PUBLISHER: The Business Research Company | PRODUCT CODE: 1702984
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702984
A body area network (BAN) consists of wearable or implantable devices primarily used for medical or health monitoring. These devices, including sensors and actuators, communicate wirelessly with each other and external devices such as smartphones or medical equipment. Body area networks aim to monitor physiological parameters, track health metrics, and provide real-time data for medical diagnosis or personal health management.
The primary components of a body area network are wearable and implantable devices. Wearable devices are electronic gadgets worn on the body, such as smartwatches, fitness trackers, and health monitors. They gather and transmit data on the user's health, activity levels, and other metrics, aiding users in monitoring and improving their well-being. Key components include displays, application processors, memory modules, pulse generators, electromechanical components, communication interfaces, power management units, sensors, and various connectivity options such as Bluetooth, Wi-Fi, ZigBee, among others. End users span healthcare, sports, fitness, and other sectors.
The body area network market research report is one of a series of new reports from The Business Research Company that provides body area network market statistics, including body area network industry global market size, regional shares, competitors with a body area network market share, detailed body area network market segments, market trends, and opportunities, and any further data you may need to thrive in the body area network industry. This body area network research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The body area network market size has grown rapidly in recent years. It will grow from $13.3 billion in 2024 to $14.86 billion in 2025 at a compound annual growth rate (CAGR) of 11.7%. The growth in the historic period can be attributed to the increasing adoption of wearable fitness trackers, growth in the use of smart clothing in sports, the rise of mobile health apps, increased demand for non-invasive health monitoring, and a rise in investments in wearable sensor technologies.
The body area network market size is expected to see rapid growth in the next few years. It will grow to $22.88 billion in 2029 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to rising healthcare costs, increasing aging populations, increasing chronic diseases, increasing demand for personalized medicine, and rising demand for real-time health monitoring solutions. Major trends in the forecast period include technological advancements, integration with AI, and remote patient monitoring, sensor technologies, and data privacy.
The growing demand for smartwatches is expected to drive the expansion of the body area network market in the future. Smartwatches are wearable devices that combine the functionality of a traditional wristwatch with that of a smartphone. The rising demand for smartwatches is fueled by increasing awareness of their health and fitness tracking capabilities, as well as their integration into healthcare systems for remote patient monitoring and early detection of health issues. The body area network utilizes the capabilities of smartwatches to provide comprehensive health monitoring, personalized insights, and seamless connectivity. These features enable users to manage their health proactively and become more engaged in their healthcare journey. For instance, in November 2022, the National Library of Medicine, a U.S.-based government agency, reported that 62.2% of participants used wearable devices for health management, with 29.3% using them daily. Additionally, in January 2022, the Consumer Technology Association, a U.S.-based trade organization, projected smartwatch shipments to generate $7.1 billion in revenue, an 8% increase from 2021. Therefore, the growing demand for smartwatches is driving the growth of the body area network market.
Leading companies in the body area network market focus on advancing wearable technology, including full-body motion tracking. This technology captures and analyzes real-time human body movements or specific activities, enhancing device capabilities within body area networks. Robert Bosch GmbH introduced cutting-edge full-body motion tracking in January 2024, featuring smart connected sensors for superior performance and user experience across diverse applications. This innovative platform integrates advanced sensor technology with seamless connectivity, enabling precise real-time monitoring and analysis of full-body movements. Its user-friendly interface simplifies setup and operation, appealing to both professionals and enthusiasts.
In January 2022, Liesheng Hk Ltd., a China-based electronics manufacturer, acquired Suunto Oy to bolster its global wearable technology market presence. This strategic move expands Liesheng's product range to include advanced sports and fitness tracking devices. Suunto Oy, headquartered in Finland, specializes in manufacturing sports watches, dive computers, and precision instruments.
Major companies operating in the body area network market are Samsung Electronics Co. Ltd., Sony Corporation, Intel Corporation, Panasonic Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Xiaomi Corporation, Fujitsu Limited, Nokia Corporation, Texas Instruments Inc., Philips Healthcare Inc., STMicroelectronics, Infineon Technologies AG, Murata Manufacturing, NXP Semiconductors N.V., Analog Devices Inc., Garmin Ltd., DexCom Inc., Mobvoi Information Technology Company Limited, Suunto Oy, Withings, GOQii Technologies Pvt Ltd, BRAGI GmbH, Jawbone Inc., Sensoria Inc.
North America was the largest region in the body area network market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the body area network market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the body area network market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The body area network market consist of revenues earned by entities by providing services such as remote health monitoring, personalized wellness tracking, fitness analytics, medical alert systems, and sensor integration solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The body area network market consists of sales of wearable sensors, smart clothing, health monitoring devices, medical implants, and mobile health applications. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Body Area Network Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on body area network market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for body area network ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The body area network market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.