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Body Area Network Market Trend Analysis, Review, Growth and Forecast 2024

Body Area Network Market by Device Type (Wearable, Implantable), Component (Displays, Application Processors, Memory, Electromechanicals, Interfaces, Sensors), Application (Medical, Fitness & Sports, Security, Military), and Region - Global Forecast to 2024

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Body Area Network Market Trend Analysis, Review, Growth and Forecast 2024

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  1. MarketsandMarkets Presents The Body Area Network Market is projected to grow from USD 9.1 billion in 2019 to USD 15.8 billion by 2024; it is expected to record a compound annual growth rate (CAGR) of 11.7%. Increased use of smart devices for tracking physical fitness and its availability at low-cost are major driving factors of the market. Utilization of advanced technologies to reduce the growing healthcare expenditure and adoption of IoT in healthcare applications provide an opportunity for the market.

  2. MarketsandMarkets Presents Wearable devices to hold a major share of the Body Area Network Market during the forecast period Wearable devices are expected to lead the Body Area Network Market. This is mainly because of rapid growth in adoption of smartwatches and smart bands in sports and fitness applications across various countries. These devices help users to keep a tab on their activities such steps and calculate the distance covered by walking and running every day. Based on the information gathered through sensors, these fitness tracking devices can calculate and report accurate data on calories that users have burned on each day and also monitors sleep and heart rate. Hence, increasing preference for wearable devices for fitness application drives the growth for Body Area Network Market.

  3. MarketsandMarkets Presents Medical, Fitness, & Sports Application to grow at the highest CAGR during the forecast period for Body Area Network Market Increasing demand for wearable as well as implantable devices in medical applications such as remote health monitoring, telemedicine, and assisted living, while the popularity of wearable devices for fitness, & sports applications are some of the major factors affecting the growth of the market. Also, the availability of a wide range of these wearable devices at an affordable cost supports market growth. Download PDF Sample @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=120804837

  4. MarketsandMarkets Presents North America to exhibit the largest market share for Body Area Network through the course of the forecast period Factors such as increasing penetration of smart devices such as smartwatches, fitness trackers, implantable devices; rising prevalence of chronic diseases and lifestyle-related disorders, growing healthcare costs, and escalating demand for better healthcare services drives the growth of body area network market in North America. Apple, Fitbit, Garmin, Fossil, and Medtronic are among the major players of the Body Area Network Market in North America.

  5. MarketsandMarkets Presents Key Players Apple Inc. (US), Fitbit (US), Samsung Electronics Co., Ltd. (South Korea), Garmin Ltd. (US), Fossil Group, Inc. (US), Xiaomi Corporation (China), Huawei Technologies Co., Ltd. (China), Casio Computer Co., Ltd. (Japan), LG Electronics Inc. (South Korea), Medtronic plc (US), Bragi (Germany), Polar Electro Oy (Finland), Mobvoi Information Technology Company Limited (China), GOQii (US), Suunto Oy (Finland), Withings (France), AsusTek Computer Inc. (Taiwan), Abbott Laboratories (US), Huami Corporation (China), and Matrix Industries (US) are among a few major players in the Body Area Network Market. For More Details - https://www.marketsandmarkets.com/Market-Reports/body-area-network-market-120804837.html

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

  7. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/body-area-network.asp

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