Wireless Healthcare Global Market Sees Growth Rate Of 23% Through 2022

The global wireless healthcare market size is expected to grow from $123.00 billion in 2021 to $151.68 billion in 2022 at a compound annual growth rate (CAGR) of 23.31%. The global wireless healthcare market size is expected to grow to $313.20 billion in 2026 at a CAGR of 19.87%.

What is the Global Wireless Healthcare Market?

The wireless healthcare market consists of sales of wireless healthcare products and related services by entities (organizations, sole traders and partnerships) that integrate wireless technology into the 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.

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What drives the Global Wireless Healthcare Market?

The rising demand for remote access to healthcare via mobile phones is a major driver of the wireless healthcare market. Remote access to healthcare services via mobile phones ensures cost benefits of telehealth as less equipment is required and it also enhances the benefits of remote patient monitoring (RPM) to reduce the burden on medical professionals. The usage of smartphones also enables the doctors to view patients' documents and records. For instance, mobile devices have become commonplace in healthcare settings. In fact, a research conducted by the American Medical Association in 2021 found that nearly 9 in 10 physicians see an advantage in using digital health tools. Further, healthcare providers are increasing their use of a variety of tools, including mobile devices. Thus, the increase in demand for remote access to healthcare via mobile phones is driving the growth of the wireless healthcare market.

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Global Wireless Healthcare Market Segments
The global wireless healthcare market is segmented:
By Technology: Wireless Personal Area Network (WPAN), Worldwide Interoperability for Microwave Access (WiMAX), Wi-Fi, Wireless Wide Area Network (WWAN)
By Component: Hardware, Software, Services
By Application: Patient Specific, Provider Specific
By End-User: Providers, Payers, Patients/Individuals
By Geography: The regions covered in the wireless healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Wireless Healthcare Global Market Report 2022provides market size and growth forecasts for the global wireless healthcare market, global wireless healthcare market share, wireless healthcare market segments and geographies, wireless healthcare market competitive landscape including leading competitors’ revenues, profiles and market shares. The wireless healthcare market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Wireless Healthcare Industry Playersinclude AT &T Inc., Allscripts Healthcare Solutions Inc., Cerner Corporation, Omron Corporation, Philips Healthcare, Verizon Communications Inc., Qualcomm Inc., Vocera Communications Inc., Alcatel-Lucent, Cisco Systems Inc., Motorola Solutions Inc., Healthcare Solutions Inc., Aerohive Networks Inc, GE Healthcare, Polar Electro, Nihon Kohden, and Siemens A.G. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.