In a recent published report, Wireless Healthcare Market report for till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Wireless Healthcare Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Recent development in technology has played a pivotal factor in the transformation of the global healthcare sector.IT and automation have entered the healthcare market in the form of the wireless healthcare market. Increase in electronic healthcare records and high costs incurred in installing wired devices have increased the need for wireless technologies in the healthcare sector. Wireless technologies that are properly integrated into hospital and practice systems can streamline the hospital management’s work and even suggest up-to-date treatment plans for the patients. Wireless Technologies have shown the people associated with healthcare sector a glimpse of the future. The wireless technology in healthcare connects patient with the healthcare service provider. Treatment devices connected to the patient can help healthcare professionals to monitor patients in real time. Patients can receive regular reminders to take medications on their mobile phone which will help in ensuring medicinal adherence.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the current scenario, patients need to come to the doctors and get their check-up done to find out if there is any problem. Wireless Healthcare System will help doctors handle patients remotely without compromising on the quality and remove the need for patients to visit hospitals. The patients will be having various types of sensors like electromyogram sensor, heart monitors, blood monitors attached to their body depending on their condition. The sensors attached will be collecting various data of the patient at regular intervals. The data will be sent to the hospitals via the internet. This data will help the doctor understand the condition of the patient and will be able to make decisions and send instructions back to the patient.
The global wireless healthcare market is segmented on the basis of networking technologies used. These technologies include Wi-Fi, Radio-frequency identification (RFID), Bluetooth, Ultra Wideband (UWB), Zigbee, Z-Wave, Worldwide Interoperability for Microwave Access (WiMAX) and Wireless Wide Area Network (WWAN). On the basis of medical applications, the market is segmented into e-prescription, alarm notifications, real-time waveform delivery, telehealth, clinical trial management, sales force management, etc.
North America and Europe dominate the market due to well-developed infrastructure and healthcare system. In Japan, aging population has led to the increase in usage of products based on wireless communication technology.Asia Pacific is expected to witness highest growth rate in the coming yearsdue to a large base of potential customers.
Some of the major players in the market include Apple, Inc., Alcatel-Lucent Sa, Allscripts Healthcare Solutions, Cisco Systems, Cerner,IBM, Philips Healthcare, Hewlett-Packard Company, Mckesson, Intel, Motorola Solutions Inc., Qualcomm Inc., and Siemens Healthcare.
Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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