Market Trends of Wireless Healthcare Industry
Increasing Adoption of Internet of Things (IoT) and Wearble Devices in Healthcare to Drive the Wireless Healthcare Market
- The evolution of healthcare IT has been augmented by the intervention of the Internet of Things (IoT) and wearable devices in the industry, which called for a connected hospital environment. Wireless network solutions are helping the healthcare industry by allowing practitioners to access files remotely to direct diagnosis in case of unavailability.
- Moreover, with the substantial enhancements in the healthcare infrastructure, Internet of Things (IoT)-enabled remote monitoring and communication technologies are gaining significant traction over the past few years. This, in turn, has fostered the widespread adoption of wireless healthcare solutions in hospitals and nursing homes to provide quality treatment and care by accumulating medical information via body-worn sensors.
- Further, IoT's impact is changing how doctors and hospital organizations care for their patients and helping simplify healthcare, lower costs, and improve access to critical medical information. Moreover, as the heart disease rate is increasing rapidly, the IoT system utilizes algorithms for continuous ECG monitoring in patients at the hospital. In electrocardiogram (ECG) monitoring, the system keeps track of the heart rate and basic rhythm by recording the heart's electrical activities. The ECG monitor consists of a wireless transmitter and a receiver. An automated application can identify abnormal heart activity, and the data is transferred in real-time to mobile phones and the doctor's clinic via the network.
- Healthcare organizations and professionals rely on many types of data gathering or health alert systems to monitor a patient's health and vital signs owing to the proliferation of IoT and wearable devices. For instance, according to the data from ETNO, the number of Internet of Things (IoT) active connections in healthcare in the European Union (EU) is expected to reach 10.34 million connections by 2025. This further boost the demand for efficient wireless connectivity, thus, in turn, boosting the market growth.
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North America is Expected to Hold a Significant Market Share
- The North America region is expected to hold a significant market share owing to the technically advanced healthcare system, with prosperous economies, aging population segments, and advanced medical delivery systems. In addition, the growing healthcare expenditure coupled with increasing government initiatives to digitize the healthcare sector in the region are expected to drive the wireless healthcare market over the forecast period.
- Further, with an advanced primary medical community, extensive medical and life science research activities, high healthcare spending intensity, and large pharmaceutical and medical supply and device industries, the United States account for one of the world's largest markets for healthcare services.
- The North America region is home to some major market vendors operating in the wireless healthcare sector, thus driving the market rapidly. Further, digital transformation in healthcare had a rapid pace in recent years for offering connected patients, caregivers, and hospitals, primarily due to the focus on offering enhanced quality of care.
- Moreover, continuous advancements in wireless technology, such as WIFI 6 and WIFI 6E, are gaining significant traction from healthcare organizations in the region, thus positively impacting the market growth. For instance, North Carolina-headquartered Novant Health, a three-state integrated network of physician clinics, outpatient centers, and hospitals, recently announced the deployment of Extreme Networks' enterprise-grade Wi-Fi 6E solution. The Extreme AP4000 access point (AP) investment will enable the hospital to provide high-speed Wi-Fi throughout its facilities and allow dedicated, secure connectivity for mission-critical healthcare apps and medical devices.
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