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Globally Growth of Wireless Portable Medical Devices Market | Top Key Players-Renesas Electronics, Omron Healthcare, Inc., GE Healthcare, STMicroelectronics, Maxim Integrated, ON Semiconductor, Medtronic, NXP acquires Freescale Semiconductor, Analog Devic
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Wireless portable medical devices are widely used in healthcare monitoring application, home diagnosis, medical therapeutics, and for fitness monitoring. Increasing cellular connectivity, coupled with wireless communication advancement is supporting the growth of wireless portable medical devices market. Due to rising income levels and increasing chronic disorders, such as respiratory, diabetes and cardiovascular diseases, the market for wireless portable medical device is expected to gain momentum during the forecast period.
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Wireless portable medical devices uses different types of sensors, such as inertial sensor, level sensor, ECG sensor, heart rate sensor, pressure sensor, position sensor, temperature sensor, blood oxygen sensor and others. The wireless portable medical devices in healthcare industry include, cardiac monitors and hemodynamic monitors. Portable medical devices play a vital role in overall analysis and patient monitoring behavior.
High maintenance and renovation cost, strict government policies and standards, and issues in designing and compatibility of devices are major challenges for wireless portable medical devices market. Management of transmission and delay of different types of communications in the system also stands as a challenge for the wireless portable medical devices market.
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North America is the largest market of wireless portable medical devices market, owing to large number of patients suffering from various chronic diseases in the region. Europe is also one of the major wireless portable medical devices market.
The large populations of baby boomers coupled with the patient’s convenience, such as home based health monitoring in the region, are some of the most dominant drivers of the market. The wireless portable medical devices market is expected to grow at a fast pace in developing countries, such as India and China, of Asia-Pacific.
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