The 5G in Healthcare Global Market Report 2023, provides comprehensive information on the 5G in healthcare market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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The Business Research Company’s 5G in Healthcare Global Market Report for 2023 provides a compelling insight into the dynamic landscape of the global 5G in healthcare market. This burgeoning market, valued at $0.4 billion in 2022, is poised for a remarkable expansion to $0.65 billion in 2023, driven by a robust compound annual growth rate (CAGR) of 61.9%.
Nonetheless, the backdrop of global events cannot be ignored. The Russia-Ukraine war, a significant disruptor, has cast a shadow over the prospects of global economic recovery post the COVID-19 pandemic, particularly in the short term. This geopolitical turmoil has triggered a domino effect, marked by economic sanctions on numerous countries, a notable uptick in commodity prices, and a disruption in supply chains, thus propagating inflation across a spectrum of goods and services, with far-reaching consequences for multiple global markets.
Despite these challenges, the 5G in healthcare market is resilient and poised for a bright future, with a projected market size of $4.78 billion by 2027, depicting a remarkable CAGR of 64.9%. This growth trajectory underscores the profound impact of 5G technology in the realm of healthcare. 5G promises to revolutionize the healthcare sector, empowering it to offer enhanced patient care, sophisticated diagnostics, and groundbreaking telemedicine solutions. This transformation will usher in an era of unprecedented technological advancement in healthcare delivery.
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The 5G in healthcare market is undergoing a significant transformation driven by technological advancements. These advancements harness the power of 5G networks to pioneer innovative solutions that promise to elevate and revolutionize patient care.
Key industry players are at the forefront of this technological revolution, with a sharp focus on developing cutting-edge solutions to bolster their market presence. A compelling example of this drive is the strategic partnership forged in February 2020 between Verizon, a prominent telecom company in the USA, and Emory Healthcare, a renowned healthcare system based in the same country. This collaboration is dedicated to conceiving and testing 5G Ultra Wideband-enabled use cases poised to reshape the healthcare landscape.
Verizon plays a pivotal role by delivering the 5G Ultra Wideband service to the Emory Healthcare Innovation Hub (EHIH), establishing it as the USA’s inaugural 5G healthcare innovation center. EHIH serves as a trailblazing platform for healthcare advancement and commercialization, with an unwavering commitment to enhancing the healthcare provider experience and, most importantly, elevating the quality of patient care. The convergence of 5G technology and healthcare innovation is set to be a game-changer, propelling the industry into a future marked by unprecedented possibilities.
The 5G in healthcare market 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
Asia-Pacific was the largest region in the 5G in healthcare market in 2022.
Top 5 Major Key Players Are:
AT&T
Verizon
Ericsson
T-Mobile
Cisco
Table Of Contents
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. 5G in Healthcare Market Size And Growth
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26. Africa 5G in Healthcare Market
27. 5G in Healthcare Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 5G in Healthcare Market
29. 5G in Healthcare Market Future Outlook and Potential Analysis
30. Appendix
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