Global Wireless Health Market Expected To Reach $59.7 billion By 2018

Fred Pennic | HIT Consultant | September 3, 2013

The global wireless health market is currently valued at $23.8 billion in 2013 and is expected to reach $59.7 billion by 2018, at an estimated CAGR of 20.2% from 2013 to 2018, according to a new report by MarketsandMarkets.

The key drivers of rapid growth in the market are increasing awareness, aging population, need to combat increasing healthcare expenditure, chronic disease management, and technological advances in the field. The report found the increasing adoption of wireless health delivery by medical communities and patients to connect in real time for optimized care is expected to be a major growth factor. However, the report identified the some of the key barriers to the growth of the market: