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Body Area Network Market 2020 Statistics Data, Leading Manufacturers, Growth Factors, Competitive Landscape, Demand and Business Boosting Strategies till 2025

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Apr 15, 2020 (Heraldkeepers) -- Body Area Network Market Research Report 2020: Industry Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By Device (Wearable Devices (Smart Bands, Smartwatches, Smart Earphones) Implantable), By Technology (Bluetooth Low Energy, Zigbee, Wi-Fi, Others) by Application (Medical and Fitness, Sports, Security, Military, Others) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, Central and South America) – Forecast till 2025

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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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 13% 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.

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.

Key Developments

  • In October 2019, Sony Corporation launched a platform, called safety that combines a connected wearable device, a wristwatch, with a cloud-based backend solution to provide health systems, and app developers a ready-made platform to build remote health monitoring and mobile health applications.

  • In August 2019, Fitbit Inc. introduced Fitbit Aria Air, a wearable device that uses a low-cost Bluetooth scale to track weight and synchronizes with the Fitbit app to calculate BMI. It also gives users a comprehensive view of their trends over time alongside their activity, heart rate, sleep and nutrition data within the Fitbit app.

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.

Body Area Network Market 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.

Intended Audience

  • Smart Device manufacturers

  • Technology providers

  • Original Equipment manufacturers

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