Welcome!

@ThingsExpo Authors: Yeshim Deniz, Elizabeth White, Liz McMillan, Pat Romanski, Zakia Bouachraoui

Related Topics: @ThingsExpo, Mobile IoT, @DXWorldExpo

@ThingsExpo: Article

Wearable Medical Devices | @ThingsExpo #IoT #M2M #API #WearableTech

The global wireless health market by products encompasses ECG monitors, insulin monitors, and neuromonitors

Wearable Medical Devices to Drive Global Wireless Health Market till 2023

Recent estimations show that an astounding 1.8 million people across the world will be using wireless remote monitoring devices by 2017. Many of these users will be those suffering from chronic diseases. To put that into perspective, consider this: about 75% of all healthcare expenditure worldwide is spent on patients suffering from chronic diseases such as diabetes, asthma, and Alzheimer's, and cardiovascular problems. Grappling with these issues, the healthcare industry has attempted to increase the integration of technology into medical services, and the wireless health market is expected to benefit from this. Transparency Market Research's report, titled ‘Wireless Health Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2023,' says that wearable medical devices will show the fastest growth within this market.

Wireless wearable health products offer convenience and round-the-clock health monitoring to patients. Moreover, the information provided by such devices is easy to interpret and thus becomes easy for patients to understand. The future of the global wireless health market will be defined by the growing use of wireless wearable devices by non-medical personnel as well. Consumers wanting to keep tabs on their lifestyle and health regimen are using wireless health devices to monitor vital parameters such as heart rate and body temperature.

Nearly 60% of devices in the wireless health market are wrist worn and the rest are worn on other parts of the body, such as the waist, arms, or torso. Manufacturers of wireless health devices are also laying special emphasis on making their products aesthetically appealing so as to gain a competitive advantage in the market. Many of them have also launched applications that can be accessed via their smartphones to harness the full potential of their wireless health devices.

The study studies the regional dynamics of the wireless health market by segmenting in into the following regions: Europe, North America, Asia Pacific, and Rest of the World. Among all regional markets, North America contributes the highest revenue to the global wireless health market. The high prevalence of chronic diseases and conditions in the region have created a conducive environment for the growth of the wireless health market in North America. With the introduction of the Affordable Care Act, consumers in the United States have been able to spend more liberally on their healthcare needs and this will also have a positive impact on the state of the wireless health market in the region. The wireless health market in Europe is the second-largest in the world.

Among the leading companies in the global wireless health market are: GE Healthcare, Siemens A.G., Omron Corporation, Polar Electro, Koninklijke Philips N.V., Mckesson Corporation, Nihon Kohden, and Cerner Corporation.

Talk to Our Research Analysts:

More Stories By Ram Sonagara

Ram Sonagara works at Transparency Market Research. TMR is a market intelligence company providing global business research reports and consulting services.

IoT & Smart Cities Stories
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Early Bird Registration Discount Expires on August 31, 2018 Conference Registration Link ▸ HERE. Pick from all 200 sessions in all 10 tracks, plus 22 Keynotes & General Sessions! Lunch is served two days. EXPIRES AUGUST 31, 2018. Ticket prices: ($1,295-Aug 31) ($1,495-Oct 31) ($1,995-Nov 12) ($2,500-Walk-in)
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...