A wireless sensor system for healthcare typically has four integral parts, namely the sensor, a body area network (BAN), a server application, and a gateway device or a fixed hub. Recent advancements in semiconductor, networking, and material science technologies are driving the ubiquitous deployment of large-scale wireless sensor networks (WSNs).
The global wireless sensor network market, mainly driven by its convenience feature and the advancements in designs, was valued at $4.69 billion in 2013 and is expected to reach $12.32 billion by 2018, at a CAGR of 21.3% from 2013 to 2018.
The report analyzes the market in terms of 2 segments, such as wearable and implantable wireless sensor networks. The market is dominated by the wearable sensors segment, valued at $3.98 billion in 2013 and estimated to reach $10.48 billion by 2018. The market is projected to grow due to the increase in the number of chronically ill and aging population across the globe.
North America led the global wireless sensor network market in the healthcare industry with 45% share in 2013, and is expected to reach $5.46 billion by 2018, at a CAGR of 20.8% during the period under consideration. The Asian market is projected to grow at the fastest CAGR of 26.9% and is estimated to reach $2.13 billion by 2018.
The report also provides an extensive competitive landscaping of the leading companies operating in this market. The main companies extensively covered in this report are Qualcomm Inc., Aerohive Networks Inc., Siemens Healthcare, GE Healthcare, Cisco Systems Inc., Mckesson Corp, and Intel Corp, among others.
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Asia-Pacific Wireless Sensor Networks
Asia wireless sensor networks market, mainly driven by convenience factor, and advancement in designs was pegged at $0.65 billion in 2013 and expected to reach $2.13 billion by 2018, growing at a CAGR of 26.9%.
North America Wireless Sensor Networks
North America wireless sensor network market, mainly driven by convenience factor, and advancement in designs was pegged at $2.12 billion in 2013 and expected to reach $5.46 billion by 2018, growing at a CAGR of 20.8%.
Europe Wireless Sensor Networks
Europe wireless sensor network market, mainly driven by convenience factor, and advancement in designs was pegged at $1.69 billion in 2013 and expected to reach $4.23 billion by 2018, growing at a CAGR of 20.1%.