The wireless healthcare global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Wireless Healthcare Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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..
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Scope Of Wireless Healthcare Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
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.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
Asia-Pacific was the largest region in the wireless healthcare market in 2023. 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
Key Companies –
Major companies operating in the wireless healthcare market report are 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
Table of Contents
1. Executive Summary
2. Wireless Healthcare Market Report Structure
3. Wireless Healthcare Market Trends And Strategies
4. Wireless Healthcare Market – Macro Economic Scenario
5. Global Wireless Healthcare Market Size and Growth
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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. Appendix
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