Wireless Health Market, By Product Type, By Component, By Technology, By End User, By Application, By Geography

Description

The global wireless health market is estimated to be valued at USD 235.1 Mn in 2024 and is expected to reach USD 771.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 18.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 235.1 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	18.50%	2031 Value Projection:	US$ 771.2 Mn

Figure. Wireless Health Market Share (%), By Region 2024

The global wireless health market is witnessing steady growth over the last few years owing to the increasing utilization of digital health technologies. Factors, such as rising chronic disease prevalence, rising geriatric population, growing demand for home healthcare services, and the need for cost-effective healthcare delivery, are driving the adoption of wireless health solutions worldwide. Wireless health technologies enable remote monitoring of vital signs, quicker response times during medical emergencies, and better management of chronic conditions through digital devices and sensors. This not only improves patient outcomes but also reduces burden on healthcare systems. With further technological advancements and widespread availability, the wireless health market is expected to experience strong growth in the coming years.

Market Dynamics:

The global wireless health market growth is primarily driven by the growing geriatric population and increasing prevalence of chronic diseases worldwide. In July 2024, as per estimates from Centers for Disease Control and Prevention, chronic diseases affect over 100 million Americans and account for around 90% of the nation's US$ 4 trillion annual healthcare costs. Wireless health solutions aid in effective self-monitoring and management of chronic conditions such as diabetes, heart disease, and respiratory diseases. Growing demand for home healthcare owing to rising medical costs and focus on patient-centric care delivery is another key factor boosting the adoption of wireless health technologies across the world. Home healthcare allows patients to get monitored and treated at home, thereby avoiding costly hospitalizations. Furthermore, technological advancements in wearable devices, remote patient monitoring systems, and digital platforms are presenting attractive opportunities for wireless health solution providers to develop innovative products and services. However, data security concerns, stringent regulatory policies, and infrastructure challenges in developing countries may hamper the market growth to some extent.

Key Features of the Study:

This report provides in-depth analysis of the global wireless health market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global wireless health market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include IBM, Philips Healthcare, Cerner Corporation, Qualcomm Technologies, Inc., Medtronic, GE Healthcare, Omron Healthcare, Apple Inc., Samsung Electronics, Fitbit, Inc., Honeywell Life Sciences, Boston Scientific, Abbott Laboratories, Siemens Healthineers, and Allscripts Healthcare Solutions

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global wireless health market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wireless health market.

Market Segmentation

By Product Type Insights (Revenue, USD Mn, 2019 - 2031)
- Wearable Devices
- Mobile Health Applications
- Telehealth Solutions
- Remote Patient Monitoring Systems
By Component Insights (Revenue, USD Mn, 2019 - 2031)
- Hardware
- Software
- Services
By Technology Insights (Revenue, USD Mn, 2019 - 2031)
- Wireless Personal Area Networks (WPAN)
- Wireless Wide Area Networks (WWAN)
- Wireless Local Area Networks (WLAN)
By End User Insights (Revenue, USD Mn, 2019 - 2031)
- Patients/Individuals
- Healthcare Providers
- Healthcare Payers
By Application Insights (Revenue, USD Mn, 2019 - 2031)
- Chronic Disease Management
- Fitness and Wellness
- Emergency Medical Services
- Mental Health Monitoring
Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- IBM
- Philips Healthcare
- Cerner Corporation
- Qualcomm Technologies, Inc.
- Medtronic
- GE Healthcare
- Omron Healthcare
- Apple Inc.
- Samsung Electronics
- Fitbit, Inc.
- Honeywell Life Sciences
- Boston Scientific
- Abbott Laboratories
- Siemens Healthineers
- Allscripts Healthcare Solutions

Product Code: CMI7543

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Wireless Health Market, By Product Type
- Global Wireless Health Market, By Component
- Global Wireless Health Market, By Technology
- Global Wireless Health Market, By End User
- Global Wireless Health Market, By Application
- Global Wireless Health Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Driver
- Restraint
- Opportunity
Impact Analysis
Key Developments
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
Industry Trends

4. Global Wireless Health Market, By Product Type, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Wearable Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Mobile Health Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Telehealth Solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Remote Patient Monitoring Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

5. Global Wireless Health Market, By Component, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

6. Global Wireless Health Market, By Technology, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Wireless Personal Area Networks (WPAN)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Wireless Wide Area Networks (WWAN)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Wireless Local Area Networks (WLAN)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

7. Global Wireless Health Market, By End User, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Patients/Individuals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Healthcare Providers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Healthcare Payers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

8. Global Wireless Health Market, By Application, 2019-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Chronic Disease Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Fitness and Wellness
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Emergency Medical Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
Mental Health Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)

9. Global Wireless Health Market, By Region, 2019 - 2031, Value (USD Mn)

Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Component, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Mn)
  - South Africa
  - North Africa
  - Central Africa

10. Competitive Landscape

IBM
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Philips Healthcare
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Cerner Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Qualcomm Technologies, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Medtronic
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
GE Healthcare
Omron Healthcare
Apple Inc.
Samsung Electronics
Fitbit, Inc.
Honeywell Life Sciences
Boston Scientific
Abbott Laboratories
Siemens Healthineers
Allscripts Healthcare Solutions

11. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. References and Research Methodology

References
Research Methodology
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