Wireless Health Market to Hit CAGR of 23.1% by 2020 with Asia-Pacific Accounted Highest Growth

The wireless health market is to witness the highest growth in the Asia-Pacific region in the coming years propelled by increasing population, growing internet penetration, rising medical tourism, increasing government initiatives for eHealth, and growing demand for quality healthcare.

Wireless health is an emerging trend in healthcare, which is expected to transform the existing traditional and paper-based healthcare system into a more technologically advanced care system with higher focus on patient safety. Wireless health solutions can help streamline workflows in healthcare systems, reduce healthcare costs, and facilitate compliance with regulatory guidelines. The global wireless health market is projected to reach USD 110.12 billion by 2020 from USD 39.03 billion in 2015, at a CAGR of 23.1% during the forecast period.

Complete report on Wireless Health Market spread across 214 pages, profiling 21 companies and supported with 103 tables and 25 figures is now available at http://www.rnrmarketresearch.com/wireless-health-market-wlan-wman-wpan-sensors-smartphones-tablet-pc-mobile-apps-global-trends-opportunities-competitive-landscape-forecasts-2013-2018-market-report.html

Federal mandates like Meaningful Use Stage II, increasing internet penetration, rising patient-centric approach, and growing adoption of wireless health devices among the elderly and patients suffering from chronic illnesses are some of the factors driving the growth of the wireless health market.

The high cost of wearable devices, lack of skilled IT professionals in healthcare, and data security concerns are expected to restrain the growth of the market to a certain extent. On the other hand, molecular communication is an emerging method that provides immense opportunities for players in the wireless health market. Lack of data management and interoperability; however, pose as major challenges for the market.

The wireless health market, by technology is segmented into software, hardware, and services. The software segment accounts for a major share of the global wireless health market in 2015 and is expected to grow rapidly during the forecast period. Increasing adoption of healthcare IT solutions to reduce healthcare costs along with the growing need for upgrading existing software solutions are the major driving factors for growth of this market.Ask for the discount before order a copy of Wireless Health Market by Technology (WPAN, WLAN/Wifi, WiMAX), Component (Hardware, Software, & Services), Application (Patient Specific and Provider/Payer Specific), & by End Users (Providers, & Payers) - Analysis & Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=113024

The wireless health market is likely to witness the highest growth in the Asia-Pacific region. Growth in the Asia-Pacific region can be attributed to factors such as increasing internet penetration, rising medical tourism, increasing government initiatives for eHealth, and growing demand for quality healthcare. Europe is also expected to grow at a robust rate due to enhanced eHealth initiatives by government and growing need for efficient and quality healthcare.

Players in this market have implemented various growth strategies to expand their footprints and strengthen their positions. The key strategies adopted by a majority of market players in the global wireless health market include agreements/collaborations/partnerships, product deployments, product launches (including product enhancements), acquisitions/mergers, expansions, and other strategies (divestments, funding, certifications, accreditations, and product integration).

On a related note, another research on Population Health Management Analysis & Global Forecasts to 2020 says, he population health management market is poised to reach USD 31.63 Billion by 2020, growing at a CAGR of 23.2% during the forecast period of 2015 to 2020. In 2015, the software segment is expected to account for the largest share of the global population health management market, by component, and is expected to grow at the fastest CAGR from 2015 to 2020. The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps the firms to garner a greater market share. Companies like McKesson Corporation, Verisk Health Inc., Health Catalyst LLC, Cerner Corporation, Allscripts, Inc., WellCentive, Inc., Conifer Health Solutions, LLC, IBM Corporation, i2i Systems, Inc., OptumHealth, Inc. and Healthagen, LLC have been profiled in this 135 pages research report available at http://www.rnrmarketresearch.com/population-health-management-market-by-component-software-services-delivery-mode-on-premise-web-cloud-end-user-provider-payer-employer-groups-government-bodies-trends-global-fore-market-report.html .

About Us:

RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets.

Contact Info:
Name: Ritesh Tiwari
Email: Send Email
Organization: RNR Market Research
Address: UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar
Phone: +1-888-391-5441
Website: http://www.rnrmarketresearch.com

Release ID: 108166