Thumbnail

Market Entry - Wireless Healthcare Industry in India: Analysis of Growth, Trends and Progress (2020 - 2025)

Looking to buy the report?

About the Market

On the basis of technology, the wireless health market is further segmented into WPAN, WLAN/WiFi, WiMAX, and WWAN. The WPAN technology market segment accounted for the largest share of the global wireless health market, in 2015, due to low cost and highly secure facilities. WPAN links wireless health devices with computers, increasing accessibility to care. It is further segmented into Bluetooth, RFID, Ant+, Zigbee, Z-wave, and UWB. The Bluetooth segment accounted for the largest share of the market in 2015. Owing to the relatively slow deployment of managed telehealth systems, which is in part due to a reluctance from health providers to move past trials; issues with reimbursement and stringent regulations related to the use and storage of medical data; medical devices used by consumers to independently monitor their health shall provide the biggest uptake of wireless technology in consumer health devices, over the next five years. Federal mandates such as ‘meaningful use stage II’ and growing adoption of wireless health devices among the elderly, and patients suffering from chronic illnesses are some of the factors driving the growth of the market. In the developed regions, the market is estimated to grow rapidly over the forecast period due to rising internet penetration, growing medical tourism, and increasing government initiatives for e-health. Some of the major players in this market are All Scripts Healthcare Solutions Inc., AT &T Inc., Cerner Corporation, Omron Corporation, Philips Healthcare, Verizon Communications Inc., Qualcomm Inc., Aerohive Networks Inc., Vocera Communications Inc., and Alcatel-Lucent.

About the Geography

India is the seventh largest country in the world and has the second highest population. It has a parliamentary democratic form of government and has abundant natural resources and sufficient oil reserves. The country has a huge skilled, English-speaking, and inexpensive labor force. Its young population and current economic policies have made it one of the largest recipients of FDI in the world.

Huge investment promises from different countries predict a bright future for India. It has a well-developed administration and an independent judicial system with an ever-growing consumer base. It has a huge pool of hard-working skilled workers in all fields. The government has set up tax and non-tax incentives to establish new industrial entities in specific sectors, which include energy, ports, highways, electronics, and software. The Make in India initiative was launched by the government in 2014 and received an excellent response from the developed nations. The government has also created special areas dedicated to export, called export-processing zones (EPZs) or special economic zones (SEZs), to encourage foreign investment. The strong financial sector and dynamic banking along with huge infrastructure development opportunities have made it one of the largest markets for manufactured goods and services. Due to its huge market and population, it has become one of the most competitive markets in the world. Conducting business in India has been difficult because of corruption, lack of infrastructure, and inadequate security.

 

Component Name

Unit

GDP (USD billion)

2074

GDP Annual Growth Rate

7.1

GDP Per Capita

1806

Unemployment Rate

4.9

Wages

122.1

Inflation Rate

5.05

Consumer Price Index (CPI)

131

Interest Rate

6.25

Balance of Trade (USD billion)

-7.674

Business Confidence

57.2

Manufacturing PMI (Index Points)

52.1 Index Points

Ease of Doing Business

130

Competitiveness Rank

39

Corruption Rank

76

Consumer Confidence

128

Consumer Spending (USD billion)

240.09

Bank Lending Rate (Consumers)

9.7

Corporate Tax Rate

34.61

Sales Tax Rate

14.5

            

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

Looking to buy the report?

Want some specific customizations?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message