Body Area Network Market is Estimated to Grow at a Significant Rate During the Forecast Period 2024- 2032

Pune, India, October 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Body Area Network Market.

Market Highlights

Body Area Network Market is expected to grow from USD 11.52 Billion in 2023 to USD 30.64 Billion by 2032, at a CAGR of 11.29% during the forecast period. Body area network is basically a short-range wireless network comprising devices positioned in, on, and around the body that can be connected and communicate. It is a type of personal network that uses wearable and implanted electronic circuits. It implements highly useful functions and capabilities inconvenient and unobtrusive configurations that operate at very low power and deliver superior security. BAN has applications in the military where it is used to monitor the physical locations of field personnel. The vital signs of solider’s can be tracked similar to healthcare patients as part of monitoring their physical well-being.

Key Players

The Key Players in the Body Area Network Market are 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), Sony Corporation (Japan).

Regional Analysis

The global body area network market is projected to grow at a significant rate during the forecast period from 2024 to 2032. The geographic analysis of the global body area network market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America.

North America is dominating the market owing to a surge in the adoption of various smart devices including fitness trackers, smartwatches, implantable devices among others. Also, the rate of chronic diseases and growing healthcare costs are boosting the growth of the body area network market in North America. Furthermore, Asia-Pacific is expected to be the fastest-growing region during the forecast period owing to growing initiatives by the government to promote curation in the form of digital health records. Also, the demand for better health-related services is expected to fuel the growth of the market in the coming years. The Middle East and Africa region is expected to show significant growth during the forecast period.

Segmentation

The global body area network market has been segmented based on device, application, and region.

On the basis of the device, the market has been segmented into wearable devices and implantable. The wearable devices segment is further sub-segmented into smart bands, smartwatches, and smart earphones.

By technology, the market has been segmented into Bluetooth low energy (BLE), Zigbee, Wi-Fi, and others.

Based on application, the market has been segmented into medical and fitness, sports, security, military, and others.

The global body area network market, by region, has been classified into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America.