The edge computing in healthcare global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Edge Computing In Healthcare Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The edge computing in healthcare market size has grown exponentially in recent years. It will grow from $3.81 billion in 2023 to $4.67 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to increase in telemedicine services, rising data privacy concerns, demand for real-time data processing, increase in wearable health devices, and development of 5G networks.
The edge computing in healthcare market size is expected to see exponential growth in the next few years. It will grow to $10.60 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to focus on disaster recovery and continuity planning, growth of wearable health technology, cost efficiency in healthcare, operations, regulatory push for data localization, and expansion of virtual healthcare services. Major trends in the forecast period include AI and machine learning integration, internet of medical things expansion, edge-to-cloud continuum, virtual and augmented reality applications, product innovation, and integration of technologies.
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Scope Of Edge Computing In Healthcare Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Edge Computing In Healthcare Market Overview
Market Drivers –
The expansion of telehealth services is expected to propel the growth of edge computing in the healthcare market going forward. Telehealth services refer to using digital information and communication technologies, such as computers, mobile devices, and wearables, to access and manage healthcare services remotely. The expansion of telehealth services is due to the demand for accessible, convenient, and efficient healthcare delivery. Edge computing in healthcare is required in telehealth services to ensure low-latency data processing and real-time analytics, enhancing the responsiveness and reliability of remote patient consultations and diagnostics. For instance, in October 2022, according to a report published by the Centers for Disease Control and Prevention, a US-based government agency, in 2021, approximately 37.0% of adults in the United States used telemedicine in the past 12 months, highlighting the growing reliance on remote healthcare services. Further, women (42.0%) were more likely to use telemedicine than men (31.7%). Therefore, the expansion of telehealth services is driving the growth of edge computing in the healthcare market.
Market Trends –
Major companies operating in the edge computing in healthcare market are developing innovative solutions, such as AI computing platform to enhance real-time data analysis and improve patient outcomes. An AI computing platform is a system that combines hardware and software to perform advanced artificial intelligence tasks, such as machine learning and data analysis, efficiently and effectively. For instance, in September 2022, Nvidia Corporation, a US-based technology company, launched the NVIDIA IGX platform for high-precision edge AI, bringing advanced security and proactive safety to sensitive industries such as manufacturing, logistics, and healthcare. The NVIDIA IGX platform is an industrial-grade edge AI computing platform for safe and secure autonomous systems in sensitive industries such as manufacturing, logistics, and healthcare. It is tailored to harness the advantages of AI in industrial automation and medical devices, fostering safer collaboration between humans and machines. It shines particularly in robotic-assisted surgery, patient monitoring, and advanced manufacturing environments.
The edge computing in healthcare market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Application: Telehealth And Remote Patient Monitoring, Diagnostics, Robotic Surgery, Ambulances, Other Applications
3) By End User: Hospitals And Clinics, Long-Term Care Centers And Home Care Settings, Ambulatory Care Centers, Other End-Users
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Regional Insights –
North America was the largest region in the edge computing in healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edge computing in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the edge computing in healthcare market are Google LLC, Samsung Electronics Co., Microsoft Corporation, Verizon Communications Inc., Dell Technologies Inc., Amazon Web Services (AWS) Inc., Lenovo Group Limited, General Electric Company, Intel Corporation, IBM Corporation, Cisco Systems Inc., Qualcomm Incorporated, Hewlett Packard Enterprise Company, Fujitsu Limited, NVIDIA Corporation, Nokia Corporation, Siemens Healthineers AG, Koninklijke Philips NV, VMware Inc., Advantech Co. Ltd., Aruba Networks Inc., ADLINK Technology Inc., Huawei Technologies Co. Ltd., Litmus Automation Inc., Veea Inc., FogHorn Systems Pvt Ltd.
Table of Contents
1. Executive Summary
2. Edge Computing In Healthcare Market Report Structure
3. Edge Computing In Healthcare Market Trends And Strategies
4. Edge Computing In Healthcare Market – Macro Economic Scenario
5. Edge Computing In Healthcare Market Size And Growth
…..
27. Edge Computing In Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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