Body Area Networks to Increase Eight-fold by 2017
Over the next five years, low-cost, low-power, wireless-connected wearable devices will be sported by millions of consumers and patients, helping to track activity and human conditions. By 2012, the market for wearable wireless devices will grow from 20.77 million to 169.5 million.
The majority of the market will be dominated by consumer, wellness and sporting goods manufacturers, such as Nike, whose products will allow users will to track the pace of run or a bike ride as well as heart rate, etc. and automatically it upload it to a compatible device or service.
Healthcare is predicted to account for 20% of the market. Wearable devices will be able to monitor blood sugar levels in diabetics, heart rates in patients and even detect falls amongst the infirm. “The breadth of the potential for this market is not just drawing in consumer giants like Nike and Adidas and established healthcare players such as GE Healthcare and Philips, but a wealth of start-ups and specialist players looking to wearable wireless devices to enable a wide range of networked health applications and services,” says Jonathan Collins, principal analyst, navigation, telematics & M2M.
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