Impact of COVID-19 on the Body Area Networks Market
A body area network is a short-range wireless network that consists of devices located around, on, and in the body. It delivers data communications over short distances. The factors responsible for the growth of the market include the rising aging population and the increasing cost of formal healthcare systems. Body area networks find wide use in medical & fitness applications. A BAN is a network of medical devices or sensors which are worn by patients to collect biological. During the COVID-19 pandemic, body area networks are being used to monitor patients and deliver proper medical service as they help in measuring the patients' vital signs and detect stress, and fear, among other conditions. BANs also provide information regarding the patients’ real-time conditions to healthcare professionals. These benefits of BANs are driving the growth of the market.
Besides, the upsurge in the adoption of wearable devices such as smart glasses, fitness trackers, and smartwatches is also responsible for the growth of the market. However, the halt in the production of new wearable devices owing to the temporary closure of manufacturing plants is hampering the growth of the market. Companies are focused on reducing operational costs to survive in the market. The manufacturing of the new wearable devices in the post-lockdown period is expected to drive the growth of the market. According to the MRFR analysis, North America holds the largest market share owing to the rapid adoption of smart wearable devices such as smartwatches and smart bands.
Global Connected Wearable Devices Market Size from 2015 to 2022 (In USD Million)