1. Market Research
  2. > Leisure
  3. > Sports Market Trends
Body Area Network Market by Device Type, Component, Application And Region - Global Forecast to 2024

Body Area Network Market by Device Type, Component, Application And Region - Global Forecast to 2024

  • September 2019
  • 143 pages
  • ID: 5815110
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

Increasing importance of wearable devices to drive the growth of the body area network market
The body area network (BAN) market is projected to grow from USD 9.1 billion in 2019 to USD 15.8 billion by 2024, recording a CAGR of 11.7%. The body area network market is driven by various factors, such as the increased use of smart devices for tracking physical fitness, rapid advancements in medical devices, and promotion of digital healthcare through supportive government & hospital initiatives. However, constraints such as security of huge volumes of sensitive data may hinder the growth of the market.

Based on applications, medical, fitness, and sports is likely to be the fastest-growing application during 2019-2024

Body area network has a broad scope of use in medical application.The increasing importance of remote health monitoring is generating a vast growth opportunity for players in the body area network market.

The information gathered from body sensors can be processed to obtain reliable and accurate physiological estimations that allow distant doctors to offer real-time opinions on the medical diagnosis and precise prescription.Also, the features of smart devices such as monitoring of parameters which includes sleep, calories burnt, heart rate, fall detection, and blood pressure along with activity tracking such as walking, running, swimming, and strength training are propelling the body area network market.

Therefore, the demand for medical, fitness, and sports applications is expected to hold a major share of the market by 2024.

APAC to record the highest growth rate in the body area network market during the forecast period
APAC is likely to be the fastest-growing region for the body area network market in the coming years.Leading players offering wearable devices such as Samsung (South Korea), Huawei (Japan), LG (South Korea), and Xiaomi (China) are based in APAC.

Rising healthcare costs, increasing error occurrence, and growing demand for better healthcare services have made it imperative for healthcare organizations to integrate medical devices and medical diagnosis apps in APAC.

Body area network market in China contributes largely to the APAC market and is likely to grow at the highest CAGR in APAC during the forecast period.Significant rise in the healthcare expenditure of China, increasing rate of aging population, and collaborative initiatives by the Chinese government and industry players are the factors that drive the body area network market in China.

Other countries that show significant growth in APAC are Japan and South Korea.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the body area network marketplace.
• By Company Type: Tier 1 - 30%, Tier 2 - 45%, and Tier 3 - 25%
• By Designation: C-Level Executives -35%, Directors - 40%, and Managers - 25%
• By Region: North America - 20%, Europe - 25%, APAC - 45%, and RoW - 10%

Major players in the body area network market include 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).

The study includes an in-depth competitive analysis of these key players in the body area network market, with their company profiles, recent developments, and key market strategies.

Research Coverage
The report defines, describes, and forecasts the body area network market based on device type, components, application, and geography.It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the body area network market.

It also analyzes competitive developments such as collaborations, agreements, contracts, partnerships, mergers & acquisitions, and product launches & advancements carried out by the key players to grow in the market.

Key Benefits of Buying the Report
The report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall body area network market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
U.S. Smartwatch Forecast Update, 2019-2023

U.S. Smartwatch Forecast Update, 2019-2023

  • $ 4500
  • October 2019

This IDC study presents the five-year forecast for smartwatches shipments in the United States."Smartwatches will continue to gain traction in the United States," says Ramon T. Llamas, research directo ...

Medical Wearables: Beyond FitBit

Medical Wearables: Beyond FitBit

  • $ 3950
  • October 2019

Report Includes:- An overview of the global market for medical wearables beyond FitBit- Discussion about what technologies need to be worked on in order to incentivize future growth, the effects they will ...

Active Noise Cancelling (ANC) Headphones Market - Global Outlook and Forecast 2019-2024

Active Noise Cancelling (ANC) Headphones Market - Global Outlook and Forecast 2019-2024

  • $ 3500
  • August 2019

The global active noise cancelling (ANC) headphones market is expected to reach over $9 billion by 2024, growing at an impressive CAGR of around 14% during 2018–2024.The growing awareness toward hearing ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on