Industry Trends

Practices › Healthcare AnalyticsWireless Health Market


Wireless Health Market


Healthcare
Healthcare IT

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.

The global market is segmented on the basis of technologies, components, applications, and end users. The market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

On the basis of components, the market is segmented into hardware, software, and services. The software segment accounts for the largest share of the global market in 2015. Increasing adoption of healthcare IT solutions and growing need for upgrading the existing software are the major driving factors for the growth of this market.

On the basis of technology, the market of wireless health is further segmented into WPAN, WLAN/WiFi, WiMAX, and WWAN. The WPAN technology market segment accounts for the largest share in the market in 2015. WPAN technologies are highly secure and affordable, making them one of the most widely adopted wireless health technologies. The WPAN technology segment is further segmented into Bluetooth, RFID, Ant+, ZIgbee, Z-wave, and UWB.

On the basis of applications, the market of wireless health is further segmented into patient-specific applications and provider/payer-specific applications. Patient-specific applications account for a major share of the global market in 2015 due to increasing adoption of wireless devices and rising need for quality care.

On the basis of end users, the market of wireless health is further segmented into providers, payers, and patients/individuals. The providers segment accounts for the major share of the global market in 2015.

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).

Wireless Health Market

Source: U.S. Department of Health and Human Services, Healthcare Information and Management Systems Society (HIMSS), National Association of Healthcare Quality, Centers for Disease Control and Prevention (CDC), Centers for Medicare and Medicaid Services (CMS), U.S. Department of Labor, The Agency for Healthcare Research and Quality (AHRQ), Medical Records Institute, General Physician Hospital Organization (GPHO), Association of Information and Image Management (AIIM), The Economist Intelligence Unit, American Health Information Management Association (AHIMA), World Health Organization (WHO), Healthcare IT News, Annual Reports, SEC Filings, Press Releases, Investor Presentations, Expert Interviews, and MarketsandMarkets Analysis

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

We can help find ?

Latent demand for you, for your prospective client, or your prospective partners