Global Wireless Medical Technologies Industry: Asia to Exhibit Highest Growth Rate


  • Published On : Apr 02, 2015
The application of wireless medical technologies assist wireless devices in communicating with medical and healthcare service providers and receivers, which are linked with landline networks, cellular systems, and broadband services to access the internet. These applications decrease the need for long cables and wires for transmission of the data and offer safe and effective services to medical and healthcare professionals and patients. In addition to this, they create a protected workplace for these professionals to perform their healthcare practices efficiently and in more relaxed environment for the patient. 

The progression of medical and healthcare industry from the conventional paper-record keeping to electronic records has raised the need of wireless medical technologies market in this industry. Further, the high cost collected for the installation of wired devices in the hospitals has permitted the acceptance of wireless medical technologies. The information of patients is often spread in various locations and is unavailable when required. Wireless medical technologies and practice systems that are properly incorporated into hospital can streamline the work of the physician or the clinician and provide updated evidence based treatment plans for the patients.

Wireless medical technologies allows patients to get treatment from outside of the medical environments, decrease costs for better healthcare, and enables physicians to find vital medical information without visiting the office and admitting the patients in the hospital. Moreover, these technologies provide services that consume less time and diminish the risks of infections. 

Wireless medical technologies play significant roles in implementing electronic medical record (EMR) systems in hospitals and other healthcare infrastructures. They are also utilized in various devices that are rooted and worn by the patient to measure and control the functions of the body. Wireless devices are mainly categorized into and external devices and implanted devices. External devices help in monitoring vital signs and the movements of artificial limbs, whereas, implanted devices monitor hypertension, control the heartbeat, and offer operational electrical stimulation of nerves. For geriatric population, the devices based on wireless medical technologies provide significant solutions for preventive and supervised treatment and care at their home.

In existing time, the increased unavailability of medical and healthcare services in rural and remote regions is the main driving force behind the development in the global wireless medical technologies industry. Additionally, the increase in the acceptance of EMRs and other wireless medical devices are also adding to the growth of the global wireless medical technologies industry. Furthermore, the rise in the healthcare expenditure has also triggered the development in the global market for wireless medical technologies.

On the other hand, the issues relating to privacy and security in EMR systems and the shortage of IT infrastructure are some of the key restraints in the growth of the wireless medical technologies market across the globe. The high maintenance costs of the devices based on wireless medical technologies also create hurdles in the growth trajectory of the global wireless medical technologies industry.

On the basis of the regional markets for the global wireless medical technologies industry, North America and Europe lead the market for wireless medical technologies across the globe. The U.S. qualifies for the biggest market for wireless medical technologies in North America while Canada holds the second position. In Europe, the U.K., Germany, France occupy the majority of the total share in the wireless medical technologies market. 

Asia is likely to exhibit high growth rate in the coming years in the global wireless medical technologies market owing to the increasing base of geriatric population in the region. The rising awareness among people regarding wireless medical devices is also adding to the growth of the wireless medical technologies market in this region. China, Japan, and India are likely to become the fastest developing wireless medical technologies industries in the Asian market.

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