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Wireless Health Market Overview
The Wireless Health Market size is forecast to reach $139.6 billion by 2026, growing at a CAGR of 21.4% during the forecast period 2021-2026. Wireless technology is used in wireless health to perform diagnosis monitoring and treatment of illness using wireless medical equipment. It improves the patient experience while supporting patient care by tracking health parameters including blood pressure and glucose level monitoring. Increasing advancements in wireless communication technologies and growing internet penetration along with the increasing utilization of connected wearable devices in the management of chronic diseases are the major factors driving the growth of the market. Rising adoption of the patient-centric approach by healthcare providers and mainstreaming of cloud computing is set to further enhance the overall market demand for the Wireless Health Market for the period 2021-2026.
Report Coverage
The report: “Wireless Health Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Wireless Health Market.
By Technology: Wi-Fi/WLAN (Wireless Local Area Network), WPAN (Wireless Personal Area Network), WiMAX (Worldwide Interoperability for Microwave Access), and WWAN (Wireless Wide Area Network)
By Component: Software, Hardware, and Services
By Application: Patient-Specific, Physiological Monitoring, Patient Communication and Support, and Provider/Payer Specific
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific ((APAC (China, Japan India, South Korea, Australia and New Zealand, and Rest of APAC)), South America (Brazil, Argentina, and Rest of South America), and Rest of the World ((RoW) (Middle East and Africa))
Key Takeaways
- North America dominated the Wireless Health Market in 2020 owing to the government initiatives such as the Affordable Care Act and favourable reimbursement plan along with the high purchasing power of advanced equipment. The Wireless Health Market scope for different regions will be provided in the final report.
- Rising incidences of chronic disease and increasing application of internet of things in medical sector are likely to aid in the market growth of the Wireless Health Market.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Wireless Health Market report.
- Issues pertaining to cybersecurity and privacy are poised to create hurdles for the Wireless Health Market.
Wireless Health Market Segment Analysis - By Technology
WPAN (Wireless Personal Area Network) held the largest share in the Wireless Health Market in 2020 and is estimated to grow at a CAGR of 19.8% during the forecast period 2021-2026. WPAN interconnects medical devices centered around an individual person’s workspace in which the connection are wireless. It is becoming the choice for patient monitoring, electrocardiograms, and hospital wireless networks to improve information flow and the quality of care. It is the most effective way to reduce the cost by real-time inventory management. WPAN enables hospitals to control the movement of their assets and maximize the utility of stock locations or the used prescription drugs count. Wireless wide area network provides better security and global wireless coverage including regional and nationwide. It utilize cellular technology to securely transfer data. Wireless Wide Area Network is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.
Wireless Health Market Segment Analysis - By Application
Physiological Monitoring held the largest share in the Wireless Health Market in 2020 and is estimated to grow at a CAGR of 22.7% during the forecast period 2021-2026. WPAN helps in physiological monitoring systems to measure specified physiological data and also provide location-based information. It involves monitoring of patients remotely by means of devices that transfers patient data to remote locations wirelessly. It helps to alleviate the difficulty experience by the medical experts in monitoring multiple patient’s simultaneously and enables them to observe patients without having to be physically present. It removes the geographical barriers in getting specialist care. Physiological Monitoring is set to be the highest growing segment and is estimated to register the highest CAGR over the period 2021-2026.
Wireless Health Market Segment Analysis - By Geography
North America dominated the Wireless Health Market with a major share of 40.8% in 2020. This is attributed to government initiatives such as the Affordable Care Act and favourable reimbursement scenario along with the high purchasing power of advanced equipment. Increasing preference toward value-based care and increasing use of digital services for health management is also increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing population and growing internet penetration. Rising medical tourism, increasing governmental penetration initiatives for eHealth and growing demand for quality healthcare is also increasing the growth of the market in this region.
Wireless Health Market Revenue Share, By Geography, 2020(%)
Wireless Health Market Drivers
Technological Advancements
Technological advancements is increasing the growth of the Wireless Health Market. Technological advancements has enabled manufacturers to develop pharmaceutical dosage forms that contains an ingestible sensor inside the pill to transfer the data after consumptions. Increasing advancements in wireless technologies has provided an opportunity to monitor the condition of patients, sends reminders to adhere to the respective prescribed treatment, and also notifies the healthcare status reports. Thus, increasing the growth of the Wireless Health Market during the forecast period 2021-2026.
Increasing Application of Internet of Things in Medical and Increasing Cardio Vascular Diseases
Increasing application of internet of things in medical and increasing cardiovascular diseases is increasing the growth of the Wireless Health Market. This is attributed to the fact that heart patients require continuous monitoring of certain vital body parameters such as heart rate, pulse rate, and electrocardiograms that shows current health status clearly. With the help of wireless network, the healthcare industry are able to access files remotely to direct diagnosis in case of unavailability. Blockchain initiatives are being widely implemented in the healthcare sector to help users by collecting data about all their physical activities, sleep, and overall health in hospitals. Thus, increasing the growth of the Wireless Health Market during the forecast period 2021-2026.
Wireless Health Market Challenges
Issues Pertaining to Cybersecurity and Privacy
Some of the factors that are set to impede the growth of the Wireless Health Market are the issues pertaining to cybersecurity and privacy as vast amount of healthcare data are generated during the course of treatment in medical centers and the theft of such data can damage privacy of patients.
Wireless Health Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Wireless Health Market. In 2020, the Wireless Health Market share is consolidated by the top ten players present in the market. Wireless Health Market, top 10 companies are Allscripts Healthcare Solutions Inc., Cerner Corporation, Omron Corporation, GE Healthcare, Aerohive Networks, Philips Healthcare, Berizon Communication Inc., Vocera Communication Inc., Alcatel Lucent, and Cisco Systems Inc. among others.
Acquisitions/Product Launches
- In April 2020, GE Healthcare and Microsoft had collaborated in order to launch covid-19 patient monitoring software for health systems and hospitals. This drives the market during forecast period.
- In June 2019, Aerohive Networks was announced as the second-largest vendor in the enterprise-class cloud-managed wireless local area network.
Relevant Titles:
Report Code: ITR 0203
Report Code: ITR 0016
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1. Wireless Health Market - Overview
1.1Definitions and Scope
2. Wireless Health Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Technology
2.3 Key trends by Component
2.4 Key rends by Application
2.5 Key trends by Geography
3. Wireless Health Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Wireless Health 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. Wireless Health 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. Wireless Health 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. Wireless Health Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Wireless Health Market – By Technology(Market Size –$Million/$Billion)
8.1 WiFi/WLAN
8.2 WPAN(Wireless Personal Area Network)
8.2.1 Zig Bee
8.2.2 RTLS & IPS
8.2.3 Z- Wave
8.2.4 Ultra Wide Band
8.3 WiMax(Worldwide Interoperability for Microwave Access)
8.4 WWAN(Wireless Wide Area Network)
8.4.13G & 4G
8.4.2GPRS
8.4.3CDMA
8.4.4GPS
9. Wireless Health Market – By Component(Market Size –$Million/$Billion)
9.1Software
9.2Hardware
9.3Services
10. Wireless Health Market – By Application(Market Size –$Million/$Billion)
10.1 Patient Specific
10.2 Physiological Monitoring
10.3 Patient Communication and Support
10.4 Provider/Payer Specific
11. Wireless Health Market - By Geography(Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Mexico
11.1.3 Canada
11.2 Europe
11.2.1 Germany
11.2.2 United Kingdom(U.K.)
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zealand
11.3.6 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Others
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Wireless Health Market - Entropy
13. Wireless Health Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Best Practices for Companies
14. Wireless Health Market – Key Company List by Country Premium Premium
15. Wireless Health Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Competitive Landscape Market 2019-2024 ($M)1.1 Allscripts Market 2019-2024 ($M) - Global Industry Research
1.2 Cerner Corporation Market 2019-2024 ($M) - Global Industry Research
1.3 Omron Healthcare, Inc. Market 2019-2024 ($M) - Global Industry Research
1.4 Koninklijke Philips N.V. Market 2019-2024 ($M) - Global Industry Research
1.5 Qualcomm Technologies, Inc. Market 2019-2024 ($M) - Global Industry Research
1.6 Vocera Communications Market 2019-2024 ($M) - Global Industry Research
1.7 Conifer Health Solutions, LLC. Market 2019-2024 ($M) - Global Industry Research
1.8 EPIC Systems Corporation Market 2019-2024 ($M) - Global Industry Research
1.9 Alcatel-Lucent Market 2019-2024 ($M) - Global Industry Research
1.10 ATT Market 2019-2024 ($M) - Global Industry Research
2.Global Competitive Landscape Market 2019-2024 (Volume/Units)
2.1 Allscripts Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Cerner Corporation Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Omron Healthcare, Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Koninklijke Philips N.V. Market 2019-2024 (Volume/Units) - Global Industry Research
2.5 Qualcomm Technologies, Inc. Market 2019-2024 (Volume/Units) - Global Industry Research
2.6 Vocera Communications Market 2019-2024 (Volume/Units) - Global Industry Research
2.7 Conifer Health Solutions, LLC. Market 2019-2024 (Volume/Units) - Global Industry Research
2.8 EPIC Systems Corporation Market 2019-2024 (Volume/Units) - Global Industry Research
2.9 Alcatel-Lucent Market 2019-2024 (Volume/Units) - Global Industry Research
2.10 ATT Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Competitive Landscape Market 2019-2024 ($M)
3.1 Allscripts Market 2019-2024 ($M) - Regional Industry Research
3.2 Cerner Corporation Market 2019-2024 ($M) - Regional Industry Research
3.3 Omron Healthcare, Inc. Market 2019-2024 ($M) - Regional Industry Research
3.4 Koninklijke Philips N.V. Market 2019-2024 ($M) - Regional Industry Research
3.5 Qualcomm Technologies, Inc. Market 2019-2024 ($M) - Regional Industry Research
3.6 Vocera Communications Market 2019-2024 ($M) - Regional Industry Research
3.7 Conifer Health Solutions, LLC. Market 2019-2024 ($M) - Regional Industry Research
3.8 EPIC Systems Corporation Market 2019-2024 ($M) - Regional Industry Research
3.9 Alcatel-Lucent Market 2019-2024 ($M) - Regional Industry Research
3.10 ATT Market 2019-2024 ($M) - Regional Industry Research
4.South America Competitive Landscape Market 2019-2024 ($M)
4.1 Allscripts Market 2019-2024 ($M) - Regional Industry Research
4.2 Cerner Corporation Market 2019-2024 ($M) - Regional Industry Research
4.3 Omron Healthcare, Inc. Market 2019-2024 ($M) - Regional Industry Research
4.4 Koninklijke Philips N.V. Market 2019-2024 ($M) - Regional Industry Research
4.5 Qualcomm Technologies, Inc. Market 2019-2024 ($M) - Regional Industry Research
4.6 Vocera Communications Market 2019-2024 ($M) - Regional Industry Research
4.7 Conifer Health Solutions, LLC. Market 2019-2024 ($M) - Regional Industry Research
4.8 EPIC Systems Corporation Market 2019-2024 ($M) - Regional Industry Research
4.9 Alcatel-Lucent Market 2019-2024 ($M) - Regional Industry Research
4.10 ATT Market 2019-2024 ($M) - Regional Industry Research
5.Europe Competitive Landscape Market 2019-2024 ($M)
5.1 Allscripts Market 2019-2024 ($M) - Regional Industry Research
5.2 Cerner Corporation Market 2019-2024 ($M) - Regional Industry Research
5.3 Omron Healthcare, Inc. Market 2019-2024 ($M) - Regional Industry Research
5.4 Koninklijke Philips N.V. Market 2019-2024 ($M) - Regional Industry Research
5.5 Qualcomm Technologies, Inc. Market 2019-2024 ($M) - Regional Industry Research
5.6 Vocera Communications Market 2019-2024 ($M) - Regional Industry Research
5.7 Conifer Health Solutions, LLC. Market 2019-2024 ($M) - Regional Industry Research
5.8 EPIC Systems Corporation Market 2019-2024 ($M) - Regional Industry Research
5.9 Alcatel-Lucent Market 2019-2024 ($M) - Regional Industry Research
5.10 ATT Market 2019-2024 ($M) - Regional Industry Research
6.APAC Competitive Landscape Market 2019-2024 ($M)
6.1 Allscripts Market 2019-2024 ($M) - Regional Industry Research
6.2 Cerner Corporation Market 2019-2024 ($M) - Regional Industry Research
6.3 Omron Healthcare, Inc. Market 2019-2024 ($M) - Regional Industry Research
6.4 Koninklijke Philips N.V. Market 2019-2024 ($M) - Regional Industry Research
6.5 Qualcomm Technologies, Inc. Market 2019-2024 ($M) - Regional Industry Research
6.6 Vocera Communications Market 2019-2024 ($M) - Regional Industry Research
6.7 Conifer Health Solutions, LLC. Market 2019-2024 ($M) - Regional Industry Research
6.8 EPIC Systems Corporation Market 2019-2024 ($M) - Regional Industry Research
6.9 Alcatel-Lucent Market 2019-2024 ($M) - Regional Industry Research
6.10 ATT Market 2019-2024 ($M) - Regional Industry Research
7.MENA Competitive Landscape Market 2019-2024 ($M)
7.1 Allscripts Market 2019-2024 ($M) - Regional Industry Research
7.2 Cerner Corporation Market 2019-2024 ($M) - Regional Industry Research
7.3 Omron Healthcare, Inc. Market 2019-2024 ($M) - Regional Industry Research
7.4 Koninklijke Philips N.V. Market 2019-2024 ($M) - Regional Industry Research
7.5 Qualcomm Technologies, Inc. Market 2019-2024 ($M) - Regional Industry Research
7.6 Vocera Communications Market 2019-2024 ($M) - Regional Industry Research
7.7 Conifer Health Solutions, LLC. Market 2019-2024 ($M) - Regional Industry Research
7.8 EPIC Systems Corporation Market 2019-2024 ($M) - Regional Industry Research
7.9 Alcatel-Lucent Market 2019-2024 ($M) - Regional Industry Research
7.10 ATT Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Wireless Health Market Revenue, 2019-2024 ($M)2.Canada Wireless Health Market Revenue, 2019-2024 ($M)
3.Mexico Wireless Health Market Revenue, 2019-2024 ($M)
4.Brazil Wireless Health Market Revenue, 2019-2024 ($M)
5.Argentina Wireless Health Market Revenue, 2019-2024 ($M)
6.Peru Wireless Health Market Revenue, 2019-2024 ($M)
7.Colombia Wireless Health Market Revenue, 2019-2024 ($M)
8.Chile Wireless Health Market Revenue, 2019-2024 ($M)
9.Rest of South America Wireless Health Market Revenue, 2019-2024 ($M)
10.UK Wireless Health Market Revenue, 2019-2024 ($M)
11.Germany Wireless Health Market Revenue, 2019-2024 ($M)
12.France Wireless Health Market Revenue, 2019-2024 ($M)
13.Italy Wireless Health Market Revenue, 2019-2024 ($M)
14.Spain Wireless Health Market Revenue, 2019-2024 ($M)
15.Rest of Europe Wireless Health Market Revenue, 2019-2024 ($M)
16.China Wireless Health Market Revenue, 2019-2024 ($M)
17.India Wireless Health Market Revenue, 2019-2024 ($M)
18.Japan Wireless Health Market Revenue, 2019-2024 ($M)
19.South Korea Wireless Health Market Revenue, 2019-2024 ($M)
20.South Africa Wireless Health Market Revenue, 2019-2024 ($M)
21.North America Wireless Health By Application
22.South America Wireless Health By Application
23.Europe Wireless Health By Application
24.APAC Wireless Health By Application
25.MENA Wireless Health By Application