The global wireless healthcare market size was estimated to be USD 107.5 billion in 2023 and is expected to reach at USD 1076.5 billion by 2033 with a CAGR of 23.3% during the forecast period 2023-2033. Increasing demand for remote monitoring, rising technological advancements, cost reduction and operational efficiency, rising consumer adoption of wearable devices, and improving access to healthcare will drive the market growth.
The capabilities and dependability of wireless healthcare solutions have been considerably improved by developments in wireless communication technologies like 5G, the Internet of Things (IoT), and cloud computing. These developments have accelerated the adoption of wireless healthcare devices by enabling seamless data transmission, enhancing connectivity, and enabling real-time monitoring and communication. For instance, Medtronic announced the introduction of the InPenTM in 2021, which would be connected with real-time Guardian ConnectTM CGM data and enable insulin dosage recommendations based on glucose levels for people with diabetes.
By technology, wireless personal area network was the highest revenue-grossing segment in the global wireless healthcare market in 2022 owing to its widespread adoption and utilization in various healthcare applications. For instance, Philips unveiled the Philips Sonicare 9900 Prestige electric toothbrush in 2021, which combines wireless connectivity and artificial intelligence for individualised oral healthcare. Wireless local area network (WLAN) will be the fastest revenue-grossing segment in the global wireless healthcare market in 2022 owing to its ability to provide robust and scalable connectivity within healthcare facilities.
By component type, software was the highest revenue-grossing segment in the global wireless healthcare market in 2022 owing to the need to integrate diverse healthcare data sources, improve care coordination, and comply with regulatory requirements. For instance, Abbott's FreeStyle Libre 2 iOS app obtained FDA approval in 2021, enabling iPhone users to check their blood sugar levels using the FreeStyle Libre 2 continuous glucose monitoring system. Services will be the fastest revenue-grossing segment in the global wireless healthcare market in 2022 owing to the growing adoption of telemedicine and remote patient monitoring services.
By end-user, hospitals and clinics was the highest revenue-grossing segment in the global wireless healthcare market in 2022 owing to their increasing investment in wireless healthcare infrastructure and technology. For instance, in 2021, GE Healthcare joined forces with InTouch Health to enhance its telehealth capabilities, enabling healthcare professionals to provide virtual treatment and remote patient monitoring. Research and diagnostic laboratories will be the fastest revenue-grossing segment in the global wireless healthcare market in 2022 owing to the increasing demand for wireless connectivity and data integration in laboratory settings.
The capabilities and dependability of wireless healthcare solutions have been considerably improved by developments in wireless communication technologies like 5G, the Internet of Things (IoT), and cloud computing. These developments have accelerated the adoption of wireless healthcare devices by enabling seamless data transmission, enhancing connectivity, and enabling real-time monitoring and communication. For instance, Medtronic announced the introduction of the InPenTM in 2021, which would be connected with real-time Guardian ConnectTM CGM data and enable insulin dosage recommendations based on glucose levels for people with diabetes.
By technology, wireless personal area network was the highest revenue-grossing segment in the global wireless healthcare market in 2022 owing to its widespread adoption and utilization in various healthcare applications. For instance, Philips unveiled the Philips Sonicare 9900 Prestige electric toothbrush in 2021, which combines wireless connectivity and artificial intelligence for individualised oral healthcare. Wireless local area network (WLAN) will be the fastest revenue-grossing segment in the global wireless healthcare market in 2022 owing to its ability to provide robust and scalable connectivity within healthcare facilities.
By component type, software was the highest revenue-grossing segment in the global wireless healthcare market in 2022 owing to the need to integrate diverse healthcare data sources, improve care coordination, and comply with regulatory requirements. For instance, Abbott's FreeStyle Libre 2 iOS app obtained FDA approval in 2021, enabling iPhone users to check their blood sugar levels using the FreeStyle Libre 2 continuous glucose monitoring system. Services will be the fastest revenue-grossing segment in the global wireless healthcare market in 2022 owing to the growing adoption of telemedicine and remote patient monitoring services.
By end-user, hospitals and clinics was the highest revenue-grossing segment in the global wireless healthcare market in 2022 owing to their increasing investment in wireless healthcare infrastructure and technology. For instance, in 2021, GE Healthcare joined forces with InTouch Health to enhance its telehealth capabilities, enabling healthcare professionals to provide virtual treatment and remote patient monitoring. Research and diagnostic laboratories will be the fastest revenue-grossing segment in the global wireless healthcare market in 2022 owing to the increasing demand for wireless connectivity and data integration in laboratory settings.
Global Wireless Healthcare Market, By Region (USD Billion)
North America was the highest revenue-grossing segment in the global wireless healthcare market in 2022 owing to its advanced healthcare infrastructure, significant investments in wireless healthcare technologies, and early adoption of digital health solutions. For instance, Cisco unveiled the Cisco Healthcare Connector in 2021, a wireless technology that offers safe and dependable communication for medical equipment and software. Asia Pacific will be the fastest revenue-grossing segment in the global wireless healthcare market in 2022 owing to the rapid adoption of wireless healthcare technologies, growing healthcare infrastructure, and increasing investment in digital health solutions.Global Services Market (USD Billion), 2023 & 2033
This comprehensive research report focuses on the global and regional market size and forecasts from 2022 to 2033.Report Scope:
- Base Year: 2022
- Forecast Period: 2023-2033
- Study Coverage
- Market Forecast by Technology, Component Type, End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement
Segmentation: Wireless Healthcare Market Report 2022-2033
Wireless Healthcare Market Analysis & Forecast by Technology 2022-2033 (Revenue USD Bn)
- WLAN/Wi-Fi
- WPAN
- WiMAX
- WWAN
Wireless Healthcare Market Analysis & Forecast by Component Type 2022-2033 (Revenue USD Bn)
- Software
- Hardware
- Services
Wireless Healthcare Market Analysis & Forecast by End-User 2022-2033 (Revenue USD Bn)
- Hospitals and Clinics
- Home Healthcare
- Pharmaceutical and Biotechnology Companies
- Research and Diagnostic Laboratories
Wireless Healthcare Market Analysis & Forecast by Region 2022-2033 (Revenue USD Bn)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin American
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Wireless Healthcare Market: Technology Estimates & Trend Analysis
8. Wireless Healthcare Market: Component Type Estimates & Trend Analysis
9. Wireless Healthcare Market: End-user Estimate & Trend Analysis
10. Regional Market Analysis
11. North America Wireless Healthcare Market
12. Europe Global Wireless Healthcare Market
13. Asia Pacific Global Wireless Healthcare Market
14. Latin America Global Wireless Healthcare Market
15. MEA Global Wireless Healthcare Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- CryoLife, Inc
- Baxter International, Inc
- Cohera Medical, Inc
- C.R. Bard, Inc
- Ethicon, Inc. [J&J]
- Cardinal Health
- Integra LifeSciences Holdings Corporation
- Mallinckrodt plc
- B. Braun Melsungen AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | July 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 107.5 Billion |
| Forecasted Market Value ( USD | $ 1076.5 Billion |
| Compound Annual Growth Rate | 23.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
