Healthcare WLAN Market - Forecast(2024 - 2030)

Report Code: HCR 0614 Report Format: PDF + Excel

Healthcare WLAN Market Overview

Healthcare WLAN Market Size is estimated to reach $147.3 billion by 2027. Furthermore, it is poised to grow at a CAGR of 12.8% over the forecast period of 2022-2027. The transmission of data over a long distance without the need for wires, cables, or other electrical conductors is known as wireless communication. WLAN includes Wireless Personal Area Network (WPAN), Wi-Fi, Worldwide Interoperability for Microwave Access (WiMAX), Wireless Wide Area Network (WWAN), and other technology. One of the factors that have triggered the concept of a wireless technology-driven human body and the primary factor driving the adoption of wireless communication technologies in the healthcare industry for health informatics and wireless medical telemetry service is the growing number of elderly people who require continuous health monitoring. To analyze a human body, a network of intelligent wireless medical device sensors can be put on the body surface or integrated into the tissues can be used. Biosensors are currently one of the most significant components of the healthcare digital transformation. In hospitals, it can assist users by gathering data on all of their physical activity, sleep, and overall health. Some of these devices record signs with great sensitivity and specificity, making them very valuable for health management, particularly in the treatment of older patients with many chronic conditions. According to the Centers for Disease Control, hospital-acquired infections cause approximately 100,000 deaths in the United States, each year. As a result, the World Health Organization and the Centers for Disease Control and Prevention have made increasing hand hygiene a priority. There is increasing demand in the healthcare industry to retrieve, store, share, and send data in various formats to various medical devices across a particular healthcare institution, hence driving the market growth.

Healthcare WLAN Market

Healthcare WLAN Market Report Coverage

The report: “Healthcare WLAN Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Healthcare WLAN Market.

By Product Type: Wireless Personal Area Network (WPAN), Wi-Fi, Worldwide Interoperability for Microwave Access (WiMAX), Wireless Wide Area Network (WWAN) and Others.
By Component: Hardware, Software, Services and Others.
By Application: Hospitals and Nursing Homes, Home Care, Pharmaceuticals and Others.
By End User: Long-Term Care, Home Care, Hospital Care Facilities, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Geographically, North America held a dominant market share in the year 2021, The growing need for remote patient monitoring services & increasing usage of tablets and smartphones is boosting the growth of the global wireless health market.
  • The global Healthcare WLAN Market is predicted to increase owing to the demand for improved remote patient monitoring measures and the integration of information technology and monitoring equipment. However, the security concerns regarding the patient data and lack of skilled IT professionals all across the globe in the healthcare sector might hamper the market value over the forecast period 2022-2027.
  • A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Healthcare WLAN Market Report.
Healthcare WLAN Market: Market Share (%) by Region, 2021
Healthcare WLAN Market
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Healthcare WLAN Market Segmentation Analysis- By Product Type

Healthcare WLAN Market based on product type can be further segmented into Wireless Personal Area Network (WPAN), Wi-Fi, Worldwide Interoperability for Microwave Access (WiMAX), Wireless Wide Area Network (WWAN), and Others. Wireless Personal Area Network (WPAN) segment held a dominant market share in the year 2021. The WPAN technology segment is further segmented into Bluetooth, RFID, Ant+, Zigbee, Z-wave, and UWB. The large share of WPAN technologies can be attributed to the fact that these technologies are user-friendly, secure, and affordable. WPAN is used in a variety of medical applications, including telemedicine, ubiquitous and continuous patient monitoring, and wireless-integrated medical devices, owing to its many advantages, which include low power consumption, compact size, simple protocol, and wide compatibility, it helps to boost the market.

However, the Worldwide Interoperability for Microwave Access (WiMAX) segment is estimated to grow with the fastest CAGR rate of 13.6% over the forecast period 2022-2027. WiMAX is a technology developed by the WiMAX Forum that allows for high-speed wireless data transfer across large distances of up to 50 kilometers, high data rates of up to 70 Mbps, and high mobility, up to 150km/hour. WiMAX technology is an ideal alternative for telemedicine service providers in both fixed and mobile environments for its benefits in mobility, transmission speed, QoS, and security. High-bandwidth transmission can greatly reduce transmission time for high-quality images such as ultrasound and medical images. With today's vast network capability, many monitoring and diagnostic activities can be run at the same time. Strong QoS improves data transport reliability and efficiency. For instance, in a prehospital management system in an ambulance, diagnostic images might be transferred from the ambulance to the hospital, allowing clinicians to begin diagnosing as the patient is being transported. WiMAX networks can be utilized to create a hospital intranet. Only a few WiMAX base stations can cover the entire hospital in place of numerous WLAN access points. This will not only save the implementation costs but will also improve the network's quality. Such use of WiMAX helps to boost the market over the forecast period 2022-2027.

Healthcare WLAN Market Segmentation Analysis- By Component

Healthcare WLAN Market based on components can be further segmented into Hardware, Software, Services, and Others. The Services segment held a dominant market share in the year 2021. Support and maintenance, as well as professional services, are included in the services sub-segment. The volume of data has been steadily expanding since the deployment of IT in healthcare, and data storage and maintenance expenses have risen in recent years. Furthermore, healthcare organisations lack the necessary IT personnel to handle this massive volume of data. As a result of the rising costs and a scarcity of qualified personnel, numerous institutions have chosen to use healthcare IT businesses' maintenance and support services. In October 2020, for instance, Infosys and Mobile Health AG cooperated to build up and manage cloud and infrastructure services, as well as support, security and monitoring, and platform management services for Mobile Health AG across several locations. This factor is estimated to boost the segment over the forecast period.

However, Software is estimated to grow with the fastest CAGR rate of 14.9% over the forecast period 2022-2027. Medical software is a sort of healthcare management software that can be used in a variety of settings in hospitals. Over the last few years, medical software has grown essential for day-to-day patient administration. Patient registration, appointment scheduling, billing, and e-prescribing are all features of medical software. Medical software also aids in the management of electronic health records, the storage and retrieval of imaging data, and the overall practice management process. This is also anticipated to contribute to market expansion throughout the forecast period.

Healthcare WLAN Market Segmentation Analysis- By Geography

The Healthcare WLAN Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 37% in the year 2021. The well-established healthcare business and improved reimbursement facilities in the region are the primary elements accountable for the region's highest market share in the future. Owing to the higher adoption of digital healthcare in the United States, as well as the high concentration of key market players and rising investments by companies in research and development activities for the launch of advanced products, the United States holds the majority of the market in the North American region.

Furthermore, the Asia-Pacific is estimated to grow with the fastest CAGR over the forecast period 2022-2027. This is owing to a rise in government initiatives for digitalization and automation, as well as increased consumer expenditure on health due to rising disposable income in the region's expanding economies. In 2022, Indian government intended to expand healthcare spending to 3% of its GDP. To improve the country's healthcare infrastructure, the Indian government plans to implement a credit incentive programme of INR 500 billion (US$ 6.8 billion). Additionally, the increased use of advanced technologies and the implementation of IT programmes are projected to drive the growth of the Healthcare IT Market in the near future.

Healthcare WLAN Market Drivers

Increasing Demand for Electronic Health Records is Enhancing Market Revenue

The secure communication of electronic health data between healthcare providers, payers, government agencies, and other healthcare organisations is known as electronic health information exchange. Revenue cycle management software, often known as practise management software, assists clinicians in scheduling appointments, verifying insurance coverage, collecting payments and copays, managing patient follow-ups, and dealing with insurer denials and other collection concerns. This solution assists clinicians in meeting billing and claims management standards while also improving practice administration by streamlining processes for patient registration, scheduling, check-in, charge entry, referral management, check-out, follow-up, collections, accounting, and reporting. According to several studies, the cost of installing an EHR system ranges from INR 9 lakh to INR 45 lakh (about $15,000 to $70,000), depending on a variety of parameters such as the EHR's functionality, the hospital's size, and scope. Such wide application and importance of EHR help to boost the market over the forecast period.

The Wearable Devices Demand for Continuous Monitoring is Driving the Market Growth.

Owing to the proliferation of smartphones and the acceptance of wearable devices, medical devices, and diagnostic centers are experimenting with body-worn sensors that can monitor vital signs and transmit them in real-time to an online platform which can be remotely accessed. For instance, in 2019, the UK's consumer spending on medical products, appliances, and equipment was valued at $23,023 million, according to the Office for National Statistics (UK). Such developments are likely to have an impact on wearable device demand. According to the International Diabetes Federation, healthcare expenditures for diabetes treatment in the United States were valued at USD 294.6 billion in 2019 and USD 109 billion in China. Such growth is anticipated to further augment the demand for wearable devices by patients for checking their blood sugar levels.

Healthcare WLAN Market Challenges

Low Adoption of WLAN in Under Developed Countries is Impeding Market Growth.

Except for developed and fast-growing economies, awareness and adoption of WLAN in the healthcare system are quite low in other regions of the world. Africa, home to over 1 billion people, is lagging in terms of adoption of technology and only South Africa has a robust system in place. Thirteen of 43 African countries already spend at least $60 per capita on health from domestic sources. Sluggish adoption in Africa can slow down the global rate.

Healthcare WLAN Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Healthcare WLAN Market. The top 10- Healthcare WLAN Market companies are-

  1. Cerner Corporation
  2.  AT&T, Inc
  3. Alcatel-Lucent
  4. Philips Healthcare
  5. Omron Corporation
  6. Verizon Communications, Inc
  7. Qualcomm, Inc
  8. Aerohive Networks, Inc
  9. Vocera Communication, Inc
  10. Allscripts Healthcare Solutions

Recent Developments

  • In February 2020, Cerner Corporation expanded its partnership with Amazon which is expertise in customer experience and its artificial intelligence capabilities. The expansion is aimed to grow the health IT business. The expansion includes the build-up and strengthening AI capabilities and predictive technology tools including virtual medical scribes for healthcare providers.
  • In June 2019, Aerohive Networks- a cloud-managed networking company, was announced as the second-largest vendor in the enterprise-class cloud-managed wireless LAN (WLAN) market in the "Cloud Managed Wireless LAN Services White Paper" the market in order to expand its business in the global wireless healthcare market.
  • In March 2019, Allscripts Healthcare Solutions Inc. company launched its new electronic health record (EHR), Avenel – the first mobile cloud-based application which works on machine learning to reduce the time for clinical documentation built on Microsoft Azure.

Relevant Titles

Wearable Medical Devices Market - Forecast(2022 - 2027)

Report Code: HCR 0015

Wireless Communication Chipsets Market - Forecast(2022 - 2027)

Report Code: ESR 0295

Report Code: HCR 40559

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1. Healthcare WLAN Market – Overview
    1.1 Definitions and Scope
2. Healthcare WLAN Market- Executive Summary
3. Healthcare WLAN Market- Comparative Analysis
    3.1 Company Benchmarking - Key Companies
    3.2 Global Financial Analysis - Key Companies
    3.3 Market Share Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Healthcare WLAN Market- Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Healthcare WLAN Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Healthcare WLAN Market- Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Healthcare WLAN Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Healthcare WLAN Market – By Technology
    8.1 Wireless Personal Area Network (WPAN)
    8.2 Wi-Fi
    8.3 Worldwide Interoperability for Microwave Access (WiMAX)
    8.4 Wireless Wide Area Network (WWAN)
    8.5 Others
9. Healthcare WLAN Market – By Component
    9.1 Hardware
    9.2 Software
    9.3 Services
    9.4 Others
10. Healthcare WLAN Market – By Application
    10.1 Hospitals and Nursing Homes
    10.2 Home Care
    10.3 Pharmaceuticals
    10.4 Others
11. Healthcare WLAN Market- By Geography
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Rest of South America
12. Rest of the World
    12.1.1 Middle East
    12.1.2 Africa
13. Healthcare WLAN Market- Entropy
14. Healthcare WLAN Market – Industry/Segment Competition Landscape Premium 
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Healthcare WLAN Market – Key Company List by Country Premium Premium
16. Healthcare WLAN Market- Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
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