Wireless Health Market
Market Overview:
It is expected that the global Wireless Health Market will witness a 23% CAGR over the 2018-2023 forecast period. Wireless health is the application of wireless technology to diagnose, monitor and treat diseases and tools in the healthcare sector that can help an individual improve his or her personal health. It is healthcare provision that includes telecommunications techniques.
The Emergence of Wearable Devices:
Wearable devices that have had a significant effect on the segment of healthcare. It is one of the healthcare industry s greatest advances. Wearable technology has altered people s way of managing their own health. The emergence of wearable devices such as smart watches that can monitor sleep patterns, level of blood sugar, heart rate, etc. has brought revolution in personal health management. The overall wireless health market is driven by these types of wearable devices and their presence on the global market. People are drawn to such techniques because of the simple access and precision of the output. In addition, the low cost associated with such devices is also a factor in the development regions responsible for its emergence. In the end, this helps the wireless health industry to develop in the world’s developing regions. Government support for the use of wearable devices is fueling these tools demand and the wireless health market is being positively affected as a result of this rising demand for wearable devices.
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In addition, other factors such as increasing advances in wireless healthcare tools and rising eHealth initiatives drive Wireless Health Market growth.
Internet Shortage In Developing And Underdeveloped Countries:
The wireless health market is entirely dependent on internet availability in the region. Developed nations like the U.S. have better internet facilities leading to better wireless services access. Developing nations such as African countries, however, still face internet access difficulties. This web scarcity results in bad eHealth facilities and absence of knowledge of new healthcare-related techniques.
According to the World Economic Forum, approximately 4 billion individuals still do not have internet access, mostly from developing nations. This shows that the evolution of technology is missing nearly half of the world population. This absence of internet in developing or underdeveloped areas is liable in the forecast period for hampering the development of the wireless health industry. Another factor hampering this market’s development is the lack of knowledge of wireless health in emerging countries.
North America Holds the Largest Share in the Wireless Health Market:
North America represents the largest market share studied. This can be attributed primarily to the increased number of internet users in the country and the adoption of innovative technological advances, which is further expected to increase the market growth studied over the forecast period.
Key Developments in the Wireless Health Market:
In January, 2018: GE Healthcare has entered into a long-term strategic relationship with Roche to jointly create and co-market alternatives to promote digital clinical decision making.
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Wireless Health Market Major Players:
• Allscripts
• AT&T
• Cerner Corporation
• Conifer Health Solutions LLC.
• GE Healthcare
• Koninklijke Philips N. V.
• Mckesson Corporation
• Omron Corporation
• Qualcomm Technologies, Inc.
• Siemens A.G.
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