World Wireless Medical Devices Market to Cross USD 11 Bn by 2020, Informs iRAP in Its Cutting-Edge Research Study Available at MarketPublishers.com
13 Apr 2017 • by Natalie Aster
LONDON – The global market for wireless devices ha sustained robust growth over the last decade and is predicted to continue increasing in the coming years owing to the constantly rising demand for patient care together with enhancing adoption across hospitals and clinics. Moreover, steady economic upturn and greater access to healthcare in developing countries also encourage growth in the usage of different medical products across the world. Furthermore, there has been continuous technological innovation (especially in implants, sensors and wireless communication) in the wireless medical device industry, which drives the increase in number of applications.
The world’s wireless medical devices market is anticipated to exhibit impressive growth of slightly over 25% during the next five years. As of 2015, the market value stood at around USD 3.6 billion, and it is expected to cross USD 11 billion by the year 2020.
Asia is considered to offer the best opportunities for growth, this trend is likely to continue through 2020. The annual growth rate of the Asian wireless devices market could reach 26.4%, with the highest growth rates expected to be seen in China and India.
Cutting-edge research publication “Wireless Medical Devices: A Global Technology, Industry and Market Analysis” elaborated by Innovative Research & Products, Inc. (iRAP) offers a detailed guide to the world’s market as well as touches upon the scenario across the key geographical markets. The report discloses updated statistics and important industry performance estimates, scrutinizes the main influencing forces and also identifies top opportunities and threats. The study delves into competitive landscape and provides a future outlook through 2020.
Visit the iRAP online catalogue at MarketPublishers.com to find a wide range of in-demand research reports prepared by this publisher.