According to a new market report by Lucintel, the future of the wireless health market looks promising with opportunities in hospitals, nursing homes and home healthcare. The wireless health market is expected to grow with a CAGR of 23% from 2019 to 2024. The major growth drivers for this market are increase in funding for digital health, advancements in wireless communication technology, increasing utilization of connected devices in the management of chronic diseases, adoption of patient-centric approach by healthcare providers, and mainstreaming of cloud computing.
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Wireless health is a wireless technology which is used to perform diagnosis, monitoring and treatment of illness. In this market, software, hardware, and services are the major components. Software is the largest segment.
Within the wireless health market, WLAN/Wi-Fi, WPAN, Z-wave, WiMAX, WWAN are the major technologies. Wireless Personal Area Network (WPAN) is the largest market.
North America is the largest market over the forecast period due to rise in healthcare expenditure that demands cost-cutting measures, improved healthcare IT infrastructure, increase in adoption of IT-enabled services, and rise in awareness among the population regarding wireless technologies.
AT&T, Philips Healthcare, Qualcomm, Allscripts Healthcare Solutions, Alcatel-Lucent, Cerner Corporation, Omron Corporation, and Verizon Communications are among the major manufacturers of wireless health.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wireless health market by technology, component, application, end-use industry, and region. Lucintel has prepared a comprehensive research report titled “Wireless Health Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the wireless health market by technology, component, application, end-use industry, and region as follows:
By Technology [$M shipment analysis for 2013 – 2024]:
WLAN/Wi-Fi
WPAN
WiMAX
WWAN
By Component [$M shipment analysis for 2013 – 2024]:
Software
Hardware
Services
By Application [$M shipment analysis for 2013 – 2024]:
Patient-Specific
Physiological Monitoring
Patient Communication and Support
Provider/Payer-Specific
By End-Use Industry [$M shipment analysis for 2013 – 2024]:
Providers
Payers
Patients/Individuals
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Spain
Asia-Pacific
Rest of the World (ROW)
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wireless-health-market.aspx or helpdesk@lucintel.com.
About Lucintel
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