Report Scope & Overview:
5G in Healthcare Market Size was esteemed at USD 379.26 million out of 2022, and expected to arrive at USD 35557.05 Million by 2030, and develop at a CAGR of 76.4% over the projected period 2023-2030. 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.
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
.png)
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
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 379.26 Million |
| Market Size by 2030 | US$ 35557.05 Million |
| CAGR | CAGR of 76.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Report Scope & Overview: The Healthcare Fraud Analytics Market
Cell & Gene Therapy Manufacturing Services Market Size was valued at USD 16.92 billion in 2022 and is expected to reach USD 30.86 billion by 2030, and grow at a CAGR of 7.8% over the forecast period 2023-2030.
The Dry Age-Related Macular Degeneration Market Size was valued at USD 11.12 billion in 2022 and is expected to reach USD 20.92 billion by 2030, and grow at a CAGR of 8.22% over the forecast period 2023-2030.
Report Scope & Overview: Medical Device Connectivity Market
The Digital Clinical Trials Market was valued at USD 7.94 billion in 2022 and is expected to reach at USD 12.56 billion in 2030, and grow at a CAGR of 5.9% over the forecast period of 2023-2030.
The Downstream Processing Market Size was valued at USD 28.24 billion in 2022, and is expected to reach USD 80.01 billion by 2030, and grow at a CAGR of 13.9% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2023 All Rights Reserved by SNS Insider Pvt Ltd
