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.
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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.
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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 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.
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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 2017, 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 2017 to 2022.
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