Health All-in-one Machine Market Growth Accelerated by Expanding Fitness and Healthcare Applications
Health all-in-one machines integrate multiple healthcare and fitness functionalities into a single device for monitoring vital body statistics and metrics. These machines help track metrics like heart rate, blood pressure, ECG, sleep patterns, calories burned, and more with the help of integrated sensors. The devices also allow users to access fitness programs, virtual coaching, and streaming workouts on the device screen. The consolidation of various monitoring and exercise features into an all-in-one device has gained attraction among users striving to conveniently track their health and fitness levels from a single point.
The global Health
All-in-one Machine Market is estimated to be valued at US$ 513.92 Bn in
2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to
2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The expanding scope of applications for health all-in-one machines outside of
traditional healthcare and fitness domains has been a key trend fueling the
market growth over the forecast period. With these devices now offering
functionality such as medicine reminders, video conferencing for virtual
medical consultations, and integrating with other smart home appliances, the
market has witnessed increased demand from both individual users and
institutions such as elderly healthcare facilities. The convergence of consumer
electronics and medical device functionalities into a single connected device is
expected to remain a core market trend, further propelling the market expansion
through 2030.
Segment
Analysis
The health all-in-one machine market is dominated by smart watches sub segment.
Smart watches constitute around 45% of the total market. They can track
multiple health parameters such as heart rate, ECG, blood pressure, blood
oxygen level etc. and can connect to smartphones. Their ability to monitor
multiple health indicators in a single device along with smartphone
connectivity has increased their popularity especially among the younger
population.
Key Takeaways
The global Health All-in-one Machine market is expected to witness high growth
over the forecast period of 2023 to 2030.
Key players operating in the Health All-in-one Machine market are Omron Healthcare, Fitbit Inc., Philips Healthcare, Garmin Ltd., Medtronic Plc., GE Healthcare, Johnson & Johnson, Xiaomi Corporation, Samsung Electronics, Huawei Technologies Co., Ltd., Apple Inc., Abbott Laboratories, LifeScan, Inc., Roche Diagnostics, Becton, Dickinson and Company.
Comments
Post a Comment