Wednesday, April 12, 2017

Importance Of "Wireless Devices Market" For Medical/ Healthcare Sector

Wireless portable medical devices, which are widely used in applications such as monitoring, medical therapeutics, diagnosis, and fitness and wellness, have proved to be very useful to cater to the growing need of advanced healthcare services.

Portable medical electronics have proved to be a boon to medical science as it plays an important role in overall diagnosis and patient monitoring activities. The burgeoning population, increasing income levels, increase in ageing population and awareness about health and wellness has catalyzed the growth of the portable medical devices market.

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This report on the wireless devices market for medical analyzes the portable medical devices supply chain, giving a very clear insight of all major and supported segments to the industry. This report also analyzes market trends and technologies in market dynamics such as drivers, restraints, and opportunities along with the industry’s burning issues and winning imperatives.

The total wireless devices market for medical is expected to grow from $7.52 Billion in 2013 to $17.71 Billion in 2020, growing at an estimated CAGR of 12.20% from 2014 to 2020.

The report also includes company profiles of leading players in this industry with their recent developments and other strategic business activities. The competitive landscape section of the report entails key growth strategies and a detailed market share analysis of key industry players.

In addition to that, a rise in lifestyle diseases, increasing urbanization and healthcare facilities expansion have increased the demand for personalized medical care, boosting the growth of the portable medical industry. With the advent of smart and advanced wireless capabilities, this medical field has become one of the most intriguing with the promise of great potential for healthcare sector. Additionally, government expenditures on healthcare are increasing continuously in various countries; this is also a major driving factor for the growth of wireless devices market for medical.

Some of the major players in wireless devices market for medical are GE Healthcare (U.K.), Maxim Integrated (U.S.), Texas Instruments (U.S.), STMicroelectronics N.V. (Switzerland), Freescale Semiconductor Inc. (U.S.), ON Semiconductor Corporation (U.S.), Philips Healthcare (Netherland), Omron Healthcare (Japan), Medtronic, Inc. (U.S.), Analog Devices (U.S.) and Renesas Electronics Corporation (Japan).

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