PUBLISHER: The Business Research Company | PRODUCT CODE: 1657109
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657109
Wireless healthcare involves the incorporation of wireless technology into conventional medical practices, encompassing the diagnosis, monitoring, and treatment of illnesses, along with tools aimed at empowering individuals to enhance their personal health and well-being. The integration of wireless technology in healthcare ensures real-time documentation accuracy, reduces costs for consumers, grants access to instantaneous patient records, and facilitates the remote monitoring of patients' conditions.
Key technologies in wireless healthcare include Wireless Personal Area Network (WPAN), Worldwide Interoperability for Microwave Access (WiMAX), Wi-Fi, and Wireless Wide Area Network (WWAN). The components of wireless healthcare encompass hardware, software, and services. A Wireless Personal Area Network (WPAN) serves to convey information over short distances within a private and intimate group of participant devices. It functions as a network for connecting devices within an individual's workspace, utilizing wireless connections, and may rely on technologies such as Ultra-Wide Band (UWB), Bluetooth, or ZigBee. Major applications of wireless healthcare are patient-specific and provider-specific, while the primary end users include providers, payers, and patients.
The wireless healthcare market research report is one of a series of new reports from The Business Research Company that provides wireless healthcare market statistics, including wireless healthcare industry global market size, regional shares, competitors with wireless healthcare market share, detailed wireless healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the wireless healthcare industry. This wireless healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wireless healthcare market size has grown rapidly in recent years. It will grow from $201.49 billion in 2024 to $235.54 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. 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 exponential growth in the next few years. It will grow to $521 billion in 2029 at a compound annual growth rate (CAGR) of 22.0%. 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.
The growing demand for remote access to healthcare through mobile phones is a significant driver of the wireless healthcare market. This remote access facilitates cost savings in telehealth by requiring less equipment, while also enhancing the advantages of remote patient monitoring (RPM), which helps alleviate the workload for medical professionals. Additionally, smartphones allow doctors to access patients' documents and records. For example, in August 2024, The Health Foundation, a UK-based charitable organization, reported that in the 2023 Commonwealth Fund survey, the UK and Australia were leaders among the surveyed countries in utilizing remote consultations for primary care. Approximately 37% of participants in the UK indicated that they had access to some form of remote virtual care or telehealth in the past year. Therefore, the increasing demand for remote access to healthcare via mobile phones is driving growth in the wireless healthcare market.
The growth of the wireless healthcare market is further fueled by the increasing number of aging individuals. The aging population, marked by natural physical and cognitive changes associated with later stages of adulthood, creates a significant demand for wireless healthcare technology. This technology plays a crucial role in monitoring and enhancing the health of the aging demographic, facilitating remote health tracking, timely interventions, and an improved quality of life. According to the World Health Organization's data in October 2022, globally, 1 in 6 individuals is projected to be 60 or older by 2030, reaching an estimated 2.1 billion elderly people by 2050. Consequently, the surge in the aging population is a key driver contributing to the growth of the wireless healthcare market.
A recent trend in the wireless healthcare market involves the emergence of wearable healthcare devices. These small electronic devices, placed on the body, measure various health parameters such as temperature, blood pressure, blood oxygen, and more. Wearables play a transformative role in shifting healthcare from a traditional hospital-centered model to a personal, portable device-centered model. There is a growing need for real-time, multi-functional, and personalized monitoring, especially in areas like wound healing. Companies like Proteus, Neurotech, and Philips Healthcare have introduced wearable healthcare devices, contributing to the evolution of healthcare technologies.
Major companies in the wireless healthcare market are strategically focusing on introducing portable wireless healthcare devices to gain a competitive advantage. Portable devices, equipped with wireless connectivity, enable the remote monitoring and tracking of health parameters and data. In August 2023, GE HealthCare launched Vscan Air SL, a wireless handheld ultrasound imaging system. This portable and wireless device empowers clinicians to efficiently collect and view cardiac and vascular images at the point of care, incorporating advanced imaging technologies for enhanced performance.
In April 2023, TSC Connected Care acquired Connected Health Group for an undisclosed amount. This strategic acquisition positions TSC Connected Care to offer a comprehensive range of digital health solutions, strengthening its ability to connect patients and clinicians throughout the continuum of care. Connected Health Group, based in Ireland, specializes in healthcare services, including wireless healthcare solutions. This acquisition is expected to contribute to TSC Connected Care's growth and expansion in the digital health space.
Major companies operating in the wireless healthcare market include 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
Asia-Pacific was the largest region in the wireless healthcare market in 2024. 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 countries covered in the wireless healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The wireless healthcare market includes revenues earned by entities by facilitating the delivery of health care with wireless RF communication technologies including Wi-Fi, Bluetooth, and cellular/mobile phones. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wireless Healthcare Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wireless healthcare market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wireless healthcare ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wireless healthcare market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.