Global 5G Infrastructure in healthcare Market

Global 5G Infrastructure In Healthcare Market Size, Share, Growth Analysis, By Component(Hardware, Connectivity), By Application(Remote Patient Monitoring, Connected Medical Devices), By End-User(Healthcare Providers, Payers) - Industry Forecast 2023-2030


Report ID: SQMIG35G2104 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 91 | Figures: 76

Global 5G Infrastructure In Healthcare Market Insights

5G Infrastructure In Healthcare Market size was valued at USD 20.72 billion in 2021 and is poised to grow from USD 48.25 billion in 2022 to USD 459.71 billion by 2030, growing at a CAGR of 32.55% in the forecast period (2023-2030).

The rising usage of telehealth and robotics surgery as a result of COVID-19, as well as the rising acceptance of 5G-enabled wearable medical devices for real-time remote patient monitoring, are driving the growth of this market.

Other important reasons driving the growth of this market are the potential of 5G technology to send big patient data files fast, improvements in communications, and the availability of low-cost sensors. However, the expensive cost of deploying a 5G network is projected to limit the market's development.

US 5G Infrastructure In Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 20.72 billion

Largest Segment

Remote Patient Monitoring

Fastest Growth

Asset Tracking

Growth Rate

32.55% CAGR

Global 5G Infrastructure In Healthcare Market, 2022-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global 5G Infrastructure In Healthcare Market Size By Application , 2022-2028 ($ Bn)
Global 5G Infrastructure In Healthcare Market Size By Application, 2022-2028 (%)

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Global 5G Infrastructure In Healthcare Market Segmental Analysis

The Global 5G Infrastructure in Healthcare Market is segmented by component, application, end user, and region. Based on component it is segmented into Hardware, Connectivity, Services. Based on application it is segmented into Remote Patient Monitoring, Connected Medical Devices, AR/VR, Connected Ambulance, Asset Tracking. Based on end user it is segmented into Healthcare Providers, Payers and based on region 5G Infrastructure In Healthcare Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

5G Infrastructure In Healthcare Market Analysis by Application 

With the advent of COVID-19, remote healthcare is being encouraged to limit infection transmission and patient load on hospital grounds. For 4G and 5G connectivity, remote services rely on physical infrastructure. In comparison to previous generations, 5G networks provide superior services and have made substantial development. The 5G ambition is to transform the globe into a secure and interconnected digital society via the employment of intelligence-based communication solutions.

Global 5G Infrastructure In Healthcare Market By Application, 2021 (%), 2021 (%)

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Global 5G Infrastructure In Healthcare Market Regional Insights

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa account for the majority of the worldwide 5G infrastructure in Healthcare Market. In 2021, Asia Pacific held the highest share of the worldwide market, accounting for 33.8 % of the total. The APAC region is the largest and fastest-growing market for 5G in healthcare. This expansion may be ascribed to the widespread use of sophisticated technologies, the rising number of IoT-enabled medical devices, the continual improvement of network connection, and government IoT efforts.

Global 5G Infrastructure In Healthcare Market By Geography, 2022-2028, 2023-2030
  • Largest
  • Fastest

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Global 5G Infrastructure In Healthcare Market Dynamics

5G Infrastructure In Healthcare Market Driver

  • For many years, ICT and medical knowledge have been a potent mix for improving patient care. Remote diagnostics and robotic-assisted surgery are widely utilised across the world, and the rapid evolution of ICT implies that even more possibilities for these treatments are becoming a reality. Another field that might benefit from such advancements is robotic-assisted laser surgery. Doctors may now execute difficult surgeries with greater accuracy and flexibility while minimizing the invasiveness of the procedure, thanks to the use of a machine. This is made possible by 5G technology, which has aided in software advancements and the smooth transfer of information. Many telecommunications behemoths are implementing this technology to improve their healthcare systems.

5G Infrastructure In Healthcare Market Restraint

  • The high production cost of 5G infrastructure in healthcare is a major restraining factor for 5G in healthcare. Various emerging and undeveloped nations lack a solid economy, which is a key impediment to the growth of the 5G in the Healthcare Market.
  • The move from 4G to 5G technologies will necessitate significant expenditure. The cost of 5G infrastructure is highly influenced by the needed throughput density, the periodic interest rate, and the price of base stations. Reduced costs are critical for effective and ultra-dense small cell installations. The challenge for CSPs in transitioning to 5G is justifying the multibillion-dollar investments in new network equipment required to transform their network to a virtualized infrastructure, migrate services from 3G and 4G to 5G, and protect their business from the ever-increasing risks of disruptions and cyber threats.

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Global 5G Infrastructure In Healthcare Market Competitive Landscape

To enhance their position in the 5G infrastructure in Healthcare Market, firms are using methods such as service launches, business expansions, agreements, partnerships, collaborations, and acquisitions. 

5G Infrastructure In Healthcare Market Top Players Company Profiles

  • Qualcomm
  • Intel
  • Huawei Technologies
  • Ericsson
  • Nokia
  • Verizon Communications
  • AT&T
  • Cisco Systems
  • Samsung Electronics
  • ZTE Corporation
  • Fujitsu
  • CommScope
  • NEC Corporation
  • Juniper Networks
  • Hewlett Packard Enterprise
  • Mavenir
  • Dell Technologies
  • Ciena Corporation
  • Arista Networks
  • Radisys Corporation

5G Infrastructure In Healthcare Market Recent Developments

  • In May 2022, Verizon Communications Inc. VZ and Visionable have teamed up to accelerate the evolution of healthcare through the use of Verizon's private 5G and AI-driven secure networking.
  • In May 2022, T-Mobile launched a suite of 5G products to entice business clients and take some of Verizon and AT&T's market share, and has signed up customers such as an automaker, an airline operator, and a theme park.
  • In December 2021, TPG Telecom (Australia), an Australian telecommunications firm, and Ericsson (Sweden) collaborated on the deployment of their 5G Core for standalone 5G networks. This collaboration allows Ericsson's cloud-native dual-mode 5G Core to provide service and technological innovation to TPG Telecom customers.

Global 5G Infrastructure In Healthcare Key Market Trends

  • Wearable devices, secure online consultations, and remote operations such as robotic surgery will improve resource efficiency while meeting client demands for greater convenience and freedom of choice. This technical advancement in the healthcare business opens several opportunities for telecom carriers to enter new value chains and form relationships that benefit the whole ecosystem.
  • 5G-connected wearables can potentially benefit healthcare payers, whether they be commercial insurance companies or the government. Payers have significant financial incentives to keep their individual customers healthy and to detect medical issues early so that they may be handled before the situation necessitates massive and costly diagnostic procedures and treatments. Extending the use of wearable monitoring technology to more diabetics or individuals at risk of cardiac difficulties, for example, might save lives, enhance general population health, and considerably reduce payer outlays.

Global 5G Infrastructure In Healthcare Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

It is anticipated that the 5G infrastructure and connection may now give medication producers with the motivation and chance to deploy IoT-connected monitoring devices in clinical trial participants' homes. This would cut administrative and processing costs, lowering the cost of each trial and allowing pharmaceutical firms to test more medications each year. In addition, real-time data access may reduce the cycle time of a study from, say, eight months to six months, allowing the corporation to deliver medications to market faster or terminate ineffective studies more rapidly.

Report Metric Details
Market size value in 2021 USD 20.72 billion
Market size value in 2030 USD 459.71 billion
Growth Rate 32.55%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Hardware, Connectivity, Services
  • Application
    • Remote Patient Monitoring, Connected Medical Devices, AR/VR, Connected Ambulance, Asset Tracking
  • End-User
    • Healthcare Providers, Payers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Qualcomm
  • Intel
  • Huawei Technologies
  • Ericsson
  • Nokia
  • Verizon Communications
  • AT&T
  • Cisco Systems
  • Samsung Electronics
  • ZTE Corporation
  • Fujitsu
  • CommScope
  • NEC Corporation
  • Juniper Networks
  • Hewlett Packard Enterprise
  • Mavenir
  • Dell Technologies
  • Ciena Corporation
  • Arista Networks
  • Radisys Corporation
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global 5G Infrastructure In Healthcare Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global 5G Infrastructure In Healthcare Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global 5G Infrastructure In Healthcare Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global 5G Infrastructure In Healthcare Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global 5G Infrastructure In Healthcare Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global 5G Infrastructure In Healthcare Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

5G Infrastructure In Healthcare Market size was valued at USD 20.72 billion in 2021 and is poised to grow from USD 48.25 billion in 2022 to USD 459.71 billion by 2030, growing at a CAGR of 32.55% in the forecast period (2023-2030).

To enhance their position in the 5G infrastructure in Healthcare Market, firms are using methods such as service launches, business expansions, agreements, partnerships, collaborations, and acquisitions.  'Qualcomm', 'Intel', 'Huawei Technologies', 'Ericsson', 'Nokia', 'Verizon Communications', 'AT&T', 'Cisco Systems', 'Samsung Electronics', 'ZTE Corporation', 'Fujitsu', 'CommScope', 'NEC Corporation', 'Juniper Networks', 'Hewlett Packard Enterprise', 'Mavenir', 'Dell Technologies', 'Ciena Corporation', 'Arista Networks', 'Radisys Corporation'

For many years, ICT and medical knowledge have been a potent mix for improving patient care. Remote diagnostics and robotic-assisted surgery are widely utilised across the world, and the rapid evolution of ICT implies that even more possibilities for these treatments are becoming a reality. Another field that might benefit from such advancements is robotic-assisted laser surgery. Doctors may now execute difficult surgeries with greater accuracy and flexibility while minimizing the invasiveness of the procedure, thanks to the use of a machine. This is made possible by 5G technology, which has aided in software advancements and the smooth transfer of information. Many telecommunications behemoths are implementing this technology to improve their healthcare systems.

Wearable devices, secure online consultations, and remote operations such as robotic surgery will improve resource efficiency while meeting client demands for greater convenience and freedom of choice. This technical advancement in the healthcare business opens several opportunities for telecom carriers to enter new value chains and form relationships that benefit the whole ecosystem.

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa account for the majority of the worldwide 5G infrastructure in Healthcare Market. In 2021, Asia Pacific held the highest share of the worldwide market, accounting for 33.8 % of the total. The APAC region is the largest and fastest-growing market for 5G in healthcare. This expansion may be ascribed to the widespread use of sophisticated technologies, the rising number of IoT-enabled medical devices, the continual improvement of network connection, and government IoT efforts.

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