Global market for body area network will likely clock a robust CAGR of 24.7% from 2017 to 2025. Expanding at this pace, the market is expected to become worth US$62,120.9 mn by 2025.
Presently, the body area network market is seeing swift interest in the domain of healthcare. This is because real time data focusing on patients is required, and this is achieved through useful tools needed by doctors to carefully diagnose patients.
Furthermore, sports and military are some other domains which utilize the benefits of body area network. To study in-depth, Market Research Hub (MRH) has added a new report titled “Body Area Network Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, to its vast storehouse of research reports.
As per active research analytics, it is noted that the global market for body area network is expected to deliver a robust CAGR of 24.7% during the period 2017-2025. Moving at this pace, the target market is likely to acquire a value of US$62,120.9 mn by 2025.
This research report offers a clear insight about the prevailing trends and innovations happening in the body area network market. Readers can access details about research highlights and executive summary to gain a better idea about this assessment.
The market overview covers key industry developments and market opportunity map. Further, market dynamics such as drivers, restraints and opportunities can be accessed from this section.
Interestingly, knowledge about Porter’s Analysis is available to get familiar with the competitive scenario present in the global market.
It has been observed that, as a result of continuous improvement in healthcare services worldwide, life expectancy of humans have increased. Hence, this is causing a rise in elderly population across various nations.
This is where body area network systems prove advantageous. These devices help in continuous observations of individuals outside home, care homes, hospital, ambulances,.
The later section of the report discusses the market segmentation; the global body area network sector is divided and studied on the basis of technology adoption, end-use industry, devices used and geography. Based on communication technologies adopted, the concerned market is categorized into Bluetooth, ZigBee, Wi-Fi and other communication technologies.
Focusing on the end-use type, the end-use industry concerning body area network include healthcare industry, sports industry, user authentication, military, electronic bill payment, automotive and user authentication.
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The regional segmentation focuses on the prime market regions, namely, North America, Europe, Asia-Pacific, South America and Middle East and Africa (MEA). Each of these regions are studied while keeping strong attention on market size (US$ Mn), market value share and market attractiveness.
Readers can receive details about the competitive landscape which forms the final section of the report. IBM Corporation, Telefonica SA, Bluetooth SIG, General Electric Company (GE), Jawbone Inc and ST Microelectronics, are some of the leading players mentioned in the report.
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