Global Body Area Network Market to reach a market size of $17 billion by 2025- KBV Research

According to a new report Global Body Area Network Market, published by KBV Research, The Global Body Area Network Market size is expected to reach $17 billion by 2025, rising at a market growth of 11.6% CAGR during the forecast period. Few of the key drivers of the market are accelerated utilization of smart devices to monitor physical fitness and its supply at minimal cost, gradual advances in medical devices along with communication technologies, supporting government and hospital initiatives to promote digital healthcare.

In latest years, worldwide sales of wearables and implantable devices have grown tremendously. Wearable devices accounted for a major share in the revenue of the body area network market. The requirement for wearables attached through body area networks in the sports sector is projected to reach new levels in the years to come. Smart bands, smart watches, and smart earphones are the various technologies emerging in wearable devices.

The North America market dominated the Global Body Area Network Communication and Interface Components Market by Region 2018, growing at a CAGR of 10 % during the forecast period. The Europe market is expected to witness a CAGR of 10.1% during (2019-2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 11.8% during (2019-2025).

Full Report: https://www.kbvresearch.com/body-area-network-market/

The Medical, Fitness, and Sports Application market dominated the Global Body Area Network Market by Application 2018, growing at a CAGR of 10.8 % during the forecast period. The increasing knowledge among users of fitness surveillance is speeding up demand for smart bands. Due to the significance of tracking health parameters, smart watches have gained enormous market traction. The Security market is expected to witness a CAGR of 12.8% during (2019-2025). Additionally, The Military market is expected to witness highest CAGR of 13.4% during (2019-2025).

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Apple, Inc., Samsung Electronics Co., Ltd., LG Corporation (LG Electronics), Medtronic PLC, Abbott Laboratories, Casio Computer Co., Ltd., Huawei Technologies Co., Ltd., Xiaomi Corporation, Fossil Group, Inc., Garmin Ltd. and Fitbit, Inc.

Recent Strategies Deployed in Body Area Network Market

» Product Launches:

Sep-2019: Apple has 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.

Sep-2019: Garmin has introduced all-new GPSMAP 86 handheld series feature-packed addition to its popular marine handheld collection combined with GPS navigation with inReach® satellite communication technology for offering two-way messaging and location tracking technology.

Sep-2019: Garmin has launched Legacy Hero Series, a collection of two special edition GPS smartwatches inspired by Captain Marvel and Captain America: The First Avenger which has advanced features of 24/7 Health Monitoring, On-screen Workouts, Fitness, etc. for smart lives.

Sep-2019: Garmin has released next generation of the vívomove series, the latest collection of hybrid smartwatches which has embedded features of health and fitness tracking data, and smart notifications for text messages, social media updates, calendar reminders and more.

Sep-2019: Garmin has announced the launch of VenuTM – a new GPS smartwatch which broadest available range of 24/7 health monitoring and a vibrant AMOLED screen.

Sep-2019: Garmin has launched vívoactive 4 and 4S GPS smartwatches which has the features of advanced sleep with pulse ox1, Body BatteryTM energy monitoring, abnormal heart rate alerts, new respiration tracking, menstrual cycle tracking, and stress tracking with relax reminders, new hydration tracking and more.

Sep-2019: Huawei has announced the launch of Kirin A1, GT 2 Watch, which has LTE connectivity along with heart rate sensors and GPS in order to monitor activities.

Aug-2019: Fitbit introduced Versa 2, a premium, the next generation voice-enabled lifestyle smartwatch which has the embedded features of sleep like Sleep Score and smart wake, and more advanced fitness, health and smart features for lifting every moment.

Aug-2019: Fitbit released Fitbit Aria Air™, in order to extend the Fitbit Aria™ product family which has low-cost bluetooth scale which tracks syncs and weight with Fitbit app for calculating BMI for providing the view of activity, heart rate, and sleep & nutrition data.

Aug-2019: Fossil launched proprietary nextgen touchscreen smartwatch technology and the latest evolution in hybrid smartwatches for advancement of wearable technology.

Aug-2019: Fossil introduced Vapor X, a new Misfit watch, which has the features of on-device GPS, waterproofing and a heart rate sensor.

Aug-2019: Casio launched PRO TREK WSD-F21HR smartwatch which has a range of sensors for providing the tracking devices to athletes.

Jun-2019: Abbott launched next-generation Confirm Rx insertable cardiac monitor (ICM), smarter heart monitor for better arrhythmia detection.

Mar-2019: Fitbit introduced Fitbit Versa Lite Edition™, Fitbit Inspire HR™, Fitbit Inspire™ and Fitbit Ace 2, four new products which is designed to help make fitness and health accessible to all the consumers over the globe.

Mar-2019: Casio announced the release of new EDIFICE collection of timepieces – the ECB900DB with the features of Tough Solar and Bluetooth Connected technology for personal and professional lifestyles.

Feb-2019: Samsung launched Galaxy Watch Active, Galaxy Fit/Galaxy Fit e and Galaxy Buds, new line-up of Galaxy wearable in order to make wellness goal more convenient.

Sep-2018: Apple launched Apple Watch Series 4 with watchOS 5 which has embedded with advanced communication features.

Sep-2018: LG introduced Watch W7 smartwatch with the features of Wi-Fi 802.11 b/g/n, Bluetooth 4.2, and USB Type-C 2.0 port.

Aug-2018: LG announced the launch of CLOi SuitBot, a wearable robot which has the capability to walk and navigate; also it has automatic adjustment features.

Apr-2018: Casio introduced WSD-F20A smartwatch which has features of GPS, Bluetooth, offline Color Maps, air pressure sensor, accelerometer, compass, and gyroscope for making lives easier.

Nov-2017: Huawei launched Band 2, Band 2 Pro and the Huawei Fit, three new wearable devices which has embedded with heart rate sensor, PMOLED display and fitness tracker for assessing movements and speeds.

» Acquisition and Mergers:

Jul-2019: Apple acquired Intel's Smartphone modem unit in order to supply its own smartphone chips.

Oct-2017: Garmin took over Navionics S.p.A. for developing electronic navigational products and mobile applications.

Feb-2016: Abbott acquired Kalila Medical Inc. for the development of cardiac electrophysiology procedures for the treatment of heart rhythm disorders.

» Partnerships, Collaborations and Agreements:

Sep-2019: Abbott has teamed up with Sanofi for developing tools that combines their respective blood sugar tracking and insulin delivery technologies in order to help people monitoring their health.

Aug-2019: Fitbit collaborated with Singapore’s Health Promotion Board (HPB) in which Singapore's government agency will implement the policies and programs for improving the nation's health.

Jun-2019: Fitbit came into partnership with Cardiogram in order to bring the health monitoring features of Cardiogram to Fitbit users around the world for improving the care management, potentially save lives and empower users.

Apr-2019: Fitbit signed partnership agreement with Snap in order to launch first-ever Bitmoji clock face which dynamically updates accordingly throughout the day based on the personal health and fitness data, time of the day, activity, and weather.

Feb-2019: Casio collaborated with ViewRanger in order to develop and bring more smartwatches in the market.

Feb-2019: Abbott signed partnership agreement with Novo Nordisk for making diabetes management easier by linking technologies of the two companies.

Oct-2018: Fossil came into partnership with CITIZEN Watch Company in order to enhance the production of hybrid smartwatches.

Jul-2018: Fossil and BMW signed partnership agreement for the development of BMW-branded watches and smartwatches.

Apr-2018: Fossil collaborated with PUMA designing, developing and distributing PUMA smartwatches.

Dec-2017: Huawei teamed up with Researchers at Griffith University in Australia in order to develop wearable devices that will help the patients in managing chronic conditions.

Aug-2017: Samsung came into partnership with Brightstar in order to develop a suite of mobile device management (MDM) solutions through Samsung Knox platform.

Apr-2017: Medtronic collaborated with Garmin in order to integrate Garmin's personal activity trackers with Medtronic's remote patient monitoring platform for providing mHealth wearable new value as a home telehealth platform.

Jan-2017: LG came into partnership with Google for developing Android Wear 2.0 smartwatches.

Dec-2016: Medtronic and Fitbit signed partnership agreement in order to integrate physical activity data with blood glucose levels into one streamlined application so that the users can see connection between glucose levels and exercise.

Oct-2016: Huawei signed collaboration agreement with Oviphone in order to launch the world’s first NB-IoT watch which offers smart parking, smart metering or smart waste management features.

Jan-2016: Medtronic teamed up with Medibio for wearable device-based solutions in order to diagnose depression and other mental conditions with the help of electrocardiogram (ECG) and circadian heart rate variability analysis.

» Expansions:

Mar-2019: Huawei expanded its reach to Asia-Pacific by opening a smartwatch business in India focusing on developing new products at lower prices.

Aug-2018: Casio expanded its business by starting the production of smartwatches in its Yamagata Casio unit.

Apr-2018: Casio opened a new subsidiary in Yamagata, Japan focusing on developing countries.

Global Body Area Network Market Segmentation

By Device Type

Wearable Devices

Implantable Devices

By Component

Application Processors & Memory Modules, and Pulse Generators

Communication and Interface Components

Sensors

Displays

Power Management Units

Electromechanicals

Others

By Application

Medical, Fitness, and Sports Application

Security

Military

By Geography

North America

Canada

Mexico

Rest of North America

Europe

Germany

France

Russia

Spain

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific

LAMEA

Brazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled

Apple, Inc.

Samsung Electronics Co., Ltd.

LG Corporation (LG Electronics)

Medtronic PLC

Abbott Laboratories

Casio Computer Co., Ltd.

Huawei Technologies Co., Ltd.

Xiaomi Corporation

Fossil Group, Inc.

Garmin Ltd.

Fitbit, Inc.

Body Area Network Market Related Reports:

North America Market

Europe Market

Asia Pacific Market

LAMEA Market

Global Body Area Network Market to reach a market size of $17 billion by 2025- KBV Research