Wireless Health Market to Rise to a Valuation of $ 309 Billion by 2025
A research study titled, “Wireless Health Market by Technology, Component, Application and End User - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the wireless health market is projected to be around $309 billion by 2025.
A research study titled, “Wireless Health Market by Technology, Component, Application and End User - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the wireless health market is projected to be around $309 billion by 2025.
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Patient-specific application segment accounted for the largest share <strong>of</strong> the market in 2016, due <strong>to</strong><br />
rise in adoption <strong>of</strong> patient specific products and need for quality healthcare. Services providers<br />
segment accounted for the major share <strong>of</strong> the overall market in 2016, due <strong>to</strong> large number <strong>of</strong><br />
healthcare providers adopting wireless health solutions <strong>to</strong> deliver high quality health care.<br />
Strategic collaborations and product development are the major strategies adopted <strong>by</strong> the<br />
companies operating in the global wireless health market. For instance, in August 2016, Philips<br />
<strong>Health</strong>care and Qualcomm Life Inc. collaborated <strong>to</strong> leverage Philips <strong>Health</strong> Suite and Qualcomm<br />
Life’s 2net platform <strong>to</strong> advance personalized connected healthcare. Likewise, in Oc<strong>to</strong>ber 2014,<br />
Philips <strong>Health</strong>care collaborated with Eseye, a global provider <strong>of</strong> M2M cellular connectivity, for<br />
supplying Multi-IMSI Any Net connectivity for their telehealth platform, Philips Motiva.<br />
Moreover, in November 2016, Smiths Medical launched Pharm Guard interoperability s<strong>of</strong>tware<br />
for smart pump programming.<br />
Regional Outlook:<br />
U.S. held the major share <strong>of</strong> the North America wireless health market in 2016 owing <strong>to</strong> the huge<br />
spending on healthcare IT in the country. According <strong>to</strong> a survey conducted <strong>by</strong> the Department <strong>of</strong><br />
<strong>Health</strong> and Human Services in May 2016, nearly all the hospitals in the U.S. are using certified<br />
Electronic <strong>Health</strong> Records <strong>to</strong> manage patients’ health records. Emerging countries such as China<br />
and India are aggressively adopting wireless health technologies.<br />
Top Major <strong>Market</strong> Players:<br />
Some <strong>of</strong> the key players in the global wireless health market are AT &T, Inc., Cerner<br />
Corporation, Alcatel-Lucent, Omron Corporation, Verizon Communications, Inc., Qualcomm,<br />
Inc., All scripts <strong>Health</strong>care Solutions, Inc., Aero hive Networks, Inc., Philips <strong>Health</strong>care, and<br />
Vocera Communications, Inc.<br />
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