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

Global 5G in healthcare market is estimated to be valued at USD 2.72 Bn in 2024, and is expected to exhibit a CAGR of 35.3% during the forecast period (2024-2031). The healthcare industry is undergoing rapid transformation due to technological innovations. 5G is expected to revolutionize the healthcare sector by enabling new care delivery models and improving access to quality care. 5G networks can support healthcare applications that were not previously possible with earlier generation networks by providing higher bandwidth, lower latency and being able to connect millions of devices simultaneously. Key applications of 5G in healthcare include connected ambulances and hospitals, remote patient monitoring, AR/VR assisted surgeries, real-time collaboration between doctors across geographical barriers and AI powered diagnostics. With its ability to transport high volumes of data instantaneously, 5G has the potential to transform the healthcare experience for patients and clinicians alike.

Market Dynamics:

Global 5G in healthcare market growth is driven by rising demand for connected healthcare devices and services. 5G is seen as the key enabler for digitalization of healthcare infrastructure. Increasing penetration of telehealth and remote patient monitoring is expected to drive the market growth as 5G can support advanced healthcare delivery models outside clinics. However, high infrastructure investment requirements to deploy 5G networks can hamper the market growth. The developments in areas such as AI, VR and edge computing are expanding the opportunities for 5G in new medical applications. Key market players are collaborating with telcos to develop customized 5G solutions for hospitals and healthcare providers.

Key Features of the Study:

• This report provides an in-depth analysis of the global 5G in healthcare market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global 5G in healthcare market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this includes Ericsson, Telit, Verizon, Cisco, Orange S.A., Tata Elxsi, NEC Corporation, AT&T Inc., Fibocom Wireless Inc., BT Group, Huawei Technologies Co., Ltd., and SK Telecom Co., Ltd., GE Healthcare
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global 5G in healthcare market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global 5G in healthcare market

Detailed Segmentation-

• By Component:
• • Hardware
  • Software
  • Services
• By Application:
• • Remote Patient Monitoring
  • Connected Medical Devices
  • Telemedicine
  • Others
• By End User:
• • Healthcare Providers
  • Healthcare Payers
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • Ericsson
  • Telit
  • Verizon
  • Cisco
  • Orange S.A.
  • Tata Elxsi
  • NEC Corporation
  • AT&T Inc.
  • Fibocom Wireless Inc.
  • BT Group
  • Huawei Technologies Co., Ltd.
  • SK Telecom Co., Ltd.
  • GE Healthcare