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Wireless Health Market Growth, Size or Share Estimated to increase by 2015 – 2021

Wireless Health Market
Wireless Health Market

Wireless health is the integration of wireless technology to transform the existing traditional and paper-based healthcare systems. Due to low-cost wireless systems and sensors, we can create a constantly pervasive monitoring capability at home, workplace, and in conventional point-of-care environments. The products globally used in wireless health market include insulin monitors, ECG monitors and neuro-monitors such as EEG and EMG devices.

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The growth of global wireless health market has been attributed to the uptick in remote patient monitoring applications and diagnostics, aging populations and growing hospital deficits. Rising adoption of a patient-centric approach by health care providers coupled with increasing utilization of connected devices in the management of chronic diseases is expected to accelerate the growth of wireless health market. However, data security concerns are expected to restrict the growth of the market to a certain extent. Nonetheless, demand from the wellness market, as well as an era of mobile apps, is expected to open up new growth opportunities in the forecast period.

The report covers forecast and analysis of the wireless health market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Million). To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the wireless health market has also been included in the study. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides detailed segmentation of the wireless health market based on technologies, application and regional segment. The wireless health market has been segmented into WPAN, WLAN/Wifi, WWAN and WiMAX in terms of technology. The WPAN technology market segment held the largest market share in 2015.

On the basis of application, the wireless health market is categorized into healthcare amenities (hospitals, nursing homes), forecast physicians, home care, pharmaceuticals and others.

Geographically, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. These regions are further bifurcated on the country level, which includes U.S., Germany, UK, France, China, Japan, and India. Demand has been anal forecasts based on the current trends for the period of six years. North America was the leading segment of wireless health market followed by Europe in 2015. The wireless health market is expected to witness the highest growth in the Asia-Pacific region in the coming years due to the rising population as well as government initiative for eHealth.

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The report covers scenario including the company overviews, financial revenues of the key participants. Key players included in report are Verizon Communications, Omron Corporation, Allscripts Healthcare Solutions, Philips Healthcare, Aerohive Networks, Cerner Corporation, Alcatel-Lucent, CommuniCommunications,Qualcomm and other.

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