Body Area Network Market Synopsis
As per the
reports by Market Research Future Reports (MRFR), the Global Body Area Network Market is estimated to expand
from USD 9.09 Billion in 2018 to USD 21 Billion by 2025, at an expanding CAGR
of 21% during the review period from 2019 to 2025. The unique selling point of
the global body area network market is the development of wireless
communication. An increase in the usage of smart devices for identifying
physical fitness and its availability at a cheaper price, robust developments in
medical equipment and communicative technology, supportive hospital and
governments initiatives to educate people about digital healthcare are some of
the most crucial factors affecting the global body area network market 2020.
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Body area
network is a short-range wireless network that consists of equipment stationed
in, on, and around the body that can be communicated and connected. It is a
kind of personal network that utilizes implanted and wearable electronic
circuits. It deploys extremely useful functions and capabilities inconvenient
and inconspicuous configurations that operate at very low power and deliver
superior security. Body area network applications are in several fields like in
the military where it is utilized to regulate the physical locations of field
personnel. The important signs of solider’s can be traced similar to healthcare
patients as part of regulating their physical well-being.
Body Area Network Market Segmentation
The global body area network market can be
segregated on the basis of application, device, and region.
On the basis of the device, the global body area
network market has been divided into implantable and wearable devices. The
wearable devices sector is further sub-divided into smartwatches, smart bands,
and smart earphones.
On the basis of technology, the market has been
segregated into Zigbee, Bluetooth low energy (BLE), Wi-Fi, and others.
On the basis of application, the market has been
segregated into sports, medical and fitness, military, security, and others.
On the basis of region, the global body area network
market has been divided into Europe, North America, Asia-Pacific, Central and
South America, and the Middle East & Africa.
Regional Segmentation
The global body area network market is estimated to
expand at a considerable rate during the review tenure from 2019 to 2025. The
regional analysis of the global body area network market is performed for
Europe, North America, Asia-Pacific, Central and South America, and the Middle
East & Africa.
North America is leading the market due to an
increase in the adoption of several smart equipment which includes smartwatches,
fitness trackers, implantable equipment among others. Moreover, the rate of
chronic ailments and increasing healthcare expenses are propelling the
expansion of the body area network market in the North American region.
The Asia-Pacific region is estimated to be the
fastest-expanding region during the review period due to expanding steps taken
by the government to advocate cure in the form of digital health records.
Moreover, the demand for efficient health-associated services is estimated to
further propel the expansion of the market in the forthcoming period. The
Middle East and African market are estimated to display considerable expansion
during the review period.
Key Players
The major competitors in the global Body Area
Network Market are Fitbit (US),
Apple Inc.(US), Samsung Electronics Co.,
Ltd (South Korea), Fossil Group, Inc. (the US), Garmin Ltd. (US), Xiaomi
Corporation (China), Casio Computer Co., Ltd. (Japan), Huawei Technologies Co.,
Ltd. (China), LG Electronics Inc. (South Korea), Bragi (Germany), Medtronic plc
(US), Polar Electro Oy (Finland), GOQii (US), Mobvoi Information Technology
Company Limited (China), Suunto Oy (Finland), AsusTek Computer Inc. (Taiwan),
Withings (France), Abbott Laboratories (US),
Matrix Industries (US), Huami Corporation (China), and Sony Corporation
(Japan).
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