Wireless health is a modern wireless technology used to diagnose, monitor, and treat disease. It allows remote monitoring and evaluation of patient health. It utilizes health parameters like blood pressure, cardiac rate, compact sensors, digital heartbeat monitors, glucose-track sensors, and glucose level monitoring to keep track of the health of the patient. There are currently a large number of wireless sensors on the market for the measurement of the biophysical signals of a patient. Smart gym equipment and intelligent coolers, for instance, allow doctors to receive real-time warnings.
Some of the wireless devices have communication systems and global positioning systems that enable healthcare providers to supervise and treat patients in situations of emergency. In some cases, a wireless network connects the various sensors to patients and connects them to hospital servers, and the data is updated regularly in medical records.
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Major Drivers, Restraints, Challenges and Opportunities
The convenience of use, accurate identification and analysis, and easy access to patient data for a much longer period, the increasing adoption rates of wireless healthcare devices are some of the key factors that contribute to wireless health market growth. Advances in wireless health technologies increase the use of wireless fitness equipment and the worldwide demand for wearable fitness equipment for health monitoring has subsequently increased.
Governments all over the world are investing heavily in the field of digital health to reduce the increasing health care expenditure. Increased prevalence of chronic diseases, including cardiovascular diseases, diabetes, Parkinson's disease and Alzheimer's increases healthcare spending, which further increases wireless healthcare demand, as regular home-comfort checking is possible.
By component, the software segment has taken the lead position in the wireless health market, owing to increased Internet penetration, increased IT use in medical care, continuous technological advances, increased demand for health and welfare monitoring systems, increasing adoptions of health analytics, and increasing demand for improved workflows in hospitals
In terms of technology, the Wireless Personal Area Network (WPAN) dominated the market with a higher revenue share. The growing use of mobile health (mHealth), eHealth, ZigBee, Bluetooth, and telehealth technologies in the healthcare sector can be attributed to this segment's growth.
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Based on end-user, the patient segment is accounted for the majority of the wireless health market share and contributing a huge share in the market on account of increasing cases of chronic diseases and rising adoption for prescription applications, such as telehealth, m-Health, and wellness applications.
North America led the global wireless health market. Strong reimbursement frameworks, skilled professionals, technological progress, and government support of R&D and innovation in the field of medical equipment are amongst the key reasons for this high share. In addition, the presence and high emphasis upon the technology of high-end hospital and ambulatory services are expected to boost rates of use over the forecast period.
In the forecast period, Asia Pacific is expected to record the maximum CAGR. Increased chronic cases, increased expenditure in healthcare, and skills training are expected to favor high market growth in the region as well as improvements to the reimbursement scenarios.
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The market observing an entry of few unique new players in the wireless health market and emphasizing on the adoption of recent technological developments. Players are also involved in different activities to improve their market position and gain a competitive edge over other players. Some prominent market players are AT &T, Inc., Qualcomm, Inc., Alcatel-Lucent, Cerner Corporation, Aerohive Networks, Inc., Omron Corporation, and Vocera Communications, Inc.
Table of Contents – Major Key Points Covered
Chapter 1. Executive Summary
Chapter 2. Global Wireless Health Market Definition and Scope
Chapter 3. Global Wireless Health Market Dynamics
Chapter 4. Global Wireless Health Market: Industry Analysis
Chapter 5. Global Wireless Health Market, by Technology
Chapter 6. Global Wireless Health Market, by Component
Chapter 7. Global Wireless Health Market, by Application
Chapter 8. Global Wireless Health Market, by End User
Chapter 9. Global Wireless Health Market, Regional Analysis
Chapter 10. Competitive Intelligence
Chapter 11. Research Process
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