Wireless Health Market Size, Share, Growth Report 2030

Wireless Health Market

Wireless Health Market By Technology (Wireless Personal Area Network (WPAN), Wi-Fi, Worldwide Interoperability for Microwave Access (WiMAX), and Wireless Wide Area Network (WWAN)), By Component (Hardware, Software, and Services), By Application (Hospitals & Nursing Homes, Home Care, and Pharmaceuticals), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-26 Published Date: Mar-2022 Status : Published
Market Size in 2021 Market Forecast in 2028 CAGR (in %) Base Year
USD 111.23 Billion USD 343.45 Billion 20.4% 2021

Wireless Health Market Industry Prospective:

The global wireless health market was worth around USD 111.23 billion in 2021 and is estimated to grow to about USD 343.45 billion by 2028, with a compound annual growth rate (CAGR) of approximately 20.4 percent over the forecast period. The report analyzes the wireless health market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the wireless health market.

Wireless Health Market: Overview

Wireless health is a cutting-edge practice that combines conventional health with wireless technology to treat, diagnose, and monitor patients, as well as to improve their overall well-being. It is mostly used for telemedicine, which is utilized to treat patients who are digitally linked to a doctor via video conferencing and who live in places where healthcare services are not readily available. Medical care is connected to suppliers of a sensor, wireless network service providers, hardware systems, enterprise data management groups, and technology developers through wireless health. Wearable gadgets, for example, are applications of wireless health that focus on rehab, early illness identification, and personal health status.

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COVID-19 Impact:

The COVID-19 pandemic significantly triggered the demand for wireless health. The increasing load on healthcare facilities and the rising burden for routine checkups & treatments significantly increased the need for wireless health. Additionally, most of the patients preferred to consult doctors through healthcare apps during the pandemic period to avoid hospital-acquired infections. Besides, many doctors supported to diagnose and treat patients through remote consultations. All these factors significantly increased the revenue inflow for the global wireless health market during the pandemic period.

Report Scope:

Report Attributes Report Details
Report Name Wireless Health Market
Market Size in 2021 USD 111.23 Billion
Market Forecast in 2028 USD 343.45 Billion
Growth Rate CAGR of 20.4%
Number of Pages 212
Key Companies Covered Qualcomm, Philips Healthcare, Motorola Solutions Inc., Cisco Systems Inc., AT&T Inc., Allscripts Healthcare Solutions Inc., Aerohive Networks Inc., Apple Inc., Verizon Communication Inc., and Samsung Group
Segments Covered By Technology, By Component, By Application, By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Wireless Health Market: Growth Drivers

Wireless Health Market: Penetration of internet and wireless communication technology is driving the market growth

Increased use of the smartphone has changed the perspective of healthcare professionals. Instead of being distracted by time-consuming administrative procedures, healthcare providers in a connected hospital employ wireless medical devices to offer the highest quality of care to patients. Doctors and nurses can readily access up-to-date patient information, allowing them to make treatment decisions based on real-time medical data, resulting in better patient outcomes. The market is also driven by wearable devices for continuous monitoring. Medical equipment and diagnostic centers are experimenting with body-worn sensors that can monitor vital signs and send them in real-time to an internet platform that can be accessed remotely, thanks to the spread of smartphones and the acceptance of wearable gadgets.

Wireless Health Market: Restraints

Wireless Health Market: Concerns about data privacy and cybersecurity may limit the market expansion.

Nearly millions of patients are using wireless health to obtain rapid results remotely. However, such vast data with patient history, treatment, and outcomes are volatile to data piracy. Because large volumes of healthcare data are collected over the course of treatment in medical institutions such as hospitals and clinics, data theft might jeopardize patients' privacy. Cyberattacks are the biggest threat for any wireless applications as they can be hacked and used by unauthorized firms or groups, which is also contributing to the slow growth of the market.

Wireless Health Market: Opportunities

Wireless Health Market: IoT in the healthcare sector to increase usage of wireless health.

Internet of Things has the potential to transform the sector significantly, as its applications are easy to adopt and understand. Like many other industries, the Internet of Things (IoT) has aided the expansion of healthcare IT, which has necessitated the creation of a connected medical environment. In the event of unavailability, wireless network solutions aid the healthcare business by allowing physicians to access data offsite to direct diagnostics.

Wireless Health Market: Challenges.

Wireless Health Market: 24/7 operational medical sector with no downtime for network maintenance poses the biggest challenge for market.

Continuous patient flow and emergency treatments push the medical sector to function 24/7. It is important that the wireless functions remain operative during critical care. However, this could cause less attention to network maintenance and result in a shutdown of wireless operations. 

Wireless Health Market: Segmentation

The global wireless health market is segregated based on component, technology, application, and region. The component segment of the market is categorized into software, hardware, and services. Among these, the software segment contributes a major revenue share of about 41 percent. Based on technology, the market is bifurcated into Wireless Wide Area Network (WWAN), Worldwide Interoperability for Microwave Access (WiMAX), Wi-Fi, and Wireless Personal Area Network (WPAN). The application segment is divided into pharmaceuticals, home care, and hospitals & nursing homes. The home care segment is likely to register the highest CAGR by the projected period.

Recent Developments

  • In December 2021, AT&T, Qure4u, and Samsung formed an alliance to provide remote patient monitoring for high-risk patients using FirstNet®.
  • In March 2021, General Electric announced the release of Vscan Air, new wireless, hand-held ultrasound gadget designed to help the corporation gain a competitive edge in the booming market.

Regional Landscape

North America holds the dominant share of 40 % in the global wireless health market. This is attributed to a well-established healthcare infrastructure, a large number of smartphone users, and increasing adoption of remote healthcare. Increased awareness and adoption of remote/telehealth in the United States contribute to the largest share of the country in the regional market. The Healthcare sector in Canada is one of the best in the world; also it is rapidly adopting newer technologies. Due to this, the country is expected to grow at a rapid rate in the regional market. The Asia Pacific is one of the largest healthcare markets in the world and is expected to offer excellent growth opportunities for the wireless health market.

Competitive Landscape

Qualcomm, Philips Healthcare, Motorola Solutions Inc., Cisco Systems Inc., AT&T Inc., Allscripts Healthcare Solutions Inc., Aerohive Networks Inc., Apple Inc., Verizon Communication Inc., and Samsung Group are some of the major players that are operating in the global wireless health market.

The global wireless health market is segmented as follows:

Global Wireless Health Market By Technology

  • Wireless Personal Area Network (WPAN)
  • Wi-Fi
  • Worldwide Interoperability for Microwave Access (WiMAX)
  • Wireless Wide Area Network (WWAN)

By Component

  • Hardware
  • Software
  • Services

By Application

  • Hospitals and Nursing Homes
  • Home Care
  • Pharmaceuticals
  • Other

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

Some of the primary factors that are bolstering the growth of the market include increasing use of smartphones, rising in internet penetration, and growing necessity for remote patient monitoring. In addition to this, the growing inclination of the geriatric population and their family members towards wireless health for patient care is also one of the key aspects that are fostering the growth of the global market.

 

According to the Zion Market Research report, the global wireless health market was worth about 111.23 (USD billion) in 2021 and is predicted to grow to around 343.45 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 20.4 percent.

North America holds the dominant share of 40 % in the global wireless health market. This is attributed to well-established healthcare infrastructure, a large number of smartphone users, and increasing adoption of remote healthcare. Increased awareness and adoption of remote/telehealth in the United States contribute to the largest share of the country in the regional market. Healthcare sector in Canada is one of the best in the world also it is rapidly adopting newer technologies. Due to this, the country is expected to grow at a rapid rate in the regional market

Qualcomm, Philips Healthcare, Motorola Solutions Inc., Cisco Systems Inc., AT&T Inc., Allscripts Healthcare Solutions Inc., Aerohive Networks Inc., Apple Inc., Verizon Communication Inc., and Samsung Group are some of the major players that are operating in the global wireless health market.

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