The global wireless health market size is expected to reach
USD 315.4 billion by 2025, according to a new report by Grand View Research,
Inc., exhibiting a 23.5% CAGR during the forecast period. Increase in number of
eHealth initiatives worldwide, increase in penetration of smartphones and
Internet connectivity, and growth in the trend of self-disease management are
some of the factors boosting market growth. Growing trend toward use of
wearable devices for monitoring physical parameters, such as sleep, blood
pressure, heart rate, and physical activity, is also driving the wireless
health market.
Growing geriatric population and
subsequent rise in chronic disease burden is also driving the market. According
to The Wall Street Journal, there has been an increase in usage of digital
medicine, which enables management of chronic conditions such as diabetes,
heart diseases, and respiratory diseases. Moreover, these digital medicines are
cost-effective alternatives to traditional disease management.
Shifting trend toward value-based care
is another factor contributing to the growth of the wireless health market. At
present, some of the telehealth services, such as consulting a doctor via video
connection, are reimbursed by CMS. Use of digital services such as various
platforms for health management has promoted the development of various
applications for managing diabetes, heart diseases, and asthma. Use of
applications for chronic disease management, fitness tracking, supporting
medication adherence, preventing hospital readmissions, symptom tracking, and
managing mental and behavioral health are on the rise.
Browse full research report on Wireless Health Market: https://www.grandviewresearch.com/industry-analysis/wireless-health-market
Further key findings from the report suggest:
- Wireless Personal Area Network (WPAN) emerged as the largest
technology segment and Wireless Wide Area Network (WWAN) is anticipated to
witness the fastest growth over the coming years
- Software emerged as the largest component segment owing to
rise in number of research initiatives. The services segment, on the other
hand, is anticipated to expand at the fastest CAGR of 24.7%
- Patient-specific applications emerged as the largest segment
owing to increase in adoption and rise in research initiatives for developing
them to manage individual health
- The patient segment accounted for the largest revenue share
in terms of end use owing to increase in use of health and fitness
applications by people around the world
- Themarket is highly fragmented with participants such as IBM;
Allscripts; Cerner Corporation; Omron Corporation; Koninklijke Philips
N.V.; Epic Systems Corporation; and Evolent Health, Inc.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/wireless-health-market/request/rs1
Grand View Research has segmented the global wireless health
market report on the basis of technology, component type, application, end use,
and region:
Wireless Health Technology Outlook (Revenue, USD Billion,
2014 - 2025)
- WLAN/Wi-Fi
- WPAN
- WiMAX
- WWAN
Wireless Health Component Type Outlook (Revenue, USD Billion,
2014 - 2025)
- Software
- Hardware
- Services
Wireless Health Application Outlook (Revenue, USD Billion, 2014 -
2025)
- Patient-specific
- Physiological
monitoring
- Patient
communication and support
- Provider
specific
Wireless Health End-use Outlook (Revenue, USD Billion, 2014 -
2025)
- Providers
- Payers
- Patients/Individuals
Wireless Health Regional Outlook (Revenue, USD Million, 2014
- 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- SouthAfrica
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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