Wireless health is a cutting-edge approach that combines established healthcare systems with wireless technology to diagnose, treat, and monitor patients’ health and well-being. It is mostly utilised for telemedicine, which is used to treat patients who are virtually linked to doctors via video conferencing, as well as those who live in places where healthcare services are not available.
Wireless health is characterised as a link between medical care and manufacturers of sensor hardware and wireless, network service providers, technology developers, and enterprise data management groups. Wearable gadgets that focus on rehabilitation, early illness diagnosis, and personal health are examples of wireless health applications. The wireless health business is expanding as the number of individuals travelling to hospitals for treatment decreases.
Over the projected period, the global wireless health market is expected to reach about USD 111.23 billion in 2021 and increase to nearly USD 343.45 billion by 2028, representing a compound yearly growth rate (CAGR) of approximately 20.4 percent over that time.
Analysis of the COVID-19 scenario:
Due to the global spread of COVID-19 and the ensuing lockout, the healthcare market has been suffering from a sustained period of decline since the outbreak. COVID-19 had an equally negative impact on major international economies, particularly the healthcare industry, beyond from the communities affected. Important stakeholders are continuing to adjust their strategies in response to the quickly changing environment. According to projections, COVID-19 will have substantial long-term ramifications for the healthcare business. In order to avoid a recurrence of the crisis, countries and important actors would have to make significant reforms to their healthcare systems.
In the future years, the market in the Asia-Pacific region is predicted to develop the most. The Asia-Pacific region’s growth may be ascribed to reasons such as expanding population, increased internet penetration, rising medical tourism, increased government eHealth programmes, and rising demand for high-quality healthcare.
The wireless health market is divided into technologies, components, applications, end users, and geographies, according to the report. The market is further subdivided into WPAN, WLAN/WiFi, WiMAX, and WWAN based on technology. In 2015, the WPAN technology market category held the greatest proportion of the worldwide market. Bluetooth, RFID, Ant+, Zigbee, Z-wave, and UWB are subsets of the WPAN technology category. In 2015, the Bluetooth sector accounted for the greatest proportion of the WPAN market. The popularity of WPAN technologies may be linked to the fact that they are user-friendly, secure, and inexpensive.
Some of the key players in the wireless health market include Allscripts Healthcare Solutions Inc. (U.S.), AT &T Inc. (U.S.), Cerner Corporation (U.S.), Omron Corporation (U.S.), Philips Healthcare (U.S.), Verizon Communications Inc. (U.S.), Qualcomm Inc. (U.S.), Aerohive Networks Inc. (U.S.), Vocera Communications Inc. (U.S)