Key strategies adopted by Wireless Health Market players in the global industry include agreements/collaborations/partnerships, product deployments, product launches (including product enhancements), acquisitions/mergers, expansions, and other strategies (divestments, funding, certifications, accreditations, and product integration).
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Wireless health market, by technology is segmented into software, hardware, & services. Software segment accounts for a major share of global wireless health market in 2015 & is expected to grow rapidly during forecast period.
Increasing adoption of healthcare IT solutions to reduce healthcare costs along with growing need for upgrading existing software solutions are major driving factors for growth of this market.
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2 Mergers & Acquisitions
3 Agreements, Partnerships, Collaborations & Joint Ventures
4 New Product Launch
The wireless health market is likely to witness the highest growth in the Asia-Pacific region. Growth in the Asia-Pacific region can be attributed to factors such as increasing internet penetration, rising medical tourism, increasing government initiatives for eHealth, and growing demand for quality healthcare.
Europe is also expected to grow at a robust rate due to enhanced eHealth initiatives by government and growing need for efficient and quality healthcare.
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The global wireless health market is segmented on the basis of technologies, components, applications, and end users. Global 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.
Market is expected to be dominated by North America, followed by Europe, Asia-Pacific, & Rest of the World (RoW). Asia-Pacific region is expected to grow at highest CAGR during forecast period.
Target Audience for the Report
- Healthcare institutions/providers (hospitals, medical groups, physicians’ practices, diagnostic centers, pharmacies, ambulatory centers, and outpatient clinics)
- Healthcare insurance companies/payers
- Healthcare IT service providers
- Venture capitalists
- Government bodies
- Corporate entities
- Accountable Care Organizations (ACOs)
Allscripts Healthcare Solutions, Inc. (U.S.), AT &T, Inc. (U.S.), Cerner Corporation (U.S.), Omron Corporation (U.S.), Philips Healthcare (U.S.), Verizon Communications, Inc. (U.S.), Qualcomm, Inc. (U.S.), Aerohive Networks, Inc.(U.S.), Vocera Communications, Inc. (U.S.), and Alcatel-Lucent (U.S.) are some of the key players in the wireless health market worldwide.
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Lack of skilled IT professionals and data security concerns are expected to restrain the growth of the market to a certain extent. In addition, lack of data management and interoperability issues pose as major challenges for the market.
On the basis of region, this market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
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