5G in Healthcare Market: Global Industry Overview and Forecast (2024-2030) Trends, Dynamics, Segmentation by Component, Application, End User and Region

  • 5G in Healthcare Market size was valued at US$ 1178.12 Mn. in 2023 and the total revenue is expected to grow at 76.3% through 2024 to 2030, reaching nearly US$ 62367.37 Mn. by 2030.

  • Format : PDF | Report ID : SMR_517

5G in Healthcare Market Overview:

The healthcare industry produces vast amounts of data. Hundreds of gigabytes of data can be generated daily, from patient medical records to large image files created by MRI, CAT, or PET scans. When network bandwidth is low, the transfer of such large files takes a long time or inefficient transmission resulting in long delays in patient treatment. Adding a high-speed 5G network to existing facilities can help quickly and reliably move large data images of medical images, improving access to care and quality of care. Therefore, the increasing adoption of 5G networks in healthcare systems will boost 5G in Healthcare market growth during the forecast period.

 

5G in Healthcare Market report examines the market's growth drivers and segments (Component, Application, End-User, and Region). Data has been provided by market participants and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements occurring across all industry sectors. To provide key data analysis for the historical period (2017-2020), statistics, infographics, and presentations are used. The report examines the 5G in Healthcare markets, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes 5G in Healthcare investor recommendations based on a detailed analysis of the current competitive landscape of the 5G in Healthcare market.

 

5G in Healthcare Market

 

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COVID-19 pandemic on the 5G in Healthcare Market:

Coronavirus is now a threat to humanity and the global economy. Measures such as the closure and demolition of the community were used to reduce its spread, which had a profound effect on the social and economic life of many countries. To combat infection, the healthcare industry has taken great efforts to transform its existing infrastructure, considering all aspects of COVID-19. The ongoing crisis has accelerated the transition to the digital transformation of health care systems with a strong focus on adopting remote care / tele-health services, thermal imaging solutions, preventing future health problems, and the use of new technologies. Impact of COVID-19 on 5G in Healthcare Market are covered in the report.

 

5G in Healthcare Market Dynamics:

ICT and medical expertise have been robust for improving patient care for many years. Remote diagnostics and robot-assisted surgery are commonly used worldwide, and the faster ICT advances mean that more significant opportunities for these techniques are possible. Several countries have demonstrated growing support for telemedicine and telehealth and are launching national telehealth coverage, defined reimbursement policies, and a formal framework for telehealth procedures. Hospitals and doctor's offices become exposure places for patients who need urgent care. As a result, telemedicine became a practical option for patients needing care. With the high level of physical care, coupled with the presence of 5G and its critical capabilities, health care delivery will change to better standards. In the aftermath of the coronavirus epidemic, 5G Enhanced Mobile Broadband (eMBB) technology will enable remote support for advanced health care while minimizing patient exposure to infection by reducing personal visits to the doctor or health facilities. For patients who cannot easily walk to their healthcare providers, 5G will allow the provider to visit them through telepresence systems.

 

Laser-assisted laser surgery is another area that could benefit from that development. With the help of machines, doctors can now perform complex procedures with greater precision and flexibility and reduce the risk of surgery. This is possible with 5G technology, which has helped in software development and seamless data transfer.

 

The introduction of 5G in the healthcare market gives us a vision for the future of health care, making medical and surgical technologies more widely available and eliminating local barriers. The benefits offered by 5G also add to the increasing acceptance of telehealth solutions.

 

5G in Healthcare Market Segment Analysis:

Based on components: The 5G healthcare market is divided into hardware, services, and communications. The hardware component held the largest share of xx% in 5G in the healthcare market by 2021.

 

Based on End-user, 5G in Healthcare Market is segmented into Healthcare Providers and Healthcare Payers. Healthcare Providers: The opportunity for 5G in healthcare market providers is called remote services. While video demonstration of surgical techniques and streaming functionality over fast 5G networks is already in operation, real success will come with the advent of 'affected internet.' Powered by the ultra-low latency of 5G, the affected internet can work. The doctor performs the procedure on a patient in a different area. The surgeon's movement in one place will be replicated in an instant computer program elsewhere, a new phenomenon that may significantly benefit patients in rural areas or in smaller regions, where surgeons who specialize in complex procedures may not be readily available.

                                                                     

Healthcare Payers: Payers have significant incentives to keep their clients healthy and obtain early medical emergencies so that they can be treated before the situation requires more expensive and expensive testing and treatment. Increasing the use of wearable devices, for example, more people with diabetes or patients at risk of heart disease, can save lives, improve many people's lives, and reduce high-paying costs. As the price of setting up a 5G connection decreases, it will be possible for health systems to provide monitoring tools to every policymaker whose health effects (and costs) can be improved by these devices 5G can enable advanced technologies shown to be improved. Outcomes and lower costs associated with individual cases. One image: augmented reality (AR), virtual reality (VR), AI, and robotic devices connected to an extensive database and nerves can aid in complex operations by giving surgeons a seemingly unfamiliar appearance and recommending the latest procedures-based procedures collected Medical knowledge.

 

5G in Healthcare Market

 

Based on Application, 5G in Healthcare Market is segmented into Internet of Medical Things, Wearable Equipment, Telemedicine, Natural language Processing (NLP), Connected Medical Devices, Remote Patient Monitoring, AR/VR, Asset tracking for medical devices, and Connected Ambulance.

 

Internet of Medical Things: IoMT is the backbone of patient monitoring in the 5G healthcare market. IoMT remote patient monitoring empowers patients and health care providers to work together to find an effective and fast tracker for chronic diseases managers. This adds an extra dimension to the care provided to elderly patients who need regular monitoring or urgent attention. There is growing popularity in using IoMT-driven healthcare devices such as wearable medical devices that allow patient data to be processed, monitored, and transmitted through cloud-based platforms.

 

The wearable equipment is used to monitor the patient's life parameters remotely. During the COVID19 violence, clothing items have become an integral part of the health care system.

The wearable devices and sensors provide a wealth of data and details that help physicians improve treatment methods and understanding of the physical behavior of patients. This will help to compare the effect of clinical treatment and remote monitoring conditions. Pharmaceutical companies include the use of wearables in their clinical trials of an improved drug discovery cycle.

 

Telemedicine: Telemedicine is a clinical service that allows patients to consult a physician or health care professional using remote communication technology. It may be as simple as telephone consultation, but it has become increasingly technologically advanced. Telemedicine is a suitable, beneficial method, such as in the COVID-19 epidemic when a general practitioner visit or general treatment in a hospital or clinic is not an option.

 

Natural language Processing (NLP): It is a form of practical wisdom that analyzes spoken and written language. With the growing use of EHRs and the amount of information stored internally, is critical to specify data on the information that health care providers can use.

 

5G in Healthcare Market Regional Insights:

The global 5G healthcare market is divided into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, Asia Pacific held the most significant share of 33.8% in the global 5G in Healthcare market. This trend can be attributed to the increase in the number of medical devices in the region powered by the Internet of Things or IoT, the proliferation of government programs that strengthen IoT adoption, the rapid adoption of various new and advanced technologies, and ongoing efforts to improve mobile. Network connection by regional mobile service providers. Growing demand from countries such as Japan and China is expected to spur growth in the APAC 5G healthcare market.

 

The objective of this report is to present an in-depth analysis of the 5G in Healthcare Market to industry stakeholders. The report provides the recent trends in the 5G in Healthcare Market and how these factors will impact on new business investment and market enhancement during the forecast period. The report also provides an understanding of the potential of the 5G in Healthcare Market and the competitive structure of the market by analyzing market leaders, market fans, and regional players.

 

The quality and quantity data provided in the 5G in Healthcare Market report assist the readers to understand which market components, regions are expected to grow in value, market factors, and key opportunity areas, which will impact industry growth and predictable market growth with respect to time. The report includes the competitive status of key competitors in the industry and their recent developments in the 5G in Healthcare Market. The report also provides a comprehensive set of factors such as company size, market share, market growth, revenue, production capacity, and profits of key players in the 5G in Healthcare Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the 5G in Healthcare Market is easy for a new player to gain an edge in the market, do they come and go in the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political factors that help in analyzing how much a government can impact the Market. Economic variables assist in the calculating economic performance drivers that can affect the Market. Analyzing the impact of the overall environment and the impact of environmental concerns on the 5G in Healthcare Market is aided by legal factors.

 

5G in Healthcare Market Scope:

 

5G in Healthcare Market 

Market Size in 2023

USD 1178.12 Mn.

Market Size in 2030

USD 62367.37 Mn.

CAGR (2024-2030)

76.3%

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

Segment Scope

By Component

  • Hardware
  • Services
  • Communication

By End User

  • Healthcare provider
  • Healthcare payer

By Application

  • IoMT
  • Wearable equipment
  • Telemedicine
  • NPL
  • Connected Medical Devices
  • Remote Patient Monitoring
  • AR/VR
  • Asset tracking for medical devices
  • Connected Ambulance

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

5G in Healthcare Market Key Players

  • AT&T (US)

  • Verizon (US

  • China Mobile Limited (China)

  • Qualcomm (US)

  • T-Mobile (US)

  • Ericsson (Sweden)

  • Vodafone (UK)

  • Nokia (Finland)

  • Samsung (South Korea)

  • Deutsche Telekom AG (Germany)

  • NEC Corporation (Japan)

  • Telefónica (Spain)

  •  Airtel (India)

  • Huawei Technologies Co., Ltd. (China)

  • Cisco (US). 


Frequently Asked Questions

Segments that are covered in 5G in Healthcare market are; components, end-user, application and region.

  1. Scope of the Report
  2. Research Methodology
    1. Research Process
    2. Global 5G in Healthcare Market: Target Audience
    3. Global 5G in Healthcare Market: Primary Research (As per Client Requirement)
    4. Global 5G in Healthcare Market: Secondary Research
  3. Executive Summary
  4. Competitive Landscape
    1. Market Share Analysis by Region in 2022(%)
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East and Africa
      5. South America
    2. Stellar Competition matrix
      1. Global Stellar Competition Matrix
      2. North America Stellar Competition Matrix
      3. Europe Stellar Competition Matrix
      4. Asia Pacific Stellar Competition Matrix
      5. South America Stellar Competition Matrix
      6. Middle East and Africa Stellar Competition Matrix
    3. Key Players Benchmarking: - by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
    4. Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
    5. Market Dynamics
      1. Market Drivers
      2. Market Restraints
      3. Market Opportunities
      4. Market Challenges
      5. PESTLE Analysis
      6. PORTERS Five Force Analysis
      7. Value Chain Analysis
  5. Global 5G in Healthcare Market Segmentation
    1. Global 5G in Healthcare Market, by region (2023-2030)
      1. North America
      2. Europe
      3. Asia-Pacific
      4. Middle East & Africa
      5. South America
    2. Global 5G in Healthcare Market, by Component (2023-2030)
      1. Hardware
      2. Services
      3. Communication
    3. Global 5G in Healthcare Market, by Application (2023-2030)
      1. IoMT
      2. Wearable Equipment
      3. Telemedicine
      4. NPL
      5. Connected Medical Devices
      6. Remote Patient Monitoring
      7. AR/VR
      8. Asset tracking for medical devices
      9. Connected Ambulance
    4. Global 5G in Healthcare Market, by End-User (2023-2030)
      1. Healthcare providers
      2. Healthcare payers
  6. North America 5G in Healthcare Market Segmentation
    1. North America 5G in Healthcare Market, by Component (2023-2030)
      1. Hardware
      2. Services
      3. Communication
    2. North America 5G in Healthcare Market, by Application (2023-2030)
      1. IoMT
      2. Wearable Equipment
      3. Telemedicine
      4. NPL
      5. Connected Medical Devices
      6. Remote Patient Monitoring
      7. AR/VR
      8. Asset tracking for medical devices
      9. Connected Ambulance
    3. North America 5G in Healthcare Market, by End-User (2023-2030)
      1. Healthcare providers
      2. Healthcare payers
    4. North America 5G in Healthcare Market, by Country (2023-2030)
      1. United States
      2. Canada
      3. Mexico
  7. Europe 5G in Healthcare Market Segmentation
    1. Europe 5G in Healthcare Market, by Component (2023-2030)
    2. Europe 5G in Healthcare Market, by Application (2023-2030)
    3. Europe 5G in Healthcare Market, by End-User (2023-2030)
    4. Europe 5G in Healthcare Market, by Country (2023-2030)
  8. Asia Pacific 5G in Healthcare Market Segmentation
    1. Asia Pacific 5G in Healthcare Market, by Component (2023-2030)
    2. Asia Pacific 5G in Healthcare Market, by Application (2023-2030)
    3. Asia Pacific 5G in Healthcare Market, by End-User (2023-2030)
    4. Asia Pacific 5G in Healthcare Market, by Country (2023-2030)
  9. Middle East and Africa 5G in Healthcare Market Segmentation
    1. Middle East and Africa 5G in Healthcare Market, by Component (2023-2030)
    2. Middle East and Africa 5G in Healthcare Market, by Application (2023-2030)
    3. Middle East and Africa 5G in Healthcare Market, by End-User (2023-2030)
    4. Middle East and Africa 5G in Healthcare Market, by Country (2023-2030)
  10. South America 5G in Healthcare Market Segmentation
    1. South America 5G in Healthcare Market, by Component (2023-2030)
    2. South America 5G in Healthcare Market, by Application (2023-2030)
    3. South America 5G in Healthcare Market, by End-Use (2023-2030)
    4. South America 5G in Healthcare Market, by Country (2023-2030)
  11. Company Profiles
    1. Key Players
      1. AT&T
        1. Company Overview
        2. Product Portfolio
        3. Financial Overview
        4. Business Strategy
        5. Key Developments
      2. Verizon
      3. China Mobile Limited
      4. Qualcomm
      5. T-Mobile
      6. Ericsson
      7. Vodafone
      8. Nokia
      9. Samsung
      10. Deutsche Telekom AG
      11. NEC Corporation
      12. Telefónica
      13. Airtel
      14. Huawei Technologies Co., Ltd.
      15. Cisco
  12. Key Findings
  13. Recommendations

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