Medical Health & Life Science Research News

APAC wireless health market set to grow according to forecasts

Medical Market Research

The Global Wireless Health Market is estimated to grow at a CAGR of 20.1% from 2018 to 2023.

GLOBAL WIRELESS HEALTH MARKET Make an Inquiry about this news was valued at USD 42.9 Billion in the year 2017. 

North America region holds the highest market share in 2017. While Asia Pacific region is considered as the fastest growing market in the forecasted period with growing healthcare industry as the major driving factor.

The U.S. is the major market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years.

 

Philips Healthcare (U.S.), Qualcomm, Inc. (U.S.), Allscripts Healthcare Solutions, Inc.

(U.S.), AT &T, Inc. (U.S.), Siemens AG (Germany) and Verizon Communications, Inc. (U.S) are some of the key players in the Global Wireless Health Market.

Acquisitions, collaboration, and new product development are their key business strategy to gain market share.

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Drivers:

            Growing wireless communication and network industry

            Emerging wearable device market

            Increasing Technological adoption

Restraints:

            The high cost of a launched wearable device

            The absence of high internet network in developing and underdeveloped countries 

            Lack of skilled professionals

Opportunity:

            Emerging IT industry and healthcare awareness

            Investments in R&D for wireless health

Challenges:

            Clinical effectiveness

            Data Security and safety

By basis of components, the wireless health market is segmented into hardware, software, and services. The software segment holds the highest market share amongst all other components in 2017.

On the other hand, WPAN technology market segment for wireless health market holds accounts for largest share and is expected to grow at the highest CAGR during the year 2018-2023.

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Key Benefits for Stakeholders

Healthcare IT Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Technology

WLAN/Wi-Fi

WPAN

WiMAX

WWAN

By Component

Software

Hardware

Services

By Application

Patient-specific

Patient Communication and Support

Physiological Monitoring

Provider/Payer-specific              

By Region

North America

Europe

Asia-Pacific

Row

Key Market Players

Siemens AG (Germany)             

AT &T, Inc. (U.S.)                      

GE Healthcare (U.S)

Koninklijke Philips N.V.  (U.S.)                

Qualcomm, Inc. (U.S.)   

Allscripts Healthcare Solutions, Inc. (U.S.)                       

Verizon Communications, Inc. (U.S.)                   

Polar Electro (UK)                      

McKesson Corporation (U.S)

Omron Corporation (Japan)

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News From

Genesis Market InsightsGenesis Market Insights
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