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Wireless Communications/Technologies in Healthcare Market: Overview

The market intelligence study titled “Wireless Communications/Technologies in Healthcare Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023” delves into the prospect of growth of the world market for Wireless Communications/Technologies in Healthcare Market. It also assesses the sequential growth of the said market over the timeframe of forecast that extends from the year 2017 to the year 2025. The said market research study also comprises various non-pervasive and pervasive inclinations and they have also been included in the said report. A detailed snapshot of the said market with the analysis of Porter’s five forces has been provided in a bid to present a concise and clear landscape of the market vendors to the readers. The market intelligence study also points at mergers, important conglomerates, numerous research and development activities, acquisitions, and corroborations. The companies that have been profiled in the study come with thorough examination based on their market shares, prime products, and marketing strategies.

Technology has played a crucial role in the transformation of the healthcare segment all over the world. During the last decade, progress in the segments of information technology and electronics have taken place at a very fast pace thereby resulting in emergence of innovative wireless devices and its supporting technologies. Such changes have led to easy communication even at the farthest of places. The impact of wireless technology on the modern society has been profound with the healthcare sector to draw tremendous benefit from the adoption of wireless communications / technologies. Mobile and Internet are the two most influential developments that have generated major impact on the industry of healthcare through wireless communications/technologies.

Wireless Communications/Technologies in Healthcare Market: Trends and Opportunities

The transformation of the healthcare industry from the traditional paper-record keeping method to electronic or e-records has bolstered the demand for wireless communications / technologies in the segment for healthcare sector. In addition to that, the high cost that is being incurred for the purpose of installing wired gadgets in the hospitals has resulted in the increasing adoption of wireless technologies in this segment. Information about the patient is often remains scattered in many different locations and often becomes unavailable when needed for any purpose. Wireless technologies that are integrated properly into the practice and hospital systems can streamline and organize the clinician’s or the physician’s work. It can further provide treatment plans that are based on latest evidence to the patients.

Wireless Communications/Technologies in Healthcare Market: Geography

Taking geographical segmentations into consideration, the world market for wireless communications/technologies for healthcare applications can be categorized into the four major geographies of Europe, North America, Asia Pacific and Rest of the World. The said market for wireless technologies in healthcare applications for the regions of Europe and North America is large owing to the well developed healthcare system and infrastructure. However, the region of Asia Pacific is foreseen to experience highest rate of growth rate over the timeframe of forecast from the year 2014 to 2020 due to large base of potential customers in developing countries like India and China. The expanding base of geriatric population in Japan has also resulted in the augmented adoption of products and services that are based on the technology of wireless communication.

Wireless Communications/Technologies in Healthcare Market: Company Profiling

Prominent names like Allscripts Healthcare Solutions, Philips Healthcare, IBM Corp., Alcatel-Lucent Sa, Qualcomm, Inc., Apple, Inc., Verizon Communications, Inc., Motorola Solutions, Inc., Hewlett-Packard Company, Vocera Communications, Inc., Intel Corp., Siemens Healthcare, Cisco Systems, Inc., Mckesson Corp., and Cerner Corp. adorn the international market for for wireless communications / technologies in healthcare.

For the purpose of this study, the market has been segmented as follows:

  • Wireless Communications/Technologies in Healthcare Market, by Network Technology
    • Wi-Fi, Bluetooth
    • Radio-frequency identification (RFID)
    • Zigbee
    • Ultra Wideband (UWB)
    • Z-Wave, Wireless Wide Area Network (WWAN)
    • Worldwide Interoperability for Microwave Access (Wimax)
  • Wireless Communications/Technologies in Healthcare Market, by Application
    • E-prescription
    • Alarm notifications
    • Real-time waveform delivery
    • Telehealth
    • Clinical trial management
    • Sales force management
    • Others 
  • Wireless Communications/Technologies in Healthcare Market, by Geography
    • North America 
    • Asia Paci
    • Europe
    • Rest of the World

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
  • Europe
  • 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.

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Wireless Communications Technologies Market