Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled "Global Body Sensor Market - In-Depth Analysis with Booming Trends Supporting Growth and Forecast till 2022". This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with a growth of manufacturers in the global market for Body Sensor. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
The market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the global body sensor market and could influence the market in the near future. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition in the market across different geographies. The competitive scenario among different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their shares in the global body sensor market.
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Some of the key factors driving the global body sensor market are: growing number of fitness enthusiast, especially among the urban population wherein awareness against ill-effects of sedentary lifestyle is rising, escalating percentage of geriatric population who need constant monitoring, increasing dependency on smartphones, and proven worth in professional sports to track physical abilities of athletes. On the other hand, cost of body sensors and the lack of a defined distribution channel is obstructing the market from attaining its true potential.
Among the global body sensor market market's sensor type segments, temperature sensor remains lucrative, representing US$23.0 mn worth of the market, or 18.5% in 2019. Growing at a CAGR of 21.9%, the temperature sensor segment is estimated to be worth US$62.0 mn by 2022; it is projected to represent 21.2% of the overall demand share. It is projected to grow at US$7.8 mn annually over the course of the forecast period, and this absolute growth is larger than the any other segment. The other product types segments analyzed under the report are: EEG sensor, visual sensor, respiration sensor, ECG sensor, blood pressure sensor, and EMG sensor. Application-wise, the healthcare sector is expected to act as biggest driver in the long run, owing to wider variety of device type and use opportunities.
On the basis of product type, the global body sensor market has been segmented into EEG sensor, ECG sensor, respiration sensor, visual sensor, temperature sensor, blood pressure sensor, and EMG sensor, whereas on the basis of placement type, the market has been bifurcated into wearable and implantable. In 2019, temperature sensor segment accounted for the maximum demand, and is expected to remain highly profitable throughout the forecast period. Application-wise, the market for body sensor has been categorized into healthcare, man-machine interface, defense, and sports body. Geographically, the report takes stock of the potential of body sensor market in the regions of North America, Europe, Latin America, Asia Pacific except Japan (APEJ), and The Middle East and Africa, as well as in the country of Japan. Currently, North America is most lucrative region, whereas APEJ has been projected to expand the demand at most robust rate during the forecast period of 2019 to 2022.
Highly dependent on innovation, the global body sensor market is currently dominated by some of the prominent technology and healthcare companies, such as Apple Inc., Fitbit, Inc., Abbott Laboratories, Koninklijke Philips N.V., NXP Semiconductors NV, STMicroelectronics NV, Texas Instruments Incorporated, Analog Devices, Inc., Garmin Ltd., and Broadcom Ltd.
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