Body Area Network Market 2030
PORTLAND, OR, UNITED STATES, March 10, 2023 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled, “Body Area Network Market by Device Type, Component, Connectivity, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global body area network market size was valued at $10.29 billion in 2020, and is projected to reach $30.24 billion by 2030, registering a CAGR of 11.6%. Asia-Pacific is expected to be the leading contributor toward the market during the forecast period, followed by Europe and LAMEA.
The report offers an insightful analysis of the Body Area Network Market 2023-2030 based on revenue size, share, sales estimation, and key drivers. The report also includes detailed statistics on the opportunities, restraints, and drivers that have a direct impact on the market growth. On the basis of key product offerings, the market study further promotes a sustainable market scenario. At the same time, it concentrates on evaluating the market extent of four major regions including North America, Asia-Pacific, Europe, and LAMEA. However, Porter’s five forces analysis of the Body Area Network Market focuses on the power of suppliers and buyers to help stakeholders make decisions that will increase profits and build up their supplier-buyer network.
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The study highlights the plans and policies adopted by the topmost industry players to maintain their position in the Body Area Network Market by making them operational players in that sector. The market leaders have been carefully evaluated based on their revenue size, service/product portfolio, regional presence, important plans & policies, and overall market growth contribution. The primary research contains a thorough and exhaustive discussion with a global participant, while the secondary research includes a large volume of product or service descriptions.
Competitive Landscape:
The key players of the global Body Area Network Market examined in the report include Apple Inc., Fitbit, Inc., Fossil Group, Inc., Garmin Ltd., Google LLC (Alphabet Inc.), Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Sensoria Inc., TomTom International B.V., and Xiaomi Corporation
The market report includes an in-depth analysis of significant business developments, including the introduction of new product launches, partnerships, mergers & acquisitions, joint ventures, expansion, and others. The study accurately distinguishes their relative share, company profiles, product choices, business perspectives, and revenue shares. The research report also includes a thorough analysis of all the global trends and technologies.
The growth of the global body area network market share is anticipated to be driven by factors such as increase in use of smart devices for tracking physical fitness, and rapid developments in medical devices & communication technologies. In addition, surge in government support and rise in sales of smartwatches and smart bands boost the overall market growth. However, concerns in regards to security and privacy act as major restraints of the global body area network industry. On the contrary, high demand from Asia-Pacific region, is expected to create lucrative opportunities for the body area network industry.
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Investment research:
The Global Body Area Network Market Report also examines upcoming business opportunities across the industry. These minute details ensure that shareholders are fully informed of the current investment prospects of the market.
Key areas covered in the global Body Area Network Market report:
1. Recent developments and trends.
2. Drivers, restraints, and opportunities of the market.
3. Leading market players and their shareholdings.
4. Covid 19 impact on the market.
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings
2.1.1.Top impacting factors
2.1.2.Top investment pockets
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Porter’s five forces analysis
3.3.Patent analysis
3.3.1.Body Area Network patent analysis, by region (2012-2021)
3.3.2.Body Area Network patent analysis, by applicant
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1.Surge in health awareness among the consumers
3.4.1.2.Increased penetration of AI in healthcare industry
3.4.1.3.Advancement of IoT and integration of wireless technology
3.4.2.Restraint
3.4.2.1.High initial cost of body area network devices
3.4.3.Opportunities
3.4.3.1.Rise in investment on building connected ecosystem
3.5.COVID-19 impact analysis
3.5.1.COVID-19 outbreak
3.5.2.Impact on market size
3.5.3.Parent industry impact
3.5.4.Key player strategies to tackle negative impact
3.5.4.1.Limiting cuts to R&D expense
3.5.4.2.Focusing on next-generation products
3.5.4.3.Shifting toward agile supply chain model
3.5.5.Opportunity window
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