Body Area Network Market: Connecting the Human Body through Next-gen Telecommunication Technologies
As the healthcare industry is entering a digital age, telehealth and body sensor network technology are no longer concepts from the future. The spike in the adoption of cutting-edge technologies has been boosting the demand for telemedicine, and implementing telehealth solutions is shifting from being an option to a necessity, in the healthcare industry. As a mounting number of healthcare businesses are modifying their business models to offer value-based services, the role of sensors; miniaturized, low-power integrated circuits; and wireless networks is being upgraded in healthcare services.
The body area network market space is too pivotal to overlook, since these body area networks are becoming a nexus of innovation in the healthcare industry, and their enormous potential with the advent of advanced technologies such as Internet of Things (IoT). Considering the body area network market, Transparency Market Research (TMR) offers its detailed viewpoint on the adoption of IoT, telemedicine, and telehealth technologies through body area networks in important areas of applications. Readers can get a 360-degree assessment of the potential for wireless body area networks with the changing demand for healthcare devices in several end-use industries, through the information featured in TMR’s study.
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Harnessing Deep Learning and Big Data for Next-gen Body Area Networks
Medical Big Data, along with other technologies such as IoT and machine learning, is on the verge of becoming an indispensable part of the medical technology (MedTech) industry. The body area network market has emerged as an eminent part of various prediction systems used in medical applications, and the healthcare sector is getting its second wind.
The integration Big Data and deep learning in body area network applications is not limited to the healthcare sector, but paving its way in other sectors too, such as the sports, fitness, and wearable industries. New businesses are implementing modern-day deep learning and medical Big Data technologies in potential real-world applications of body area networks and biomedical sensor devices that are used for monitoring the vital signs of patients.
Providers in the body area network market are riding the coattails of the health & fitness wave, and increasing consumer awareness about the availability of technologically-advanced healthcare electronic devices. In addition, the increasing reliance of consumers in maintaining health and fitness is creating immense potential for next-generation MedTech applications, such as body area networks.
In 2018, the body area network market exceeded a valuation of US$ 12 billion, and recent advancements in Big Data and machine learning technologies are expected to boost the market, to witness nearly 18% year-over-year growth in 2019. The body area network landscape is expected to grow by leaps and bounds in the future, as the technology and healthcare industry are likely to witness unparalleled growth in the coming years.
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Wearables Capture 85% Revenue Share; Bluetooth to Remain the Most Trusted Technology
The influence of technologies on the recent developments in the healthcare sector has paved way for stakeholders in the body area network market. However, it has also incurred threats from cyberattacks and unethical hacking. Leading providers are on the constant hunt for protecting wearable devices connected through body area networks from hackers gaining access to the biological information of patients.
The global sales of wearables and implantable devices have increased tremendously in recent years. Wearable devices accounted for nearly 85% revenue share of the body area network market in 2018. The demand for wearables connected through body area networks in the sports industry is expected to reach new heights in the coming years, and this further aggravates the problem of hacked wearables and implantable devices, creating the need for implementing a strong security system for body area networks.
The body area network market is evolving with advancements in technologies, while security and privacy remain paramount, as there is ample room for hackers to infiltrate with the current designs of wearables and implantable devices used in body area networks. In addition, getting higher bandwidth of data transmission and reducing battery consumption of these devices remain critical challenges for providers in the body area network market space.
Bluetooth is currently the most trusted technology implemented in body area networks, among other technologies such as Wi-Fi and ZigBee, as it accounts for over half the revenue share of the body area network market. While this trend is likely to prevail in the coming decade, the emergence of electro-quasistatic or magnetoquasistatic signals can provide body area network providers a means for much faster, more efficient, and safer transmission. Constant advancements in telecommunication technologies are expected to have a significant impact on the trends in the body area network market in the coming future.