Market Overview:
The global wireless devices for medical market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for portable and wireless devices for medical applications, rising prevalence of chronic diseases, and technological advancements in the field of medical devices. Based on type, the global wireless devices for medical market is segmented into breath monitoring devices, blood pressure measuring devices, and other types. The breath monitoring device segment is expected to grow at a CAGR of 11.5% during the forecast period from 2018 to 2030 due to its growing demand as a non-invasive diagnostic tool across various applications such as hospital and clinic settings. Based on application, the global wireless devices for medical market is segmented into hospital settings, clinic settings, home care settings, and other applications.
Product Definition:
Wireless devices for medical are used to transmit data between medical devices and computers. This allows for real-time monitoring of patients, which can improve the quality of care they receive. Additionally, wireless technology can help reduce the amount of time nurses spend charting patient information.
Breath Monitoring Devices:
Breath monitoring devices are used for measuring the carbon dioxide level in human body. The rise in prevalence of chronic diseases such as diabetes, asthma, COPD and other respiratory diseases has led to an increase in demand for these devices. Technological advancements have also fueled growth of this market owing to increasing need for wireless medical devices that can be remotely located and accessed by healthcare professionals.
Blood Pressure Measuring Devices:
Blood pressure measuring devices are used in wireless medical devices for monitoring the blood pressure of patient. It is a non-invasive method which involves the use of an electronic device to measure the blood pressure with the help of cuff.
Global Blood Pressure (BP) Measuring Devices.
The global market size was valued at USD 1,019.3 million in 2015.
Application Insights:
Based on application, the global wireless devices for medical market is segmented into hospital, clinic and home care. The hospital segment dominated the overall market in terms of revenue in 2017 due to increasing prevalence of chronic diseases such as diabetes and cardiac disorders coupled with an increase in patient visits at hospitals. Moreover, a rise in terrorist attacks globally has increased demand for advanced diagnostic equipment that helps determine etiology (cause) of disease quickly. This has led to an increase in adoption of these devices at hospitals across the world.
The Clinic segment is expected to grow significantly over the forecast period owing to rising awareness about preventive healthcare along with increasing spending capacity by individuals & organizations on advanced healthcare services & products including wearable technologies and mobile applications that help them maintain health records & share information regarding symptoms with doctors or clinics through text messaging or social media platforms directly from their phones.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of key players, high adoption rate for advanced devices, and favorable reimbursement policies. The region is expected to maintain its dominance throughout the forecast period owing to factors such as increasing geriatric population prone to various diseases and rising awareness about wireless monitoring systems among physicians & patients.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure, growing patient awareness levels regarding available monitoring devices, technological advancements in sensors used by these monitors and an increase in disposable income especially among middle-class income groups that are more likely candidates for medical device purchases. Moreover, economic development coupled with government initiatives aimed at reducing disease burden will boost regional market growth over the next eight years (2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: Wireless devices for medical market is expected to grow significantly due to the increasing demand for minimally invasive surgeries. These surgeries are less risky and cause less pain and trauma as compared to traditional open surgery.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is expected to drive the demand for wireless devices for medical applications such as monitoring, diagnostics, and treatment of chronic diseases in elderly patients.
- Rising prevalence of chronic diseases: The incidence of chronic diseases such as cancer, heart disease, stroke, diabetes, etc., is on the rise globally due to changing lifestyles and aging population. This is likely to boost the demand for wireless devices used in diagnosis and treatment of these diseases in the coming years.
- Technological advancements: Rapid advancements in technology have led to development of new generation wireless devices that are smaller in size, consume low power, offer high-resolution images/data transmission rates etc., which are suitable for use in medical applications . This is likely to spur growth of the wireless devices marketfor medical applications over next few years . 5) Government initiatives towards healthcare sector modernization: Governments across various countries are investing heavily towards modernizationof their healthcare sectors with an aimto provide better quality healthcare services at affordable costs . Thisisexpectedtogrowthewirelessdevicesmarketfordmedicalapplicationsin theregion
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Devices for Medical Market Research Report
By Type
Breath Monitoring Devices, Blood Pressure Measuring Devices, Other
By Application
Hospital, Clinic
By Companies
GE Healthcare (U.K.), Maxim Integrated (U.S.), Texas Instruments (U.S.), STMicroelectronics N.V. (Switzerland), Freescale Semiconductor Inc. (U.S.), ON Semiconductor Corporation (U.S.), Philips Healthcare (Netherland), Omron Healthcare (Japan), Medtronic, Inc. (U.S.), Analog Devices (U.S.), Renesas Electronics Corporation (Japan).
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Devices for Medical Market Report Segments:
The global Wireless Devices for Medical market is segmented on the basis of:
Types
Breath Monitoring Devices, Blood Pressure Measuring Devices, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare (U.K.)
- Maxim Integrated (U.S.)
- Texas Instruments (U.S.)
- STMicroelectronics N.V. (Switzerland)
- Freescale Semiconductor Inc. (U.S.)
- ON Semiconductor Corporation (U.S.)
- Philips Healthcare (Netherland)
- Omron Healthcare (Japan)
- Medtronic, Inc. (U.S.)
- Analog Devices (U.S.)
- Renesas Electronics Corporation (Japan).
Highlights of The Wireless Devices for Medical Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Breath Monitoring Devices
- Blood Pressure Measuring Devices
- Other
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wireless Devices for Medical Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wireless devices for medical applications are devices that use radio waves to send and receive data. They can be used to monitor patients, track their health, and transmit information between doctors and hospitals.
Some of the key players operating in the wireless devices for medical market are GE Healthcare (U.K.), Maxim Integrated (U.S.), Texas Instruments (U.S.), STMicroelectronics N.V. (Switzerland), Freescale Semiconductor Inc. (U.S.), ON Semiconductor Corporation (U.S.), Philips Healthcare (Netherland), Omron Healthcare (Japan), Medtronic, Inc. (U.S.), Analog Devices (U.S.), Renesas Electronics Corporation (Japan)..
The wireless devices for medical market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wireless Devices for Medical Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wireless Devices for Medical Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wireless Devices for Medical Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wireless Devices for Medical Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wireless Devices for Medical Market Size & Forecast, 2018-2028
4.5.1 Wireless Devices for Medical Market Size and Y-o-Y Growth
4.5.2 Wireless Devices for Medical Market Absolute $ Opportunity
Chapter 5 Global Wireless Devices for Medical Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wireless Devices for Medical Market Size Forecast by Type
5.2.1 Breath Monitoring Devices
5.2.2 Blood Pressure Measuring Devices
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wireless Devices for Medical Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wireless Devices for Medical Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wireless Devices for Medical Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wireless Devices for Medical Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wireless Devices for Medical Analysis and Forecast
9.1 Introduction
9.2 North America Wireless Devices for Medical Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wireless Devices for Medical Market Size Forecast by Type
9.6.1 Breath Monitoring Devices
9.6.2 Blood Pressure Measuring Devices
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wireless Devices for Medical Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wireless Devices for Medical Analysis and Forecast
10.1 Introduction
10.2 Europe Wireless Devices for Medical Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wireless Devices for Medical Market Size Forecast by Type
10.6.1 Breath Monitoring Devices
10.6.2 Blood Pressure Measuring Devices
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wireless Devices for Medical Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wireless Devices for Medical Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wireless Devices for Medical Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wireless Devices for Medical Market Size Forecast by Type
11.6.1 Breath Monitoring Devices
11.6.2 Blood Pressure Measuring Devices
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wireless Devices for Medical Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wireless Devices for Medical Analysis and Forecast
12.1 Introduction
12.2 Latin America Wireless Devices for Medical Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wireless Devices for Medical Market Size Forecast by Type
12.6.1 Breath Monitoring Devices
12.6.2 Blood Pressure Measuring Devices
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wireless Devices for Medical Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wireless Devices for Medical Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wireless Devices for Medical Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wireless Devices for Medical Market Size Forecast by Type
13.6.1 Breath Monitoring Devices
13.6.2 Blood Pressure Measuring Devices
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wireless Devices for Medical Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wireless Devices for Medical Market: Competitive Dashboard
14.2 Global Wireless Devices for Medical Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Healthcare (U.K.)
14.3.2 Maxim Integrated (U.S.)
14.3.3 Texas Instruments (U.S.)
14.3.4 STMicroelectronics N.V. (Switzerland)
14.3.5 Freescale Semiconductor Inc. (U.S.)
14.3.6 ON Semiconductor Corporation (U.S.)
14.3.7 Philips Healthcare (Netherland)
14.3.8 Omron Healthcare (Japan)
14.3.9 Medtronic, Inc. (U.S.)
14.3.10 Analog Devices (U.S.)
14.3.11 Renesas Electronics Corporation (Japan).
