What Has Been the Growth Trajectory of the Wireless Healthcare Market?
The wireless healthcare market has seen considerable growth due to a variety of factors.
• In the past few years, the size of the wireless healthcare market has seen a significant expansion. Its growth is projected to increase from $201.49 billion in 2024 to a substantial $235.54 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 16.9%.
Factors such as the advent of wearable health devices, enhanced remote patient monitoring, efficient wireless medication management, health information exchange (hie), and the broadening of telehealth and telemedicine services are responsible for the phenomenal growth experienced during the historic period.
What Does the Future Hold for the Wireless Healthcare Market?
The wireless healthcare market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness a significant upswing in the forthcoming years, the wireless healthcare market size is projected to surge to $521 billion by 2029, expanding at a Compound Annual Growth Rate (CAGR) of 22.0%.
The forecast period's growth can be ascribed to elements such as response to the global health crisis, measures for cybersecurity, the broadening of wireless health networks, and integration of digital therapeutics. The forecast period also underlines the onset of major trends such as a concentrated emphasis on chronic disease management, interoperability and data safety, the incorporation of wearable technology, alterations in the regulatory landscape, and the advent of behavioral health applications.
What Main Forces Are Fueling Expansion In The Wireless Healthcare Market?
The escalating need for remote healthcare services through mobile phones is significantly contributing to the growth of the wireless healthcare market. The ability to access healthcare remotely via mobile devices not only offers the cost efficiency of telehealth due to lesser equipment needs, but also boosts the advantages of remote patient monitoring (RPM), easing the workload of medical professionals. Additionally, smartphones allow physicians to access patients' records and documents. For example, as per The Health Foundation, a charitable organization in the UK, in a survey conducted by the Commonwealth Fund in 2023, the UK and Australia surpassed other nations in implementing remote consultations for primary care. Roughly 37% of respondents in the UK confirmed availing some sort of remote virtual care or telehealth in the previous year. Hence, the surging demand for remote healthcare services via mobile phones is propelling the expansion of the wireless healthcare market.
What Are The Primary Segments In The Global Wireless Healthcare Market?
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 Or Individuals
Subsegments:
1) By Wireless Personal Area Network (WPAN): Bluetooth Technology, Zigbee Technology
2) By Worldwide Interoperability For Microwave Access (WiMAX): Fixed WiMAX, Mobile WiMAX
3) By Wi-Fi: Wi-Fi 5 (802.11ac), Wi-Fi 6 (802.11ax)
4) By Wireless Wide Area Network (WWAN): 4G LTE, 5G Technology
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Which Key Trends Are Driving Changes In The Wireless Healthcare Market?
In the wireless healthcare market, there's a recent trend for wearable healthcare devices. These tiny electronic devices, attached to an individual's body, can monitor various factors such as temperature, blood pressure and oxygen levels, breathing rate, noise, GPS coordinates, height, physical activity, directional changes, and the electrical actions of the heart, muscles, brain, and skin. These smart wearable sensors cater to the shift in healthcare models from traditionally hospital-centric to personal portable device-centric. There is a crucial demand for continuous, multifunctional, and personalized tracking of different biochemical target substances and signals through intelligent wearable sensors for health monitoring and notably, wound healing. Firms such as Proteus, Neurotech, and Philips Healthcare have already introduced wearable healthcare devices into the market.
Who Are the Key Players in the Wireless Healthcare Market?
Major companies operating in the wireless healthcare market include:
• 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
What Is The Most Dominant Region In The Wireless Healthcare Market?
Asia-Pacific was the largest region in the wireless healthcare market in 2024. 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
