Global Wireless Healthcare Market 2024, Forecast To 2033
27 Feb, 2024
The wireless healthcare market has rapidly expanded from $174.27 billion in 2023 to $205.78 billion in 2024, with an 18.1% CAGR, driven by wearable health devices, remote patient monitoring, wireless medication management, health information exchange, and telehealth and telemedicine expansion. The forecast anticipates continued rapid growth, reaching $422.16 billion in 2028, with a 19.7% CAGR. Growth factors include global health crisis response, cybersecurity measures, wireless health network expansion, and digital therapeutics integration. Key trends involve a focus on chronic disease management, interoperability, wearable technology integration, regulatory landscape changes, and behavioral health apps.
Global Wireless Healthcare Market Key Driver
The wireless healthcare market is experiencing growth propelled by the escalating demand for remote healthcare access via mobile phones. This trend offers cost-effective telehealth solutions, minimizes equipment requirements, and facilitates remote patient monitoring (RPM). The use of smartphones enables doctors to access patient documents efficiently. The American Medical Association's 2021 research revealed that nearly 9 in 10 physicians find advantages in digital health tools, indicating the widespread adoption of mobile devices in healthcare settings. Consequently, the surge in demand for remote healthcare access through mobile phones is a key driver of the wireless healthcare market's expansion.
Get A Free Sample Of The Global Wireless Healthcare Market ReportGlobal Wireless Healthcare Market Segments
The wireless healthcare market covered in this report is segmented –
1) By Technology: Wireless Personal Area Network (WPAN), Worldwide Interoperability for Microwave Access (WiMAX), Wi-Fi, Wireless Wide Area Network (WWAN)
2) By Component: Hardware, Software, Services
3) By Application: Patient Specific, Provider Specific
4) By End-User: Providers, Payers, Patients/Individuals
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the wireless healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wireless healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Wireless Healthcare Industry Players
AT&T Inc.; Allscripts Healthcare Solutions Inc.; Cerner Corporation; Omron Corporation; Koninklijke Philips N. V.; Verizon Communications Inc.; Qualcomm Inc.; Vocera Communications Inc.; Alcatel-Lucent Enterprise; Cisco Systems Inc.; Motorola Solutions Inc.; Healthcare Solutions Inc.; Aerohive Networks Inc.; GE Healthcare Technologies Inc.; Polar Electro Oy; Nihon Kohden Corporation; Siemens AG; McKesson Corporation; Athenahealth Inc.; International Business Machines Corporation; Honeywell International Inc.; Medtronic plc; Boston Scientific Corporation; AstraZeneca PLC; Bristol-Myers Squibb Company; Eli Lilly and Company; UnitedHealth Group Inc.; Anthem Inc.; Humana Inc.; Cigna Corporation; CVS Health Corporation; Walgreens Boots Alliance Inc.; Rite Aid Corporation; HCA Healthcare Inc.; Tenet Healthcare Corporation
Get The Full Global Wireless Healthcare Market Report
Wireless Healthcare Market Overview
Wireless healthcare refers to the integration of wireless technology into traditional medicine, such as diagnosis, monitoring, and treatment of illness, as well as other tools that can help individuals improve their personal health and wellbeing. Wireless healthcare ensures the accuracy of real-time documentation, reduces costs for consumers, provides access to real-time patient records, and enables real-time monitoring of patients' conditions even from a remote location.
Wireless Healthcare Global Market Report 2023 provides data on the global wireless healthcare market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The wireless healthcare market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.