The 5G in healthcare market is valued at an estimated USD 215 million in 2021 and is projected to reach USD 3,667 million by 2026, at a CAGR of 76.3% during the forecast period. The increasing adoption of telehealth and robotics surgery due to COVID-19 and the rising adoption of 5G-enabled wearable medical devices for real-time remote patient monitoring are key factors driving the growth of this market.
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The ability of 5G technology to transmit large patient data files quickly, advancements in telecommunication, and the availability of low-cost sensors are other major factors that are driving the growth of this market. However, the high cost of deployment of the 5G network is expected to restrain the growth of this market.
The prominent players in the 5G in healthcare market are AT&T (US), Verizon (US), China Mobile Limited (China), Qualcomm (US), T-Mobile (US), Ericsson (Sweden), Telit (Poland), Telus (Canada), Vodafone (UK), Nokia (Finland), Samsung (South Korea), Deutsche Telekom AG (Germany), Orange S.A. (France), SK Telecom Co., Ltd. (South Korea), BT Group (UK), NTT DOCOMO (UK), NEC Corporation (Japan), Telefónica (Spain), Airtel (India), Huawei Technologies Co., Ltd. (China), and Cisco (US).
AT&T
AT&T is the leading player in the 5G healthcare market. AT&T provides its global SIM-enabled connectivity in more than 200 countries and across 500 carriers, which would provide fast and highly secure equipment connectivity to enterprises and help them deploy more devices using IoT and M2M technologies.
VERIZON
Verizon is the second-leading player in this market. It has developed an innovative product portfolio that is being upgraded to 5G. The company has seen an upsurge in the number of subscriptions, much more than the previous year. It offers reliable and secure network connectivity to its customers so that they can support their employees and for business continuity.
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Recent Developments
· Rush University Medical Center partnered with AT&T (US) to bring the latest mobile communications technology to clinical care based on 5G to improve communications, data processing needs, and the patient experience.
· Ooredoo (Qatar) worked with Ericsson (Sweden) to leverage 5G technology in ambulances to allow doctors to treat patients remotely by controlling a special haptic glove worn by the paramedic on the scene.
· Emory Healthcare partnered with Verizon (US). Emory Healthcare is using Verizon’s 5G Ultra-Wideband to enhance augmented reality and virtual reality (AR/VR) applications for medical training, telemedicine, and remote monitoring, in addition to diagnostic and imaging systems from ambulances to ER.
· China Telecom (China), ZTE (China), and West China hospital are facilitating the remote diagnosis of coronavirus via 5G.
· ZTE (China), along with Huawei (China), built 5G demo sites for remote consultation and outpatient & image diagnosis.
Frequently Asked Questions (FAQ):
· Which type of component is leading the by type of component segment?
· Which is the leading application segment for 5G in healthcare market?
· Which is the leading type of end user segment of 5G in healthcare market?
· Who are the key players operating in the 5G in healthcare market?
· Which geographical region is dominating in 5G in healthcare market?
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