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Wireless Health Market

Wireless Health Market Size, Share & Segmentation By Technology Type (WLAN/Wi-Fi, WPAN, WiMAX, WWAN), By Component Type (Software, Hardware, Services), By Application (Patient-specific, Physiological Monitoring, Patient Communication and Support, Provider/Payer-specific), By End User (Providers, Payers, Patients/Individuals), by Regions and Global Forecast 2023-2030

Report Id: SNS/HC/2297 | July 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Wireless Health Market Size was valued at USD 170.08 billion in 2022, and is expected to reach USD 932.45 billion by 2030, and grow at a CAGR of 23.7% over the forecast period 2023-2030.

With the goal of assisting people in enhancing their own health, wireless health is a feature that incorporates the incorporation of wireless technology into medical products. With the help of this tool, healthcare managers can quickly see how the networks are spread and determine what, if anything, is degrading user experience or performance. Productivity is thereby increased. By using these health gadgets with wireless technology, people can quickly alter their lifestyles and enhance their health. These wireless gadgets are capable of measuring a number of significant data, including temperature and heart rate, which can be used to assess a person's physical fitness.

Wireless Health Market

MARKET DYNAMICS

DRIVERS

  • Technological developments in wireless communication

  • More people using the Internet

  • Wearable Technology's Development

  • Increasing the Use of Connected Devices for the Management of Chronic Conditions

  • HCIT Environment that is Favorable for Promoting Wireless Health

  • The Use of a Patient-Centered Approach by Healthcare Professionals

  • Healthcare Services Can Be Provided Without Interruptions With Strong 3G and 4G Network Penetration

  • Including Cloud Computing in Everyday Life

RESTRAINTS

  • Traditional Healthcare Professionals' Reticence

  • Market for End Users Is Fragmented

  • In underdeveloped and developing nations, there is a lack of internet access.

  • Wearable health technology is expensive up front

  • The Healthcare Industry Lacks Skilled IT Professionals

OPPORTUNITIES

  • Mobile Communications

  • New Key Enabling Technology Developments

CHALLENGES

  • Data Security and Privacy

  • Utilizing Wireless Health Solutions in Health Care Organizations

  • Insufficient data management and collaboration

IMPACT OF COVID-19

The global COVID-19 epidemic and the ensuing lockout have caused the healthcare market to continue to decline. Aside from affecting communities, COVID-19 had devastating effects on the major world economies, particularly the healthcare industry. Important parties are continuing to modify their tactics in response to the fast-shifting circumstances. The healthcare sector is expected to see severe long-term effects from COVID-19. Prioritized healthcare reforms would need to be implemented by nations and significant stakeholders until the situation is resolved.

The near future will see significant advancements in technology, cost control, and expanded accessibility in healthcare reforms. In the ongoing outbreak, telemedicine and digital health have assumed a prominent role. The significance of remote diagnosis, care, and consultation was reemphasized in COVID-19. Growth in Telehealth has been delayed over the last few years by legislative and behavioural constraints. However, because so many healthcare organisations are presently experimenting with video conferencing and telephone calls, the growth of this market will multiply several times during the following two years.

Patients with mild symptoms were also required to consult online as part of the social distancing strategies. Additionally, it significantly lessens the strain on hospitals, who were already overburdened by COVID-19 patient counts. Medical IoT devices that reside in the patient's house are now utilised to maximize outpatient care and reduce follow-up visits; these devices can also be employed in an emergency. During the pandemic, there were serious resource shortages. Future market growth is anticipated to be accelerated by the creation of value-based pricing models and competitive pricing.

By Technology Type

WPAN, WLAN/Wi-Fi, WiMAX, and WWAN are other subsectors of the wireless health business. The highest share of the market is held by the WPAN technology market category. The most extensively used wireless health technologies are WPAN ones since they are both very secure and reasonably priced. WPAN technology is further divided into Bluetooth, RFID, Ant+, Zigbee, Z-wave, and UWB segments.

By Component Type

Hardware, software, and services make up the three market segments. The largest portion of the worldwide market belongs to the software sector. The main factors influencing the growth of this market are the rising use of healthcare IT solutions and the growing demand to update the current software.

By Application

Patient-specific applications and provider/payer-specific applications make up the next two market segments in wireless health. A significant portion of the global market is occupied by patient-specific applications as a result of the growing use of wireless technology and the demand for high-quality healthcare.

By End User

Providers, payers, and patients/individuals make up the additional market segments for wireless health. The majority of the global market is accounted for by the provider’s sector.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Alcatel-Lucent, Cerner Corporation, Omron Corporation, Aerohive Networks, Qualcomm, Allscripts Healthcare Solutions, Verizon Communications, AT &T, Vocera Communications, Philips Healthcare.

MARKET SEGMENTS:

By Technology Type

  • WLAN/Wi-Fi

  • WPAN

  • WiMAX

  • WWAN

By Component Type

  • Software

  • Hardware

  • Services

By Application

  • Patient-specific

  • Physiological Monitoring

  • Patient Communication and Support

  • Provider/Payer-specific

By End User

  • Providers

  • Payers

  • Patients/Individuals

Wireless Health Market

REGIONAL ANALYSIS

For wireless communication technology in the healthcare business, the North American region offers the highest market opportunity. The U.S. and Canada are investing a sizable sum of money in healthcare IT to combat chronic diseases. The improvement of patient care in these nations is being sped up by smartphone technology and personalized wireless healthcare solutions.

Healthcare providers in the Asia-Pacific area place a higher priority on providing dependable, high-quality care that is affordable. Healthcare organisations are enhancing their infrastructure by implementing various wireless communication technology-based infrastructure in order to deliver healthcare services to the growing chronically elderly population. Healthcare IT spending is increasing in the European region.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Wireless Health Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 170.08 Billion
Market Size by 2030 US$ 932.45 Billion
CAGR CAGR of 23.7% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Technology Type (WLAN/Wi-Fi, WPAN, WiMAX, WWAN)
• By Component Type (Software, Hardware, Services)
• By Application (Patient-specific, Physiological Monitoring, Patient Communication and Support, Provider/Payer-specific)
• By End User (Providers, Payers, Patients/Individuals)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Alcatel-Lucent, Cerner Corporation, Omron Corporation, Aerohive Networks, Qualcomm, Allscripts Healthcare Solutions, Verizon Communications, AT &T, Vocera Communications, Philips Healthcare.
Key Drivers • Technological developments in wireless communication
• More people using the Internet
• Wearable Technology's Development
Restraints • Concerns about Data Privacy & Security
• Exorbitant Deployment Costs
• Investments in Infrastructure Are Needed to Support Patient Portals


Frequently Asked Questions (FAQ) :

 For wireless communication technology in the healthcare business, the North American region offers the highest market opportunity.

 Patient-specific, Physiological Monitoring, Patient Communication and Support, and Provider/Payer-specific are the sub segments of Wireless Health market.

Key drivers of the Wireless Health Market is More people using the Internet, Wearable Technology's Development, and Increasing the Use of Connected Devices for the Management of Chronic Conditions 

 With the goal of assisting people in enhancing their own health, wireless health is a feature that incorporates the incorporation of wireless technology into medical products.

Wireless Health Market Size was valued at USD 137.5 billion in 2021, and expected to reach USD 609.7 billion by 2028, and grow at a CAGR of 23.7% over the forecast period 2022-2028. 


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Wireless Health Market Segmentation, By Technology Type

8.1 WLAN/Wi-Fi

8.2 WPAN

8.3 WiMAX

8.4 WWAN

 

9. Wireless Health Market Segmentation, By Component Type

9.1 Software

9.2 Hardware

9.3 Services

 

10. Wireless Health Market Segmentation, By Application

10.1 Patient-specific

10.2 Physiological Monitoring

10.3 Patient Communication and Support

10.4 Provider/Payer-specific

 

11. Wireless Health Market Segmentation, By End User

11.1 Providers

11.2 Payers

11.3 Patients/Individuals

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13.Company Profiles

13.1 Alcatel-Lucent

            13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Cerner Corporation

13.3 Omron Corporation

13.4 Aerohive Networks

13.5 Qualcomm

13.6 Allscripts Healthcare Solutions

13.7 Verizon Communications

13.8 AT &T

13.9 Vocera Communications

13.10 Philips Healthcare..

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

 

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Secondary Research

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