The Business Research Company’s report on the 5G in Healthcare Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the 5g in healthcare market’s growth in recent years?
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, in June 2024, according to the National Health Statistics Report published by the Centers for Disease Control and Prevention, a US-based federal agency, telemedicine usage rose with age, from 29.4% among adults aged 18–29 to 43.3% for those 65 and older in 2021, while in 2022, it was higher among adults aged 30 and older compared to younger adults.
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How does the future projection of the 5g in healthcare market size compare to its historical growth?
The 5G in healthcare market size has grown exponentially in recent years. It will grow from $1.03 billion in 2024 to $1.66 billion in 2025 at a compound annual growth rate (CAGR) of 61.5%. The growth in the historic period can be attributed to high-speed data transfer, low latency, increased network capacity.
The 5G in healthcare market size is expected to see exponential growth in the next few years. It will grow to $12.19 billion in 2029 at a compound annual growth rate (CAGR) of 64.7%. 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.
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Which key players are shaping the future of 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.
What trends will propel the growth and evolution of 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. For instance, in November 2023, The Infocomm Media Development Authority (IMDA), a Singapore-based Infocomm Media Development Authority, announced the collaboration with National University Health System (NUHS), a Singapore-based one of three public healthcare clusters; Republic Power Pte. Ltd., a Singapore-based e-commerce applications, IoT, analytics, and API management solution company; ST Engineering, a Singapore-based technology, defense, and engineering group; and DB Schenker, a Germany-based logistics service provider to deploy 5G-enabled unmanned medical booths known as “Medbots.” These innovative booths are designed to facilitate remote health screening and video consultations, significantly enhancing healthcare accessibility and efficiency. Furthermore, the Medbots are equipped with accredited medical devices that allow for comprehensive pre-screening of patients, enabling them to receive basic health checks without visiting a clinic.
Which regions are expected to become dominant players in the 5g in healthcare market?
Asia-Pacific was the largest region in the 5G in healthcare market in 2024, and it is also 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
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What are the emerging key segments in the 5g in healthcare market, and how are they evolving?
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
Subsegments:
1) By Data Transmission: Real-Time Data Streaming, Remote Data Access, Cloud-Based Data Storage,
2) By Wearable Devices: Fitness Trackers, Smartwatches, Health Monitoring Devices,
3) By Telediagnosis: Virtual Consultations, Remote Imaging Services, AI-based Diagnostic Tools,
4) By Telemonitoring: Remote Patient Monitoring Systems, Continuous Glucose Monitoring, Cardiac Monitoring Devices,
5) By Telerobotic Surgery: Surgical Robots, Robotic-Assisted Surgical Systems,
6) By Other Types: Mobile Health Applications, Augmented Reality (AR) For Training, Emergency Response Solutions.
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How is the 5g in healthcare market defined?
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.
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