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Global Wireless Health Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 9/1/2022
  • NO OF PAGES
  • 272
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview:

The global wireless health market size was valued at USD 120.12 billion in 2022 and is expected to reach USD 351.12 billion by 2032, with a CAGR of 13.2% during the forecast period 2023-2032. With the widespread availability of smartphones and the increasing use of mobile apps for healthcare purposes, the adoption of mHealth technologies is on the rise. This trend is expected to continue, leading to the growth of the wireless health market. With the aging population and the rising prevalence of chronic diseases, there is a growing demand for RPM solutions that allow patients to monitor their health remotely. This trend is expected to drive the growth of the wireless health market. There is a constant need for innovation in wireless health devices to improve their performance and increase their adoption. Advances in sensors, wireless communication technologies, and data analytics are expected to drive the growth of the wireless health market. Governments around the world are promoting the use of wireless health technologies to improve healthcare outcomes and reduce healthcare costs. This is expected to drive the growth of the wireless health market. Wireless health technologies can play a key role in personalized medicine by enabling real-time monitoring of patients' health and providing personalized treatment recommendations. This trend is expected to drive the growth of the wireless health market.

Driver: Growing need for continuous health monitoring is propelling Wireless Health Market growth.

With the growing prevalence of chronic diseases and the need for continuous health monitoring, patients and healthcare providers are turning to wearable devices and mobile health apps for tracking vital signs, medication adherence, and disease management. The ease of use and convenience of these wireless health technologies, coupled with the ability to provide real-time data and feedback, has led to their widespread adoption and is driving the growth of Wireless Health Market. Additionally, advancements in wireless technology and increasing investments in research and development are also fueling Wireless Health Market growth.

Segmentation:

By Technology

·         Wi-Fi

·         Bluetooth

·         ZigBee

·         RFID

·         Others

By Component

·         Wireless Sensors

·         Wireless Monitors

·         Smartphones

·         Tablets

·         Wearable Devices

·         Others

By Application

·         Patient Monitoring

·         Diagnostics

·         Treatment

·         Wellness and Fitness

·         Others

By End-User

·         Hospitals and Clinics

·         Home Healthcare

·         Pharmaceutical Companies

·         Others

Geographical Analysis:

The wireless health market is a rapidly growing industry that incorporates wireless technology into healthcare to improve the efficiency and effectiveness of healthcare delivery. This market is driven by several factors, including the increasing prevalence of chronic diseases, the rising demand for remote patient monitoring and diagnosis, the need for cost-effective healthcare solutions, and the increasing adoption of wearable devices and mobile health applications.

North America is currently the dominant region in the wireless health market due to the presence of a large number of market players, favorable government initiatives, and the high adoption rate of wireless health technologies. However, the Asia-Pacific region is expected to witness the highest growth during the forecast period due to the increasing demand for cost-effective healthcare solutions, rising government initiatives, and the growing prevalence of chronic diseases. Overall, the wireless health market is expected to continue its rapid growth in the coming years as healthcare providers increasingly adopt wireless technology to improve patient outcomes, reduce costs, and enhance the overall quality of care.

Recent Developments: Global Wireless Health Market

Here are some recent developments related to the wireless health market:

·         In August 2020, BioTelemetry, a leading wireless medical technology company, was acquired by Philips for USD 2.8 billion. The acquisition is expected to strengthen Philips' remote monitoring and diagnostic capabilities.

·         In November 2020, Dexcom, a leader in continuous glucose monitoring, acquired TypeZero Technologies, a developer of personalized diabetes management solutions. The acquisition is expected to enhance Dexcom's automated insulin dosing system.

·         In January 2021, Teladoc Health, a telehealth company, acquired Livongo, a digital health company specializing in chronic disease management, for USD 18.5 billion. The acquisition is expected to create a leading consumer-focused virtual care platform.

·         In February 2021, Hims & Hers, a digital health and wellness company, announced plans to go public via a merger with Oaktree Acquisition Corp., a special purpose acquisition company (SPAC).

·         In March 2021, ResMed, a global leader in digital health, acquired Spry Health, a provider of remote patient monitoring solutions. The acquisition is expected to expand ResMed's offerings for COPD and other chronic diseases.

Impact of the Russia-Ukraine War on the global Wireless Health Market:

The ongoing conflict between Russia and Ukraine has had a significant impact on various industries, including healthcare and medical technology. The war has resulted in an economic and political crisis in the region, leading to a decline in foreign investments and a slowdown in business activities. One of the significant impacts on the healthcare industry is the disruption in the supply chain of medical devices and equipment. The conflict has affected the transportation of medical supplies, leading to shortages of essential medical equipment, such as ventilators, diagnostic tools, and other medical devices, in the affected areas. The war has also led to a significant decrease in healthcare funding and investment, affecting the development and innovation of new medical technologies in the region. Many medical technology companies have halted their expansion plans, leading to a decline in employment opportunities and investment in the sector.

Moreover, the conflict has caused an increase in healthcare expenditure due to the rise in injuries and casualties. The healthcare system has been overwhelmed, with hospitals struggling to cope with the high number of patients. The situation has led to a decrease in the quality of healthcare services and an increase in the cost of medical care. In conclusion, the ongoing war in Russia and Ukraine has had a severe impact on the healthcare industry and the medical technology market in the region. The disruption in the supply chain, decrease in funding and investment, and increase in healthcare expenditure have significantly affected the growth and development of Wireless Health Market.

Company Profiles:

·         Medtronic plc

·         Philips Healthcare

·         GE Healthcare

·         Qualcomm Technologies, Inc.

·         Cerner Corporation

·         McKesson Corporation

·         Athenahealth, Inc.

·         Verizon Communications Inc.

·         Omron Corporation

·         Johnson & Johnson

·         Cisco Systems, Inc.

·         IBM Corporation

·         Apple Inc.

·         Samsung Group

Why to buy this Report?

Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Wireless Health Market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Wireless Health Market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.


Key Points:
Define, describe and forecast Wireless Health product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Wireless Health Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Wireless Health
1.3 Wireless Health Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Wireless Health
1.4.2 Applications of Wireless Health
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 Cerner Corporation (U.S.) Market Performance Analysis
3.1.1 Cerner Corporation (U.S.) Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Cerner Corporation (U.S.) Sales, Value, Price, Gross Margin 2016-2021
3.2 Vocera Communications, Inc. (U.S.) Market Performance Analysis
3.2.1 Vocera Communications, Inc. (U.S.) Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Vocera Communications, Inc. (U.S.) Sales, Value, Price, Gross Margin 2016-2021
3.3 Omron Corporation (U.S.) Market Performance Analysis
3.3.1 Omron Corporation (U.S.) Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Omron Corporation (U.S.) Sales, Value, Price, Gross Margin 2016-2021
3.4 Alcatel-Lucent (U.S.) Market Performance Analysis
3.4.1 Alcatel-Lucent (U.S.) Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Alcatel-Lucent (U.S.) Sales, Value, Price, Gross Margin 2016-2021
3.5 Verizon Communications, Inc. (U.S.) Market Performance Analysis
3.5.1 Verizon Communications, Inc. (U.S.) Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Verizon Communications, Inc. (U.S.) Sales, Value, Price, Gross Margin 2016-2021
3.6 Aerohive Networks, Inc.(U.S.) Market Performance Analysis
3.6.1 Aerohive Networks, Inc.(U.S.) Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Aerohive Networks, Inc.(U.S.) Sales, Value, Price, Gross Margin 2016-2021
3.7 Philips Healthcare (U.S.) Market Performance Analysis
3.7.1 Philips Healthcare (U.S.) Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Philips Healthcare (U.S.) Sales, Value, Price, Gross Margin 2016-2021
3.8 Allscripts Healthcare Solutions, Inc. (U.S.) Market Performance Analysis
3.8.1 Allscripts Healthcare Solutions, Inc. (U.S.) Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Allscripts Healthcare Solutions, Inc. (U.S.) Sales, Value, Price, Gross Margin 2016-2021
3.9 Qualcomm, Inc. (U.S.) Market Performance Analysis
3.9.1 Qualcomm, Inc. (U.S.) Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Qualcomm, Inc. (U.S.) Sales, Value, Price, Gross Margin 2016-2021
3.10 AT &T, Inc. (U.S.) Market Performance Analysis
3.10.1 AT &T, Inc. (U.S.) Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 AT &T, Inc. (U.S.) Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Wireless Health Production and Value by Type
4.1.1 Global Wireless Health Production by Type 2016-2021
4.1.2 Global Wireless Health Market Value by Type 2016-2021
4.2 Global Wireless Health Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 WPAN Market Production, Value and Growth Rate
4.2.2 WLAN/Wifi Market Production, Value and Growth Rate
4.2.3 WiMAX Market Production, Value and Growth Rate
4.3 Global Wireless Health Production and Value Forecast by Type
4.3.1 Global Wireless Health Production Forecast by Type 2021-2026
4.3.2 Global Wireless Health Market Value Forecast by Type 2021-2026
4.4 Global Wireless Health Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 WPAN Market Production, Value and Growth Rate Forecast
4.4.2 WLAN/Wifi Market Production, Value and Growth Rate Forecast
4.4.3 WiMAX Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Wireless Health Consumption and Value by Application
5.1.1 Global Wireless Health Consumption by Application 2016-2021
5.1.2 Global Wireless Health Market Value by Application 2016-2021
5.2 Global Wireless Health Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Patient-specific Market Consumption, Value and Growth Rate
5.2.2 Physiological Monitoring Market Consumption, Value and Growth Rate
5.2.3 Patient Communication and Support Market Consumption, Value and Growth Rate
5.2.4 Provider/Payer-specific Market Consumption, Value and Growth Rate
5.3 Global Wireless Health Consumption and Value Forecast by Application
5.3.1 Global Wireless Health Consumption Forecast by Application 2021-2026
5.3.2 Global Wireless Health Market Value Forecast by Application 2021-2026
5.4 Global Wireless Health Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Patient-specific Market Consumption, Value and Growth Rate Forecast
5.4.2 Physiological Monitoring Market Consumption, Value and Growth Rate Forecast
5.4.3 Patient Communication and Support Market Consumption, Value and Growth Rate Forecast
5.4.4 Provider/Payer-specific Market Consumption, Value and Growth Rate Forecast

6 Global Wireless Health by Region, Historical Data and Market Forecasts
6.1 Global Wireless Health Sales by Region 2016-2021
6.2 Global Wireless Health Market Value by Region 2016-2021
6.3 Global Wireless Health Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Wireless Health Sales Forecast by Region 2021-2026
6.5 Global Wireless Health Market Value Forecast by Region 2021-2026
6.6 Global Wireless Health Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State Wireless Health Value and Market Growth 2016-2021
7.2 United State Wireless Health Sales and Market Growth 2016-2021
7.3 United State Wireless Health Market Value Forecast 2021-2026

8 Canada Market Size Analysis 2016-2026
8.1 Canada Wireless Health Value and Market Growth 2016-2021
8.2 Canada Wireless Health Sales and Market Growth 2016-2021
8.3 Canada Wireless Health Market Value Forecast 2021-2026

9 Germany Market Size Analysis 2016-2026
9.1 Germany Wireless Health Value and Market Growth 2016-2021
9.2 Germany Wireless Health Sales and Market Growth 2016-2021
9.3 Germany Wireless Health Market Value Forecast 2021-2026

10 UK Market Size Analysis 2016-2026
10.1 UK Wireless Health Value and Market Growth 2016-2021
10.2 UK Wireless Health Sales and Market Growth 2016-2021
10.3 UK Wireless Health Market Value Forecast 2021-2026

11 France Market Size Analysis 2016-2026
11.1 France Wireless Health Value and Market Growth 2016-2021
11.2 France Wireless Health Sales and Market Growth 2016-2021
11.3 France Wireless Health Market Value Forecast 2021-2026

12 Italy Market Size Analysis 2016-2026
12.1 Italy Wireless Health Value and Market Growth 2016-2021
12.2 Italy Wireless Health Sales and Market Growth 2016-2021
12.3 Italy Wireless Health Market Value Forecast 2021-2026

13 Spain Market Size Analysis 2016-2026
13.1 Spain Wireless Health Value and Market Growth 2016-2021
13.2 Spain Wireless Health Sales and Market Growth 2016-2021
13.3 Spain Wireless Health Market Value Forecast 2021-2026

14 Russia Market Size Analysis 2016-2026
14.1 Russia Wireless Health Value and Market Growth 2016-2021
14.2 Russia Wireless Health Sales and Market Growth 2016-2021
14.3 Russia Wireless Health Market Value Forecast 2021-2026

15 China Market Size Analysis 2016-2026
15.1 China Wireless Health Value and Market Growth 2016-2021
15.2 China Wireless Health Sales and Market Growth 2016-2021
15.3 China Wireless Health Market Value Forecast 2021-2026

16 Japan Market Size Analysis 2016-2026
16.1 Japan Wireless Health Value and Market Growth 2016-2021
16.2 Japan Wireless Health Sales and Market Growth 2016-2021
16.3 Japan Wireless Health Market Value Forecast 2021-2026

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Wireless Health Value and Market Growth 2016-2021
17.2 South Korea Wireless Health Sales and Market Growth 2016-2021
17.3 South Korea Wireless Health Market Value Forecast 2021-2026

18 Australia Market Size Analysis 2016-2026
18.1 Australia Wireless Health Value and Market Growth 2016-2021
18.2 Australia Wireless Health Sales and Market Growth 2016-2021
18.3 Australia Wireless Health Market Value Forecast 2021-2026

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Wireless Health Value and Market Growth 2016-2021
19.2 Thailand Wireless Health Sales and Market Growth 2016-2021
19.3 Thailand Wireless Health Market Value Forecast 2021-2026

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Wireless Health Value and Market Growth 2016-2021
20.2 Brazil Wireless Health Sales and Market Growth 2016-2021
20.3 Brazil Wireless Health Market Value Forecast 2021-2026

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Wireless Health Value and Market Growth 2016-2021
21.2 Argentina Wireless Health Sales and Market Growth 2016-2021
21.3 Argentina Wireless Health Market Value Forecast 2021-2026

22 Chile Market Size Analysis 2016-2026
22.1 Chile Wireless Health Value and Market Growth 2016-2021
22.2 Chile Wireless Health Sales and Market Growth 2016-2021
22.3 Chile Wireless Health Market Value Forecast 2021-2026

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Wireless Health Value and Market Growth 2016-2021
23.2 South Africa Wireless Health Sales and Market Growth 2016-2021
23.3 South Africa Wireless Health Market Value Forecast 2021-2026

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Wireless Health Value and Market Growth 2016-2021
24.2 Egypt Wireless Health Sales and Market Growth 2016-2021
24.3 Egypt Wireless Health Market Value Forecast 2021-2026

25 UAE Market Size Analysis 2016-2026
25.1 UAE Wireless Health Value and Market Growth 2016-2021
25.2 UAE Wireless Health Sales and Market Growth 2016-2021
25.3 UAE Wireless Health Market Value Forecast 2021-2026

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Wireless Health Value and Market Growth 2016-2021
26.2 Saudi Arabia Wireless Health Sales and Market Growth 2016-2021
26.3 Saudi Arabia Wireless Health Market Value Forecast 2021-2026

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

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Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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