(2019 – 2024) Wireless Healthcare Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
Wireless Healthcare Market is expected to grow at a CAGR of 27.38% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Wireless Healthcare market and main aspect about report- why should you buy this research report? so don’t miss it.
Wireless Healthcare Market Overview:
The wireless healthcare market is expected to reach a CAGR of 27.38% during the forecast period of 2019 – 2024. According to the Center for Disease Control, hospital-acquired infections cause approximately 100,000 deaths in the U.S. each year. That is why improving hand hygiene is a significant focus for the World Health Organization and the Centers for Disease Control. Sensors in soap and hand sanitizer dispensers that communicate with RFID tags in staff identification badges can now determine if and when staff sanitize their hands, which is a key trend for the market.
– Penetration of internet and wireless communication technology is driving the market. In a connected hospital, caregivers use wireless medical equipment to provide the best quality of care to patients, rather than being preoccupied by time-consuming administrative tasks. Doctors and nurses can easily access up-to-date patient information, enabling treatment decisions supported by real-time medical information and resulting in improved outcomes for the patient.
– Wearable devices for continuous monitoring is driving the market. The proliferation of smartphones and the acceptance of wearable devices have made medical device and diagnostic center to experiment with body-worn sensors that can monitor vital signs and transmit them in real time to an online platform that can be remotely accessed.
– However, cybersecurity and privacy issues are restraining the market growth as vast amounts of health data are generated in the process of treatment in medical centers such as hospitals and clinics and the theft of the data can degrade the privacy of the data.
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List of Top Key-players/Leading Manufacturers of Wireless Healthcare Market:
Scope of the Wireless Healthcare Market Report:
The wireless healthcare market is growing as the increase in the aging population across the globe is leading to a rise in the number of patients visiting the hospitals which is the root cause of the demand for the adoption of the integrated and connected medical center in hospital, nursing home and home care.
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Key Trends of Wireless Healthcare Market:
IoT in medical to Increase the Market Share
– The evolution of the healthcare IT has been augmented by the intervention of internet of things (IoT) in the industry, which called for a connected hospital environment. The wireless network solutions is helping the healthcare industry by allowing practitioners to access files remotely to direct diagnosis in case of unavailability.456- At the moment, biosensors are among the most important elements of the healthcare digital transformation. It can help users by collecting data about all their physical activities, sleep, and overall health in hospitals. Some of these devices record indicators with high sensitivity and specificity, which makes them very useful for health management, especially for treating elderly patients with several chronic diseases at once.456- Blockchain initiatives are being widely implemented in the healthcare sector. For instance, Estonian eHealth Foundation and Guardtime company entered into a partnership for integrating a Blockchain-based system to secure millions of medical records.456- As the heart disease rate is going faster, the IoT system utilizes algorithms for continuous ECG monitoring in patient in hospital. In electrocardiogram (ECG) monitoring, the system keeps track of the heart rate and the basic rhythm by recording the electrical activity of the heart. The ECG monitor consists of a wireless transmitter and a receiver. An automated application can identify an abnormal heart activity and the data is transferred in real time to mobile phones and the doctor‟s clinic via a network.
Europe to Hold a Significant Share
– Europe is a big market for wireless healthcare systems because of the increasing aging problem in this region. The proportion of Europeans aged 65 years and older will grow from 16% in 2000 to 24% by 2030. This will put an enormous pressure on the present healthcare system so, technologies like wireless healthcare system will help ease the system of providing treatment to the growing senior or elderly population.456- Healthcare in Europe is increasingly becoming digitised and there is growing need to develop and deploy sophisticated information systems. They are already being deployed for non-intrusive patient monitoring and for keeping track of the vital metrics. This information can be relayed back to caregivers and doctors in order to increase the efficiency of the medical treatment.456- For instance, the UK government has been welcoming the technology revolution in the country and has been willing to allow the implementation of the automation solutions. The pharmaceutical industry has also entered the technology domain with 63% of the major companies investing in developing mobile applications for automatically resetting the prescription deadlines and automatically reminding the patients regarding refilling the prescriptions.
Reasons to Purchase Wireless Healthcare Market Report:
- The report analyses how the stringent emission control norms will drive the global Wireless Healthcare market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Wireless Healthcare market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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