Chronic Disease Management to Drive Wireless Medical Device Market Growth

Published on February 20, 2015

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Chronic Disease Management to Drive Wireless Medical Device Market Growth

Chronic diseases and health conditions such as diabetes, high blood pressure, and Pulmonary heart disease have been a long running issue for people of all generations. Throughout the past decade, a trend involving an aging population aligned with high income levels and a concentration on health and wellness has been the focus of many corporations. In order to fulfill healthcare needs, portable wireless medical devices are needed to monitor the vitals and overall health of patients.

According to Consumer Electronics Net, the global wireless portable medical device market is slated to grow at a CAGR of 9.51% between 2014 and 2019, reaching $2.83 billion by 2020, compared to $1.5 billion in 2013. The addition of wireless technologies within portable devices and initiatives of several governments have influenced rural locations to implement innovative medical services, which have influenced the success of the wireless portable medical device industry. Improving the accessibility and affordability of healthcare is a desired goal for many within the industry.

Portable wireless medical devices are required to keep up with recent market trends in order to propose new growth opportunities. "Wireless Portable Medical Device Market by Technology (BT/BLE, Wi-Fi, ZigBee, ANT+), Component (Sensors, ICs, Processors), Application (Monitoring, Medical Therapeutics, Diagnosis, Fitness & Wellness), and Geography – Global Forecast to 2020", a report conducted by RnR Market Research, provided an in-depth analysis on a geographic basis that gave insight regarding strategic business investments in the healthcare sector. The report explained how wireless portable medical devices such as BT/BLE and Wi-Fi aligned with beneficial market segmentation, components, application, and geography.

Through Connected Hospital, Laird is focused on providing reliable and durable devices to help customers thrive within the ever-changing healthcare industry. This type of wireless technology allows caregivers and patients to travel freely throughout hospitals while providing accurate and timely monitoring. Our Wi-Fi modules allow for a persistent Wi-Fi network connection by evaluating connections, scanning for stronger connections, comparing signal strengths, and roaming to new AP. As we integrate cutting edge technology into medical devices, we strive to provide innovative products for the wireless medical device market.

To learn more about how Laird's Wi-Fi modules can be easily integrated into your wireless medical device(s), visit Laird's Wi-Fi and Wi-Fi + BT Modules.