5G IN HEALTHCARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America remains the dominant region in the global 5G in healthcare market and is estimated to hold 36.2% of the market share in 2024 due to strong industry presence of leading 5G infrastructure providers and healthcare IT companies. This has enabled North America to develop reliable 5G networks across major hospitals and clinics at a faster pace as compared to other regions. The large healthcare expenditures and supportive regulatory environment provide opportunities for 5G services adoption. Several pilot projects showcased by players like Verizon prove the potential of 5G in improving surgical outcomes, enabling remote surgeries, and powering new health applications.

The Asia Pacific region is poised to be the fastest growing market for 5G in healthcare globally over the next five years. Factors such as rising medical tourism, increasing chronic disease burden, and growing focus on connected healthcare boosts demand. Countries like South Korea, Japan, and China actively promote 5G infrastructure rolling out over the last few years. This positions them well to experiment with healthcare use cases. For example, telemedicine services in South Korea now supplement doctor consultations. Improved connectivity empowers remote patient monitoring across islands in Japan while reducing costs. 5G pilot projects in tier 1 Chinese hospitals are optimizing workflows and powering AR/VR medical training tools. With favorable policies, Asia Pacific's 5G in healthcare market holds immense untapped growth opportunities for players worldwide.