Wireless Health Market Research Includes Historical, Forecast Data, Market Demand, Price Trends, and Company Share By 2027 – American TeleCare , AliveCor, Abbott
Wireless Health Market report offers insights into the latest trends. It summarizes key aspects of the market, with a focus on leading key player’s areas that have witnessed the highest demand, leading regions, and applications. It offers qualitative as well as quantitative information regarding the factors, challenges, and opportunities that will define the growth of the market over 2019-2027. The report aims at historical occurrences, talks about the present status of the industry, and also provides valuable forecast information up to 2027. Every organization partaking within the global production of the Wireless Health market products is mentioned during this report, so as to review the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications.
Wireless health is a wireless technology that is used for diagnosing, monitoring, and treating sickness. It enables remote monitoring and evaluation of patient’s health and uses health parameters, such as blood pressure, heart rate, compact sensors, digital heartbeat monitor, glucoTrack sensors, and glucose level monitoring for keeping track of the patient’s health, which is why the healthcare sector is inclining towards the adoption of wireless technology.
The wireless health market is segmented into technology adopted, component, application, end-user. By technology, the market is segmented into wireless local area network (WLAN), wireless personal area network (WPAN), and worldwide interoperability for microwave access (WiMAX), wireless wide area network (WWAN) and others (Zigbee, Bluetooth, ant+, ultra-wideband (UWB), Z-Wave, RFID). By component, the market is trifurcated into software, hardware, and services.
In 2018, the patient-specific application segment surfaced as the largest revenue generator in the wireless health market. The patient-specific applications are further bifurcated into physiological monitoring and patient communication and support. In the end-user, the patient segment is grabbing a significant share in the market on account of the rising prevalence of chronic diseases and increasing adoption of prescription applications, such as m-Health, telehealth, and wellness applications.
Each section of the report reveals critical information about the global Wireless Health market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to acknowledge hidden business opportunities available within the global Wireless Health market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies like manufacturing analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.
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The Major Prominent Players Covered in this Report:
American TeleCare , AliveCor, Abbott, American Medical Development (AMD) Telemedicine Products, GlobalMedia Group ,Cardiocom, Carematix, Cybernet Medical Corporation, InTouch Health, Drager Medical, GE Healthcare, Honeywell HomMed, Intel, LifeWatch Technologies, Medtronic, Philips Medical Systems, MedApps, WellDoc, Roche, St. Jude Medical, Second Opinion Telemedicine Solutions, Inc., Welch Allyn, MedStar Chemotherapy Monitoring, and Proteus Digital Health. & More.
Wireless Local Area Network (WLAN)
Wireless Personal Area Network (WPAN)
Worldwide Interoperability for Microwave Access (WIMAX)
Wireless Wide Area Network (WWAN)
Patient communication and support
Provider Specific Applications
By End User
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Wireless Health in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Wireless Health market during the forecast period 2019-2027. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Wireless Health and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Wireless Health. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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Key Questions Answered in The Report:
What will the Wireless Health market growth rate?
What are the key factors driving the global Wireless Health market?
Who are the key manufacturers in the Wireless Health market space?
What are the market opportunities, market risk, and market overview of the Wireless Health market?
What are sales, revenue, and price analysis of top manufacturers of the Wireless Health market?
Who are the distributors, traders, and dealers of the Wireless Health market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Wireless Health Industry?
What are sales, revenue, and price analysis by regions of Wireless Health industry?
What are the driving factors contributing to market growth during the short, medium, and long term?
Current trend and Technology Insights:
Aging Population: Globally, the rising geriatric population is subsequently boosting the demand for wireless health devices. As per the American Association of Retired Persons, around 87% of people aged 65 and older get treated through telehealth channels like telemedicine and telemonitoring. This can be attributed to the shifting consumer preferences towards more convenient channels for general healthcare consultation.
Internet of Medical Things: The introduction of new information technologies like the Internet of Medical Things (IoMT) and Blockchain is anticipated to boost the market growth. For the record, Internet of Medical Things (IoMT) involves a connected infrastructure of medical devices, software applications, and health systems and services, which enables the wireless healthcare device to perform remote monitoring by keeping the patients safe and healthy as well as helping the physicians to deliver quality healthcare. Furthermore, Blockchain initiatives are being extensively implemented in the healthcare sector. For example, the Estonian e-Health Foundation and Guardtime have entered into a strategic partnership to implement a Blockchain-based system to secure millions of medical records around the world.
Digital Pill (Chip on a Pill Technology): In the last few years, technological advancements have enabled the manufacturers to develop pharmaceutical dosage forms, which contains an ingestible sensor inside the pill that transmits the data after consumption. For instance, a care plan developed for Parkinson’s patient consists of a "chip on a pill" technology that monitors the condition of patients, sends reminders to adhere to the respective prescribed treatment, and also notifies the neurologists on the health status reports.
Major Factors Responsible for the Market Growth -
The increasing adoption rate of wireless healthcare devices owing to its convenience of use, accurate identification and analysis, and easy access to patient data for a much longer period of time are some key factors contributing to the growth of the market
Rise in global internet penetration rate is driving the market growth. As per the World Bank, the number of internet users per 100 people increased from 28% in 2010 to 49% in 2017
Advancements in wireless health technologies are increasing the use of wireless fitness devices and is subsequently rising the demand for wearable fitness devices across the globe for health monitoring
Rising prevalence of chronic diseases such as cardiovascular diseases, diabetes, Parkinson’s, and Alzheimer’s are subsequently increasing the healthcare expenditure, which is further boosting the demand for wireless health care devices as it enables regular routine checkup at the comfort of the home
Governments across the globe are heavily investing in the field of digital health to cut down the rising healthcare expenditure and are developing several initiatives for the same.
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