The 5g in healthcare market size is expected to see exponential growth in the next few years. It will grow to $7.36 billion in 2028 at a compound annual growth rate (CAGR) of 63.0%. The growth in the forecast period can be attributed to increasing healthcare expenditure, increasing chronic diseases, increasing penetration of internet, growing users of smartphones. Major trends in the forecast period include ai and machine learning applications, iot expansion in healthcare, ar and vr for medical training, edge computing integration, telemedicine and remote monitoring advancements.
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Segmentation & Regional Insights
The 5g in healthcare market covered in this report is segmented –
1) By Component: Hardware, Services, Connectivity
2) By Type: Data Transmission, Wearable Devices, Telediagnosis, Telemonitoring, Telerobotic Surgery, Other Types
3) By End Users: Healthcare Providers, Healthcare Payers, Other End Users
Asia-Pacific was the largest region in the 5G in healthcare market in 2023, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the 5g in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing adoption of telehealth is significantly driving the growth of the 5G in the healthcare market. Telehealth refers to the use of digital information and communication technologies such as computers and mobile devices (by patient or doctor) to access health care services remotely and manage patients’ health care. Telehealth offers various advantages such as easy access to healthcare and medical specialists, services with limited mobility, time or transportation options, improved communication and coordination between healthcare professionals and patients, and support for self-management of health care. Telehealth is one of the significant applications that make use of 5G technology for providing prompt healthcare services. For instance, according to the Ministry of Health and Family Welfare, Government of India, the government’s telemedicine service, eSanjeevani has surpassed 14 million teleconsultations in October 2021 from just 3 million consultations in March 2021. This rapid growth of telemedicine adoption needs high-speed connectivity that can be provided through 5G services. Hence, the increasing adoption of telehealth propels the 5G in the healthcare market growth.
Key Industry Players
Major companies operating in the 5g in healthcare market report are AT&T Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, T‑Mobile USA Inc., Cisco Systems Inc., NEC Corporation, SK Telecom Co. Ltd., Fibocom Wireless Inc., Qualcomm Incorporated, Nokia Corporation, Huawei Technologies Co. Ltd., China Mobile Limited, Telus Corporation, Vodafone Group plc, Deutsche Telekom AG, Telefónica S. A., Bharti Airtel Limited, Sierra Wireless Inc., Swisscom AG, Quectel Wireless Solutions Co. Ltd., Sequans Communications, Koninklijke Philips N. V., Samsung Electronics Co. Ltd., HTC Corporation, Sony Corporation, Siemens Healthineers AG, Telit Communications Ltd., BT Group plc, NTT Docomo Inc., Doximity Inc.
The 5g in healthcare market report table of contents includes:
1. Executive Summary
2. 5G in Healthcare Market Characteristics
3. 5G in Healthcare Market Trends And Strategies
4. 5G in Healthcare Market – Macro Economic Scenario
5. Global 5G in Healthcare Market Size and Growth
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31. Global 5G in Healthcare Market Competitive Benchmarking
32. Global 5G in Healthcare Market Competitive Dashboard
33. Key Mergers And Acquisitions In The 5G in Healthcare Market
34. 5G in Healthcare Market Future Outlook and Potential Analysis
35. Appendix
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