The Emergence of Wearable Devices
Wearable devices have made a major impact on healthcare segment. It is one of the biggest advancements in the healthcare industry. The wearable technology has changed the way people handle their own health. The emergence of wearable devices like smart watches, which can monitor the sleeping pattern, blood sugar level, heart rate etc. have brought revolution in the personal health management. These type of wearable devices and their presence in the global market is driving the overall wireless health market. Due to the easy access and accuracy of the output, people are attracted towards such technologies. In addition, the low cost associated with such devices is also a factor responsible for its emergence in the developing regions. This ultimately is helping the wireless health market to grow in the developing regions of the globe. The government support for the use of wearable devices is fueling the demand of these tools and wireless health market is positively affected owing to this rising demand of wearable devices.
Along with that, other factors such as increasing advancements in the wireless healthcare tools and rising eHealth initiatives are driving the growth of Wireless Health Market.
Scarcity of Internet in Developing and Underdeveloped Countries
The wireless health market is completely relied on the availability of internet in the particular region. The developed nations like the United States have better internet services resulting in better access of the wireless services. However, developing nations like African countries are still facing challenges in the internet access. This scarcity of internet is resulting into the poor eHealth services and lack of awareness about the new technologies related to healthcare.
According to the World Economic Forum, around 4 billion people mostly from the developing countries still does not have internet access. This indicates that nearly half of the world population is missing the evolution of technology. This lack of internet in the developing or underdeveloped regions is responsible to hinder the growth of the wireless health market in the forecast period. Lack of awareness about the wireless health in emerging countries is another factor hampering the growth of this market.
North America Holds the Largest Share in the Wireless Health Market
North America accounts for the largest share of the market studied. This can be primarily attributed to more number of internet users in the country and adoption of innovative technological advancements, this is further expected to augment the growth of the market studied over the forecast period.
Key Developments in the Market
- Jan 2018: GE Healthcare has entered into a strategic, long-term partnership with Roche to jointly develop and co-market digital clinical decision support solutions.
Reasons to Purchase the Report
- Current and future global Wireless Health Market outlook in the developed and emerging markets
- Analysis of various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the market
- Regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Degree of Competition
6. Market Dynamics
6.1 Market Drivers
6.1.1 Increasing Advancements in the Wireless Healthcare Tools
6.1.2 Emergence of Wearable Devices
6.1.3 Rising eHealth Initiatives
6.2 Market Restraints
6.2.1 Scarcity of Internet in Developing and Underdeveloped Countries
6.2.2 Lack of Awareness about the Wireless Health in Emerging Countries
7. Market Segmentation
7.1 By Component
7.2 By Technology
7.2.1 Wireless Local Area Network (WLAN)
7.2.2 Wireless Personal Area Network (WPAN)
7.2.3 Worldwide Interoperability for Microwave Access (WIMAX)
7.2.4 Wireless Wide Area Network (WWAN)
7.3 By Application
7.3.1 Patient-specific Applications
7.3.2 Physiological monitoring
7.3.3 Patient communication and support
7.3.4 Provider Specific Applications
7.4 By End User
7.5 By Geography
7.5.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
7.5.4 Middle East and Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East & Africa
7.5.5 South America
126.96.36.199 Rest of South America
8. Company Profiles & Competitive Landscape
8.3 Cerner Corporation
8.4 Conifer Health Solutions, LLC.
8.5 GE Healthcare
8.6 Koninklijke Philips N.V.
8.7 Mckesson Corporation
8.8 Omron Corporation
8.9 Qualcomm Technologies, Inc.
8.10 Siemens A.G.
* List Not Exhaustive
9. Future of the Market