Global Wireless Health Market is Set for a Rapid Growth and is Expected to Reach USD 427 Billion by 2022

14-Dec-2017 | Zion Market Research

Zion Market Research has published a new report titled “Global Wireless Health Market by Component (Hardware, Software, & Services), by Technology (WLAN/Wi-Fi, WPAN, WiMAX and WWAN), by Application (Patient-specific, Patient Communication and Support, Physiological Monitoring and Provider/Payer-specific) by End-User (Providers, Payers and Patients/Individuals): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022.” According to the report, the global wireless health market accounted for USD 45.40 billion in 2016 and is expected to reach USD 142.48 billion by 2022, growing at a CAGR of around 21% between 2017 and 2022. 

Platelets are a component of blood whose function is to form blood clots by sticking together along with the coagulation factors. The main function of platelets is to contribute to hemostasis: the process of stopping bleeding at the site of interrupted endothelium. In addition, they play a crucial role in the inflammation and other pathological situations in conjunction with other cells. With platelet disorders, there may be too many or too few platelets or platelets that do not function well. Some conditions cause changes in both the number and function of platelets. A platelet disorder causes the abnormality in blood clotting function. These disorders can be natural i.e. by birth or acquired during the lifetime due to another disease or condition. Platelet aggregation can be examined through specific tests which have to be conducted before a surgery to diagnose any abnormality in the platelet by using various Wireless Health which in turn expected to fuel the growth in Wireless Health market.

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The major drivers for Wireless Health market include increasing demand for platelet screening programs to identify diseases like HIV, Dengue etc. In addition, the market is also expected to fuel by demand from a patient population undergoing anti-platelet therapy. Apart from this, increasing geriatric population globally coupled with the growing incidences of target diseases are also expected to boost this market in coming five years. Furthermore, a wide range of new applications of Wireless Health such as assessment of surgical bleeding risk, identification of genetically acquired platelet defects etc. are also expected to drive the market growth within the forecast period. However, the high cost of purchase and limited scope at the level of end users are expected to hamper the market growth in coming five years. In spite of these restraints, research and development in the platelet devices market are expected to be an opportunity for this market in the forecast period.

The global market for wireless health is segmented on the basis of the component, technology, application, and end-user. The component segment is led by software in the year 2016. Technology segment is categorized into WLAN/Wi-Fi, WPAN, WiMAX, and WWAN. This segment was dominated by WPAN technology by accounting for the largest share in this market in 2016. This technology is highly secure and affordable which are the major driving factors for it in the wireless health market. 

Based on application, wireless health market segment is categorized into patient-specific, patient communication and support, physiological monitoring and provider/payer-specific. On the basis of end-user, this market is categorized into; providers, payers and patients/individuals. The end-user segment was dominated by the providers by capturing the largest share on this market in 2016. 

In terms of geography, North America has accounted the largest share of Wireless Health market in 2016. It is also expected to grow at the highest CAGR within the forecast period. The U.S. holds the largest market share for this market in North America owing to the presence of leading manufacturers in this region. In addition, the large patient population for target diseases; growing number of surgical procedures; increasing awareness among healthcare professionals (regarding the benefits offered by platelet aggregation testing in disease diagnosis); a significant number of patients undergoing cardiovascular surgeries; and increasing prevalence of orthopedic, urological, and bleeding disorders are also expected to drive the growth in this market in coming five years. 

North America is expected to be followed by Europe within the forecast period owing to the presence of leading manufacturers supplemented by a large number of patients suffering from cardiovascular diseases, neoplasm & strokes. Asia-Pacific is expected as a lucrative market for Wireless Health in coming five years, especially India, owing to the increasing awareness among healthcare professionals about the benefits of platelet aggregation testing in disease diagnosis. Latin America and Middle East & Africa are also expected to gain an above average growth in this market within the forecast period.

The report presents comprehensive competitive outlook with company profiles of the key players operating in the global market. Key participants profiled in the report include Siemens A.G., Omron Corporation, AT &T, Inc., GE Healthcare, Verizon Communications, Inc., Koninklijke Philips N.V., Polar Electro, Nihon Kohden, Mckesson Corporation and Cerner Corporation among others.

This report segments the Wireless Health market as follows:

Global Wireless Health Market: Component Segment Analysis

  • Software
  • Hardware
  • Services 

Global Wireless Health Market: Technology Segment Analysis

  • WLAN/Wi-Fi
  • WPAN 
  • WiMAX
  • WWAN

Global Wireless Health Market: Application Segment Analysis

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

Global Wireless Health Market: End-User Segment Analysis

  • Providers
  • Payers
  • Patients/Individuals

Global Wireless Health Market: Regional Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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