Global Wireless ICT in Healthcare Market: Overview
The healthcare industry has continually embraced new technologies to move a notch up with its operational efficiency. Integration of information and communication (ICT) platforms with the healthcare sector has proved to be beneficial for the operational as well as research front. Seamless monitoring of patients has become an indispensable requirement for several domains within healthcare. Moreover, increasing annual turnout of patients across healthcare centers has compelled medical practitioners to embrace fast-paced technologies. Hence, the global wireless ICT in healthcare market is projected to new avenues for growth.
The global healthcare industry is seeing spates of investments from various stakeholders in the healthcare sector. Several technologies such as electronic health records, remote patient monitoring systems, and diagnostic log-keeping have come under the spotlight of attention. This factor, coupled with the need for renewing traditional healthcare modules, has generated huge-scale demand within the global wireless ICT in healthcare market.
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Wireless ambulatory telemetry meters are the latest development in the global wireless ICT in healthcare market. Medical practitioners have quoted several instances wherein telemetry meters facilitated better treatment and diagnosis. The global market is in the initial phase of product positioning and sales. Henceforth, it is important for the leading vendors to find gaps in the healthcare IT domain, and capitalise on them.
A report by Transparency Market Research (TMR) on the global wireless ICT in healthcare market offers an exhaustive account of trends, drivers, opportunities, and restraints. The global wireless ICT in healthcare market is be segmented on the basis of the following parameters: product, application, and region. Based on application, the use of wireless ICT in healthcare for remote patient monitoring has gained traction.
Global Wireless ICT in Healthcare Market: Notable Developments
The relevance and utility of healthcare IT has facilitated several developments in the global wireless ICT in healthcare market.
- Vendors in the global wireless ICT in healthcare market are focusing on streamlining patients with the latest advances in healthcare IT. A case in point is deployment of Aerohive Networks’ wireless LAN in the healthcare industry. This could open new avenues for diagnosis and treatment of diseases.
- The integration of machine learning and artificial intelligence technologies can in cloud-managed LAN can facilitate faster diagnosis. Hence, the growth trajectory of the global wireless ICT in healthcare market is expected to ascend in the coming years.
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Some of the leading vendors in the global wireless ICT in healthcare market are Extreme Networks Inc., Cisco Systems, Inc., Cerner Corporation, and GE Healthcare.
Global Wireless ICT in Healthcare Market: Growth Drivers
- Popularity of Home Care and Telemedicine Services
The use of telemedicine services is a fresh resort for medical practitioners who are battling huge influx of patients across medical facilities. Hence, the global wireless ICT in healthcare market shall expand alongside adoption of agile methods and tactics within the healthcare sector.
- Improvements in Operational Dynamics of Pharmaceutical Industry
The use of pharmaceutical sales force management necessitates the presence of wireless IT services. This is also a key consideration while gauging the growth potential of the global wireless ICT in healthcare market.
Global Wireless ICT in Healthcare Market: Regional Outlook
On the basis of geography, the global wireless ICT in healthcare market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Improvements in healthcare IT have become a forerunner to prosperity across the North America market.
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.