Global Wireless Health Market is anticipated to reach USD 315.4 billion by 2025. The market is anticipated to rise at a healthy rate in the years to come. Wireless Health implies the incorporation of wireless technology into diagnosis, intensive care, and treatment of illness, as well as the other tools that can assist individuals measure their individual health. Wireless health varies from mobile health in that wireless health solutions will not always be mobile and mobile health solutions will not always be wirelessly permitted.
Mobile broadband connectivity reaches patients in inaccessible areas while enlightening efficiency. One of the instances is “BodyLAN”. It is a low-power wireless networking procedure that communicates data from medical and fitness devices and “ANT+” is a wireless networking procedure that permits communication among numerous sensors and devices, designed for wireless sensor networks that necessitate low-energy consumption and low data transmission.
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The factors that propel the growth of the Wireless Health Market include rising application of wireless health devices among aging population and patients suffering from chronic disorder, growing patient-centric methodology, improved perception regarding Internet, and Federal obligations like Meaningful Use Stage II. On the other hand, there are factors that also hamper the growth of the Wireless Health Market like high expenditure of wearable devices, data safety worries, interoperability, and lack of expert IT professionals in healthcare. The market is anticipated to grow at a significant CAGR of 23.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market may be explored by technology, component type, applications, end users and geography. The market may be explored by technology as WLAN/Wi-Fi, WiMAX, WWAN, and WPAN. The WPAN may be explored as Bluetooth, ZigBee, Ant+, Ultra-wide Band (UWB), Z-wave, RTLS, RFID, and IPS. The WWAN sector is may be explored as 3G and 4G, GPRS, CDMA and GPS.
The “WPAN technology” segment is dominated the market in 2016 and is anticipated to maintain its dominance by 2025. Bluetooth sector held the largest market share in 2016. The factors that attribute to the rise in WPAN sector in the Wireless Health Market are its low budget and extremely protected services.
Wireless Health Market may be explored by component type as Software, Services, and Hardware. The software segment dominated the market in 2016 and is anticipated to maintain its dominance by 2025. The factor that fuels the rise of software sector is the growing application of healthcare IT solutions to reduce healthcare expenditures along with the mounting necessity for progressing current software solutions.
Wireless Health Market may be explored by application as Patient-specific, Physiological monitoring, Patient communication and support, and Provider specific. The Patient-specific segment dominated the market in 2016 and is anticipated to maintain its dominance by 2025. The factors that contribute to the Patient-specific applications are rising demand for superior healthcare and varying standard of living demographics.
The market may be explored by end users as Providers, Patients/Individuals, and Payers. The “providers” segment dominated the Wireless Health Market in 2016 and is anticipated to maintain its dominance by 2025. The providers encompass hospitals, ambulatory care centers, and physicians. The rise in implementation of wireless healthcare solutions by providers is mainly to offer quality care services.
North America accounted for the major share of the market in 2016 and will continue to dominate in the forecast period. The factors that contribute to the rise of North American share is growing digital health procedures in Canada and national obligations in the United States. During the forecast period, Asia Pacific is anticipated to rise rapidly owing to expanding population, rising medical tourism, increasing governmental advantages for eHealth.
Some of the key players that fuel the growth of the Wireless Health Industry include Qualcomm, Inc., Aerohive Networks, Inc., Vocera Communications, Inc., Philips Healthcare, Alcatel-Lucent, Allscripts Healthcare Solutions, Inc., AT &T, Inc., Verizon Communications, Inc., Cerner Corporation, and Omron Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Market Segment:
Wireless Health Technology Outlook (Revenue, USD Billion, 2014 - 2025)
- WLAN/Wi-Fi
- WPAN
- WiMAX
- WWAN
Wireless Health Component Type Outlook (Revenue, USD Billion, 2014 - 2025)
- Software
- Hardware
- Services
Wireless Health Application Outlook (Revenue, USD Billion, 2014 - 2025)
- Patient-specific
- Physiological monitoring
- Patient communication and support
- Provider specific
Wireless Health End-use Outlook (Revenue, USD Billion, 2014 - 2025)
- Providers
- Payers
- Patients/Individuals
Wireless Health Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
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Table of Contents
Chapter 1 Research Methodology
1.1 Information Procurement
1.2 Data Analysis
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Wireless Health Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.2.1 Rising chronic disease burden
3.2.2 Rising healthcare expenditure prompting cost-cutting initiatives
3.2.3 Growing eHealth initiatives
3.2.4 Increasing funding for digital health
3.3 Market Restraint Analysis
3.3.1 Lack of legislations for interoperability and data governance in developing regions
3.3.2 Inadequate funding in emerging regions
3.4 Key Opportunities Prioritized
3.5 Wireless Health Market - SWOT Analysis, by Factor (Political & legal, Economic, and Technological)
3.6 Industry Analysis - Porter’s
Continued…
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Wireless health solutions can help reduce healthcare costs, streamline workflows in healthcare systems, and facilitate compliance with regulatory guidelines.
Wireless health is expected to transform the existing traditional and paper-based healthcare systems, ensuring quality care along with patient safety.Key Factors Driving Market Growth:Growth in the overall market can largely be attributed to factors such as increasing advancements in wireless communication technologies, growing internet penetration, increasing utilization of connected devices in the management of chronic diseases, rising adoption of a patient-centric approach by healthcare providers, robust penetration of 3G and 4G networks in healthcare services, and mainstreaming of cloud computing.Revenue Growth Analysis:The global wireless health market is projected to reach USD 110.12 Billion by 2020 from USD 39.03 Billion in 2015, at a CAGR of 23.1% during the forecast period of 2015 to 2020.Don’t miss out on business opportunities in Wireless Health Market :The report segments the market of wireless health based on technologies, components, applications, end users, and regions.
The WPAN technology market segment accounts for the largest share of the global market in 2015.
The large share of WPAN technologies can be attributed to the fact that these technologies are user friendly, secure, and affordable.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=551The market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW).
The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.On the basis of components, the market is segmented into hardware, software, and services.
Increasing adoption of healthcare IT solutions and growing need for upgrading the existing software are the major driving factors for the growth of this market.On the basis of technology, the market of wireless health is further segmented into WPAN, WLAN/WiFi, WiMAX, and WWAN.
The report "Wireless Health Market by Technology (WPAN, WLAN/Wifi, WiMAX), by Component (Hardware, Software, & Services), by Application (Patient Specific and Provider/Payer Specific), & by End Users (Providers, & Payers) - Analysis & Global Forecast to 2020", This report studies the global wireless health market for the forecast period of 2015 to 2020.
This market is expected to reach USD 110.12 Billion by 2020 from USD 39.03 Billion in 2015, at a CAGR of 23.1%.The global wireless health market is projected to reach USD 110.12 Billion by 2020 from USD 39.03 Billion in 2015, at a CAGR of 23.1% during the forecast period of 2015 to 2020.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=551Wireless health market segmentation:• Basis of components• Basis of technology• Basis of applications• Basis of end users• Basis of regionBrowse 139 tables and 37 figures spread through 214 Pages and in-depth TOC on "Wireless Health Market by Technology (WPAN, WLAN/Wifi, WiMax), by Component (Hardware, Software, & Services), by Application (Patient Specific and Provider/Payer Specific), & by End Users (Providers, & Payers) - Analysis & Global Forecast to 2020"https://www.marketsandmarkets.com/Market-Reports/wireless-healthcare-market-551.htmlEarly buyers will receive 10% customization on reports.The global wireless health market is segmented on the basis of technologies, components, applications, end users, and regions.On the basis of components, the wireless health market is segmented into hardware, software, and services.
The software segment is expected to grow rapidly during the forecast period.
The increasing need of advancements in healthcare software and rising adoption of healthcare IT solutions are the major driving factors for growth of this market.Read More in Detailed (Wireless health market):https://www.marketsandmarkets.com/PressReleases/wireless-health.asp
Global Wireless Health Market is expected to reach USD 248.5 Billion by 2024 from USD 47.9 Billion in 2016 at CAGR of 22.85% (Detailed analysis of the market CAGR is provided in the report).
Wireless Health is a system, which streamlines workflows in the healthcare system and facilitates compliance with regulatory guidelines.
Software segment is expected to lead the market in the forecast period, owing to the increase in penetration of the Internet, a rise in usage of IT in healthcare and growing need for upgrading the existing software.
APAC is going to emerge as one of the higher growth regions in the forecast period followed by North America and Europe.
Key Highlights:Assessment of market definition along with the identification of key players and an analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for this market during the forecast periodComplete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunitiesIn-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chainGlobal Wireless Health Market analysis and comprehensive segmentation with respect to the component, technology, application, end user, and geography to assist in strategic business planningGlobal Wireless Health Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their key regions Research MethodologyThe research methodology used in this report contains various secondary sources including Bloomberg, Hoovers, and Factiva are some of the sites that are being referred to gain insights about Global Wireless Health Market.
Top-down and bottom-up approaches have been used to estimate the global and regional size of this market.
