Heart Rate Monitoring Devices Market Size

Heart Rate Monitoring Devices Market size was over USD 32.7 Billion in 2023 and is anticipated to reach USD 100.25 Billion by the end of 2036, witnessing around 9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of heart rate monitoring devices is assessed at USD 35.64 Billion. The growth of the market is primarily attributed to the increasing concern about the rising cases of cardiovascular diseases along with an increasing number of people demanding heart rate monitors worldwide. As per recent statistics disclosed by the World Health Organization (WHO) in 2021, cardiovascular diseases were responsible for approximately 17.9 million deaths across the world in 2019, an estimated 32% of all global deaths.

These devices are devised for sports activities that connect to a chest strap to allow for seamless heart rate monitoring by sending data to a wrist monitor. Growing health awareness among individuals as a result of the increasing occurrence of chronic and lifestyle illnesses is encouraging the demand for fitness devices.