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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Date: 05-Sep-2019
No. of pages: 142
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“Increasing importance of wearable devices to drive the growth of the body area network market”

The body area network (BAN) market is projected to grow from USD 9.1 billion in 2019 to USD 15.8 billion by 2024, recording a CAGR of 11.7%. The body area network market is driven by various factors, such as the increased use of smart devices for tracking physical fitness, rapid advancements in medical devices, and promotion of digital healthcare through supportive government & hospital initiatives. However, constraints such as security of huge volumes of sensitive data may hinder the growth of the market.

“Based on applications, medical, fitness, and sports is likely to be the fastest-growing application during 2019-2024”

Body area network has a broad scope of use in medical application. The increasing importance of remote health monitoring is generating a vast growth opportunity for players in the body area network market. The information gathered from body sensors can be processed to obtain reliable and accurate physiological estimations that allow distant doctors to offer real-time opinions on the medical diagnosis and precise prescription. Also, the features of smart devices such as monitoring of parameters which includes sleep, calories burnt, heart rate, fall detection, and blood pressure along with activity tracking such as walking, running, swimming, and strength training are propelling the body area network market. Therefore, the demand for medical, fitness, and sports applications is expected to hold a major share of the market by 2024.

APAC to record the highest growth rate in the body area network market during the forecast period”

APAC is likely to be the fastest-growing region for the body area network market in the coming years. Leading players offering wearable devices such as Samsung (South Korea), Huawei (Japan), LG (South Korea), and Xiaomi (China) are based in APAC. Rising healthcare costs, increasing error occurrence, and growing demand for better healthcare services have made it imperative for healthcare organizations to integrate medical devices and medical diagnosis apps in APAC.

Body area network market in China contributes largely to the APAC market and is likely to grow at the highest CAGR in APAC during the forecast period. Significant rise in the healthcare expenditure of China, increasing rate of aging population, and collaborative initiatives by the Chinese government and industry players are the factors that drive the body area network market in China. Other countries that show significant growth in APAC are Japan and South Korea.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the body area network market place.


  • By Company Type: Tier 1-30%, Tier 2-45%, and Tier 3-25%

  • By Designation: C-Level Executives-35%, Directors-40%, and Managers-25%

  • By Region: North America-20%, Europe-25%, APAC-45%,and RoW -10%


Major players in the body area network market include 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).

The study includes an in-depth competitive analysis of these key players in the body area network market, with their company profiles, recent developments, and key market strategies.

Research Coverage

The report defines, describes, and forecasts the body area network market based on device type, components, application, and geography. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the body area network market. It also analyzes competitive developments such as collaborations, agreements, contracts, partnerships, mergers &acquisitions, and product launches & advancements carried out by the key players to grow in the market.

Key Benefits of Buying the Report

The report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall body area network market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis(Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis(Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Body Area Network Market
4.2 Body Area Network Market, By Component and Region
4.3 Country-Wise Body Area Network Market Growth Rate

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Use of Smart Devices for Tracking Physical Fitness
5.2.1.2 Rapid Advancements in Medical Devices and Communication Technologies
5.2.1.3 Supportive Government and Hospital Initiatives to Promote Digital Healthcare
5.2.1.4 Easy Availability of Low-Cost Fitness-Tracking Gadgets
5.2.2 Restraints
5.2.2.1 Social Refrain Due to the Threat of Invasion of Privacy
5.2.3 Opportunities
5.2.3.1 Utilization of Advanced Technologies to Reduce Constantly Increasing Healthcare Expenditure
5.2.3.2 Adoption of IoT in Healthcare Applications
5.2.4 Challenges
5.2.4.1 Securing Huge Volumes of Sensitive Data

6 Body Area Network Market, By Device Type
6.1 Introduction
6.2 Wearable Devices
6.2.1 Smart Bands
6.2.1.1 Rising Awareness About Fitness Monitoring Among Users Accelerating Demand for Smart Bands
6.2.2 Smartwatches
6.2.2.1 Growing Importance of Monitoring Health Parameters Encouraging Users to Adopt Smartwatches
6.2.3 Smart Earphones
6.2.3.1 Rapid Innovations in Designing Smart Earphones for Fitness and Health Monitoring Surge Adoption of Smart Earphones
6.3 Implantable Devices
6.3.1 Advances in Medical Applications and Communication Technologies Propel Market Growth

7 Body Area Network Market, By Component
7.1 Introduction
7.2 Displays
7.2.1 OLED Displays Gaining Traction for Smart Bands and Smartwatches
7.3 Application Processors and Memory Modules, and Pulse Generators
7.3.1 Application Processors and Memory Modules, and Pulse Generators Likely to Continue to Command Ban Market
7.4 Electromechanicals
7.4.1 Necessity of Electromechanical Components to Ensure Support and Rigidity of Complete Device
7.5 Communication and Interface Components
7.5.1 Importance of Communiaction and Interface Components to Transmit Data to Different Devices
7.6 Power Management Units
7.6.1 Implementation of Advanced Power Management Components to Meet Rising Demand of End Users for Enhanced Battery Life
7.7 Sensors
7.7.1 Utilization of Sensors to Monitor Different Health Parameters Including Heart Rate and Body Temperature
7.8 Others

8 Body Area Network Market, By Application
8.1 Introduction
8.2 Medical, Fitness, and Sports Application
8.2.1 Medical
8.2.1.1 Increasing Importance of Remote Health Monitoring Generating Huge Opportunity for Players in Ban Market
8.2.2 Fitness
8.2.2.1 Rising Health Awareness and Availability of Low-Cost Smart Bands Boosting Ban Market Growth
8.2.3 Sports
8.2.3.1 Growing Adoption of Wearable Technology in Sports Offers Lucrative Growth Opportunities for Ban Market
8.3 Security
8.3.1 Technological Advancements in Smartwatches Enable Its Use for Security Applications
8.4 Military
8.4.1 Body Area Network Devices Used for Monitoring Health Parameters of Soldiers

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US Market Growth Driven By Early Adoption of Wearables and Connected Devices in Medical and Fitness Applications
9.2.2 Canada
9.2.2.1 Accelerated Market Growth in Canada Owing to High Need to Reduce Healthcare Costs
9.2.3 Mexico
9.2.3.1 Digitization in Healthcare Through Government Initiatives to Create Growth Opportunities
9.3 Europe
9.3.1 Germany
9.3.1.1 Increasing Geriatric Population Leads to Rise in Demand for Remote Health Monitoring and Telemedicine
9.3.2 UK
9.3.2.1 Use of Wearables in Medical Applications Accelerates Demand for Ban Devices in Country
9.3.3 France
9.3.3.1 Demand for Wearables to Track Personal Fitness Driving the Market Growth
9.3.4 Italy
9.3.4.1 Health Management Programs Focusing on Efficient Patient Monitoring Propels Italian Market Growth
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 Remote Patient Monitoring, Telemedicine, Assisted Living, and Health Monitoring Applications to Surge Demand for Wearable Devices
9.4.2 Japan
9.4.2.1 Supportive Government Initiatives for Modernization of Healthcare to Create Growth Opportunity for Ban Market
9.4.3 South Korea
9.4.3.1 Efforts By Leading Players to Offer Different Types of Wearables Promote Use of Ban Devices
9.4.4 India
9.4.4.1 Inclination Toward the Use of Wearables and E-Health Solutions to Drive Ban Market Growth
9.4.5 Rest of APAC
9.5 RoW
9.5.1 South America
9.5.1.1 Increasing Trends of Digital Health to Provide Opportunity for the Market
9.5.2 Middle East and Africa
9.5.2.1 Rising Adoption of Advanced Communication Technologies to Boost Demand for Ban Devices

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.2.1 Product Launches
10.2.2 Collaborations and Partnerships
10.2.3 Expansions
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Players

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 Introduction
11.2 Key Players
11.2.1 Apple
11.2.2 Fitbit
11.2.3 Samsung
11.2.4 Garmin
11.2.5 Fossil
11.2.6 Casio
11.2.7 Huawei
11.2.8 LG Electronics
11.2.9 Medtronic
11.2.10 Xiaomi
11.3 Other Key Players
11.3.1 Abbott Laboratories
11.3.2 Asus
11.3.3 Bragi
11.3.4 Goqii
11.3.5 Huami Corporation
11.3.6 Matrix Industries
11.3.7 Mobvoi
11.3.8 Polar Electro
11.3.9 Suunto
11.3.10 Withings

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables

Table 1 Market, By Device Type, 2016–2024 (USD Million)
Table 2 Market for Wearable Devices, By Region, 2016–2024 (USD Million)
Table 3 Market for Wearable Devices, By Component, 2016–2024 (USD Million)
Table 4 Market in North America for Wearable Devices, By Component, 2016–2024 (USD Million)
Table 5 Market in Europe for Wearable Devices, By Component, 2016–2024 (USD Million)
Table 6 Market in APAC for Wearable Devices, By Component, 2016–2024 (USD Million)
Table 7 Market in RoW for Wearable Devices, By Component, 2016–2024 (USD Million)
Table 8 Market for Wearable Devices, By Application, 2016–2024 (USD Million)
Table 9 Wearable Body Area Network Market for Medical, Fitness, and Sports Application, By Region, 2016–2024 (USD Million)
Table 10 Market for Implantable Devices, By Region, 2016–2024 (USD Million)
Table 11 Market for Implantable Devices, By Component, 2016–2024 (USD Million)
Table 12 Market in North America for Implantable Devices, By Component, 2016–2024 (USD Million)
Table 13 Market in Europe for Implantable Devices, By Component, 2016–2024 (USD Million)
Table 14 Market in APAC for Implantable Devices, By Component, 2016–2024 (USD Million)
Table 15 Market in RoW for Implantable Devices, By Component, 2016–2024 (USD Million)
Table 16 Implantable Body Area Network Market for Medical, Fitness, and Sports Application By Region, 2016–2024 (USD Million)
Table 17 Market, By Component, 2016–2024 (USD Million)
Table 18 Market for Displays, By Region, 2016–2024 (USD Million)
Table 19 Market for Application Processors and Memory Modules, and Pulse Generators, 2016–2024 (USD Million)
Table 20 Market for Application Processors and Memory Modules, By Region, 2016–2024 (USD Million)
Table 21 Market for Pulse Generators, By Region, 2016–2024 (USD Million)
Table 22 Market for Electromechanicals, By Region, 2016–2024 (USD Million)
Table 23 Market for Communication and Interface Components, By Region, 2016–2024 (USD Million)
Table 24 Market for Power Management Units, By Region, 2016–2024 (USD Million)
Table 25 Market for Sensors, By Region, 2016–2024 (USD Million)
Table 26 Market for Other Components in Wearable Devices, By Region, 2016–2024 (USD Million)
Table 27 Market for Other Components in Implantable Devices, By Region, 2016–2024 (USD Million)
Table 28 Market, By Application, 2016–2024 (USD Million)
Table 29 Market for Medical, Fitness, and Sports Application, By Region, 2016–2024 (USD Million)
Table 30 Market for Security Application, By Region, 2016–2024 (USD Million)
Table 31 Market for Military Application, By Region, 2016–2024 (USD Million)
Table 32 Market, By Region, 2016–2024 (USD Million)
Table 33 Market in North America, By Country, 2016–2024 (USD Million)
Table 34 Market in North America, By Component, 2016–2024 (USD Million)
Table 35 Market in North America, By Application, 2016–2024 (USD Million)
Table 36 Market in North America for Wearable Devices, By Application, 2016–2024 (USD Million)
Table 37 Market in North America for Medical, Fitness, and Sports Application, By Country, 2016–2024 (USD Million)
Table 38 Market in North America for Military Application, By Country, 2016–2024 (USD Million)
Table 39 Market in North America for Security Application, By Country, 2016–2024 (USD Million)
Table 40 Market in Europe, By Country, 2016–2024 (USD Million)
Table 41 Market in Europe, By Component, 2016–2024 (USD Million)
Table 42 Market in Europe, By Application, 2016–2024 (USD Million)
Table 43 Market in Europe for Wearable Devices, By Application, 2016–2024 (USD Million)
Table 44 Market in Europe for Medical, Fitness, and Sports Application, By Country, 2016–2024 (USD Million)
Table 45 Market in Europe for Military Application, By Country, 2016–2024 (USD Million)
Table 46 Market in Europe for Security Application, By Country, 2016–2024 (USD Million)
Table 47 Market in APAC, By Country, 2016–2024 (USD Million)
Table 48 Market in APAC for Wearable and Implantable Devices, By Component, 2016–2024 (USD Million)
Table 49 Market in APAC, By Application, 2016–2024 (USD Million)
Table 50 Market in APAC for Wearable Devices, By Application, 2016–2024 (USD Million)
Table 51 Market in APAC for Medical, Fitness, and Sports Application, By Country, 2016–2024 (USD Million)
Table 52 Market in APAC for Military Application, By Country, 2016–2024 (USD Million)
Table 53 Market in APAC for Security Application, By Country, 2016–2024 (USD Million)
Table 54 Market in RoW, By Region, 2016–2024 (USD Million)
Table 55 Market in RoW, By Component, 2016–2024 (USD Million)
Table 56 Market in RoW, By Application, 2016–2024 (USD Million)
Table 57 Market in RoW for Wearable Devices, By Application, 2016–2024 (USD Million)
Table 58 Market in RoW for Medical, Fitness, and Sports Application, By Region, 2016–2024 (USD Million)
Table 59 Market in RoW for Military Application, By Region, 2016–2024 (USD Million)
Table 60 Market in RoW for Security Application, By Region, 2016–2024 (USD Million)
Table 61 Product Launches, 2018–2019
Table 62 Collaborations and Partnerships, 2018–2019
Table 63 Expansions, 2018

List of Figures

Figure 1 Market Segmentation
Figure 2 Market: Process Flow of Market Size Estimation
Figure 3 Market: Research Design
Figure 4 Market: Bottom-Up Approach
Figure 5 Market: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions for Research Study
Figure 8 Wearable Devices to Account for Larger Share of Market in 2024
Figure 9 Medical, Fitness, and Sports Application to Witness Largest Share of Ban Market in 2024
Figure 10 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 11 Growing Adoption of Smartwatches and Smart Bands Worldwide to Drive Market for Body Area Network Devices
Figure 12 APAC to Account for Largest Share of Body Area Network Market, By Region, in 2024
Figure 13 Market in China to Grow at Fastest CAGR During Forecast Period
Figure 14 Ban Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Wearable Devices to Hold Larger Size of Market in 2024
Figure 16 Application Processors and Memory Modules Expected to Continue to Command Market for Wearable Devices From 2019 to 2024
Figure 17 Pulse Generators Would Lead Body Area Network Market for Implantable Devices in 2024
Figure 18 Application Processors and Memory Modules, and Pulse Generators to Hold Largest Market Size in 2024
Figure 19 APAC to Witness Highest CAGR in Body Area Network Market for Displays During Forecast Period
Figure 20 North America to Register Largest Size of Body Area Network Market for Application Processors and Memory Modules in 2024
Figure 21 Market in APAC for Electromechanicals to Record Highest CAGR During Forecast Period
Figure 22 North America to Account for Largest Size of Body Area Network Market for Communication and Interface Components in 2024
Figure 23 Medical, Fitness, and Sports Application Expected to Exhibit Highest CAGR in of Market During Forecast Period
Figure 24 Market in APAC for Medical, Fitness, and Sports Application to Grow at Highest CAGR During Forecast Period
Figure 25 APAC to Exhibit Highest CAGR in Market During 2019–2024
Figure 26 Market Snapshot in North America
Figure 27 Market Snapshot in Europe
Figure 28 Market Snapshot in APAC
Figure 29 Organic and Inorganic Strategies Adopted By Companies Operating in Market
Figure 30 Market Player Ranking, 2018
Figure 31 Market (Global) Competitive Leadership Mapping (2018)
Figure 32 Apple: Company Snapshot
Figure 33 Fitbit: Company Snapshot
Figure 34 Samsung: Company Snapshot
Figure 35 Garmin: Company Snapshot
Figure 36 Fossil: Company Snapshot
Figure 37 Casio: Company Snapshot
Figure 38 Huawei: Company Snapshot
Figure 39 LG Electronics: Company Snapshot
Figure 40 Medtronic: Company Snapshot
Figure 41 Xiaomi: Company Snapshot

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