2025: Key Highlights

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist heart rate monitoring devices market growth during the next five years
• Estimation of the heart rate monitoring devices market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the heart rate monitoring devices market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of heart rate monitoring devices market vendors

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Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

For additional insights on the market, View Our Report Snapshot

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