Wireless Healthcare Market Size, Share, Segment Analysis And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wireless Healthcare Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $422.16 billion In 2028 At A CAGR Of 19.7% :

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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Wireless Healthcare Market Major Segments
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

Key Driver - Remote Access To Healthcare Via Mobile Phones Drives Wireless Healthcare Market Growth

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.

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Prominent Trend - Transforming Personalized Health Monitoring With Wearable Healthcare Devices

Wearable healthcare devices are a recent trend in the wireless healthcare market. Wearables are small electronic devices that are placed on the body and can help measure temperature, blood pressure, blood oxygen, breathing rate, sound, GPS location, elevation, physical movement, changes in direction, and the electrical activity of the heart, muscles, brain, and skin. Intelligent wearable sensors promote the transformation of healthcare from a traditional hospital-centered model to a personal portable device-centered model. There is an urgent need for real-time, multi-functional, and personalized monitoring of various biochemical target substances and signals based on intelligent wearable sensors for health monitoring, especially wound healing. Companies such as Proteus, Neurotech, and Philips Healthcare have launched wearable healthcare devices into the market.

Wireless Healthcare Market Players
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

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Largest And Fastest Growing Region In The Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Wireless Healthcare Market Report Structure
3. Wireless Healthcare Market Trends And Strategies
4. Wireless Healthcare Market - Macro Economic Scenario
5. Wireless Healthcare Market Size And Growth
…..
27. Wireless Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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