Global Wireless Medical Devices Market

Global Wireless Medical Devices Market Size, Trends & Analysis - Forecasts to 2026 By Component (Software, Display/Monitor, Sensors, ICs, and Microprocessors/Microcontrollers), By Product Type (Portable Monitoring Devices, Wearable Monitoring Devices, Bench Top/Table Top Monitoring Devices, And Smart Syringes & Pumps), By Application (Monitoring, Medical Therapeutics, Diagnosis, and Fitness & Wellness), By End User (Hospital & Clinic Settings, Home Care Settings, Research Institutes, And Diagnostic Settings), By Region (North America, Europe, Asia Pacific, MEA, CSA); End User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis

Category Healthcare

Format

This report was recently updated on April 13 2024 with the latest and most recent market numbers

Wireless Medical Devices Market Insights

The global wireless medical devices market is estimated to witness a significant growth during the forecast period (2020-2026). This market is expected to grow at a CAGR of 14.0% during the forecast period, to reach USD 45.0 billion by 2026 from USD 20.5 billion in 2020. The increasing urbanization, demand for personalized medical care, increasing geriatric population clubbed with lifestyle disorders, rising buying potential, and awareness about portable health monitoring, will accelerate the growth of the wireless medical devices market.

Wireless Medical Devices Market: By Component

On the basis of component, the market is segmented into software, display/monitor, sensors, ICs, and microprocessors/microcontrollers. However, the sensors market will hold the largest share in the wireless medical devices market. Sensors being the integral part of monitoring device, will witness this high share due to rising demand for wearable and monitoring devices for home care settings. The awareness about remote health monitoring has also contributed to the sensors segmental growth.

Wireless Medical Devices Market: By Product Type

Based on product type, the market is segmented into portable monitoring devices, wearable monitoring devices, bench top/table top monitoring devices, and smart syringes & pumps. The wearable monitoring devices segment is estimated to grow at the fastest rate during the forecast period. This can be mainly attributed to growing consumer preference and customer base for integrated healthcare devices at an affordable price clubbed with growing patient awareness related to personal fitness and health. The rapid software/technology up gradation to these devices are also one of the reasons to be most used devices in the market.

Wireless Medical Devices Market: By Application

Based on application, the market is segmented into monitoring, medical therapeutics, diagnosis, and fitness & wellness. The monitoring segment is estimated to hold the largest share of the market in 2020. The large share of this segment is attributed to the rising prevalence of lifestyle disorders and the need for screening and diagnosis of these diseases. Plus the advent of minimally invasive monitoring system for disease diagnosis has gained popularity in the last few years. COVID-19 outbreak has positively influenced the monitoring devices market segment. Monitoring devices including cardiac monitors, blood monitors, respiratory devices and temperature monitoring devices are facing immense demand, owing to their huge usage in patient diagnosis and treatment.

Wireless Medical Devices Market: By End Users

Based on end users, the market is segmented into hospital & clinic settings, home care settings, research institutes, and diagnostic settings. The home care segment is estimated to hold the largest share of the market in 2020. This is due to the growth in awareness regarding advantages of using remote monitoring at patient’s home, and availabity of pocket friendly devices. COVID-19 outbreak is another major reason for this segment to grow exponentially as it supports patient monitoring at home settings.

Wireless Medical Devices Market: By Region

Based on the region, the market is segmented into North America, Asia-Pacific, Europe, Middle East and Africa and Central & South America. North America is expected to dominate the market during the forecast period. This is due to easy in adaptability to the advanced personal healthcare care technology and good purchasing power amongst the patients and the hospital settings. Furthermore, Asia-Pacific region is expected to grow at a high CAGR during the forecast period. Integration of the healthcare industry with information technology is expected to pose an opportunity of growth in the APAC region.

Wireless Medical Devices Market Share and Competitor Analysis

The key players operating in the market include: Analog Devices, Inc., Freescale Semiconductor, Inc., GE Healthcare, Infineon Technologies, Maxim Integrated, Medtronic, Omron Healthcare, On Semiconductor Corporation, Philips Healthcare, Renesas Electronics Corporation, Stmicroelectronics, Texas Instruments, HeartFlow, and other companies. (Other companies include Sotera, Alivecor, MediBeacon, Vincense, iHealth Lab Inc., Withings, Muse, SpaceLabs, Schiller, Masimo, Suntech Medical, and HingMed).

Please note: This is not an exhaustive list of companies profiled in the report.

In February 2020, Alivecore (US) received an approval from Federal Commission for the Protection against Sanitary Risk (COFEPRIS), to launch KardiaMobile in Mexico. The company entered into a partnership with Inpharamo (Mexico) in order to further expand and market AliveCor’s product.

In January 2020, Omron Healthcare (US) launched HeartGuide (the first wearable blood pressure monitor) and Complete (the first blood pressure monitor with EKG in a single device).

In October 2019, Omron Healthcare (US) launched a series of blood pressure monitors with updated features for improved accuracy, ease of use and reliability.

Related Reports: Healthcare Devices Market Reports

Check the Press Release on Global Wireless Medical Devices Market Report

Wireless Medical Devices Market: By Component

Introduction
1. Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
Display/Monitor
1. Display/Monitor: Wireless Medical Devices Market, 2020-2026 (USD Million)
Microprocessors/Microcontrollers
1. Mid Capacity Wireless Medical Devices: Wireless Medical Devices Market, 2020-2026 (USD Million)
Software
1. Software: Wireless Medical Devices Market, 2020-2026 (USD Million)
ICs
1. ICs: Wireless Medical Devices Market, 2020-2026 (USD Million)
Sensors
1. Sensors: Wireless Medical Devices Market, 2020-2026 (USD Million)

Wireless Medical Devices Market: By Product Type

Introduction
1. Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
Portable Monitoring Devices
1. Portable Monitoring Devices: Wireless Medical Devices Market, 2020-2026 (USD Million)
Wearable Monitoring Devices
1. Wearable Monitoring Devices: Wireless Medical Devices Market, 2020-2026 (USD Million)
Bench Top/Table Top Monitoring Devices
1. Bench Top/Table Top Monitoring Devices: Wireless Medical Devices Market, 2020-2026 (USD Million)
Smart Syringes & Pumps
1. Smart Syringes & Pumps: Wireless Medical Devices Market, 2020-2026 (USD Million)

Wireless Medical Devices Market: By Application

Introduction
1. Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
Medical Therapeutics
1. Medical Therapeutics: Wireless Medical Devices Market, 2020-2026 (USD Million)
Fitness & Wellness
1. Fitness & Wellness: Wireless Medical Devices Market, 2020-2026 (USD Million)
Monitoring
1. Monitoring: Wireless Medical Devices Market, 2020-2026 (USD Million)
Diagnosis
1. Diagnosis: Wireless Medical Devices Market, 2020-2026 (USD Million)

Wireless Medical Devices Market: By End-User

Introduction
1. Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
Hospital & Clinic Settings
1. Hospital & Clinic Settings: Wireless Medical Devices Market, 2020-2026 (USD Million)
Home Care Settings
1. Home Care Settings: Wireless Medical Devices Market, 2020-2026 (USD Million)
Research Institutes
1. Research Institutes: Wireless Medical Devices Market, 2020-2026 (USD Million)
Diagnostic Settings
1. Diagnostic Settings: Wireless Medical Devices Market, 2020-2026 (USD Million)

Wireless Medical Devices Market: By Region

Introduction
1. Global Wireless Medical Devices Market, Regional Analysis, 2020-2026 (USD Million)
North America
1. North America Wireless Medical Devices Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. North America Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
  2. By Product Type
    1. North America Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
  3. By Application
    1. North America Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
  4. By End-User
    1. North America Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
  5. By Country
    1. U.S
      1. By Component
        
        U.S Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        U.S Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        U.S Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        U.S Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    2. Canada.
      1. By Component
        
        Canada Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        Canada Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        Canada Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        Canada Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    3. Mexico
      1. By Component
        
        Mexico Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        Mexico Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        Mexico Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        Mexico Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
Europe
1. Europe Wireless Medical Devices Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Europe Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
  2. By Product Type
    1. Europe Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
  3. By Application
    1. Europe Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
  4. By End-User
    1. Europe Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
  5. By Country
    1. Germany
      1. By Component
        
        Germany Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        Germany Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        Germany Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        Germany Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    2. UK
      1. By Component
        
        UK Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        UK Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        UK Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        UK Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    3. France
      1. By Component
        
        France Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        France Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        France Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        France Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    4. Italy
      1. By Component
        
        Italy Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        Italy Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        Italy Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        Italy Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    5. Rest Of Europe
      1. By Component
        
        Rest Of Europe Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        Rest Of Europe Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        Rest Of Europe Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        Rest Of Europe Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
Asia Pacific
1. Asia Pacific Wireless Medical Devices Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Asia Pacific Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
  2. By Product Type
    1. Asia Pacific Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
  3. By Application
    1. Asia Pacific Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
  4. By End-User
    1. Asia Pacific Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
  5. By Country
    1. China
      1. By Component
        
        China Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        China Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        China Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        China Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    2. Japan
      1. By Component
        
        Japan Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        Japan Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        Japan Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        Japan Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    3. India
      1. By Component
        
        India Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        India Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        India Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        India Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    4. South Korea
      1. By Component
        
        South Korea Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        South Korea Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        South Korea Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        South Korea Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
Central & South America
1. Central & South America Wireless Medical Devices Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Central & South America Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
  2. By Product Type
    1. Central & South America Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
  3. By Application
    1. Central & South America Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
  4. By End-User
    1. Central & South America Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
  5. By Country
    1. Brazil
      1. By Component
        
        Brazil Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        Brazil Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        Brazil Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        Brazil Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
Middle East & Africa
1. Middle East & Africa Wireless Medical Devices Market, Regional Analysis, 2020-2026 (USD Million)
  1. By Component
    1. Middle East & Africa Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
  2. By Product Type
    1. Middle East & Africa Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
  3. By Application
    1. Middle East & Africa Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
  4. By End-User
    1. Middle East & Africa Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
  5. By Country
    1. Saudi Arabia
      1. By Component
        
        Saudi Arabia Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        Saudi Arabia Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        Saudi Arabia Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        Saudi Arabia Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)
    2. UAE
      1. By Component
        
        UAE Wireless Medical Devices Market, By Component, 2020-2026 (USD Million)
      2. By Product Type
        
        UAE Wireless Medical Devices Market, By Product Type, 2020-2026 (USD Million)
      3. By Application
        
        UAE Wireless Medical Devices Market, By Application, 2020-2026 (USD Million)
      4. By End-User
        
        UAE Wireless Medical Devices Market, By End-User, 2020-2026 (USD Million)

The global Wireless Medical Devices Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Wireless Medical Devices Market.

Wireless Medical Devices Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Wireless Medical Devices Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Wireless Medical Devices Market