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 health can be defined as the use of wireless technologies and mobile devices for the benefit of a patient and healthcare system. Wireless health comprises advanced sensor technologies, wireless communications, and information technologies, which aim at improving healthcare delivery.
The North American wireless health market, mainly driven by increasing awareness, aging population, growing need to curtail the increasing healthcare expenditure, chronic disease management, and technological advances in the field, was valued at $10.97 billion in 2013 and is expected to reach $26.97 billion by 2018, at a CAGR of 19.7% from 2013 to 2018.
The report analyzes the market in terms of 3 segments, such as wireless technologies, connected handheld devices, and mHealth. The wireless health market is predominantly governed by the network technologies segment, with a commanding market value of $5.25 billion in 2013 and estimated to reach $10.95 billion by 2018, at a CAGR of 15.8% during the forecast period. In 2013, the wireless personal area network (WPAN) accounted for the largest share of 40.0% of the overall wireless networking technologies market in North America. Government initiatives for providing better care facilities have played a vital role in the growth of this market. The handheld devices and mobile apps market is witnessing the entry of new entrants, thereby increasing competition between existing players.
The U.S. led the North American wireless health market with 80% market share in 2013, followed by Canada and Mexico. The rising cost of healthcare and the increasing demand for better healthcare services has led to the adoption of advanced wireless solutions.
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 Communiations Inc., and Cisco Systems Inc., among others.
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