Wireless Healthcare Market in APAC to grow by USD 41.13 billion from 2022 to 2027 | Growth Driven by Increasing adoption of wearables- Technavio

NEW YORK, Nov. 27, 2023 /PRNewswire/ -- The "wireless healthcare market in APAC by component (hardware, software, and services) and Application (healthcare amenities, home care, pharmaceuticals, and others)- Forecast and Analysis 2023-2027" report has been added to the Technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the wireless healthcare market in APAC from 2022 to 2027 is USD 41.13 billion.

The increasing adoption of wearables is the key factor driving the market growth. The development of medical devices with better characteristics has been due to advances in technology. Biosensors, Smartwatches, ECGG sensors, Handsfree wristbands, wearable activity trackers, glucose monitors, smart diaper suits, Bionic implantable devices, digital tattoos, and pedometers are some of the advanced healthcare products available today that can be used in wireless medical applications. This demand for such wearables is expected to be boosted by the increasing number of people in the region who are health-conscious.

Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge

Data privacy and security issues are significant challenges restricting market growth. Privacy and data protection issues have become a major challenge for the healthcare sector's players, which include hospitals, health centers, and insurance companies, with an increase in cyber security risks. Moreover, the end consumers, including healthcare providers and patients, have concerns regarding their privacy and security despite legislative frameworks for protecting them, since telecom network operators can easily access information generated by wireless healthcare solutions as well as insurance companies.

Learn about additional key drivers, trends, and challenges available with Technavio. Read a Free Sample PDF Report Now

The wireless healthcare market in APAC has been segmented by components (hardware, software, and services) and applications (healthcare amenities, home care, pharmaceuticals, and others).

• The market share growth by the hardware segment will be significant during the forecast period. Hospitals and other healthcare facilities need to be efficient in the management, storage, and handling of patient data and business information if they are to improve their working procedures. Hospitals and physicians have invested in servers to ensure safe storage of hospital information relating to patients, as well as the deployment of EHR/electronic medical record (EMR) systems and Storage and Backup Equipment. With the trend of remote healthcare, telemedicine, and mobile health gaining popularity, healthcare services and providers are expected to increase their spending on network infrastructure and communication equipment.

View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the Wireless Healthcare Market in APAC:

Agfa Gevaert NV, Baxter International Inc., Bio Rad Laboratories Inc., Canon Inc., Carestream Health Inc., F. Hoffmann La Roche Ltd., FUJIFILM Corp., General Electric Co., Koninklijke Philips N.V., Masimo Corp., Medtronic Plc, Mindray Bio medical Electronics Co. Ltd., Nihon Kohden Corp., Oracle Corp., Samsung Electronics Co. Ltd., Shimadzu Corp., Siemens AG, Stryker Corp., Terumo Corp., and Zebra Technologies Corp.

Related Reports:

The wireless sensor networks (WSN) market size is estimated to grow at a CAGR of 17.32% between 2022 and 2027. The market size is forecast to increase by USD 92.39 billion.

The Biometric Access Control Systems Market size is estimated to grow at a CAGR of 7.77% between 2022 and 2028. The market size is forecast to increase by USD 4,377.75 million. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Component

Market Segmentation by Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED