Body sensors are a device which when used externally or internally helps to track the body measurements and activities. The body sensor market is growing at a fast pace because of growing benefits of wearable devices in the healthcare industry.
There is a research and development activity going on in the Internet of Things (IoT) technology, Augmented Reality (AR) and Man-to-Machine (M2M) which is favoring the body sensors market growth. In addition, sports professionals or physically disabled people also need body sensors to keep a track of their body activities which is driving the market growth.
This report studies the current and future aspects of the body sensor market.
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KEY PREMIUM INDUSTRY INSIGHTS
- The global body sensor market is growing at a fast pace during the forecasted period mainly because of increasing geriatric population which needs constant care and monitoring, rising number of fitness conscious population, and rising number of smartphones and smart wearable.
- There is an increase in customer preference towards smaller and smarter sensors which is creating newer growth opportunities for the body sensors market. However, there are challenges in the supply chain and distribution channel which is acting as a major market restraining factor.
- Moreover, factors like privacy and security concerns, regulatory issues and high product costs are hampering the potential growth of the body sensor market.
The global body sensor market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The North America region holds the highest market share and is the largest revenue contributor of body sensor market.
The region continues to dominate the global market during the forecasted period because of high adaptability to new technology in developed countries like U.S. and Canada. Next in line is the Asia Pacific region which is witnessing a steady market growth due to the rising geriatric population.
KEY MARKET PLAYERS
Key players in the body sensor market include:
- Apple Inc.
- Fitbit, Inc.
- Abbott Laboratories
- Koninklijke Philips N.V.
- NXP Semiconductors NV
- STMicroelectronics NV
- Texas Instruments Incorporated, Analog Devices, Inc.
- Garmin Ltd.
- Broadcom Ltd.
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