Market Snapshot

Market Snapshot

Global Body Area Network Market is poised to report a 7.43% during 2020-2026. Smart watches and smart bands are gaining popularity among consumers due to their uses in fitness tracking. Application processors are used widely in several wearable devices, including activity monitors, smart watches, and smart wristbands. These account for the largest market share during the forecast period. North America to account the largest share of the body area network market during the forecast period.

Market Overview

Market Overview

Global Body Area Network Market is increasing due to wide usage of smart devices for tracking physical fitness coupled with rapid advancements in medical devices and communication technologies, supportive government and hospital initiatives to promote digital healthcare. The increasing importance of remote health monitoring is generating a vast growth opportunity for companies in the body area network market.

Wearable devices segment is improving due to increasing penetration of smart devices that include smart watches, fitness trackers, implantable devices. Growing prevalence of chronic diseases and lifestyle-related disorders along with increasing healthcare costs, and escalating demand for better healthcare services are driving the growth of the market in future.

Application processors are the dominating segment of body area network market due to increasing multimedia features in wearable devices like smart watches and is accelerating the need for additional internal memory. These factors contribute to a higher market share of application processors and memory modules in the body area network market.

North America body area network is the dominating region owing to rising government initiatives to promote digital health records, increasing penetration of 3G and 4G networks, and rising awareness about self-health management

The market players are adopting progressive strategies to leverage the opportunities of the market. Companies are focusing on innovative strategies to compete in the market space. For instance, in Sept 2019, Apple introduced Research app in its Watch Series 5 with the plans to oversee three medical studies such as hearing health, women’s health in relation to menstrual cycles and reproduction, and heart health and mobility which focuses on women health

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Market Segmentation

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Table of Contents

Table of Contents

1. Research Methodology and Scope

2. Executive Summary

3. Impact of COVID-19 on Body Area Network Market

4. Market Dynamics

        4.1 Drivers

        4.2 Restraints

        4.3 Porters Five Forces Analysis

5. Competitive Landscape

        5.1 Key Strategies Adopted by Major Companies

6. Body Area Network Market Segmentation by Device Type

        6.1 Wearable Device

        6.2 Implantable Device

7. Body Area Network Market Segmentation by Component Type

        7.1 Displays

        7.2 Application Processors, Memory Modules, and Pulse Generators

        7.3 Electro Mechanisms

        7.4 Communication and Interface Components

        7.5 Power Management Units

        7.6 Sensors

        7.6 Others

8. Body Area Network Market Segmentation by Application

        8.1 Medical Fitness and Sports Applications

        8.2 Security

        8.3 Military

9. Body Area Network Market by Geography

        9.1 North America

                 9.1.1 United States

                 9.1.2 Canada

                 9.1.3 Mexico

        9.2 Europe

                 9.2.1 United Kingdom

                 9.2.2 France

                 9.2.3 Italy

                 9.2.4 Germany

                 9.2.5 Rest of Europe

        9.3 Asia-Pacific

                 9.3.1 China

                 9.3.2 India

                 9.3.3 Japan

                 9.3.4 Australia

                 9.3.5 Rest of Asia-Pacific

        9.4 South America

                 9.4.1 Brazil

                 9.4.2 Rest of South America

        9.5 Middle East and Africa

10. Body Area Network Company Profiles

        10.1 Apple

        10.2 Fitbit

        10.3 Samsung

        10.4 Garmin

        10.5 Fossil

        10.6 Casio

        10.7 Huawei

        10.8 LG Electronics

        10.9 Medtronic

        10.10 Xiaomi

11. Appendix

Research Methodology

Porter Five Forces Analysis

Major Players

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