Market Share of Europe Wireless Healthcare Industry
The competitive landscape in the wireless healthcare market is characterized by moderate and increasing rivalry. Established players in the industry are continuously innovating to maintain a competitive advantage. The barrier to exit is also moderate, as many of the devices can serve other sectors as well. Companies can derive significant benefits from adopting a unique strategic approach and investing in product innovation. The market's vendors are experiencing growth, prompting them to explore partnerships, joint ventures, and acquisitions, thereby intensifying competition.
For example, in October 2022, CommScope, a global leader in home networks, unveiled the HomeSight system, an innovative connected care solution designed to provide remote care services for both healthcare and homecare markets. The HomeSight system facilitates a wide range of connected homecare services offered by third-party application providers. These services include video consultations, social interaction, remote patient monitoring, community engagement, health education, and in-home environmental monitoring. HomeSight includes user-friendly connected devices that enhance the delivery of remote care, reduce isolation and loneliness, and promote independent living.
Additionally, in June 2022, NHS Digital announced a series of trials aimed at exploring how wireless technologies can enhance health and care delivery. These trials, part of the Wireless Centre of Excellence program, provide NHS organizations with access to funding for wireless technology initiatives that have the potential to improve connectivity in healthcare and care settings.
Europe Wireless Healthcare Market Leaders
AT&T Inc.
Cisco Systems Inc.
Motorola Solutions Inc.
Koninklijke Philips NV
Qualcomm Technologies Inc.
*Disclaimer: Major Players sorted in no particular order
