5G in Healthcare Market

According to this latest publication from Meticulous Research®, the 5G in healthcare market is projected to reach $166.1 billion by 2030, at a CAGR of 29.5% during the forecast period. The growth of this market is attributed to factors such as the advancements in telecommunication, the increased patient data transmission rate offered by 5G technology, the increasing adoption of telehealth and nursing robots after the COVID-19 outbreak, the availability of low-cost sensors, and the increasing adoption of 5G-enabled medical devices for patient monitoring.

 

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The fifth generation of cellular wireless technology has the potential to revolutionize healthcare with its high-speed connectivity. 5G technology is driving innovations in healthcare via mixed/augmented/virtual reality, remote medical learning, and artificial intelligence.

The healthcare domain is time sensitive and critical in nature thus, requires continuous access to real-time data and advanced medical technologies. The implementation of 5G technology in healthcare enables effective & improved communications and quick & efficient transmission of vast amounts of data to assist in the treatment of life-threatening diseases. The high computing and low latency capabilities of 5G can accelerate and enhance the rate of therapy and diagnosis exponentially.

5G connectivity offers remote patient monitoring at a large scale due to its high security and service reliability, increased connections per square kilometre, and high mobility. It also provides a more flexible approach, supporting telehealth with a smartphone or tablet. Additionally, the implementation of 5G in telehealth further enables the fundamental democratization of healthcare. Patients are not restricted by location and can access top medical specialists or professionals despite residing in another country.

 

5G in Healthcare by Application-

Healthcare Management SoftwareRemote HealthcareRemote Patient MonitoringVirtual ConsultationsVideo-enabled Prescription ManagementAugmented Reality (AR)/Virtual Reality (VR)Asset Tracking for Medical DevicesConnected Medical Devices

The 5G in healthcare market is segmented based on Component (Hardware, Services [Professional Services, Managed Services], Connectivity), Application (Healthcare Management Software, Remote Healthcare [Remote Patient Monitoring, Virtual Consultations, Video-Enabled Prescription Management], Augmented Reality/Virtual Reality, Asset Tracking for Medical Devices, Connected Medical Devices, Other Applications), End User (Healthcare Providers, Healthcare Payers, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Scope of the Report:

5G in Healthcare Market, by Component

HardwareServicesProfessional ServicesManaged ServicesConnectivity

5G in Healthcare Market, by Application

Healthcare Management SoftwareRemote HealthcareRemote Patient MonitoringVirtual ConsultationsVideo-enabled Prescription ManagementAugmented Reality (AR)/Virtual Reality (VR)Asset Tracking for Medical DevicesConnected Medical DevicesOther Applications
(Note: Other applications include smart wearables, connected ambulances, and medical/nursing telerobotics.)

5G in Healthcare Market, by End User

Healthcare ProvidersHealthcare PayersOther End Users
(Note: Other end users include pharmaceutical, educational, and research organizations.)

5G in Healthcare Market, by Geography

North AmericaU.S.CanadaEuropeGermanyU.K.FranceItalySpainRest of Europe (RoE)Asia-Pacific (APAC)ChinaJapanIndiaRest of APAC (RoAPAC)Latin AmericaBrazilMexicoRest of Latin AmericaMiddle East & Africa

 

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