Wireless Healthcare Global Market Report 2024

Wireless healthcare involves the incorporation of wireless technology into conventional medical practices, encompassing the diagnosis, monitoring, and treatment of illnesses, along with tools aimed at empowering individuals to enhance their personal health and well-being. The integration of wireless technology in healthcare ensures real-time documentation accuracy, reduces costs for consumers, grants access to instantaneous patient records, and facilitates the remote monitoring of patients' conditions.

Key technologies in wireless healthcare include Wireless Personal Area Network (WPAN), Worldwide Interoperability for Microwave Access (WiMAX), Wi-Fi, and Wireless Wide Area Network (WWAN). The components of wireless healthcare encompass hardware, software, and services. A Wireless Personal Area Network (WPAN) serves to convey information over short distances within a private and intimate group of participant devices. It functions as a network for connecting devices within an individual's workspace, utilizing wireless connections, and may rely on technologies such as Ultra-Wide Band (UWB), Bluetooth, or ZigBee. Major applications of wireless healthcare are patient-specific and provider-specific, while the primary end users include providers, payers, and patients.

The wireless healthcare market research report is one of a series of new reports that provides wireless healthcare market statistics, including wireless healthcare industry global market size, regional shares, competitors with wireless healthcare market share, detailed wireless healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the wireless healthcare industry. This wireless healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 observed in the historic period can be attributed to various factors, including the adoption of wearable health devices, the implementation of remote patient monitoring, advancements in wireless medication management, the expansion of health information exchange (HIE), and the broader adoption of telehealth and telemedicine services.

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 anticipated growth in the forecast period can be attributed to factors such as the global health crisis response, heightened cybersecurity measures, the expansion of wireless health networks, and the integration of digital therapeutics. Major trends expected in the forecast period include a focus on chronic disease management, increased emphasis on interoperability and data security, the integration of wearable technology, changes in the regulatory landscape, and the emergence of behavioral health apps.

The wireless healthcare market is experiencing substantial growth, driven significantly by the increasing demand for remote access to healthcare through mobile phones. The adoption of mobile phones for accessing healthcare services offers cost benefits associated with telehealth, requiring fewer equipment investments. Additionally, it enhances the effectiveness of remote patient monitoring (RPM), thereby alleviating the workload on medical professionals. The use of smartphones enables doctors to access patients' documents and records seamlessly. Mobile devices have become integral in healthcare settings, with research by the American Medical Association in 2021 revealing that nearly 9 in 10 physicians acknowledge the advantages of using digital health tools. Consequently, the rising demand for remote healthcare access via mobile phones is a pivotal factor propelling the growth of the wireless healthcare market.

The growth of the wireless healthcare market is further fueled by the increasing number of aging individuals. The aging population, marked by natural physical and cognitive changes associated with later stages of adulthood, creates a significant demand for wireless healthcare technology. This technology plays a crucial role in monitoring and enhancing the health of the aging demographic, facilitating remote health tracking, timely interventions, and an improved quality of life. According to the World Health Organization's data in October 2022, globally, 1 in 6 individuals is projected to be 60 or older by 2030, reaching an estimated 2.1 billion elderly people by 2050. Consequently, the surge in the aging population is a key driver contributing to the growth of the wireless healthcare market.

A recent trend in the wireless healthcare market involves the emergence of wearable healthcare devices. These small electronic devices, placed on the body, measure various health parameters such as temperature, blood pressure, blood oxygen, and more. Wearables play a transformative role in shifting healthcare from a traditional hospital-centered model to a personal, portable device-centered model. There is a growing need for real-time, multi-functional, and personalized monitoring, especially in areas like wound healing. Companies like Proteus, Neurotech, and Philips Healthcare have introduced wearable healthcare devices, contributing to the evolution of healthcare technologies.

Major companies in the wireless healthcare market are strategically focusing on introducing portable wireless healthcare devices to gain a competitive advantage. Portable devices, equipped with wireless connectivity, enable the remote monitoring and tracking of health parameters and data. In August 2023, GE HealthCare launched Vscan Air SL, a wireless handheld ultrasound imaging system. This portable and wireless device empowers clinicians to efficiently collect and view cardiac and vascular images at the point of care, incorporating advanced imaging technologies for enhanced performance.

In April 2023, TSC Connected Care acquired Connected Health Group for an undisclosed amount. This strategic acquisition positions TSC Connected Care to offer a comprehensive range of digital health solutions, strengthening its ability to connect patients and clinicians throughout the continuum of care. Connected Health Group, based in Ireland, specializes in healthcare services, including wireless healthcare solutions. This acquisition is expected to contribute to TSC Connected Care's growth and expansion in the digital health space.

Major companies operating in the 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

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

The countries covered in the wireless healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The wireless healthcare market includes revenues earned by entities by facilitating the delivery of health care with wireless RF communication technologies including Wi-Fi, Bluetooth, and cellular/mobile phones. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.