Global Body Area Network
Market Report
2024
Global Body Area Network market size will be USD 31.36 Billion by 2030. Body Area Network Industry's Compound Annual Growth Rate will be 11.46% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Body Area Network market will expand significantly by xx% CAGR between 2024 and 2031.
The global Body Area Network market's demand for wearable devices is rising.
Demand for healthcare applications is rising in the global Body Area Network market.
Demand for Bluetooth technology is rising in the global Body Area Network market.
North American region will continue to lead, as dominating region and highest compound annual growth rate in the forecast year 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Body Area Network Market Sales Revenue 2030 | $ 31.36 Billion |
Global Body Area Network Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 11.46% |
Market Split by Device Type |
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Market Split by Application |
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Market Split by Technology |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Body Area Network Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A wearable computing device's wireless network is sometimes known as a body area network, wireless body area network, or WBAN. These gadgets might be positioned inside the body or externally mounted in a certain way. Wireless networking is receiving more attention as wearable technology, such as watches and eyewear, gains popularity. The wireless network technology used in conjunction with wearables is referred to as body area networks or BANs. These networks' primary function is to send data generated by wearable devices outdoors to an Internet or WLAN. Wearables can occasionally communicate directly with one another to exchange data. Companies are using various market share positioning strategies to get an advantage in the rapidly expanding Body Area Network (BAN) industry. One popular approach is separation, in which businesses concentrate on developing unique capabilities and areas of emphasis for their BAN arrangements. This could involve improved network options, advanced sensor technology, or more sophisticated information handling algorithms to provide a more thorough and capable body-checking experience. Organizations aim to differentiate themselves from competitors by attracting clear segments of the healthcare, sports, or consumer sectors with distinctive features.
In the BAN industry, market segmentation plays a crucial role, with companies concentrating on clear-cut projects or customer events. For instance, developing BAN responses for applications related to medical services, sports execution monitoring, or contemporary security. Businesses can successfully enter specialty markets and meet the needs of various clientele by tailoring their products to these sectors' unique requirements. To improve the overall customer experience, businesses invest in information security measures, user-friendly interfaces, and personalized features. Through targeted surveys and suggestions, businesses can build brand faithfulness and attract new customers by emphasizing customer loyalty. These crucial alliances have the power to accelerate progress, expand market penetration, and enhance a more comprehensive approach to addressing business issues. Development is still a cornerstone of the Body Area Network industry's strategies for securing market share. Companies can establish themselves as industry leaders by investing in inventive work to stay ahead of mechanical advancements. Continuous improvement could take the shape of new sensor introduction, increased energy efficiency, or increasingly accurate information analysis computations. Staying on the front edge of mechanical innovation satisfies current consumer needs and establishes a firm as a leader, attracting early adopters and setting standards for the sector.
Increasing use of remote patient technology
Remote patient technology has been a game-changer in recent years, with the potential to completely transform the way healthcare is delivered. It allows healthcare providers to make well-informed judgments and actions in real-time by bridging the gap between continuous, remote monitoring and traditional in-person care.
• In 2020, over 23 million patients used remote patient monitoring tools and services, according to an Insider Intelligence survey. In addition, it is anticipated that by 2024, over 30 million people will have made use of these similar resources. This pattern suggests that there is room for expansion and that there is a substantial demand for remote patient monitoring.
The need for effective and efficient patient care is growing as the world's population ages and healthcare expenses rise; remote patient technology is well-positioned to meet these issues. Fundamentally, remote patient monitoring, or remote patient technology, is a medical technology that lets medical staff members keep an eye on and record their patients' vital signs, symptoms, and health information when they're at a distance. Patients employ a variety of digital gadgets and sensors in the comfort of their own homes to do this. Remote patient technology fosters patient engagement and adherence to treatment plans, leading to better patient satisfaction and long-term health management.
Increasing wearable technology consumption is driving the market
The rising use of wearables is driving the body area network market's compound annual growth rate. The need for body area networks is supported by the rising use of wireless networks and the ongoing reduction in the size of electrical devices. For instance, Apple accounted for approximately 33.1 percent of the wearable technology market share in 2020. Moreover, 589 million wearable devices were sold globally in 2020, increasing by 28.4% to 337 million units in 2019.
Source (https://gitnux.org/wearables-industry-statistics/)
The market for wearable devices is expanding faster than anticipated due to the widespread usage of smartwatches and bands for fitness and medical purposes. In addition, as more individuals utilize wearable technology—such as fitness trackers and smartwatches—the market for body area networks is growing.
Furthermore, hospitals and government organizations have begun to automate the healthcare sector, which could expand the market for body area networks. The integration of body area networks and data transfer technologies allows for the tracking of patients' health features even in remote places.
The healthcare industry is not the only one leading the way in the integration of big data and deep learning in body area network applications; wearables, sports, and fitness are also following suit. Patient's vital signs are monitored by biomedical sensor devices and body area networks, and new businesses are fusing medical Big Data and deep learning technologies for potential practical uses. Body area network providers are taking advantage of the fitness and health craze to inform consumers about the availability of cutting-edge medical electronic devices. Additionally, the increasing dependence of consumers on fitness and health is creating enormous prospects for next-generation MedTech applications such as body area networks. 97.2% of Body area network companies are investing in big data and AI, such that their gadget is improved.
To give medical professionals greater clinical context for each patient's cancer case, Tempus is creating the world's largest collection of molecular and clinical data. By gathering and organizing data from radiology scans, lab reports, clinical notes, and pathology images, the Tempus platform speeds up oncology research and assists medical professionals in creating more individualized and knowledgeable treatment regimens.
Source (https://builtin.com/big-data/big-data-in-healthcare)
Because of the growing popularity of the Internet of Things (IoT), artificial intelligence (AI), machine learning, and other technical advancements, the market for smart earphones with body area networks is anticipated to grow. Large volumes of data must be managed and protected by a firm due to the growing use of privacy. These factors are expected to produce profitable growth for the body area network market throughout the estimated time frame.
Improvement in telecom facilities to limit body area network market growth
A significant obstacle to wireless body sensor networks is the availability of network coverage, which may restrict the global body area network's ability to grow for a few more years. Nonetheless, it is anticipated that the quick development of communication infrastructure, especially in developing nations, would foster an atmosphere that will allow makers of body area networks to enter the market. One of the main reasons that certain governments have not fully and consistently accepted WBAN sensors is data privacy concerns. It has somewhat hampered the expansion of the body area network industry in regions of North America and Europe with greater growth potential. The adoption of body area network devices may also be hampered by further social constraints on the wearing of any electronic devices.
Body area network demand has significantly decreased as a result of the COVID-19 interruption that stopped operations in the transportation and manufacturing sectors. The most impact was found in the halt of production, hampering the supply chain operations.
The production of body area network devices was reduced due to the unavailability of raw materials for electronic devices, and the sales also dipped down due to restrictions on sufficient logistics facilities.
Post-pandemic, as the need for foam products from many sectors has reduced, so too has the necessity for body area networks.
To balance supply and demand and prevent inventory pile-ups, several body area network manufacturers are therefore expected to operate their operations at a low-capacity utilization rate shortly.
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Prominent industry participants make substantial investments in developing and enhancing new features, particularly for wireless sensor networks, which will contribute to the Body Area Network market's substantial growth. Growth and dormant demand for the body area network market have an impact on market participants. Important market developments include new product development, strategic mergers and acquisitions, and building ties with other companies. Key businesses are strategically deciding how to increase their reach. The Body Area Network sector needs to address design flaws including noise barriers and signal weakness to develop and thrive in the cutthroat market. It also needs to reduce operating costs. For example, Google has effectively concluded the acquisition of Fitbit, a manufacturer of smart wearables. The search giant paid 2.1 billion dollars to acquire Fitbit, a year after the first announcement of the agreement.
The healthcare industry has benefited from the Body Area Network industry's recent provision of remote patient monitoring for conditions like diabetes, heart disease, and glucose levels. Leading companies in the Body Area Network industry, such as Fitbit, Samsung, Apple, Garmin, Huawei, Xiaomi, Bragi, GN Group, and others, are vying for market dominance by investing in Body Area Network R&D to meet growing consumer demand. Sony Corporation is a prominent Japanese manufacturer of consumer electronics products. Its diverse business endeavors encompass the creation of motion pictures, musical compositions, and banking services. It is among the most successful and comprehensive brands in the annals of marketing. The company unveiled the safety platform in 2022. It combined a cloud-based backend solution with a linked wristwatch gadget to give medical facilities and application developers a ready-made framework on which to construct mobile health apps and remote health monitoring systems.
James Park and Eric Freidman created Fitbit, Inc., the business has produced devices that track many factors, such as steps done, sleep quality, calories burned, and other personalized data. Fitbit devices use accelerometers to assist in detecting motion in people. Fitbit Inc.'s 2019 wearable, the Fitbit Aria Air, calculates BMI using its application software and tracks weight with a low-cost Bluetooth scale. In addition to giving users data on their food, exercise, sleep patterns, and pulse, the app also provides a detailed historical trend analysis.
Recent developments
• The Samsung Galaxy Watch4 series, with its advanced health and wellness monitoring functions like body composition analysis and blood oxygen level assessment, was announced by Samsung Electronics Co., Ltd. for release in 2021.
Source (https://news.samsung.com/us/galaxy-watch4-classic-reshaping-smartwatch-experience-unpacked-2021/)
• Abbott Laboratories purchased Walk Vascular, LLC in 2021; the company is a medical device manufacturer that specializes in minimally invasive devices for the treatment of peripheral vascular disease. The purpose of the acquisition was to increase Abbott's offering of therapies for peripheral vascular disease.
Top Companies Market Share in Body Area Network Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
During the projected period, North America is expected to hold the highest share of the body area network market. The market is anticipated to grow as a result of the increasing incidence of chronic illnesses and lifestyle-related disorders, growing healthcare costs, growing consumer desire for improved healthcare services, and escalating government initiatives to support digital health records. The market for body area networks is expanding in North America because of the quick uptake of 3G and 4G networks as well as growing awareness of self-health management.
On the other hand, the need for body area networks is rising in developing Asia-Pacific nations that are modernizing and implementing cutting-edge medical technologies. This is a result of body area network adoption being early. The Asia-Pacific region is anticipated to experience significant changes throughout the forecast period as a result of the robust growth in the adoption of innovative healthcare equipment and the rising prevalence of chronic diseases.
The current report Scope analyzes Body Area Network Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Body Area Network Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Body Area Network Industry growth. Body Area Network market has been segmented with the help of its Device Type, Application Technology, and others. Body Area Network market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The global body area network market has been divided into categories for implantable technology, wearable devices, and other device types. Applications for body area networks usually involve wearable technology. Furthermore, it is projected that the growing body area network will expand during the projected period as demand for wearable healthcare monitoring devices drives market expansion. The market for body area networks has been segmented based on technology, including Bluetooth, Wi-Fi, Zigbee, and others. The Bluetooth segment dominated the global body area network market.
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The segments of the worldwide BAN market include healthcare, fitness, sports, and others. Because of the growing need for healthcare services and the prevalence of chronic illnesses, remote health monitoring is anticipated to dominate the BAN market. With the use of this technology, medical professionals may keep an eye on their patient's blood pressure, heart rate, and blood glucose levels from a distance and offer prompt aid when required. Throughout the forecast period, the BAN market is anticipated to rise rapidly due to the increasing application of wearable technology in a variety of industries, including medical & healthcare, fitness & wellness, and remote health monitoring. The expanding trend of individualized therapy, the prevalence of chronic diseases, and the use of remote patient monitoring systems are the main factors driving the need for BAN devices in the healthcare sector. Fitness and wellness gadgets will work better and be accepted by the public more widely if BAN devices are integrated with smartphones and smartwatches.
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Technology-based market segmentation for body area networks comprises Bluetooth low energy (BLE), Zigbee, Wi-Fi, and other technologies. The most dependable technology is Bluetooth low energy (BLE), which will have more than half of the body area market share in 2022—a projected USD 5.2 billion. In the expanding market for body area networks, Wi-Fi is the technology category that has gained traction the quickest. The market for body area networks will be significantly impacted by the ongoing advancements in signals, which will enable safer and more effective transmission.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
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The Global Body Area Network Market is witnessing significant growth in the near future.
In 2023, the Implantable Devices segment accounted for noticeable share of global Body Area Network Market and is projected to experience significant growth in the near future.
The Healthcare segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Fujitsu Limited , Renesas Electronics Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Device Type | Implantable Devices, Wearable Devices, Smartwatches, Fitness Bands, Others |
Application | Healthcare, Sports, Fitness, Others |
Technology | Bluetooth, Wi-Fi, ZigBee, Others |
List of Competitors | Fujitsu Limited, Intel Corporation, Renesas Electronics Corporation, Abbott Laboratories, Ericsson, Telefonica, IBM Corporation, Jawbone, Bluetooth SIG, General Electric, ST Microelectronics. |
This chapter will help you gain GLOBAL Market Analysis of Body Area Network. Further deep in this chapter, you will be able to review Global Body Area Network Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Device Type Analysis 2019 -2031, will provide market size split by Device Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Device Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Technology Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Body Area Network market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Implantable Devices have a significant impact on Body Area Network market? |
What are the key factors affecting the Implantable Devices and Wearable Devices of Body Area Network Market? |
What is the CAGR/Growth Rate of Healthcare during the forecast period? |
By type, which segment accounted for largest share of the global Body Area Network Market? |
Which region is expected to dominate the global Body Area Network Market within the forecast period? |
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