The global wireless health monitoring market was estimated to value close to $4 billion in 2017 and it is estimated to witness a healthy growth during 2018-2023. The growing penetration of IoT across various industrial sector such as oil and gas, power, healthcare, public infrastructure and so on, to achive higher operational efficiency is poised to assist the market growth in the upcoming future.
What is Wireless Health Monitoring Market?
Wireless health monitoring incorporates the use of various sensors to monitor various conditional parameters of the subject under observation. The data generated from the sensors are then wirelessly acquired and further processed to generate various analytical results. These results can be used by the global wireless health monitoring market which is segmented by offering type, system type, end user and geography. The report also gives an in-depth analysis of various types of system including patient health monitoring, structural health monitoring and machine health monitoring system.
Recent developments in the field of battery less power solutions, such as passive sensing and energy harvesting systems and so on, are set to propel the wireless health monitoring system market in the future. Passive sensors and energy harvesting systems feature battery less operation or minimal dependency on battery. These technologies are currently being explored to develop wireless sensing nodes which feature low cost, robustness, high product life, neglible or minimal operating cost and many others. These are analyzed to drive the adoption of these systems in untapped markets, which were earlier constrained due to restricted battery use or wired sensing nodes.
What are the Applications for Wireless Health Monitoring?
The various end users include healthcare, industrial and infrastructure. The parameters monitored through wireless health monitoring systems employed in the industrial and infrastructure verticals include vibration, pressure, temperature, corrosion, deflection, lubrication and so on. Patient health monitoring systems employed in the healthcare sector majorly focus on monitoring vital signs, medication, fitness, chronic diseases and so on.
Market Research and Market Trends of Wireless Health Monitoring
- BioTel Care, a leading wireless medical technology company recently launched next generation wireless glucose monitor for diabetes management. The device feature cellular connectivity and supports real-time transmission and warehousing of patient data on a cloud database. This data can be further accessed by clinicians through the cloud to monitor and provide immediate feedback on the same.
- Nihon Kohden, one of the leading manufacturer and distributor of electronic medical equipment, launched a wirless patient monitoring system, the NK-HIQ. The system is a Wifi based smart as well as secured data acquisition and management solution for patient monitoring from admission to discharge.
- LORD MicroStrain, a U.S. based expert in developing and manufacturing miniature wireless sensing hardware and software, launched G-Link-200-OEM sensor, for wirless vibration and shock measurement for space constrained condition monitoring applications.
- Metamaterial Technologies Inc., one of the leaders in developing smart materials and photonics, acquired Medical Wireless Sensing Ltd., (Mediwise) a U.K. based expert on metametrials for medical applications. The acquisitions would assist the company to develop non-invasive wireless medical diagnostics and monitoring solutions with use of the Mediwise’s patent metamaterials.
Who are the Major Players in Wireless Health Monitoring?
The companies referred in the market research report includes Nihon Kohden Corporation (Japan), GE Company (U.S), Emerson Electric Company (U.S.), Parker-Hannifin Corporation (U.S.), SKF AB (Sweden), ABB Ltd (Switzerland), Banner Engineering Corp (U.S.), Sensor-Works Ltd (U.K.) and so on.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
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Key Takeaways from this Report
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