As per the findings of a new
intelligence study by Transparency Market Research (TMR), the
prospects of global body
sensor market remain positive, with demand projected to increase
at an impressive CAGR during 2017 to 2022. Body sensors are wearables
that can constantly track or measure physiological attributes in
humans and relay the information on smartphones and other electronic
devices. With the ubiquity of smartphones, the growth in the global
body sensor market is augmenting quickly, especially in the developed
regions as well as among the urban populations in emerging economies.
Some of the key factors
driving the demand in the global body sensor market are: rapidly
increasing percentage of geriatrics in the world’s population who
need real-time caring and monitoring, growing fitness awareness among
the high-income customers, proven usefulness of body sensors in
professional sports leagues, growing use of body sensors in clinical
trials, added comfort with fabric-based sensors, and the development
of smart textiles as mobile user interface. On the other hand, lack
of proper supply chain and distribution channel, adequate procedures
for data security, and limitations pertaining to body sensor
wearability are some of the obstructions faced by the global body
sensor market.
Browse
The Report:
http://www.transparencymarketresearch.com/body-sensor-market.html
Based on sensor type, the
global body sensor market is segmented into EEG, visual sensor,
respiration sensor, ECG, blood pressure sensor, temperature sensor,
and EMG sensor. Application-wise, the market for body sensor has been
segmented into healthcare, defense, man-machine interface and sports
body sensor, whereas on the basis of placement type, the market is
categorized into wearable and implantable. Geographically, the report
takes stock of the potential of body sensor market in the regions of
North America, Latin America, Europe, Asia Pacific excluding Japan
(APEJ), Middle East and Africa, and Japan.
Some of the key companies in
the global body sensor market are: Apple Inc., Fitbit, Inc.,
Koninklijke Philips N.V., Texas Instruments Inc., Abbott
Laboratories, Broadcom Ltd., STMicroelectronics NV, NXP
Semiconductors NV, Analog Devices, Inc., and Garmin Ltd. The market
for body sensor has innovation at its backbone, with leading
companies aggressively investing on R&D activities to formulate a
niche within the market. In the near future, strategic acquisitions
is also expected to allow the market leaders to gain ground over the
competitors.
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