Wireless Health Market To Report Impressive Growth, Revenue To Surge To US$ 142.48 Billion By 2022

With the presence of a large pool of participants, the Global wireless health market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Siemens A.G., Omron Corporation, AT &T, Inc., GE Healthcare, Verizon Communications, Inc., Koninklijke Philips N.V., and Cerner Corporation are some of the key vendors of wireless health across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the wireless health market study.

Citing an instance, in September 2018, Google Inc. is likely to introduce additional features in the headphones of Smartphone that can assist the end-users detect the upcoming illness earlier. Reportedly, the search engine giant has designed headphone devices to record temperature readings of users at regular time intervals on the Smartphone.

Browse the full " Wireless Health Market by Component (Hardware, Software, & Services), by Technology (WLAN/Wi-Fi, WPAN, WiMAX and WWAN), by Application (Patient-specific, Patient Communication and Support, Physiological Monitoring and Provider/Payer-specific) by End-User (Providers, Payers and Patients/Individuals): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022" report at  https://www.zionmarketresearch.com/report/wireless-health-market

As estimated in this report, the global wireless health market stood at US$ 45.40 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this wireless health market is expected to reach US$ 142.48 billion by the end of the forecast period. The main components available in this wireless health market are hardware, software, and services. Among the three, the demand for software is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Extensive Application In Platelet Screening Methods To Soar Market Revenue

“Massive demand for platelet screening procedures for identifying ailments such as HIV and Dengue are predicted to boost wireless health market trends in the years to come,” says the author of this study. Apart from this, rise in the geriatric population base along with humungous demand for wireless health equipment from patients undergoing anti-platelet treatment will further spur wireless health market revenue in the near future. In addition, massive application of wireless health in assessing risk of bleeding during surgeries and identification of genetically acquired platelet disorders are predicted to stimulate the progress of wireless health market in the years ahead.

High costs of wireless health systems along with its restricted scope, however, are projected to put brakes on the expansion of wireless health market during the forecast timeline. Nevertheless, extensive research & development activities witness across platelet devices sector is projected to open new growth horizons for wireless health market in the coming years, thereby normalizing the impact of hindrances on the wireless health market, reports the study.

Thriving Healthcare IT Sector To Contribute Towards Regional Growth

Regionally, North America has been leading the worldwide wireless health market and is anticipated to continue on the dominant position in the years to come, states the wireless health market study. Massive funding of healthcare IT activities along with surge in the patient population affected due to diabetes & cardiovascular ailments in the region is the main factor behind the dominance of the North America wireless health market. The huge presence of key market players in North America is another significant factor that is supporting the growth of this regional wireless health market. In addition, a substantial rise in the cases of bleeding, orthopedic, and urological diseases coupled with easy availability of tailored wireless healthcare solutions.

The global wireless health market is segmented as follows:

By Product

• Software
• Hardware
• Services 

By Technology          

• WLAN/Wi-Fi
• WPAN 
• WiMAX
• WWAN

By Application

• Patient-specific
• Patient Communication and Support
• Physiological Monitoring
• Provider/Payer-specific 

By End-User

• Providers
• Payers
• Patients/Individuals

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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