Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Body Area Network Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Body Area Network Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Body
Area Network Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Body Area Network Market is offered. In accordance with the report, the global
Body Area Network Market is projected to
expand at a CAGR of 25.23% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Body Area Network (BAN) is a short-range wireless network of sensors
operating in, on and around the human body. These sensors operating in BAN can
either be wearable and/or implantable. Healthcare information from these
sensors are sent to servers, which can be either personal or central. BANs can
be either Intra-BAN or Inter-BAN. In Intra-BAN, communication occurs between
wireless sensors and personal communication devices. In Inter-BAN communication
occurs between wireless sensors and centralized servers. Sensors that are used
in BAN are classified into three types: Physiological, Bio-kinetic and Ambient.
Physiological sensors measure blood pressure, glucose level, body temperature,
blood oxygen, etc. Bio-kinetic sensors measure angular rotation and acceleration
of human body movement. Ambient sensors measure environmental parameters such
as temperature, humidity, sound pressure, light among others
Rising population of people above 65 years across the globe is
driving growth of body area networks. Global elderly (over 65 years) population
growth is growing at a CAGR of 3% per annum from 2010 till 2016. For UK, the
population is growing at a CAGR of 2.4% per annum from 2010-2016. This
situation requires high healthcare expenditure by governments. BAN devices
helps in continuous monitoring of individuals and lowers the footfall in
hospitals reducing government healthcare expenditure outlay. BAN devices can
provide continuous monitoring of health of patients with chronic conditions.
Globally there is an increasing number of elderly people suffering from long
term ailments. There is leading to the rise in BAN devices which reduces
government healthcare expenditure
BAN consists of wearable and implant devices where wearable devices
holds the lion share. Global wearable devices market is anticipated to grow
from 64 million in 2015 to 359 millions in 2019 growing at a CAGR of ~54.0%
from 2015-2019. Rising number of wearables is increasing the adoption of body
area networks. In global wearable's market smart watch and wrist band hold
~90.6% market share in 2015. Millennial having high disposable income and
health conscious are increasingly using wearable devices. This is also
increasing the adoption of body area networks. Sensitive physiological
information of body area network device users are transmitted through
communication networks. Unethical hacking of the network will lead to
availability and unauthorized use of personal information. This is a major
concern for users of body area network. Body area networks are short networks
and operate at very low power. This partially makes the system secure as
network’s weak signal’s are undetectable at long distances.
Segment Covered:
This market
intelligence report on the global Body Area Network Market encompasses market segments based on technology, devices,
end-use industry and country.
In terms of technology, the global Body Area Network Market is segregated
into:
·
Bluetooth
·
ZigBee
·
Wi-Fi
·
Others
By devices, the global Body Area Network Market is also
classified into:
·
Wearable Devices
·
Implant Devices
By end use industry, the global Body Area Network Market is also
classified into:
·
Healthcare
·
Sports
·
Others
By country/region, the global Body Area Network Market has been divided
into:
·
North America
(the U.S., Canada),
·
Latin America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and Africa (GCC, South Africa,
Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
·
Abbott
·
Ericsson AB
·
Fujitsu
·
GE Company
·
Bluetooth SIG
·
IBM
·
Intel
Corporation
·
Telefonica SA
·
STMicro
·
Renesas
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Body area etwork related investment & spending
and developments by major players of the market are tracked in this global
report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Body Area Network Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account
2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Body Area Network Market is done by taking into account various parameters such
as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as IBM, STMicro,
Fujitsu, Intel among others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Body Area Network caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Body
Area Network Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Body Area Network Market
v
Identification
of key factors driving investment opportunities in the Body Area
Network Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants