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Investment in wireless technologies continues to grow in US hospitals

Kalorama Information : 09 May, 2008  (Company News)
A new report published by Kalorama Information, Wireless in Healthcare 2008 (The Market for Bluetooth, RFID, Zigbee, UWB WWAN, WMAN, WLAN and other technologies), shows that the use of wireless technologies in healthcare continues to expand with hospitals leading the way.
The number of US hospitals has decreased by 20 percent in the last 30 years, from more than 7,000 in 1975 to 5,747 in 2007 and staff shortages, shortfalls in Medicare reimbursements, non-paying patients, increases in medical errors, and rising administrative and energy costs are squeezing hospitals

To counter these challenges, streamline processes and reduce costs, hospitals are increasingly turning to the use of wireless technologies.

Wireless sales in healthcare reached $2.7 billion in 2007, growing at 22.9 percent annually since 2005. Kalorama expects continued strong growth with a CAGR of 29.5 percent resulting in sales of $9.6 billion by 2012.

The clinical environment is highly mobile medical personnel need fast information they can act on. A shortage of nurses and physicians creates pressure on hospitals to use staff more productively. Implementing WPAN-enabled PDA units, RFID wands, and other wireless technologies will help fewer nurses and doctors serve a growing number of patients in a more effective and efficient manner, while reducing errors and costs.

“It is no surprise that hospitals are earmarking large portions of current and future budgets to wireless development,” noted Bruce Carlson, publisher of Kalorama Information. “In 2003, 25 percent of US hospitals had wireless. That figure will be somewhere between 80 percent and 90 percent in 2010.”

Approximately 72 percent of all healthcare organizations in the USA increased their IT budgets between 2006 and 2007, while 67 percent did so in 2005 and 60 percent in 2004.

Kalorama Information’s report Wireless in Healthcare 2008 (The Market for Bluetooth, RFID, Zigbee, UWB WWAN, WMAN, WLAN and other technologies) details the latest wireless trends in the healthcare market, an area ripe for growth. It includes market size, forecasts through 2012, product reviews, company profiles and eight case studies of wireless technologies in action.
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