The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Wireless Healthcare by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Wireless Healthcare, The wireless healthcare market size has grown rapidly in recent years. It will grow from $174.27 billion in 2023 to $205.78 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to wearable health devices, remote patient monitoring, wireless medication management, health information exchange (hie), telehealth and telemedicine expansion.
The wireless healthcare market size is expected to see rapid growth in the next few years. It will grow to $422.16 billion in 2028 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to global health crisis response, cybersecurity measures, expansion of wireless health networks, digital therapeutics integration. Major trends in the forecast period include focus on chronic disease management, interoperability and data security, wearable technology integration, regulatory landscape changes, behavioral health apps..
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 use of smartphones also enables doctors to view patients’ documents and records. For instance, mobile devices have become commonplace in healthcare settings. In fact, 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 wireless healthcare market growth.
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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
Top Major Players:
AT&T Inc
Allscripts Healthcare Solutions Inc
Cerner Corporation
Omron Corporation
Koninklijke Philips N. V
Asia-Pacific was the largest region in the wireless healthcare market in 2023.
Wearable healthcare devices are a recent trend in the wireless healthcare market. Wearables are small electronic devices that are placed on the body and can help measure temperature, blood pressure, blood oxygen, breathing rate, sound, GPS location, elevation, physical movement, changes in direction, and the electrical activity of the heart, muscles, brain, and skin. Intelligent wearable sensors promote the transformation of healthcare from a traditional hospital-centered model to a personal portable device-centered model. There is an urgent need for real-time, multi-functional, and personalized monitoring of various biochemical target substances and signals based on intelligent wearable sensors for health monitoring, especially wound healing. Companies such as Proteus, Neurotech, and Philips Healthcare have launched wearable healthcare devices into the market.
The wireless healthcare market report table of contents includes:
1. Executive Summary
2. Wireless Healthcare Market Characteristics
3. Wireless Healthcare Market Trends And Strategies
4. Wireless Healthcare Market – Macro Economic Scenario
5. Global Wireless Healthcare Market Size and Growth
….…….
31. Global Wireless Healthcare Market Competitive Benchmarking
32. Global Wireless Healthcare Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wireless Healthcare Market
34.Wireless Healthcare Market Future Outlook and Potential Analysis
35.35. Appendix
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