Global Wireless Medical Device Market Worth USD 11.0 Billion by 2020
The global market for wireless medical devices is expected to grow by about 25.1% over the next five years from USD 3.6 billion in 2015 to about USD 11.0 billion by 2020. The growth is likely to continue being driven by the increasing demand for patient care and an expansion of wireless electronic devices and networks in hospitals and other clinical settings. Moreover, economic growth, coupled with greater access to health care in countries such as China, India and Brazil, has contributed to an increase in the use of medical products worldwide. Additionally, within the wireless medical device industry, there has been continuous innovation in the technologies of sensors, implants and wireless communication, which is increasing the scope of wireless medical technology applications.