PUBLISHER: The Business Research Company | PRODUCT CODE: 1760745
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760745
Wireless medical devices are healthcare tools that incorporate wireless communication technologies, allowing for real-time data transfer between patients and healthcare providers without the need for physical connections. These devices are designed to monitor, diagnose, or treat medical conditions, offering increased mobility and convenience.
The primary categories of wireless medical devices include wearable devices, implantable devices, handheld and portable devices, stationary devices, and other types. Wearable devices are small, sensor-based gadgets that are worn on the body, continuously tracking health metrics and wirelessly sending real-time data for medical analysis. These devices rely on various communication technologies such as Bluetooth, Wi-Fi, Near Field Communication (NFC), Zigbee, Radio Frequency Identification (RFID), Ultra-Wideband (UWB), and others. They are used in multiple areas, including cardiology, neurology, respiratory care, diabetes management, point-of-care, and other medical fields. These devices are employed by diverse users, including hospitals, home healthcare services, diagnostic centers, ambulatory care facilities, and other healthcare environments.
The wireless medical devices market research report is one of a series of new reports from The Business Research Company that provides wireless medical devices market statistics, including the wireless medical devices industry global market size, regional shares, competitors with the wireless medical devices market share, detailed wireless medical devices market segments, market trends, and opportunities, and any further data you may need to thrive in the wireless medical devices industry. This wireless medical devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The wireless medical devices market size has grown rapidly in recent years. It will grow from $27.29 billion in 2024 to $31.19 billion in 2025 at a compound annual growth rate (CAGR) of 14.3%. The growth observed during the historical period can be attributed to the rising adoption of wearable technology in healthcare, the increasing demand for remote patient monitoring solutions, the surge in chronic diseases necessitating continuous monitoring, escalating healthcare costs driving the shift to more cost-effective solutions, and the expansion of healthcare infrastructure.
The wireless medical devices market size is expected to see rapid growth in the next few years. It will grow to $52.56 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth In the forecast period is expected to be driven by a greater focus on personalized healthcare, increased government support for telemedicine, the growing use of smart implants for medical conditions, more partnerships between technology companies and healthcare providers, and the rising demand for mobile health apps that integrate with devices. Key trends for the forecast period include advancements in 5G technology enhancing data transmission, the development of multi-functional wearable devices, innovations in sensor technology, the use of blockchain for secure data sharing, and progress in non-invasive diagnostic devices.
The increasing adoption of telehealth is expected to drive the growth of the wireless medical devices market in the future. Telehealth refers to the use of digital communication tools, such as video calls, mobile apps, and remote monitoring technologies, to provide healthcare services and information remotely. The growing popularity of telehealth is mainly due to the rising demand for convenient healthcare access, allowing patients to consult with healthcare providers remotely without needing in-person visits. Wireless medical devices support telehealth by enabling real-time monitoring and data transmission, thus improving patient care, reducing hospital visits, and facilitating timely medical interventions. For example, in February 2023, a survey by Rock Health revealed that 80% of respondents had used telemedicine at some point, showing an 8-percentage point increase from 72% in 2021. As a result, the growing use of telehealth is contributing to the expansion of the wireless medical devices market.
Companies in the wireless medical devices market are focusing on developing innovative products, such as wireless handheld ultrasound devices, to improve point-of-care diagnostics and patient mobility. A wireless handheld ultrasound device is a portable imaging tool that transmits ultrasound images to smartphones, tablets, or computers in real-time. This technology enhances wireless medical devices by enabling remote diagnostics, offering greater mobility for healthcare providers, and supporting quicker decision-making in emergency and point-of-care environments. For instance, in August 2023, GE Healthcare Technologies Inc. launched the Vscan Air SL, a handheld wireless ultrasound system. This device features a dual-headed probe for both cardiac and vascular assessments, providing high-resolution imaging and facilitating rapid diagnosis and treatment at the point of care using SignalMax and XDclear technologies. It also supports mobile image viewing and workflow optimization through the Vscan Air app.
In September 2024, Getinge AB, a Swedish company specializing in medical technology, acquired Paragonix Technologies for approximately $477 million. This acquisition strengthens Getinge's position in the organ transplantation market by integrating Paragonix's advanced preservation devices, which enhance organ transport safety and efficiency through stable cooling and real-time monitoring. Additionally, the acquisition expands Getinge's portfolio in heart and lung support, digital technologies, and transplant services. Paragonix Technologies, based in the US, specializes in wireless medical devices for organ transplant preservation and transportation.
Major players in the wireless medical devices market are Abbott Laboratories, Medtronic Public Limited Company, Siemens Healthineers AG, Stryker Corporation, Koninklijke Philips N.V., GE HealthCare Technologies Inc., TE Connectivity Ltd., Omron Healthcare Inc., DexCom Inc., Masimo Corporation, iRhythm Technologies Inc., Digi International Inc., Lantronix Inc., Withings S.A.S., Silex Technology America Inc., AliveCor Inc., iHealth Labs Inc., Bridge-Tech Inc., Voler Systems Inc., Silicon & Software Systems Limited.
North America was the largest region in the wireless medical devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in wireless medical devices report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the wireless medical devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wireless medical devices market includes of revenues earned by entities by providing services such as remote patient monitoring, chronic disease management, and telehealth integration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The wireless medical devices market consists of sales of ingestible devices, smart contact lenses, and wireless sleep monitoring devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified.
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wireless Medical Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wireless medical devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wireless medical devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wireless medical devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.