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 2024-2031


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

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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5G Infrastructure In Healthcare Market size was valued at USD 20.72 billion in 2019 and is poised to grow from USD 48.25 billion in 2023 to USD 459.71 billion by 2031, growing at a CAGR of 32.55% in the forecast period (2024-2031).

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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Global 5G Infrastructure in healthcare Market

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