Body Area Network Market
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The body area network market is projected to grow at a CAGR 10.87% rate during the forecast period. Increased use of smart devices for tracking physical fitness and its availability at low-cost, rapid advancements in medical devices and communication technologies, supportive government and hospital initiatives to promote digital healthcare are some of the driving factors of the market.
Wearable devices is expected to grow at the highest CAGR during the forecast period. Wearable devices for network mainly includes smart bands, smartwatches, and smart earphones. The rapid adoption of smartwatches and smart bands in sports and fitness applications across various countries is accelerating market growth for wearable devices. Apple, Fitbit, Samsung, Fossil, Garmin, Huawei, and Xiaomi are among the few companies that offer smartwatches and smart bands, while companies such as Bragi and GN Group offers smart earphones.
Application processors and memory modules expected to lead the market during the forecast period. The use of application processor for combining data from multiple sensors, whether internal or external, where the received information is processed, and then the corrective action is taken. Increasing multimedia features in wearable devices such as smartwatches is accelerating the need for additional internal memory.
North America expected to hold the largest share of the network market during the forecast period owing to factor such as Increasing penetration of smart devices such as smartwatches, fitness trackers, implantable devices; rising prevalence of chronic diseases and lifestyle-related disorders, growing healthcare costs, escalating demand for better healthcare services, and increasing government initiatives to promote digital health record.
Key Market Players includes Apple Inc. (US), Fitbit (US), Samsung Electronics Co., Ltd. (South Korea), Garmin Ltd. (US), Fossil Group, Inc. (US), Xiaomi Corporation (China), Huawei Technologies Co., Ltd. (China), Casio Computer Co., Ltd. (Japan), LG Electronics Inc. (South Korea), Medtronic plc (US), Bragi (Germany), Polar Electro Oy (Finland), Mobvoi Information Technology Company Limited (China), GOQii (US), Suunto Oy (Finland), Withings (France), AsusTek Computer Inc. (Taiwan), Abbott Laboratories (US), Huami Corporation (China), and Matrix Industries (US).
Key Questions Addressed by the Report
- Which are the leading applications in the network market?
- Which region would lead the market during the forecast period?
- What strategies are adopted by network players to stay ahead in the market?
- What are the growth perspectives of this market in different regions?
- What are drivers, opportunities, restraints, and challenges that influence the growth of the body area network market?
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Body Area Network Market, By Application
6. Body Area Network Market, By Component
Application processors and memory modules, and pulse generators
Communication and interface components
Power management units
7. Body Area Network Market, By Device Type
8. Body Area Network Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
9. Company Profiles
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