According to Stratistics MRC, the Global Wireless Health market is expected to grow from $37.26 billion in 2015 to reach $151.74 billion by 2022 with a CAGR of 22.2%. Growing technological advancements in wireless communication, increasing usage of internet and bandwidth are some of the major factors propelling the market growth. In addition, rapid changes in health care services and mainstreaming of cloud computing are other factors driving the market growth. On the other hand, privacy issues of data, expensive wearable devices, and dearth of skilled IT professionals in healthcare are the factors hindering the market growth.
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Among all devices smartphone segment is experiencing highest CAGR during the forecast period. North America accounted for the largest share in global wireless health market followed by Europe. Asia Pacific is expected to witness huge growth rate during forecast period. It is attributed to growing geriatric population, growing adoption of healthcare IT solutions, and increasing medical tourism industry in emerging countries such as China, Japan and India.
Some of the key players in global wireless health market include Intel Corporation, IBM Corporation, Hewlett-Packard Company, Cisco Systems, Inc., Cerner Corporation, Brocade Communications Systems, Inc., AT&T, Inc., Aruba Networks, Inc., Apple, Inc., Allscripts Healthcare Solutions, Inc., Alcatel-Lucent Sa, Aerohive Networks, Inc., Vocera Communications, Inc., Verizon Communications, Inc., Siemens Healthcare, Samsung Group, Research In Motion (Blackberry), Qualcomm, Inc., Philips Healthcare, Motorola Solutions, Inc., and Mckesson Corporation.
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