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.
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.
The cost of deploying a 5G network is extremely high.
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.
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.
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.
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.
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.
Remote Patient Monitoring
Connected Medical Devices
Asset tracking for medical devices
By End Users
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|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|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 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
9. 5G in Healthcare Market Segmentation, By Application
9.1 Remote Patient Monitoring
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
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12 Company Profiles
12.1 AT&T Inc.
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.
12.7 T‑Mobile USA, Inc.
13 Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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