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Wireless Health Market by Technology, Component, Application, & by End Users - Analysis & Global Forecast to 2020

Wireless Health Market: Global Forecast until 2020

  • March 2016
  • 215 pages
  • ID: 3711141
In this report:
The Bluetooth segment accounts for the largest share of ##.##% of the WPAN market in 2015; it is expected to grow at the highest CAGR of ##.##% during the forecast period of 2015 to 2020.
In 2015, the providers segment accounts for the largest share of ##.##% of the wireless health end-user market in the U.K. This segment is poised to reach USD ##,##.## million by 2020 from USD ##,##.## million in 2015, at a CAGR of ##.##% during the forecast period.

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Wireless health is an emerging trend in healthcare, which is anticipated to transform the existing traditional and paper-based healthcare system into a more technologically advanced care system with higher focus on patient safety. Wireless health solutions can help streamline workflows in healthcare systems, reduce healthcare costs, and facilitate compliance with regulatory guidelines. The overall wireless health market is estimated to grow ~$110.1B by 2020 from ~$39.0B in 2015, at a compound annual growth rate (CAGR) of 23.1% during the forecast horizon.

Federal mandates like Meaningful Use Stage II, growing internet penetration, increasing patient-centric approach, and increasing adoption of wireless health devices among the elderly and patients enduring from chronic illnesses are some of the factors driving the increase of the wireless health market.

The high cost of wearable devices, lack of skilled IT professionals in healthcare, and data security concerns are anticipated to restrain the rise of the market to a certain extent. On the other hand, molecular communication is an emerging method that provides immense opportunities for competitors in the wireless health market. Lack of data management and interoperability; nevertheless, pose as main challenges for the sector.

The wireless health market, by technology is broken down into software, hardware, and services. The software segment accounts for a main share of the overall wireless health market in 2015 and is anticipated to grow quickly during the forecast period. Rising adoption of healthcare IT solutions to minimize healthcare costs together with the increasing need for upgrading existing software solutions are the main driving factors for increase of this market.

The wireless health market is likely to witness the more important rise in the Asia-Pac region. Increase in the Asia Pacific (APAC) area can be accredited to Elements such as growing internet penetration, increasing medical tourism, rising government initiatives for eHealth, and increasing demand for quality healthcare. Europe (EU) is also anticipated to grow at a robust rate due to enhanced eHealth initiatives by government and increasing need for efficient and quality healthcare.

Actors in this sector have implemented different increase strategies to extend their footprints and strengthen their positions. The best strategies approved by a majority of market actors in the overall wireless health market contain strategic agreements/collaborations/alliances, product deployments, launches of new product, acquisitions/mergers, business developments, and other strategies (divestments, funding, certifications, accreditations, and product integration).

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn benefits organizations collect greater segment market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies (sector entry, product improvement/innovative projects, sector development, business diversification, and opposing assessment) for strengthening their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the solutions provided by key players in the wireless health market. The analysis examines the wireless health market by technology, component, application, and end user.

- Product improvement/Innovative products: In-depth understanding into the industry research and growth activities and recent product launches in the wireless health market

- Industry development: Highlighted information about the profitable emerging sectors. The market research examines the industries for wireless health across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the wireless health market

- Opposing assessment: Detailed assessment of strategies, products, and distribution networks of the leading actors in the wireless health market

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