Digital Edition

SYS-CON.TV
Wearable Medical Devices | @ThingsExpo #IoT #M2M #API #WearableTech
The global wireless health market by products encompasses ECG monitors, insulin monitors, and neuromonitors

Wearable Medical Devices to Drive Global Wireless Health Market till 2023

Recent estimations show that an astounding 1.8 million people across the world will be using wireless remote monitoring devices by 2017. Many of these users will be those suffering from chronic diseases. To put that into perspective, consider this: about 75% of all healthcare expenditure worldwide is spent on patients suffering from chronic diseases such as diabetes, asthma, and Alzheimer's, and cardiovascular problems. Grappling with these issues, the healthcare industry has attempted to increase the integration of technology into medical services, and the wireless health market is expected to benefit from this. Transparency Market Research's report, titled ‘Wireless Health Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2023,' says that wearable medical devices will show the fastest growth within this market.

Wireless wearable health products offer convenience and round-the-clock health monitoring to patients. Moreover, the information provided by such devices is easy to interpret and thus becomes easy for patients to understand. The future of the global wireless health market will be defined by the growing use of wireless wearable devices by non-medical personnel as well. Consumers wanting to keep tabs on their lifestyle and health regimen are using wireless health devices to monitor vital parameters such as heart rate and body temperature.

Nearly 60% of devices in the wireless health market are wrist worn and the rest are worn on other parts of the body, such as the waist, arms, or torso. Manufacturers of wireless health devices are also laying special emphasis on making their products aesthetically appealing so as to gain a competitive advantage in the market. Many of them have also launched applications that can be accessed via their smartphones to harness the full potential of their wireless health devices.

The study studies the regional dynamics of the wireless health market by segmenting in into the following regions: Europe, North America, Asia Pacific, and Rest of the World. Among all regional markets, North America contributes the highest revenue to the global wireless health market. The high prevalence of chronic diseases and conditions in the region have created a conducive environment for the growth of the wireless health market in North America. With the introduction of the Affordable Care Act, consumers in the United States have been able to spend more liberally on their healthcare needs and this will also have a positive impact on the state of the wireless health market in the region. The wireless health market in Europe is the second-largest in the world.

Among the leading companies in the global wireless health market are: GE Healthcare, Siemens A.G., Omron Corporation, Polar Electro, Koninklijke Philips N.V., Mckesson Corporation, Nihon Kohden, and Cerner Corporation.

Talk to Our Research Analysts:

About Ram Sonagara
Ram Sonagara works at Transparency Market Research. TMR is a market intelligence company providing global business research reports and consulting services.



ADS BY GOOGLE
Subscribe to the World's Most Powerful Newsletters

ADS BY GOOGLE

"Akvelon is a software development company and we also provide consultancy services to folks who are...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity tra...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-O...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it r...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and ...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especia...
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapt...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use ...
HyperConvergence came to market with the objective of being simple, flexible and to help drive down ...
Deep learning has been very successful in social sciences and specially areas where there is a lot o...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced yo...
For better or worse, DevOps has gone mainstream. All doubt was removed when IBM and HP threw up thei...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking q...
Containers are rapidly finding their way into enterprise data centers, but change is difficult. How ...
I think DevOps is now a rambunctious teenager - it's starting to get a mind of its own, wanting to g...
"MobiDev is a software development company and we do complex, custom software development for everyb...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applicatio...
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his ...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at clou...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cl...