Wireless technologies in healthcare enable wireless transmission of medical information such as health records and real-time patient data through radio/infrared signals/networks, thereby facilitating clinicians to monitor patients remotely in real-time, provide timely health information and reminders, and offer support.
Wireless technologies hold an immense potential to improve healthcare delivery and services by eliminating the significance of the place of medical treatment. Better quality medical treatment similar to that given in the hospitals is expected to reach the patients’ doorsteps, as a result of the availability of long range and high-speed wireless technologies.
The Asian wireless technologies market, mainly driven by the need for better quality healthcare delivery and the shift from clinical care to home care healthcare industry, was valued at $2.26 billion in 2013 and is expected to reach $6.42 billion by 2018, at a CAGR of 23.2% from 2013 to 2018.
The report analyzes the market in terms of 2 segments, such as wireless sensor networks and wireless networking technologies. The wireless technologies market is predominantly governed by the wireless networking technologies segment, with a commanding market value of $1.61 billion in 2013 and estimated to reach $4.29 billion by 2018, at a CAGR of 21.6% from 2013 to 2018.
In 2013, the wireless personal area network (WPAN) segment accounted for the largest share of 40.0% of the overall Asian wireless networking technologies market in healthcare. This segment is expected to reach $1.75 billion by 2018, at a CAGR of 22.1% during the forecast period. This market is primarily driven by Bluetooth technology, which is expected to lead to a greater increase in the usage of wireless technologies as it is embedded in wireless devices such as cell phone, thereby driving the market growth.
China led the Asian wireless technologies market with 40% share in 2013, followed by Japan and India. The Asian region is growing at the fastest pace, as compared to the other regions, owing to emerging countries such as India and China, which offer huge potential for growth.
The report also provides an extensive competitive landscaping of the leading companies operating in this market. The main companies that are extensively covered in this report are Qualcomm Inc., Aerohive Networks Inc., Vocera Communications, Inc., Siemens Healthcare, GE Healthcare, Verizon Communications Inc., and Cisco Systems Inc., among others.
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North America Wireless Health
North America Wireless health market, mainly driven by increasing awareness, aging population, need to combat increasing healthcare expenditure, chronic disease management, and technological advances in the field was pegged at $10.97 billion in 2013 and expected to be $26.97 billion by 2018, growing at a CAGR of 19.7%.
Europe Wireless Health
The European Wireless health market, mainly driven by increasing awareness, aging population, need to combat increasing healthcare expenditure, chronic disease management, and technological advances in the field was pegged at $8.78 billion in 2013 and expected to be $20.96 billion by 2018, growing at a CAGR of 19.0%.
Asia Wireless Health
Asia wireless health market, mainly driven by increasing awareness, aging population, need to combat increasing healthcare expenditure, chronic disease management, and technological advances in the field was pegged at $3.36 billion in 2013 and expected to be $10.56 billion by 2018, growing at a CAGR of 25.7%.