As cited by the research report titled ‘Global Wireless Health Market Size study, By Technology (WLAN/Wi-Fi, WPAN, WiMAX, WWAN) Component (Software, Hardware, Services) Application (Patient-specific, Physiological Monitoring, Patient Communication and Support, Provider/Payer-specific) End User (Providers, Payers, Patients/Individuals) and Regional Forecasts 2020-2027’, available with Market Study Report, global wireless health market was worth USD 89.63 billion in 2019 and is projected to grow with a CAGR of 23.1% over 2020-2027 to accumulate USD 472.63 billion by the end of study duration.
 

Rising number of healthcare programs all over the world, rising trend of self-management, increasing use of smartphones, and easy access to internet are the primary factors driving the global wireless health market expansion.
 

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According to Statista, in 2020, United States had 83% of populace using mobile internet. The United Arab Emirates grabbed the first position having 95% coverage for mobile internet.
 

Additionally, proliferation of wearable devices to track physical attributes like sleep, heart rate, blood pressure, and physical activity, is also propelling the industry growth. Rising geriatric populace, increasing prevalence of chronic diseases along with adoption of cost-effective automated drug dispensing systems are generating lucrative prospects for global wireless health business scenario. The Wall Street Journal cited that digital medicine is being increasing used for the treatments of illnesses like diabetes, respiratory disorders, and pulmonary disease.
 

Based on technology, worldwide wireless health market is classified into WPAN, WLAN/Wi-Fi, WiMAX and WWAN. According to component terrain, the marketplace is divided into hardware, software, and services.
 

Speaking of the application range, the industry is classified into patient specific, patient communication & support, physiological monitoring, and provider/payer-specific. While the end-user spectrum is arrayed into payers, providers, and patients/individuals.
 

Geographically, Asia Pacific, Europe, North America, and Latin America are major revenue generators for overall wireless health industry. Of these, Europe is slated to be a major growth hub for the market over 2020-2027, owing to increasing digitization in the healthcare sector, and focus to build & set up innovative information systems.
 

Whereas, Asia Pacific market is likely to showcase remunerative growth over the forecast period, on account of rising disposable income, and increasing demand for wireless healthcare equipment.
 

Major companies in global wireless health market sphere include Allscripts Healthcare Solutions Inc., ALE International SAS, Vocera Communications Inc., Aerohive Networks, Qualcomm, Verizon Communications Inc., Koninklijke Philips N.V., Omron Corporation, Cerner Corporation, and AT&T Inc