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Follow on Google News | Emerging Wireless Health Trend to Transform Traditional Healthcare SystemWireless health solutions are likely to bring remarkable changes to the healthcare industry in the years to come.
The worldwide market for wireless health was evaluated at over USD 39 billion in the previous year. Furthermore, this market is predicted to exceed the value of USD 110.1 billion by 2020 registering a 23.1% CAGR in the next 5 years. Growth driving factors include increasing Internet penetration, federal mandates such as Meaningful Use Stage II, increasing patient-centric approach and also rising adoption of wireless health devices amid the elderly people and patients suffering from chronic diseases. An emerging method, molecular communication, opens immense opportunities for market players. However, further growth in the world wireless health market could be restrained to a certain extent by lack of skilled IT professionals, high costs of wearable devices and data security concerns. Interoperability and lack of data pose a key challenge for the wireless health market. In 2015, the software sector accounted for the biggest share of the world wireless health market; this sector is predicted grow rapidly through 2020, propelled by the rising need to upgrade existing software solutions and rising adoption of healthcare IT solutions. In the next 5 years, the highest growth rates are expected to be registered in the APAC region. This can be attributed to rising medical tourism, increasing Internet penetration, increasing demand for quality healthcare and favourable government initiatives for eHealth. Europe is also predicted to pose considerable growth in the offing supported by enhanced governmental eHealth initiatives together with rising demand for quality and efficient healthcare. More details are available at https://marketpublishers.com/ End
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