According to a new market report by Lucintel, the future of the wireless health market looks promising with opportunities in hospitals, nursing homes and home healthcare. The wireless health market is expected to grow with a CAGR of 23% from 2019 to 2024. The major growth drivers for this market are increase in funding for digital health, advancements in wireless communication technology, increasing utilization of connected devices in the management of chronic diseases, adoption of patient-centric approach by healthcare providers, and mainstreaming of cloud computing.
Wireless health is a wireless technology which is used to perform diagnosis, monitoring and treatment of illness. In this market, software, hardware, and services are the major components. Software is the largest segment.
Within the wireless health market, WLAN/Wi-Fi, WPAN, Z-wave, WiMAX, WWAN are the major technologies. Wireless Personal Area Network (WPAN) is the largest market.
North America is the largest market over the forecast period due to rise in healthcare expenditure that demands cost-cutting measures, improved healthcare IT infrastructure, increase in adoption of IT-enabled services, and rise in awareness among the population regarding wireless technologies.

AT&T, Philips Healthcare, Qualcomm, Allscripts Healthcare Solutions, Alcatel-Lucent, Cerner Corporation, Omron Corporation, and Verizon Communications are among the major manufacturers of wireless health.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the wireless health market by technology, component, application, end-use industry, and region. Lucintel has prepared a comprehensive research report titled “Wireless Health Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the wireless health market by technology, component, application, end-use industry, and region as follows:
By Technology [$M shipment analysis for 2013 – 2024]:
• WLAN/Wi-Fi
• WPAN
• WiMAX
• WWAN
By Component [$M shipment analysis for 2013 – 2024]:
• Software
• Hardware
• Services
By Application [$M shipment analysis for 2013 – 2024]:
• Patient-Specific
o Physiological Monitoring
o Patient Communication and Support
• Provider/Payer-Specific
By End-Use Industry [$M shipment analysis for 2013 – 2024]:
• Providers
• Payers
• Patients/Individuals
By Region [$M shipment analysis for 2013 – 2024]:
• North America
o United States
o Canada
o Mexico
• Europe
o United Kingdom
o Germany
o France
o Italy
o Spain
• Asia-Pacific
o China
o Japan
o India
• Rest of the World (ROW)
o Brazil
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wireless-health-market.aspx or [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the wireless health market by technology (WLAN/Wi-Fi, WPAN, WiMAX, and WWAN, component (software, hardware, and services), application (patient-specific, and provider/payer-specific), end use industry (providers, payers, and patients/individuals), and region (North America, Europe, Asia-Pacific, and Rest of the World (ROW)
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting the market dynamics? What are the drivers and challenges of the wireless health market?
Q.5 What are the business risks and threats to the wireless health market?
Q.6 What are the emerging trends in this wireless health market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the wireless health market?
Q.8 What are the new developments in the wireless health market? Which companies are leading these developments?
Q.9 Who are the major players in this wireless health market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this wireless health area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this wireless health market?