Author: Himanshu Patni
19 November 2022
The global wireless health market is expected to register a CAGR of around 25% over the period of 2021-2027. This is mainly due to the advancements in wireless communication technologies, growing utilization of wireless devices in the management of chronic diseases, growing internet penetration, and the rising adoption of a patient-centric approach by healthcare service providers. Moreover, the rapidly shifting trend toward value-based care followed by the growing trend of self-disease management will positively stimulate the industry landscape. Wireless health is the integration of wireless technology with traditional medicine, such as diagnosis, monitoring, and treatment of diseases, as well as other tools that can help individuals improve their personal.
Based on the component, the market is segmented into software, hardware, and services. Among these, the hardware segment held a prominent share of the wireless health market in 2020 and is expected to witness substantial growth during the forecast period owing to the growing trend toward the use of wearable devices, shifting trend toward value-based care, and advancements in wireless technologies.
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Based on technology, the market is categorized into WLAN/Wi-Fi, WPAN, WiMAX, and WWAN. The WPAN segment captured a significant share of the wireless health market in 2020 and is anticipated to witness strong growth during the forecast period. The growth of this segment can be attributed to the lower costs of WPAN than WLAN, WiMAX, and WWAN and the flexibility, security, and ease of use of WPAN.
For a better understanding of the market adoption of wireless health, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World. North America accounted for a prominent share of the global wireless health market and is expected to grow at a steady growth rate during the forecast period owing to the responsiveness toward the latest technological advancements and increased disease prevalence and healthcare expenditures. In addition, improved healthcare IT infrastructure and increasing adoption of wireless technologies are playing a significant role in the growth of this market in the region.
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Some of the major players operating in the wireless health market are Allscripts Healthcare Solutions Inc., AT&T Inc., Cerner Corporation, Omron Corporation, Philips International B.V., Verizon Communications Inc., Qualcomm Technologies Inc., Vocera Communications Inc., Aerohive Networks Inc., Alcatel–Lucent S.A.
Global Wireless Health Market Segmentation
Market Insight, by Component
Market Insight, by Technology
Market Insight, by Application
• Patient-specific
• Physiological monitoring• Provider/payer-specific• Others
Market Insight, by End-User
Market Insight, by Region
Top Company Profiles
• Allscripts Healthcare Solutions Inc.
• AT&T Inc.• Cerner Corporation• Omron Corporation• Philips International B.V.• Verizon Communications Inc.• Qualcomm Technologies Inc.• Vocera Communications Inc.• Aerohive Networks Inc.• Alcatel–Lucent S.A.
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