Albany, New York, March 23, 2018: A new research study titled “Body Area Network Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has recently been added to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global body area network market is likely to grow at over 24.7% CAGR during the assessment period, and reach over US$ 62 Bn in revenues.
According to the report, adoption of body area network solutions is rapidly growing on account of their applications in healthcare, sports, and military. In the healthcare industry, these tools are being widely used to gain real-time data on patients so as to make an accurate diagnosis. Their adoption in sports and military for training and performance management is likely to create opportunities for growth during the assessment period.
The report segments the global body area network market into devices, end use industry, technology and region. The devices segment is further bifurcated into implant and wearable. The end use industry segment is further sub-segmented into sports, healthcare and others. The technology segment is categorized into ZigBee, Wi-Fi, bluetooth and other. Geographically, the market is divided into key regions globally which are North America, South America, Europe, Asia Pacific and Middle East & Africa.
Among all the technologies available for body area network, the ZigBee technology is expected to witness the highest adoption among end users. The adoption is likely to be robust in the markets of North America and Europe. Among the type of devices, wearable devices account for a higher revenue share of the market. This is on account of higher popularity of wearable devices such as smart and wrist watches.
North America continues to be one of the leading markets for body area network solutions globally. The adoption of body area network in North America is concentrated in the US. The report projects that North America body area network is likely to reach nearly US$ 26 Bn by the end of the forecast period. The adoption of these services is also quite robust in Canada, where a number of technology companies are investing in research and development.
In addition to North America, Asia Pacific is another prominent market for body area network solutions. China, India, Japan, and South Korea are among the leading countries for these solutions. The report projects the Asia Pacific body area network market to grow at 26.2% CAGR during the assessment period.
The report profiles some of the leading players operating in the market. Some of these players are Fujitsu Limited, Abbott Laboratories, Intel Corporation, Renesas Electronics Corporation, IBM Corporation, Ericsson Ab, Telefonica SA, Bluetooth SIG, Jawbone Inc, ST Microelectronics and General Electric Company (GE).
Browse Full Global Body Area Network Market Report with TOC : https://www.mrrse.com/body-area-network-market
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