According to SPER Market Research, the 5G in healthcare market estimated to reach USD 3.9 Bn by 2030 with a CAGR of 69.8%.
Global burden of chronic disorders and infectious diseases is rising. With the rise in the number of patients, more advanced technologies are required to make healthcare accessible to all. 5G in healthcare creates many opportunities for the healthcare to evolve with the changing scenario of the global burden.
5G in healthcare can be used to provide fast connectivity for virtual platforms of healthcare services and enable real-time data exchange. Robotic technology and AI assisted solutions also need 5G for faster connectivity and function effectively.
During the pandemic, many restrictions have been imposed to contain the virus, which leads to a large pool of unattended patients. 5G services play a critical role in providing telehealth facilities to the patients and giving access to latest information.
The growth of 5G in healthcare is also influenced by rising adoption of robotics assisted solutions, wearable & App remote monitoring solutions, government initiatives and availability of low-cost sensors. Rise in AI assisted healthcare solutions reduce hospitalizations, improve diagnosis and enhance personalized treatment. This provides the growth opportunities to this market as it requires 5G connection to function efficiently.
Hardware segment held largest share of 5G in healthcare market. The large share of this segment can be ascribed by frequent upgradations of replacements required in hardware to use latest software. Asia Pacific accounted for the largest regional market. The large share of Asia Pacific can be attributed to rising adoption of 5G, rapidly evolving network connectivity, increasing installation of IoT enabled medical devices and government policies to increase implementation of 5G in healthcare.
The global 5G in Healthcare market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Airtel, AT&T, BT Group, China Mobile Limited, Cisco, Deutsche Telekom AG, Ericsson, Fibocom Wireless Inc., Huawei Technologies Co., Ltd., NEC Corporation, Nokia, NTT DOCOMO, Orange S.A., Qualcomm, Quectel, Samsung, Sequans, Sierra Wireless, SK Telecom Co., Ltd., Swisscom, Telefónica, Telit, Telus, T-Mobile, Verizon, Vodafone.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for Component Segment-Hardware, Services, Connectivity; Application Segment-Connected Medical Devices, Remote Patient Monitoring, AR/VR, Asset tracking for medical devices, connected ambulance; End User-Healthcare Providers, Healthcare Payers, Other End Users. This report also provides the data for key regional segments of North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
This study also encompasses various drivers and restraining factors for this market for the forecast period. Various growth opportunities are also discussed in the report.