According to SNS Insider, Global 5G in Healthcare Market Anticipates Staggering Growth on Account of Telemedicine Revolution and Data-Intensive Applications

AUSTIN, TEXAS, UNITED STATES, January 11, 2024 /EINPresswire.com/ -- As per SNS Insider’s research, the growth drivers for 5G in Healthcare Market are multifaceted, encompassing advancements in telemedicine, IoT-enabled devices, data-intensive applications, improved connectivity in hospitals, and the integration of AR and VR technologies.

The SNS Insider report indicates that the size for 5G in healthcare market was assessed at USD 379.26 million in 2022, projecting a substantial growth with an anticipated value of USD 35,557.05 million by 2030. This expansion is expected to occur at a robust Compound Annual Growth Rate (CAGR) of 76.4% during the forecast period spanning from 2023 to 2030.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐜𝐨𝐩𝐞

The integration of 5G technology in healthcare marks a significant leap forward, revolutionizing the industry by enhancing connectivity, speed, and efficiency. At its core, 5G in healthcare refers to the utilization of fifth-generation wireless technology to support and enhance medical services, ranging from improved communication between devices to advanced telemedicine applications. The main pointers of this technological integration encompass faster data transmission, low latency, increased device connectivity, and the ability to handle a massive volume of data.

𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐈𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠 𝐓𝐎𝐂, 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐓𝐚𝐛𝐥𝐞𝐬 & 𝐅𝐢𝐠𝐮𝐫𝐞𝐬, 𝐂𝐡𝐚𝐫𝐭): https://www.snsinsider.com/sample-request/1744

𝟓𝐆 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Several factors are propelling the growth of the 5G in healthcare market. Firstly, the demand for high-speed and low-latency connectivity for critical healthcare applications is a primary driver. Additionally, the increasing adoption of IoT devices in healthcare, coupled with the surge in telehealth services, is fueling the need for robust and efficient communication networks. Furthermore, advancements in medical technology, such as remote patient monitoring and augmented reality for surgical procedures, rely heavily on the capabilities offered by 5G. The ongoing push for digitization in healthcare systems globally is another key driver, as it aligns with the requirements of a high-performance, connected infrastructure. Hospitals and healthcare facilities are complex ecosystems with numerous connected devices and systems. 5G technology ensures robust and reliable connectivity within these environments, reducing downtime and enhancing operational efficiency. From managing electronic health records to coordinating emergency responses, the seamless connectivity offered by 5G plays a pivotal role in optimizing hospital workflows.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭:

By Component
• Hardware
• Connectivity
• Services

By Application
• Remote Patient Monitoring
• AR/VR
• Connected Medical Devices
• Asset tracking for medical devices
• Connected Ambulance

By End Users
• Healthcare Providers
• Healthcare Payers

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐑𝐞𝐜𝐞𝐬𝐬𝐢𝐨𝐧

The impact of the ongoing recession on the 5G in healthcare market is multifaceted. On the positive side, the pandemic has accelerated the need for remote healthcare solutions, boosting the demand for 5G-enabled telehealth services. The recession has prompted healthcare providers to seek cost-effective and efficient ways of delivering care, thereby driving the adoption of 5G technologies. However, on the negative side, budget constraints in healthcare spending might slow down the investment in upgrading infrastructure to support 5G. Striking a balance between these opposing forces will be crucial in determining the net effect of the recession on the 5G in healthcare market.

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐑𝐮𝐬𝐬𝐢𝐚-𝐔𝐤𝐫𝐚𝐢𝐧𝐞 𝐖𝐚𝐫

The Russia-Ukraine War has potential implications for the 5G in healthcare market. On the positive side, geopolitical tensions may drive a stronger focus on securing communication networks, enhancing the resilience and security of 5G infrastructure. However, disruptions in the global supply chain, economic uncertainties, and diverted attention and resources toward addressing the crisis might hinder the deployment and development of 5G technologies. The net impact will depend on how the geopolitical situation unfolds and its subsequent influence on international collaborations and investments in the 5G in healthcare sector.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐋𝐢𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝟓𝐆 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐫𝐞:
• AT&T
• BT Group
• Ericsson
• Orange S.A.
• Cisco Systems
• Telus Communications
• Telit
• T‑Mobile USA
• Telefónica
• SAMSUNG
• Verizon

𝐍𝐞𝐞𝐝 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐬 𝐩𝐞𝐫 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐀𝐬𝐤 𝐇𝐞𝐫𝐞: https://www.snsinsider.com/enquiry/1744

𝐊𝐞𝐲 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐢𝐧 𝟓𝐆 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The regional dynamics of the 5G in healthcare market vary across the globe. In developed regions like North America and Europe, robust healthcare infrastructure and early technology adoption contribute to rapid 5G integration. These regions witness a surge in telehealth services, smart healthcare solutions, and remote patient monitoring. In contrast, emerging economies in Asia-Pacific and Latin America are experiencing a gradual but steady shift toward 5G in healthcare, driven by improving economic conditions and increasing awareness of advanced healthcare technologies. Striking the right balance between accessibility, affordability, and technological advancements will be crucial for achieving widespread 5G adoption across diverse regions.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲 𝐟𝐫𝐨𝐦 𝟓𝐆 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

➔Within the 5G in healthcare market, the remote patient monitoring segment emerges as a dominant force. The seamless connectivity and low latency of 5G enable real-time monitoring of patients' health conditions, facilitating timely interventions and reducing the burden on healthcare facilities.

➔In the domain of 5G in healthcare, the healthcare providers segment takes center stage. With the increasing adoption of electronic health records, telemedicine, and other digital health solutions, healthcare providers are at the forefront of leveraging 5G technology.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐭𝐨 𝟓𝐆 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

➔Verizon and Cleveland Clinic have joined forces to establish a state-of-the-art hospital harnessing the power of 5G connectivity. This strategic partnership aims to revolutionize the healthcare industry by integrating high-speed, low-latency 5G networks into the very fabric of the hospital's operations.

➔Jio and the Institute of Liver and Biliary Sciences (ILBS) have announced a strategic partnership to explore and implement 5G use cases in healthcare. This collaboration aims to leverage the capabilities of 5G networks to enhance medical services and improve overall patient care.

𝐁𝐮𝐲 𝟓𝐆 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.snsinsider.com/checkout/1744

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭

1. 5G in Healthcare Market Overview:
• Definition & Scope
• Research Assumptions

2. 5G in Healthcare Market Trends:
• Drivers & Restraints
• Opportunities & Challenges

3. External Influences:
• COVID, Ukraine War, Recession Impacts

4. Value Chain & Competition:
• Value Chain, Porter's 5 Forces, PEST Analysis

5. 5G in Healthcare Market Segments:
• Components (Hardware, Connectivity, Services)
• Applications (Remote Monitoring, AR/VR, Devices, Tracking, Ambulances)
• End Users (Providers & Payers)

6. Regional Analysis:
• North America, Europe, Asia-Pacific, Middle East & Africa, Latin America

7. Key Players:
• Company Profiles (Financials, Products, SWOT)
• Competitive Benchmarking & Market Share

8. Conclusion & Outlook

Akash Anand
SNS Insider Pvt. Ltd
+1 415-230-0044
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