Selbyville, Delaware, March 01, 2021 (GLOBE NEWSWIRE) – Global wireless health market, according to reliable analysts, they had reached a valuation of USD 89.63 billion in 2019 and are expected to record a CAGR of 23.10% during 2020-2027, after which it will reach USD 472.63 billion by the year 2027.
The document also offers a comprehensive analysis of the market segments such as technology type, component type, scope of application, end-user accessibility, and regional outlook. The study concludes with an analysis of the key companies operating in this industry area, further allowing for high returns and decision making during investment appraisal.
Widespread access to internet connections, increasing the number of smartphones and an increasing number of health apps have boosted the demand for wireless health solutions across the globe. It should be noted that wireless health systems are known to be a cost-effective alternative to conventional disease control solutions.
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According to Statista, the global wearables market had generated revenues worth USD 34 billion in the year 2019. Therefore, fitness wearables are more popular to monitor physical measurements including level heart, blood pressure, and sleep cycles help expand global wireless health market.
The growth of the elderly and increased pollution in diseased conditions also boost the industry outlook. The Wall Street Journal reports that there has been an increase in the adoption rates of digital medicine solutions to treat health disorders such as respiratory conditions, lung disease, and diabetes.
Wireless health systems are relatively expensive compared to traditional medical solutions and as such, could hinder the overall pay of the industry. Nonetheless, these networks are helping to reduce medical costs among the elderly, which in turn could offer beneficial growth opportunities to major manufacturers in the global wireless health market place.
Gist of market segments
The global wireless healthcare industry is segmented by technology type, component type, application accessibility, and end-user scope. Speaking of technology type, the market is further divided into WWAN, WiMAX, WPAN, and WLAN / Wi-Fi.
Moving on to a complementary type, the industry is divided into services, hardware and software. Based on application spectrum, the market is categorized into specific provider / payer, patient communication and support, psychology and patient specific.
Global wireless health market end-user access includes patients / individuals, payers, and providers.
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Summary of the regional view
From a regional perspective, Europe currently accounts for the largest share of the market and is expected to record continued growth over the forecast period. Rapid digitization of healthcare systems coupled with the growing demand for advanced information technologies is contributing to the business outlook in Europe.
Meanwhile, Asia-Pacific is slated to record the highest annual growth rate in the coming years, due to an increase in wireless healthcare equipment and disposable revenue.
Global Wireless Health Market by type of technology (revenue, billion USD, 2017-2027)
Component-based Global Wireless Health Market (revenue, billion USD, 2017-2027)
Global Wireless Health Market Demand Land (Revenue, Billion USD, 2017-2027)
- Dedicated provider / payee
- Patient Communication and Support
- Physiological
- Special for patients
Wireless health market end-user analysis (revenue, billion USD, 2017-2027)
- Patients / individuals
- Payers
- Providers
Global Wireless Health Market with Geographic Access (revenue, billion USD, 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
Competitive Global Global Wireless Health Market Dynamics (revenue, billion USD, 2017-2027)
- Alcatel-Lucent SA
- Vocera Communications Inc.
- Aerohive Networks Inc.
- Qualcomm Inc.
- Verizon Communications Inc.
- Koninklijke Philips NV
- Omron Corporation
- Corporal Cerner
- AT&T Inc.
- Allscripts Healthcare Solutions Inc.
Contents:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (billion USD)
1.2.1. Wireless Health Market, by region, 2018-2027 (billion USD)
1.2.2. Wireless Health Market, by technology, 2018-2027 (billion USD)
1.2.3. Wireless Health Market, by component, 2018-2027 (billion USD)
1.2.4. Wireless Health Market, by Application, 2018-2027 (billion USD)
1.2.5. Wireless Health Market, by end user, 2018-2027 (billion USD)
1.3. Key trends
1.4. Estimation approach
1.5. Research Evidence
Chapter 2. Definition and Scope of Wireless Health Market
2.1. The aim of the study
2.2. Definition and scope of the market
2.2.1. Scope of the Study
2.2.2. Business impact
2.3. Years considered for review
2.4. Currency conversion rates
Chapter 3. Wireless Global 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 force model 5
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. Inspector’s Recommendation & Decision
Chapter 5. Global Wireless Health Market, by technology
5.1. Market Snapshot
5.2. Global wireless health market with technology, performance – possible analysis
5.3. Global Wireless Health Technology Measurements & Projections with technology 2017-2027 (billion USD)
5.4. Wireless Health Market, Subsection 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 – possible analysis
6.3. Global Wireless Health Market Estimates & Forecasts by Component 2017-2027 (billion USD)
6.4. Wireless Health Market, Subsection 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 – Possible Analysis
7.3. Global Wireless Health Market Estimates & Forecasts by Demand 2017-2027 (billion USD)
7.4. Wireless Health Market, Subsection Analysis
7.4.1. Special for patients
7.4.2. Physical Examination
7.4.3. Patient Communication and Support
7.4.4. Dedicated provider / payee
Chapter 8. Global Wireless Health Market, End User
8.1. Market Snapshot
8.2. Global wireless Health Market with end user, performance – analysis possible
8.3. Global Wireless Health Market Estimates & Forecasts by End User 2017-2027 (billion USD)
8.4. Wireless Health Market, Subsection 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, Business Analysis Report, Regional Forecast, Demand Capacity, Price Rates, Share & Competitive Market Forecast, 2020 – 2026
Global Digital health market They are thought to be recording significant benefits over the coming period due to a significant increase in the adoption of mobile devices and mobile apps among physicians, and health care professionals to provide treatment to their patients. Digital Health is the use of information and communication technologies to treat patients, monitor public health, monitor disease, educate health care professionals, and conduct research. The wide range of digital health includes sectors such as accessible devices, telehealth and telemedicine, personalized medicine, mobile health (health), health information technology (IT). These digital health tools have a unique ability to properly diagnose an individual as well as treat the disease and improve the delivery of health care to the individual.
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