Body Sensor Market

Body Sensor Market to Reach a Valuation in North America is estimated to be worth
US$100.9 mn by 202
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.
North America is the most profitable region, with demand for body sensor expected to
grow at an impressive CAGR of 16.7% during the forecast period of 2017 to 2022. On
back of strong demand from the U.S., body sensor market in North America is estimated to
be worth US$100.9 mn by 2022.
Europe is foreseen as the second most lucrative region, exhibiting a CAGR of 16.7%
during the said forecast period, and generating absolute dollar opportunities worth
US$45.7 mn from 2017 to 2022. Japan and China are among the profitable country-wide
markets in Asia Pacific.
Temperature sensor is the leading sensor type segment, representing 18.5% of the overall
revenue share in 2017. By 2022, the demand for temperature sensors will grow at a CAGR
of 21.9%, to reach a valuation of US$62.0 mn by 2022.
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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 prominent companies currently operating in the global body sensor market
are Apple Inc., Koninklijke Philips N.V., Abbott Laboratories, Texas Instruments
Incorporated, NXP Semiconductors NV, STMicroelectronics NV, Analog Devices, Inc.,
Garmin Ltd., Broadcom Ltd., and Fitbit, Inc.

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