Body Area Network Market to reach a market size of $17 billion by 2025

NEW YORK - Oct. 31, 2019 - PRLog -- 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/

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

US

Canada

Mexico

Rest of North America

Europe

Germany

UK

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