Wireless Health Market is driven by growing adoption of mobile health solutions
The wireless health market deals with remote monitoring and diagnosis of medical issues using mobile and wireless technologies. Wireless health solutions help in continuous monitoring of vital signs like blood pressure, sugar level, ECG, and oxygen saturation. They also allow remote access to medical records and enable digital therapeutics for managing chronic conditions including diabetes, hypertension, and respiratory disorders more effectively from home. Use of wireless health solutions reduce hospital visits and healthcare costs. Devices like wearable activity trackers, sleep monitors, and watches facilitate self-monitoring of fitness and health parameters which incentivizes users to take measures for better well-being.
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.
Key Takeaways
Key players operating in the Wireless Health are 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. These players are focusing on partnerships, new product launches, and development of innovative solutions to expand t
The wireless health market deals with remote monitoring and diagnosis of medical issues using mobile and wireless technologies. Wireless health solutions help in continuous monitoring of vital signs like blood pressure, sugar level, ECG, and oxygen saturation. They also allow remote access to medical records and enable digital therapeutics for managing chronic conditions including diabetes, hypertension, and respiratory disorders more effectively from home. Use of wireless health solutions reduce hospital visits and healthcare costs. Devices like wearable activity trackers, sleep monitors, and watches facilitate self-monitoring of fitness and health parameters which incentivizes users to take measures for better well-being.
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.
Key Takeaways
Key players operating in the Wireless Health are 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. These players are focusing on partnerships, new product launches, and development of innovative solutions to expand t
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