Wireless Health Market Poised $59.7 Billion by 2018

November 21, 2013
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The “Wireless Health Market (WLAN, WMAN, WPAN, Sensors, Smartphone’s, Tablet PC, Mobile APPS) – Global Trends, Opportunities, Competitive Landscape Forecasts (2013 – 2018) ” analyzes and studies the major market drivers, restraints, and opportunities globally.

Browse 103 market data tables with 25 figures spread through 307 pages and in-depth TOC on the “Wireless Health Market”
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The global wireless health market is valued at $23.8 billion in 2013 and is expected to reach $59.7 billion by 2018, at an estimated CAGR of 20.2% from 2013 to 2018.

The wireless health market is predominantly governed by the network technologies segment, wherein wireless personal area network (WPAN) accounted for the largest share of 40.3% of the overall wireless networking technologies market in healthcare in 2013. The growth of the wireless technologies market is driven by the need for mobile and better-quality healthcare, and reduced operating costs. Government initiatives to provide better care facilities have played a vital role in the growth of the market. The handheld devices and mobile apps market is witnessing the entry of new entrants and increasing competition between existing players. The mobile apps market offers the biggest opportunities for market players in this segment.

The wireless health market has been greatly impacted by increasing awareness, ageing population, need to combat increasing healthcare expenditure,chronic disease management, and technological advances. The increasing adoption of wireless health delivery by medical communities and patients to connect to real-time network communication systems for optimized care is expected to be a major growth factor. However, privacy and security issues, lack of standard communication protocols, and infrastructural and cost issues are stumbling blocks to growth of the market.

The overall wireless health market is highly fragmented with the presence of various players such as Qualcomm, Inc. (U.S.), Aerohive Networks, Inc. (U.S.), Vocera Communications, Inc. (U.S.), Siemens Healthcare (Germany), GE Healthcare (U.K.), Verizon Communications, Inc. (U.S.), and Cisco Systems, Inc. (U.S.), among others.

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Article source: http://www.international.to/index.php?option=com_content&view=article&id=16105:wireless-health-market-poised-$59-7-billion-by-2018&catid=309:pitchengine&Itemid=446

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