Surge in 5G Implementation In Healthcare Expected to Hit $12.19 Billion By 2029
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What Does The Data Indicate About the 5G in Healthcare Market Size and Growth?
The 5G in healthcare market size has grown exponentially in recent years. It is projected to steadily increase from $1.03 billion in 2024 to $1.66 billion in 2025 at a compound annual growth rate (CAGR) of 61.5%. This growth in the historic period can be attributed to high-speed data transfer, low latency, and increased network capacity. Looking ahead, the 5G in healthcare market size is expected to see exponential growth in the next few years, with a rise to $12.19 billion in 2029 at a compound annual growth rate (CAGR) of 64.7%. This anticipated growth can be linked to increasing healthcare expenditure, chronic diseases, internet penetration, and an upsurge in smartphone usage.
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What Are the Significant Drivers of Growth in the 5G in Healthcare Market?
One significant driver propelling the market forward is the increasing adoption of telehealth. Telehealth refers to the use of digital information and communication technologies, such as computers and mobile devices, by patients or doctors to access healthcare services remotely and manage patients’ healthcare. Telehealth offers easy access to healthcare and medical specialists, improved communication, and coordination between healthcare professionals and patients, and support for self-management of healthcare.
Which Market Segments Were Covered in This Report?
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
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What Are the Major Companies Operating in the 5G in Healthcare Market?
Major companies operating in the 5G in healthcare market include 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., Siemens Healthineers AG, Telit Communications Ltd., BT Group plc, NTT Docomo Inc., Doximity Inc.
Are There Any Emerging Trends in the 5G in Healthcare Market?
Technological advancements include the use of the 5G network in healthcare to test and bring a new solution that can improve and transform patient care. Major companies operating in the 5G in the healthcare market are focused on developing innovative technologies to strengthen their market position.
Which Region is Dominating the 5G in Healthcare Market and What Does the Future Hold for This Market?
Asia-Pacific was the largest region in the 5G in healthcare market in 2024 and is 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.
What Does The 5G in Healthcare Market Report 2025 Offer?
5G in healthcare refers to the application of the fifth generation of broadband or cellular technology (i.e., 5G) designed to dramatically improve the speed and responsiveness of wireless networks for various healthcare uses. The 5G in Healthcare Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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