Global wireless health market size to record 23.10% CAGR through 2027

Selbyville, Delaware , March 01, 2021 (GLOBE NEWSWIRE) — Global wireless health market, according to reliable analysts, had reached a valuation of USD 89.63 billion in 2019 and is expected to register a CAGR of 23.10% during 2020-2027, subsequently reaching USD 472.63 billion by the year 2027.

The document also offers comprehensive analysis of the market segmentations such as technology type, component type, application scope, end-user reach, and regional outlook. The study concludes by elaborating on the major companies operating in this business space, further allowing for high profitability and decision making during investment assessment.

Widespread availability of internet connectivity, increasing smartphone penetration and rising number of health programs have augmented the demand for wireless health solutions across the globe. It is to be noted that wireless health systems are known to be a cost-effective alternative to conventional disease management solutions.

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According to Statista, global wearable devices market had generated revenues worth USD 34 billion in the year 2019. Thus, increasing popularity of fitness wearables to track physical metrics including heart rate, blood pressure, and sleep cycles is aiding towards global wireless health market expansion.

Growing elderly population and increased pervasiveness of chronic conditions are also stimulating the industry outlook. The Wall Street Journal states that there has been a surge in the adoption rates of digital medicine solutions to treat health disorders such as respiratory conditions, pulmonary disease, and diabetes.

Wireless health systems are relatively expensive as compared to traditional medical solutions and hence, could potentially hamper the overall industry remuneration. Regardless, these networks help in reducing medical expenses among elderly population, which in turn could offer lucrative growth opportunities for top manufacturers in global wireless health market space.

A gist of the market segmentations

Worldwide wireless health industry is fragmented on the basis of technology type, component type, application reach, and end-user scope. Speaking of technology type, the market is further segmented into WWAN, WiMAX, WPAN, and WLAN/Wi-Fi.

Moving on to component type, the industry is split into services, hardware, and software. Based on application spectrum, the market is categorized into provider/payer-specific, patient communication and support, physiological, and patient-specific.

The end-user reach of global wireless health market consists of patients/individuals, payers, and providers.

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A summary on the regional outlook

From the regional perspective, Europe currently accounts for the largest market share and is expected to record continuous growth during the forecast period. Rapid digitalization of healthcare systems coupled with growing demand for advanced information technologies are complementing the business outlook in Europe.

Meanwhile, Asia-Pacific is slated to record the highest compound annual growth rate in the ensuing years, owing to rising adoption of wireless health care equipment and surging disposable income.

Global Wireless Health Market by Technology Type (Revenue, USD Billion, 2017-2027)

Global Wireless Health Market based on Component (Revenue, USD Billion, 2017-2027)

Global Wireless Health Market Application Terrain (Revenue, USD Billion, 2017-2027)

• Provider/Payer-specific
• Patient Communication and Support
• Physiological
• Patient-specific

Global Wireless Health Market End-user Analysis (Revenue, USD Billion, 2017-2027)

• Patients/Individuals
• Payers
• Providers

Global Wireless Health Market by Geographical Reach (Revenue, USD Billion, 2017-2027)

North America

Latin America

Asia-Pacific

• India
• China
• Australia
• Japan
• South Korea
• Rest of Asia-Pacific

Europe

• Spain
• France
• Italy
• Germany
• United Kingdom
• Rest of Europe

Rest of the World

Global Wireless Health Market Competitive Dynamics (Revenue, USD Billion, 2017-2027)

• Alcatel-Lucent S.A.
• Vocera Communications Inc.
• Aerohive Networks Inc.
• Qualcomm Inc.
• Verizon Communications Inc.
• Koninklijke Philips N.V.
• Omron Corporation
• Cerner Corporation
• AT&T Inc.
• Allscripts Healthcare Solutions Inc.

Table of Content:

Chapter 1. Executive Summary

1.1.         Market Snapshot

1.2.         Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1.     Wireless Health Market, by Region, 2018-2027 (USD Billion)

1.2.2.     Wireless Health Market, by Technology, 2018-2027 (USD Billion)

1.2.3.     Wireless Health Market, by Component, 2018-2027 (USD Billion)

1.2.4.     Wireless Health Market, by Application, 2018-2027 (USD Billion)

1.2.5.     Wireless Health Market, by End User, 2018-2027 (USD Billion)

1.3.         Key Trends

1.4.         Estimation Methodology

1.5.         Research Assumption

Chapter 2. Global Wireless Health Market Definition and Scope

2.1.         Objective of the Study

2.2.         Market Definition & Scope

2.2.1.     Scope of the Study

2.2.2.     Industry Evolution

2.3.         Years Considered for the Study

2.4.         Currency Conversion Rates

Chapter 3. Global Wireless Health Market Dynamics      

3.1.         Wireless Health Market Impact Analysis (2018-2027)

3.1.1.     Market Drivers

3.1.2.     Market Challenges

3.1.3.     Market Opportunities

Chapter 4. Global Wireless Health Market: Industry Analysis

4.1.         Porter’s 5 Force Model

4.2.         PEST Analysis

4.2.1.     Political

4.2.2.     Economic

4.2.3.     Social

4.2.4.     Technological

4.3.         Investment Adoption Model

4.4.         Analyst Recommendation & Conclusion

Chapter 5. Global Wireless Health Market, by Technology

5.1.         Market Snapshot

5.2.         Global Wireless Health Market by Technology, Performance – Potential Analysis

5.3.         Global Wireless Health Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)

5.4.         Wireless Health Market, Sub Segment Analysis

5.4.1.     WLAN/Wi-Fi

5.4.2.     WPAN

5.4.3.     WiMAX

5.4.4.     WWAN

Chapter 6. Global Wireless Health Market, by Component          

6.1.         Market Snapshot

6.2.         Global Wireless Health Market by Component, Performance – Potential Analysis

6.3.         Global Wireless Health Market Estimates & Forecasts by Component 2017-2027 (USD Billion)

6.4.         Wireless Health Market, Sub Segment Analysis

6.4.1.     Software

6.4.2.     Hardware

6.4.3.     Services

Chapter 7. Global Wireless Health Market, by Application

7.1.         Market Snapshot

7.2.         Global Wireless Health Market by Application, Performance – Potential Analysis

7.3.         Global Wireless Health Market Estimates & Forecasts by Application 2017-2027 (USD Billion)

7.4.         Wireless Health Market, Sub Segment Analysis

7.4.1.     Patient-specific

7.4.2.     Physiological Monitoring

7.4.3.     Patient Communication and Support

7.4.4.     Provider/Payer-specific

Chapter 8. Global Wireless Health Market, by End User       

8.1.         Market Snapshot

8.2.         Global Wireless Health Market by End User, Performance – Potential Analysis

8.3.         Global Wireless Health Market Estimates & Forecasts by End User 2017-2027 (USD Billion)

8.4.         Wireless Health Market, Sub Segment Analysis

8.4.1.     Providers

8.4.2.     Payers

8.4.3.     Patients/Individuals

Chapter 9. Global Wireless Health Market, Regional Analysis

Related Report:

Digital Health Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Global Digital health market is estimated to record significant gains over the forthcoming timeframe owing to a substantial rise in adoption of mobile devices and mobile apps among physicians, and healthcare practitioners to administer treatment to their respective patients. Digital Health is the use of information and communication technologies to provide treatment to patients, monitor public health, track diseases, educate healthcare professionals, and conduct research. The wide scope of digital health includes categories like wearable devices, telehealth and telemedicine, personalized medicine, mobile health (mHealth), health information technology (IT). These digital health tools have immense potential to improve an individual’s ability to accurately diagnose as well as treat the disease and improve the delivery of health care for the individual.

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