Adoption of Wireless Communication Technologies in Healthcare Sector Boosts Body Area Network Market by 22.3% – PR Newswire

Bluetooth Technology to Remain Highly Sought-After in Body Area Network Market, Registering 24.3% CAGR

Fact.MR, in its latest study, provides in-depth insights into the global body area network market for the upcoming decade. The report also offers in-depth analysis of drivers, opportunities, and challenges encouraging sales of body area network across segments within the market including technology, devices, end use industry, and regions.

NEW YORK, April 18, 2022 /PRNewswire/ — A Market Research and Competitive Intelligence Provider: Total sales in the body area network market are projected to reach a valuation of US$ 229.8 Bn by the end of 2032. As per the study, the global body area network market is slated to witness growth at a CAGR of 22.3%.

Growing demand for continuous monitoring of vital parameters in asthmatic, diabetic, and heart attack survivors is underpinning the need for body area network solutions. Consequently, high prevalence of chronic diseases is anticipated to bolster the adoption of body area network solutions among patients.

Additionally, increasing reliability on the data obtained through body area network as first-hand information will continue boosting applications in the healthcare sector in the forthcoming years.

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Adoption of body area network in private hospitals and government organizations is surging due to the drop in the prices of communicable devices and wearable electronics.

Also, expansion of telecommunication industry in low-income countries is encouraging the integration of 5G technology and advanced network spectrums. This is expected to enhance the network connectivity in body area network devices, thereby creating opportunities for growth for body area network manufacturers.

Apart from this, to cater to the growing need for body area network, manufacturers are improving their product line by integrating advanced technologies such as artificial intelligence (AI), smart sensors, and machine learning.

Report Attributes

Details

Base Year Value (2021A)

US$ 24.6 Bn

Estimated Year Value (2022E)

US$ 30.8 Bn

Projected Year Value (2032F)

US$ 229.8 Bn

Global Growth Rate (2022-2032)

CAGR 22.3%

Key Takeaways:

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