Technology is making rapid inroads into the healthcare system. Storing the medical history on cloud and having real-time, location-independent access to it has become a key trend in the healthcare industry. Owing to the rapid advancements in the technological sector, many manual processes of the healthcare sector have been automated. Against the backdrop of these developments, the healthcare WLAN market is anticipated to witness steady growth during the forecast period 2016-2024. A combination of factors will contribute to the growth of the market during the forecast period. These range from growing healthcare budgets in emerging economies to rising awareness on the benefits of incorporating technology into healthcare.
Healthcare WLAN Market: Key Drivers
From end-user perspective, hospitals, ambulatory surgical centers, and clinics are focusing on delivering high-quality, accurate services to their clients, owing to which adoption of technology is gaining traction. Although this trend is majorly observed in developed countries, steady economic growth in emerging countries is anticipated to provide an impetus to the growth of this market during the forecast period.
Emerging economies, for long, have faced an uphill task in providing quality healthcare services to their citizens. Burdened by high population and limited resources, healthcare services in developing countries have left a lot to be desired. However, consistent economic progress has created a burgeoning middle class that views health and well-being as a necessity rather than an afterthought. Also, access to new wealth has offered these countries an opportunity of revamping their existing healthcare structure. Adoption of technology to offer quality services on a real-time basis is gaining traction in these countries, and it is anticipated that during the forecast period, many emerging countries, especially in Asia Pacific, will witness robust adoption of WLAN technology in their healthcare systems.
Healthcare WLAN Market: Technological Innovation Boosting Adoption
Incorporation of WLAN in technology can also boost attendance rate for GP appointments. Billions of dollars are lost every year owing to non-attendance. Robust adoption of WLAN in healthcare is expected to reduce missed appointments, giving a fillip to the overall market.
In addition to demand from end-users, another key factor that is expected to ramp up adoption is technological innovation. 802.11ac Wave 2 wireless is enabling more healthcare providers to transmit information at a higher speed than previous technology models.
Challenges for Adoption of WLAN in Healthcare
While the global healthcare Wi-Fi market is anticipated to witness a steady growth in the future, there are certain challenges that need to be met before this technology becomes all-pervasive. Except for developed and fast-growing economies, awareness and adoption of WLAN in healthcare system is quite low in other regions of the world. Africa, home to over 1 billion people, is lagging in terms of adoption of technology and only South Africa has a robust system in place. Sluggish adoption in Africa can slow down the global rate; however, key players in the market have ample opportunities to tap into fast-growing economies in Asia Pacific.
Leading companies in the market are focusing on consolidating their position by launching innovative products in developed countries. The strategy for developing countries is based around pricing, and collaborating with regional players is a key component of the strategy.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.