North America to exhibit the largest market share for body area network through the course of the forecast period

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 grow at a compound annual growth rate (CAGR) of 11.7%. Increased use of smart devices for tracking physical fitness and its availability at low-cost, rapid advancements in medical devices and communication technologies, supportive government and hospital initiatives to promote digital healthcare are some of the driving factors of the market.

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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.

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.

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