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Allied Market Research

Wireless Health Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

A08437
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Feb 2021 | 61 Views
 
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COVID-19

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Wireless health is an advance technique which is a combination of the traditional healthcare system with the wireless technology for the process of diagnose, treatment and monitoring and for the well-being of the patients.It is mainly used for the telemedicine that is used to treat the patients who are virtually connected to doctor over video conferencing and to the people who are living in the areas where the healthcare facilities are not available.

Wireless health is defined as a connection of medical care with vendors of sensing hardware systems and wireless, network service providers, technology developers and enterprise data management communities. For instance, wearable devices focus on the rehabilitation, early disease detection and personal health are applications of wireless health. The wireless health market is growing, because there is a decrease in the population of people going to hospital for treatment.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($USD)

  Segments covered

  Technology, Component, Application and End User

  Geographies covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Verizon Communications, Allscripts Healthcare Solutions, Philips Healthcare, AT &T, Cerner Corporation, Omron Corporation, Qualcomm, Aerohive Networks, Vocera Communications and Alcatel-Lucent

 

COVID-19 scenario analysis:

With the outbreak of COVID-19 globally and the stipulated lockout, there is an ongoing downturn in the healthcare market. Aside from communities, COVID-19 was equally disastrous for major world economies, especially the healthcare sector. Prominent stakeholders are continuing to adapt their strategy to the rapidly changing situation. COVID-19 is projected to have significant long-term impacts on the healthcare industry. Countries and major players would have to undertake critical healthcare changes until the crisis takes a back seat.

 Technological progress, cost containment and increased access will in the near future be an integral part of healthcare reforms. Digital health and telehealth have taken a front seat in the ongoing outbreak. COVID-19 re-emphasized the importance of remote diagnosis, care and consultation. Over the past few years, regulatory and behavioral barriers have slowed Telehealth growth. However, since many healthcare providers are currently working on video conferencing and telephone calls, this segment's growth will increase several folds over the next two years. The social distancing measures also mandated online consultation of patients with moderate symptoms. In addition, it greatly reduces the burden on hospitals already swamped by counts of COVID-19 patients. Medical IoT devices that live at home with patients are now being used for optimizing outpatient treatment and minimizing repeat visits, and these devices can be further used in a crisis situation. The pandemic led to severe resource constraints. This is expected to result in the development of competitive pricing and value-based pricing models, which will accelerate the market growth in future.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Hospital-acquired contaminations are the reason of many deaths, and wireless health is reducing these risks and is one of the factors for growth of the market. In emergency clinics, more care is provided to patients by utilizing wireless equipment to ensure that optimal treatment is given. Nurses and doctors access all information about patient that helps them in taking decisions for the treatment which results more improved results of patients and this factor is influencing the growth.

Wearable gadgets are helpful for monitoring patients continuously which is driving the growth.  Issues related to cyber security and security restrain the market development as large amount of human services information is generated throughout treatment in clinical focuses, for instance emergency clinics and centers and the leakage of such type of information can harm the protection of patients. The advancement of social insurance IT has been enlarged by the mediation of Internet of Things in the business which require an associated medical clinic condition. Wireless network helps the healthcare industry by providing access of files to practitioners for direct treatment. Biosensors are helping clients by gathering information about their physical exercises, rest and generally speaking wellbeing in emergency clinics. Increase in the awareness among people about technology is one of the major factors influencing the wireless health market growth.

Key segments covered:

Segments

Sub-segments

Technology

  • WPAN
    • ZigBee
    • Ant+
    • Bluetooth
    • Ultra-wide Band
    • Z-wave
    • RFID
    • RTLS
    • IPS
  • WWAN
    • 3G and 4G
    • CDMA
    • GPS
    • GPRS
  • WiMAX
  • Wi-Fi

Component

· Hardware

· Services

· Software

Application

  • Physiological Monitoring
  • Patient-specific
  • Provider/Payer-specific
  • Patient Communication and Support

End User

  • Payers
  • Patients
  • Providers

 

Key benefits of the report:

  • This study presents the analytical depiction of the global wireless health market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the wireless health market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the wireless health market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global wireless health market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the wireless health market research report:

  • Who are the leading market players active in the wireless health market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What can be the challenges for the wireless health market in future?
  • What are the projections for the future that will help in taking further strategic steps?
 
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