The wireless health market is expected to grow at a rate of 20.2% during the study period 2013-2018. This growth is attributed to increasing applications in patient monitoring and diagnostics (to reduce costs in order to combat the increasing healthcare expenditure and ageing population), and government funding.
Wireless network technologies represent the largest segment of this market and will continue to be the largest contributor in the coming five years. However, the handheld devices and mobile apps segment is growing fast and will continue to grow at the same pace in the coming years due to its wide applications and increased adoption by various healthcare professionals, pharmaceutical companies and research laboratories.
Wireless health has the potential to take healthcare delivery to the next level by eliminating the need for physical interaction between doctors and patients. The increasing willingness of medical communities and patients to connect to real-time network communication systems owing to an immense demand for optimized care is expected to be a major growth factor. However, the industry needs to deal with issues such as uncertainty about security, privacy, lack of standards, reimbursements, and unproven clinical benefits.
North America is the biggest market for wireless health in the year 2013, followed by Europe, and APAC. However, increasing demand from Asian countries has resulted in players such as Qualcomm, Inc. (U.S.), Verizon, Inc. (U.S.), Hewlett Packard (U.S.), and GE Healthcare (U.K.) adopting various strategies for market expansion. China is the leading market and Japan shows promising growth opportunities in this region.
Scope of the Report
Market by Segment:
- Wireless Network Technologies
-- WLAN (Wi-Fi)
-- WiMAX (WMAN)
-- WWAN (CDMA, GPS, 3G, and GPRS)
- Wireless Sensor Networks
- Handheld Devices
-- Tablet PC
-- Mobile Phones
-- Mobile Apps