Wireless Health Market estimated to Push Growth Margin by year 2023

GLOBAL WIRELESS HEALTH MARKET was valued at USD 42.9 Billion in the year 2017. Global Wireless Health Market is further estimated to grow at a CAGR of 20.1% from 2018 to 2023. 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.

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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.

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.

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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