5G in healthcare refers to providing 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 main components of 5G in healthcare includes hardware, services, and connectivity. The 5G hardware refers to components such as 5G small cells or similar hardware to enable seamless and uninterrupted 5G connections in healthcare. They are used in operations of data transmission, wearable devices, telediagnosis, telemonitoring, telerobotic surgery, and others. They are used by healthcare providers, healthcare payers, and other end-users.
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The 5g in healthcare market size is expected to see exponential growth in the next few years. It will grow to $7.36 billion in 2028 at a compound annual growth rate (CAGR) of 63.0%. The growth in the forecast period can be attributed to increasing healthcare expenditure, increasing chronic diseases, increasing penetration of internet, growing users of smartphones. Major trends in the forecast period include ai and machine learning applications, iot expansion in healthcare, ar and vr for medical training, edge computing integration, telemedicine and remote monitoring advancements.The increasing adoption of telehealth is significantly driving the growth of the 5G in the healthcare market. Telehealth refers to the use of digital information and communication technologies such as computers and mobile devices (by patient or doctor) to access health care services remotely and manage patients’ health care. Telehealth offers various advantages such as easy access to healthcare and medical specialists, services with limited mobility, time or transportation options, improved communication and coordination between healthcare professionals and patients, and support for self-management of health care. Telehealth is one of the significant applications that make use of 5G technology for providing prompt healthcare services. For instance, according to the Ministry of Health and Family Welfare, Government of India, the government’s telemedicine service, eSanjeevani has surpassed 14 million teleconsultations in October 2021 from just 3 million consultations in March 2021. This rapid growth of telemedicine adoption needs high-speed connectivity that can be provided through 5G services. Hence, the increasing adoption of telehealth propels the 5G in the healthcare market growth.Get
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The 5g in healthcare market covered in this report is segmented –
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
Technological advancement is a key trend gaining popularity in the 5G in the 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. For instance, in November 2021, Enovacom, a France-based healthcare subsidiary of Orange announced the launch of the Enovacom Patient Link solution to speed up the digitalization of the patient journey. The solution is an application that some medical institutions use to improve the connection with their patients during administrative and medical processes. It centralizes and leverages healthcare data securely in a single application, making it easier for medical facilities to manage patient data.
The 5g in healthcare market report table of contents includes:
1. Executive Summary
2. 5G in Healthcare Market Characteristics
3. 5G in Healthcare Market Trends And Strategies
4. 5G in Healthcare Market – Macro Economic Scenario
5. Global 5G in Healthcare Market Size and Growth
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31. Global 5G in Healthcare Market Competitive Benchmarking
32. Global 5G in Healthcare Market Competitive Dashboard
33. Key Mergers And Acquisitions In The 5G in Healthcare Market
34. 5G in Healthcare Market Future Outlook and Potential Analysis
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