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 wireless devices for medical applications, such as monitoring, medical therapeutics, diagnosis, and fitness & wellness. Additionally, the growing geriatric population and rising prevalence of chronic diseases are also contributing to the growth of this market. On the basis of type, the global wireless devices for medical market is segmented into sensors, Ics (integrated circuits), processors, and others. The sensors segment is expected to account for a major share of this market in 2018 owing to their growing use in various applications such as monitoring and diagnostics. On the basis of application, this market is divided into monitoring (clinical/non-clinical), medical therapeutics (drug delivery/surgical procedures), diagnosis (point-of-care testing/lab on chip), fitness & wellness (fitness trackers/smart watches), and other applications.
Product Definition:
A wireless device for medical use is a portable, battery-operated device that sends and receives data wirelessly. These devices are used to monitor patients' conditions and to transmit information from the patient's bedside to medical personnel. Wireless devices for medical use allow patients to be monitored remotely, which can improve care by allowing healthcare professionals to make better decisions about treatment.
Sensors:
Sensors are devices that detect and measure physical parameters, chemical compounds, or other types of information. They are used in various applications such as temperature sensors for the control of heaters and coolers; pressure sensors for the control of pumps; position sensors for robotics & automation systems; motion sensors for video surveillance equipment etc. Sensors have evolved over time from being a luxury to an essential component in modern-day electronics.
Ics:
Ics stands forImplantable Cardioverter Defibrillator. It is a medical device used to treat life-threatening heart arrhythmia. Ics are also used in cases of Sudden Cardiac Arrest due to sudden trauma, sports injury, or cardiac arrest caused by coronary artery disease or heart attack.
Application Insights:
The global wireless devices market is bifurcated into two parts, namely monitoring and medical therapeutics. In 2017, the monitoring segment dominated the overall industry with a revenue share of over 60%. The growth can be attributed to an increase in demand for advanced technology gadgets for remote patient monitoring. For instance, according to a study published by NCBI in 2018, it was found that nearly 50% of patients were using some form of wearable device for their chronic conditions such as diabetes and hypertension.
On the other hand, medical therapeutics segment is anticipated to witness lucrative growth during forecast period owing to increasing adoption rateof these devices among healthcare professionals as well as patients. Moreover, growing number of clinical trials supported by wireless technologies are further expected to drive this segment over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing investments by key players for developing advanced wireless devices for healthcare. For instance, in May 2018, Philips launched new wireless ECG device and app that will allow users to receive real-time data from their doctor or nurse without having to carry around a bulky monitor. Moreover, favorable government initiatives such as eHealth are also contributing towards market growth in this region.
Asia Pacific is anticipated to be the fastest growing regional market over the forecast period due to various factors such as rising geriatric population base and improving economic conditions of countries like India & China which are majorly driving demand for medical devices across various applications including monitoring & diagnosis; fitness & wellness; and others). In addition, increasing prevalence of chronic diseases coupled with growing awareness about early diagnosis will drive growth further.
Growth Factors:
- Increasing demand for wireless devices for medical applications from both developed and developing countries.
- Rapid technological advancements in the field of wireless devices for medical applications.
- Growing awareness about the benefits of using wireless devices for medical applications among healthcare professionals and patients alike.
- Rising demand for portable and lightweight wireless devices for medical applications from consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wireless Devicesfor Medical Market Research Report
By Type
Sensors, Ics, Processors, others
By Application
Monitoring, Medical Therapeutics, Diagnosis, Fitness & Wellness
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Wireless Devicesfor Medical Market Report Segments:
The global Wireless Devicesfor Medical market is segmented on the basis of:
Types
Sensors, Ics, Processors, others
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
Monitoring, Medical Therapeutics, Diagnosis, Fitness & Wellness
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 Devicesfor 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:
- Sensors
- Ics
- Processors
- others
- By Application:
- Monitoring
- Medical Therapeutics
- Diagnosis
- Fitness & Wellness
- 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 Devicesfor 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 those that use radio waves to send and receive data. They can be used in a variety of ways, including to monitor patients' vital signs, transmit images or other medical information, and track the location of implanted devices.
Some of the major players in the wireless devicesfor 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 devicesfor medical market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wireless Devicesfor Medical Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wireless Devicesfor Medical Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wireless Devicesfor Medical Market - Supply Chain
4.5. Global Wireless Devicesfor Medical Market Forecast
4.5.1. Wireless Devicesfor Medical Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wireless Devicesfor Medical Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wireless Devicesfor Medical Market Absolute $ Opportunity
5. Global Wireless Devicesfor Medical Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wireless Devicesfor Medical Market Size and Volume Forecast by Type
5.3.1. Sensors
5.3.2. Ics
5.3.3. Processors
5.3.4. others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wireless Devicesfor Medical Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wireless Devicesfor Medical Market Size and Volume Forecast by Application
6.3.1. Monitoring
6.3.2. Medical Therapeutics
6.3.3. Diagnosis
6.3.4. Fitness & Wellness
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wireless Devicesfor Medical Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wireless Devicesfor Medical Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wireless Devicesfor Medical Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wireless Devicesfor Medical Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wireless Devicesfor Medical Demand Share Forecast, 2019-2026
9. North America Wireless Devicesfor Medical Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wireless Devicesfor Medical Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wireless Devicesfor Medical Market Size and Volume Forecast by Application
9.4.1. Monitoring
9.4.2. Medical Therapeutics
9.4.3. Diagnosis
9.4.4. Fitness & Wellness
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wireless Devicesfor Medical Market Size and Volume Forecast by Type
9.7.1. Sensors
9.7.2. Ics
9.7.3. Processors
9.7.4. others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wireless Devicesfor Medical Demand Share Forecast, 2019-2026
10. Latin America Wireless Devicesfor Medical Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wireless Devicesfor Medical Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wireless Devicesfor Medical Market Size and Volume Forecast by Application
10.4.1. Monitoring
10.4.2. Medical Therapeutics
10.4.3. Diagnosis
10.4.4. Fitness & Wellness
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wireless Devicesfor Medical Market Size and Volume Forecast by Type
10.7.1. Sensors
10.7.2. Ics
10.7.3. Processors
10.7.4. others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wireless Devicesfor Medical Demand Share Forecast, 2019-2026
11. Europe Wireless Devicesfor Medical Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wireless Devicesfor Medical Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wireless Devicesfor Medical Market Size and Volume Forecast by Application
11.4.1. Monitoring
11.4.2. Medical Therapeutics
11.4.3. Diagnosis
11.4.4. Fitness & Wellness
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wireless Devicesfor Medical Market Size and Volume Forecast by Type
11.7.1. Sensors
11.7.2. Ics
11.7.3. Processors
11.7.4. others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wireless Devicesfor Medical Demand Share, 2019-2026
12. Asia Pacific Wireless Devicesfor Medical Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wireless Devicesfor Medical Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wireless Devicesfor Medical Market Size and Volume Forecast by Application
12.4.1. Monitoring
12.4.2. Medical Therapeutics
12.4.3. Diagnosis
12.4.4. Fitness & Wellness
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wireless Devicesfor Medical Market Size and Volume Forecast by Type
12.7.1. Sensors
12.7.2. Ics
12.7.3. Processors
12.7.4. others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wireless Devicesfor Medical Demand Share, 2019-2026
13. Middle East & Africa Wireless Devicesfor Medical Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wireless Devicesfor Medical Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wireless Devicesfor Medical Market Size and Volume Forecast by Application
13.4.1. Monitoring
13.4.2. Medical Therapeutics
13.4.3. Diagnosis
13.4.4. Fitness & Wellness
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wireless Devicesfor Medical Market Size and Volume Forecast by Type
13.7.1. Sensors
13.7.2. Ics
13.7.3. Processors
13.7.4. others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wireless Devicesfor Medical Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wireless Devicesfor Medical Market: Market Share Analysis
14.2. Wireless Devicesfor Medical Distributors and Customers
14.3. Wireless Devicesfor Medical Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Healthcare (U.K.)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Maxim Integrated (U.S.)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Texas Instruments (U.S.)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. STMicroelectronics N.V. (Switzerland)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Freescale Semiconductor Inc. (U.S.)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ON Semiconductor Corporation (U.S.)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Philips Healthcare (Netherland)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Omron Healthcare (Japan)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Medtronic, Inc. (U.S.)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Analog Devices (U.S.)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Renesas Electronics Corporation (Japan).
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook