COVID-19 Impact On The Wireless Health Market : Growing Demand For Wireless Communication Technologies

Summary

• Major Growth Boosters.
• What This Report Will Provide?
• Expected Revenue Growth.

Wireless health is expected to transform the existing traditional and paper-based healthcare systems, ensuring quality care along with patient safety. Wireless health solutions can help reduce healthcare costs, streamline workflows in healthcare systems, and facilitate compliance with regulatory guidelines.

What This Report Will Provide?

The market is expected to witness the highest growth in the Asia-Pacific region in the coming years. Growth in the Asia-Pacific region can be attributed to factors such as increasing population, growing internet penetration, rising medical tourism, increasing government initiatives for eHealth, and growing demand for quality healthcare.

Expected Revenue Growth:

The global wireless health market is projected to reach USD 110.12 Billion by 2020 from USD 39.03 Billion in 2015, at a CAGR of 23.1% during the forecast period of 2015 to 2020.

Major Growth Boosters:

Growth in the overall market can largely be attributed to factors such as increasing advancements in wireless communication technologies, growing internet penetration, increasing utilization of connected devices in the management of chronic diseases, rising adoption of a patient-centric approach by healthcare providers, robust penetration of 3G and 4G networks in healthcare services, and mainstreaming of cloud computing.

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Target Audience for the Report :

• Healthcare institutions/providers (hospitals, medical groups, physicians’ practices, diagnostic centers, pharmacies, ambulatory centers, and outpatient clinics)
• Healthcare insurance companies/payers
• Healthcare IT service providers
• Venture capitalists
• Government bodies
• Corporate entities
• Accountable Care Organizations (ACOs)

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The report segments the market of wireless health based on technologies, components, applications, end users, and regions. On the basis of technologies, the market is further segmented into WPAN, WLAN/WiFi, WiMAX, and WWAN.

The WPAN technology market segment accounts for the largest share of the global market in 2015. The WPAN technology segment is further segmented into Bluetooth, RFID, Ant+, Zigbee, Z-wave, and UWB. The Bluetooth segment accounts for the largest share of the WPAN market in 2015. The large share of WPAN technologies can be attributed to the fact that these technologies are user friendly, secure, and affordable.

Regional Growth Analysis:

Lack of skilled IT professionals and data security concerns are expected to restrain the growth of the market to a certain extent. In addition, lack of data management and interoperability issues pose as major challenges for the market. On the basis of region, this market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).