Market Research Reports- Consulting Analysis Crystal Market Research Wireless Health Market by Technology, Component, A | Page 2

pressure, fluid stats and cardiac function of a patient for effective management. This reduces hospital
stays and emergency room visits. Wireless health can also be used in communicating health information
about a patient suffering from trauma present on field. Wireless health allows patient to live his life
without restricting the interaction between the patient and clinician to a specific time and place. Wireless
health helps in offering diagnosis, monitoring and treatment to patients in places where it is difficult to
reach. It helps the clinical workforce to diagnose and monitor huge populationby means of automated
monitoring.
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The software market will witness considerable growth during the forecast period as the awareness about
the advantages of healthcare IT is on the rise across the world. Increasing adoption of software
applications related to different healthcare processes such as diagnostics and patient monitoring will drive
the growth of this market over the forecast period. The WPAN segment accounted for the majority of the
wireless health market in 2016. The high security features of the technology along with low cost
implementation have majorly contributed to the robust growth of this market.
Patient-specific application segment accounted for the largest share of the market in 2016, due to rise in
adoption of patient specific products and need for quality healthcare. Services providers segment
accounted for the major share of the overall market in 2016, due to large number of healthcare providers
adopting wireless health solutions to deliver high quality health care.
U.S. held the major share of the North America wireless health market in 2016 owing to the huge
spending on healthcare IT in the country. According to a survey conducted by the Department of Health
and Human Services in May 2016, nearly all the hospitals in the U.S. are using certified Electronic Health
Records to manage patients’ health records. Emerging countries such as China and India are aggressively
adopting wireless health technologies.
Strategic collaborations and product development are the major strategies adopted by the companies
operating in the global wireless health market. For instance, in August 2016, Philips Healthcare and
Qualcomm Life Inc. collaborated to leverage Philips Health Suite and Qualcomm Life’s 2net platform to
advance personalized connected healthcare. Likewise, in October 2014, Philips Healthcare collaborated
with Eseye, a global provider of M2M cellular connectivity, for supplying Multi-IMSI AnyNet
connectivity for their telehealth platform, Philips Motiva. Moreover, in November 2016, Smiths Medical
launched PharmGuard interoperability software for smart pump programming.
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