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5G in Healthcare Market

5G in Healthcare Market Size, Share & Segment by Component (Hardware, Connectivity, Services), By Application (Remote Patient Monitoring, AR/VR, Connected Medical Devices, Asset tracking for medical devices, Connected Ambulance), By End Users (Healthcare Providers, Healthcare Payers), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1744 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The 5G in Healthcare Market Size was esteemed at USD 215 million out of 2021, and expected to arrive at USD 11,426 million by 2028, and develop at a CAGR of 76.4% over the projected period 2022-2028. 5G represents a significant advancement in cellular technology and healthcare by enabling a new health ecosystem capable of correctly, efficiently, conveniently, cost-effectively, and on a large scale meeting the demands of patients and providers.

5G in Healthcare Market

The fifth era of versatile innovation is alluded to as 5G. There have been increases in transmission speed and network capacity with each generation's new technologies and standards. This vast network will contain billions of low bitrates, low-energy connected health monitoring devices, clinical wearables, and remote sensors, with 5G serving as the backbone infrastructure for the Internet of Things.

MARKET DYNAMICS

DRIVERS

  • COVID-19 has resulted in a rise in the use of telemedicine and robotic surgery.

  • Wearable medical gadgets with 5G connectivity are becoming more common, allowing for real-time remote patient monitoring.

  • 5G technology's ability to send massive volumes of patient data swiftly

  • Telecommunications have progressed.

  • Low-cost sensors are available.

RESTRAINTS

  • The cost of deploying a 5G network is extremely high.

OPPORTUNITIES

  • AI's Importance in 5G Health

  • High resiliency and low latency are two of the most important factors to consider. A new wave of healthcare apps will benefit from 5G networks.

CHALLENGES

  • Spectrum harmonisation is taking longer than expected in different parts of the world.

  • Concerns about data breaches and security

IMPACT OF COVID-19

COVID-19's spread has wreaked havoc on the healthcare system, and public health measures have made it more difficult for patients to access care. People all around the world have been affected by the pandemic, which has forced the closure of operational facilities all over the world. During the lockdown, the medical care industry is managing a few surprising circumstances.

Healthcare facilities are experiencing delays in the provision of regular health services due to the rapid development of new COVID-19 patients. Healthcare providers can now offer improved healthcare services to tackle post-COVID circumstances thanks to 5G technology. Smart healthcare systems can now interact with each other more consistently thanks to 5G solutions, opening up new methods to detect and react to health emergencies.

The global 5G in healthcare market is fueled by advancements in cutting-edge technologies including the Internet of Things (IoT), Artificial Intelligence (AI), big data, 5G Communications, cloud computing, and blockchain. Healthcare services should focus on tailored responses to COVID-19 symptoms, while also improving systems, removing potential transmission vectors, and protecting people. Patients and doctors will benefit greatly from 5G in healthcare because it will provide them with a wealth of information and possibilities, as well as considerable convenience.

By Component

The market for 5G in healthcare is divided into three categories: hardware, services, and connectivity. In 2021, the hardware category held the greatest proportion of the 5G in healthcare market. The requirement for periodic upgradation or replacement to make maximum use of the latest software available in the market is primarily responsible for this segment's huge share.

By Application

Remote patient monitoring, linked ambulance, asset tracking for medical devices, connected medical devices, and AR/VR are all segments of the 5G in healthcare industry. In 2020, the sector of linked medical devices held the highest proportion of the 5G in healthcare market. The rise of the telehealth industry, as well as the growing preference for home healthcare, can be linked to this segment's high share. The high prevalence of COVID-19, rising healthcare expenditures, strong government backing and efforts, and a growing focus on patient safety and quality of treatment are all pushing the industry for associated clinical gadgets in the 5G in medical services market.

By End Users

Healthcare providers, payers, and other end users are the three segments of the 5G in healthcare industry. In 2021, the healthcare providers segment had the greatest proportion of the 5G market in healthcare. The growing need for an efficient healthcare system, increasing number of hospitals, growing patient volume and ambulatory care centers, growth in telehealth, rising adoption of 5G-enabled wearable medical devices, and the rising demand for better technologies that help with the easy transfer of large data files are all factors that have contributed to this segment's large share.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: AT&T Inc., BT Group, Ericsson, Orange S.A., Cisco Systems, Inc., Telus Communications Inc., Telit, T‑Mobile USA, Inc., Telefónica, S.A., SAMSUNG, Verizon, and other players.

MARKET SEGMENTATION:

By Component

  • Hardware

  • Connectivity

  • Services

By Application

  • Remote Patient Monitoring

  • AR/VR

  • Connected Medical Devices

  • Asset tracking for medical devices

  • Connected Ambulance

By End Users

  • Healthcare Providers

  • Healthcare Payers

5G in Healthcare Market

REGIONAL ANALYSIS

North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa are the five primary regions that make up the worldwide 5G in healthcare industry. Asia Pacific will hold the highest share of the global market. In the 5G in healthcare industry, APAC is the largest and fastest-growing region. This expansion can be ascribed to widespread acceptance of advanced technologies, an increase in the number of IoT-enabled medical equipment, ongoing network connectivity improvements, and government IoT efforts.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

5G in Healthcare Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 215 Million
Market Size by 2028 US$ 11426 Million
CAGR CAGR of 76.4% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (Hardware, Connectivity, Services)
• By Application (Remote Patient Monitoring, AR/VR, Connected Medical Devices, Asset tracking for medical devices, Connected Ambulance)
• By End Users (Healthcare Providers, Healthcare Payers)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles AT&T Inc., BT Group, Ericsson, Orange S.A., Cisco Systems, Inc., Telus Communications Inc., Telit, T‑Mobile USA, Inc., Telefónica, S.A., SAMSUNG, Verizon, and other players.
DRIVERS • COVID-19 has resulted in a rise in the use of telemedicine and robotic surgery.
• Wearable medical gadgets with 5G connectivity are becoming more common, allowing for real-time remote patient monitoring.
• 5G technology's ability to send massive volumes of patient data swiftly
RESTRAINTS • The cost of deploying a 5G network is extremely high.


Frequently Asked Questions (FAQ) :

5G in Healthcare Market Size was esteemed at USD 215 million out of 2021.

The hardware category held the greatest proportion of the 5G in healthcare market.

Asia Pacific will hold the highest share of the global market.

Telecommunications have progressed, Low-cost sensors are available. are strict, are the drivers of Laboratory Informatics market.

AI's Importance in 5G Health, High resiliency and low latency are two of the most important factors to consider. A new wave of healthcare apps will benefit from 5G networks. are the opportunities of 5G in healthcare market.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. 5G in Healthcare Market Segmentation, By Component

8.1 Hardware

8.2 Connectivity

8.3 Services

 

9. 5G in Healthcare Market Segmentation, By Application

9.1 Remote Patient Monitoring

9.2 AR/VR

9.3 Connected Medical Devices

9.4 Asset tracking for medical devices

9.5 Connected Ambulance

 

10. 5G in Healthcare Market Segmentation, By End Users

10.1 Healthcare Providers

10.2 Healthcare Payers

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

 

12 Company Profiles

12.1 AT&T Inc.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 BT Group

12.3 Ericsson, Orange S.A.

12.4 Cisco Systems, Inc.

12.5 Telus Communications Inc.

12.6 Telit

12.7 T‑Mobile USA, Inc.

12.8 Telefónica

12.9 S.A.

12.10 SAMSUNG

12.11Verizon

 

13 Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14 Conclusion

 

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Secondary Research

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