The global market is valued at $23.8 billion in 2013 and is expected to reach $59.7 billion by 2018, at an estimated CAGR of 20.2% from 2013 to 2018. The major drivers impacting the growth of this market are increasing awareness, aging population, need to combat increasing healthcare expenditure, chronic disease management, and technological advances in the field. The increasing adoption of wireless health delivery by medical communities and patients to connect to real-time network communication systems for optimized care is expected to be a major growth factor. However, privacy and security issues, lack of standard communication protocols, and infrastructural and cost issues are stumbling blocks to growth of the market.
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In this report, this market is categorized into four segments, namely, wireless network technologies, wireless sensor networks, handheld devices, and mobile apps. Each segment is further sub-segmented on the basis of technology and type. Wireless network technologies consist of WLAN (Wi-Fi), WiMAX (WMAN), WPAN (Bluetooth, ZigBee, Z-Wave, UWB, and RFID), and WWAN (CDMA, GPS, 3G, and GPRS). Wireless sensor networks are wearable and implantable. Handheld devices include smartphones, tablet PC, mobile phones, pagers, and PDAS. An exhaustive value analysis for all these markets is provided for 2011, 2012, and 2013, with forecast till 2018.
In July 2013, Lenovo, a personal computer manufacturer selected Aerohive Networks, Inc. as a Wi-Fi partner for its Lenovo Managed Services in China to provide a comprehensive, managed Wi-Fi solution. This partnership enabled availability of the Aerohive Wi-Fi solution to Lenovo China clients for a range of industrial sectors, including education, healthcare, and enterprises. The strategies employed by the players help them broaden their portfolio, and offer integrated and complementary network solutions in order to sustain their position in the highly competitive market.
The North American region represents the most attractive market due to the changing and unmet needs presented by healthcare providers. North American countries are undergoing various healthcare reforms such as the American Recovery & Reinvestment Act, 2009, and U.S. Healthcare Reforms, 2010, to ensure patient information security and transparency in the healthcare delivery process. The shrinking margins have forced healthcare providers to adopt an efficient way of delivering healthcare services. Use of wireless health technologies helps achieve this, by decreasing hospital stay and readmittance rates.
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