According to a recent market study published by Transparency Market Research (TMR), an extensive study on the present trends, restraints, challenges, and drivers impacting the wireless communications technologies in healthcare market. Market projections have been provided for forthcoming years and an evaluation of the current developments in technology have also been presented under this study. The report also includes the Porter’s five forces model, along with mentioning the profiles of leading industry players. A review of the macro and micro factors impacting the market has also been collated for the established market players as well as emerging players, in addition to a thorough value chain analysis.
As per the report, the healthcare industry’s shift to electronic records from the conventional paper recordkeeping has raised the need for wireless communication technologies within the healthcare sector. In addition, the use of wireless communication technologies in hospitals has enabled better streamlining of the work of clinicians and physicians, thus providing evidence-based treatment options for patients. These factors have further augmented the use of wireless communications technologies in the healthcare market, as stated in this report. On the other hand, the presence of uneven regulations in a number of countries may inhibit the growth of wireless communications technologies in the healthcare market.
The report, on the basis of networking technology, segments the market into Bluetooth, Wi-Fi, radiofrequency identification (RFID), ultra wideband (UWB), Zigbee, Z-Wave, worldwide interoperability for microwave access (WiMAX), and wireless wide area network (WWAN). The report states that wireless technologies are being used in a number of applications within the healthcare market. On the basis of medical application, the market is segmented into alarm notifications, e-prescription, telehealth, real-time waveform delivery, sales force management, clinical trial management, etc.
The report, in terms of geography, segments the market into Europe, Asia Pacific, North America, and Rest of the World (RoW). The use of wireless communication technologies in healthcare is high within the regions of Europe and North America owing to their advanced healthcare system and infrastructure. On the other hand, as per this study, Asia Pacific is predicted to experience the greatest growth rate in the forecast horizon from 2014 to 2020 due to the large customer base in the key emerging countries of India and China.
As stated in the report, the prominent players in the market are Apple, Inc., Alcatel-Lucent Sa, Cerner Corp., Allscripts Healthcare Solutions, Inc., Cisco Systems, Inc., Hewlett-Packard Company, Philips Healthcare, IBM Corp., Mckesson Corp., Intel Corp., Motorola Solutions, Inc., Verizon Communications, Inc., Qualcomm, Inc., Vocera Communications, Inc., and Siemens Healthcare, among others.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.