Due to its non-invasiveness and mobility, photo volumetric tracing (PPG)-based heart rate measurement has drawn a lot of attention. Heart rate is a crucial physiological signal in health monitoring. However, motion artifacts can seriously interfere with PPG signals in a sports setting, which significantly reduces the accuracy of heart rate estimates. This research proposes a hybrid artifact removal (HMR), signal reconstruction (SR), and deep learning (DL)-based heart rate estimate approach (DL+HMR+SR) to tackle this issue. To effectively analyze complex artifacts in dynamic settings, the technique combines the fine-grained optimization mechanism of signal reconstruction, the artifact separation approach of hybrid artifact removal, and the feature extraction capabilities of deep learning. Six datasets — running, hand waving, elliptical training, deep squatting, mixed motion, and beckoning — are used in this work to validate the method’s performance. It is then compared to several traditional approaches, including RandF, Temko, TROIKA, JOSS, EEMD, and CorNet. In terms of average error, trend matching, and artifact elimination, the experimental results demonstrate that the method in this paper performs better than the current methods. The average error of 2.4±1.3 BPM is significantly lower than that of the classical methods (the average error of TROIKA is 11.72±15.98 BPM). The approach presented in this study also shows excellent robustness and application in downstream tasks like emotion recognition, and its average F1 score outperforms that of the other methods under comparison. The findings demonstrate that the DL+HMR+SR technique effectively supports health monitoring in wearable devices due to its excellent generalization ability, high accuracy, and robustness in handling dynamic artifacts. This study establishes the groundwork for future advancements in motion artifact elimination approaches and offers fresh ideas for heart rate estimation solutions.