In a recent published report, Kenneth Research has updated the market report for Wireless Health Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Wireless Health Market products.
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Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.
Global Wireless Health Market was valued at USD 43 Billion in the year 2017. Global Wireless Health Market is further estimated to grow at a CAGR of 20.1% from 2018 to 2025 from 2018 to reach USD 185.71 Billion by the year 2025. North America region holds the highest Market share in 2017. While Asia Pacific region is considered as the fastest growing Market in the forecasted period with growing healthcare industry as the major driving factor. The U.S. is the major Market in 2017 at country level and it is further anticipated to grow at a steady pace in the next 5 years.
The major players in Wireless Health Market are Siemens AG, AT &T Inc., GE Healthcare, Koninklijke Philips N.V., Qualcomm Inc., Allscripts Healthcare Solutions Inc., Verizon Communications Inc., Polar Electro, McKesson Corporation, Omron Corporation and other 10 more companies’ detailed information is provided in research report. Acquisitions, collaboration, and new product development are their key business strategy to gain Market share.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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SWOT Analysis of Wireless Health Market
Strength
Growing wireless communication and network industry
Emerging wearable device Market
Increasing Technological adoption
Weakness
The high cost of a launched wearable device
The absence of high internet network in developing and underdeveloped countries
Lack of skilled professionals
Opportunity
Emerging IT industry and healthcare awareness
Investments in R&D for wireless health
Threats
Clinical effectiveness
Data Security and safety
By basis of components, the wireless health Market is segmented into hardware, software, and services. The software segment holds the highest Market share amongst all other components in 2017. On the other hand, WPAN technology Market segment for wireless health Market holds accounts for largest share and is expected to grow at the highest CAGR during the year 2018-2025.
By Component
Software
Hardware
Services
By Application
Patient-specific
Patient Communication and Support
Physiological Monitoring
Provider/Payer-specific
By Technology
WLAN/Wi-Fi
WPAN
WiMAX
WWAN
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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Key points covered in this report:
- The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
- The import and export details along with consumption value and production capability of every region is mentioned in the report.
- Porter’s five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
Table of Content
1. Introduction
1.1 Industry Vision
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Global Wireless Health Industry, By Technology
6.1 WLAN/Wi-Fi
6.2 WPAN
6.3 WiMAX
6.4 WWAN
7. Global Wireless Health Industry, By Component
7.1 Software
7.2 Hardware
7.3 Services
8. Global Wireless Health Industry by Application
8.1 Patient-specific
8.2 Patient Communication and Support
8.3 Physiological Monitoring
8.4 Provider/Payer-specific
9. Geographical Analysis
9.1 Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. RoE
9.4. Asia Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. RoAPAC
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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