Networking technologies offer better quality of healthcare as doctors constantly receive real time updates about their patients, thereby enabling faster treatments. They also enable shorter hospital stay without the efficiency of treatment getting hampered, through remote patient monitoring. Increasing healthcare expenditure is acting as one of the prime driving forces for the growth of this market.
The North American networking technology market, mainly driven by the need for better quality healthcare delivery and the shift from clinical care to home care healthcare industry, was valued at $5.25 billion in 2013 and is expected to reach $10.95 billion by 2018, at a CAGR of 15.8% from 2013 to 2018.
The report analyzes the market in terms of 4 segments, such as WLAN/Wi-Fi, WMAN/WiMAX, WPAN, and WWAN. The market is predominantly driven by the wireless personal area network (WPAN) technology, followed by WLAN/Wi-Fi. The WPAN market is expected to reach $4.47 billion by 2018, from $2.10 billion in 2013, at a CAGR of 16.3% during the period under consideration. The factors driving the market are advancements in Bluetooth technology and the increasing demand for RFID technology.
The U.S. led the North American networking technology market with 80% market share in 2013, and is expected to reach $8.76 billion by 2018, at a CAGR of 15.8% during the forecast period. The increasing deployment of wireless technologies in hospitals and healthcare systems in the U.S. and Canada is driving the growth of the market.
The report also provides an extensive competitive landscaping of the leading companies operating in this market. The main companies that are extensively covered in this report are Qualcomm Inc., Aerohive Networks Inc., IBM, Hewlett-Packard, Cerner Corp, and Cisco Systems Inc., among others.
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PRODUCT TITLE | PUBLISHED | |
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North America Wireless Technologies North America wireless technologies market, mainly driven by the need for better quality healthcare delivery and the shift from clinical care to home care healthcare industry was pegged at $7.37 billion in 2013 and expected to reach $16.40 billion by 2018, growing at a CAGR of 17.3%. |
Upcoming | |
Europe Wireless Technologies Europe Wireless technologies market, mainly driven by the need for better quality healthcare delivery and the shift from clinical care to home care healthcare industry was pegged at $5.89 billion in 2013 and expected to reach $12.73 billion by 2018, growing at a CAGR of 16.7%. |
Upcoming | |
Asia-Pacific Wireless Technologies Asia Wireless technologies market, mainly driven by the need for better quality healthcare delivery and the shift from clinical care to home care healthcare industry was pegged at $2.26 billion in 2013 and expected to be $6.42 billion by 2018, growing at a CAGR of 23.2%. |
Upcoming |