USD 232.15 Million
Report ID: SQMG35G2006 | Region: Global | Published Date: October, 2022 | Pages: 165
The Global 5G Infrastructure in Healthcare Market was valued at USD 232.15 Million in 2021 and it is expected to reach at USD 13273.19 Million by 2028, at a CAGR of 78.25% over the forecast period(2022-2028).
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.
Global Market Size
USD 232.15 Million
Remote Patient Monitoring
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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 it is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
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.
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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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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.
Top Players Company Profiles
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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.
|Market size value in Healthcare||USD 232.15 Million|
|Market size value in 2028||USD 13273.19 Million|
|Forecast Unit (Value)||USD Million|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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Product ID: SQMG35G2006