Wireless Health Market to Reach $38 Billion by 2016April 19, 2012
According to market analysis from MarketResearch.com, the wireless health market will experience a CAGR of 19.43% from 2011 to 2016.
ROCKVILLE, MD -- (Marketwire) -- MarketResearch.com has announced the addition of the new report "Wireless Health Market (WLAN, WMAN, WPAN, SENSORS, SMARTPHONES, TABLET PC, MOBILE APPS) - Global Trends, Opportunities, Competitive Landscape & Forecasts Till 2016" to their collection of Information Technology market reports.
According to the West Wireless Health Institute (WWHI), wireless health may be defined as "the use of wireless technologies for personal health management and health care delivery. Encompasses solutions that facilitate continuous access to health care information, expert advice, or therapeutic intervention enabled by ubiquitous telecommunication networks. Example applications include real-time monitoring, medication compliance and imaging."
The wireless health market is segmented on the basis of wireless technologies, handheld devices, and mobile apps across their applications in healthcare amenities (hospitals, nursing homes), pharmaceuticals, medical and diagnostic laboratories, home care, telehealth and by physicians. The global wireless health market is forecasted to reach $38.51 billion by 2016, at a CAGR of 19.43% from 2011 to 2016.
Wireless technologies segment includes the wireless network technologies and wireless sensor networks market. Wireless network technologies comprises of Wi-Fi, WiMAX, wireless personal area network (Bluetooth, Z-wave, ZigBee, UWB), wireless wide area network technologies (CDMA, GPS, GPRS, 3G) and wireless sensor networks with their applications in healthcare industry. The handheld devices and apps segment comprises of the mobile devices and mobile apps which are contributing to the growing wireless health market. It includes devices such as Smartphones, tablet pc, mobile phone, PDA, pagers and various mobile apps that cater the need of a patient and the healthcare professional.
North America dominated the global wireless health market with around 45% share in 2011. The U.S. captures the largest market share of North America, and shows a remarkable growth opportunity. The second largest market is Europe, and Asia-Pacific region is the fastest growing region with China capturing the largest market share of APAC region.
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