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5G In Healthcare Market Size - By Component(Hardware, Connectivity, Services), by Application(Remote Patient Monitoring, Connected Medical Devices , AR/VR, Connected Ambulance, Asset Tracking, Remote Consultation, Smart Wearable, Tele-robotics), by End User(Healthcare Providers, Healthcare Players) & Region - Forecasts 2023 - 2033

  • PUBLISHED ON
  • 1970-01-01
  • NO OF PAGES
  • 240
  • CATEGORY
  • Healthcare & Life Sciences

 

Global 5G in Healthcare Market Analysis by Component, Application, End Users, Region and segments forecast till 2033

 

Market Overview

The 5G in healthcare market is valued at an estimated USD 379.05 Million in 2022 and is projected to reach USD 35,376.04 Million by 2033, growing at a CAGR of 76.3%.

 

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 379.05 Million

Market Forecast in 2033

USD 35,376.04 Million

CAGR % 2023-2033

76.3%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

AT&T, Samsung Electronics, Ericsson, NEC, Huawei Technologies, Capsule Technologies,TMobile USA, Inc., Cisco Systems, Inc., Telus Communications Inc., Telit, Orange S.A, Telefónica, S.A., SAMSUNG, BT Group, NEC Corporation, Qualcomm Technologies, Inc., NTT Docomo Inc., Verizon, and Others.

 

Global 5G in Healthcare market- Description

5G represents the fifth era of portable correspondence innovation. With every age's new innovation and principles, there have been upgrades in transmission speed and organization limit. 5G addresses a major jump in cell innovation and in medical services by giving fundamental degrees of availability to empower another wellbeing environment, one that can address the issues of patients and suppliers precisely, proficiently, cost-actually, advantageously, and at a significant scale.

 

This enormous organization will incorporate billions of low-bitrates and low-energy associated wellbeing observing gadgets, far off sensors, and clinical wearables, with 5G giving a spine framework to IoT. The expanding reception of telehealth and advanced mechanics medical procedure because of COVID-19 and the rising reception of 5G-empowered wearable clinical gadgets for ongoing distant patient checking are key variables driving the development of this market.

The capacity of 5G innovation to communicate enormous patient information records rapidly, headways in media transmission, and the accessibility of minimal expense sensors are other central point that are driving the development of this market. Nonetheless, the significant expense of arrangement of the 5G organization is supposed to control the development of this market. The expense of the 5G foundation relies vigorously upon the necessary throughput thickness, occasional loan cost, and base station cost. The decrease of these expenses is significant for successful and super thick small cell organizations.

The test for CSPs in changing to 5G is to legitimize the multibillion dollars of interests in new organization hardware expected to change their organization to a virtualized foundation, move administrations from 3G and 4G to 5G, all while safeguarding their business against the consistently expanding dangers of interruptions and digital dangers. The change to an independent model is fundamental for telcos to exploit the full scope of advantages that 5G offers. Their capacity to effectively catch endeavour clients with low idleness applications will require a circulated, independent organization with an edge process stage, network cutting, and control/client plane division. The current independent arrangements have assisted telcos with rapidly working upon their 5G rollout plans that are centered around conveying fixed and versatile broadband administrations to customers.

 

Key Trends of 5G in Healthcare Market:

·         Increasing adoption of telehealth and robotics surgery due to COVID-19:

ICT and clinical skill have been a strong blend for improving patient consideration for a long time. Distant finding and mechanical helped a medical procedure are regularly utilized across the globe, and the fast speed at which ICT is developing implies that significantly bigger potentials for these methods are turning into a reality. Telemedicine requires an organization that can uphold ongoing top notch video, which frequently implies wired networks. Several nations have shown developing help for telemedicine and telehealth and are starting to lay out state-wide telehealth inclusion, characterized repayment strategies, and a lawful system for telehealth practices.

Robotic-helped laser medical procedure is another region that can profit from such turns of events. With the guide of a machine, specialists can now perform complex systems with more prominent accuracy and adaptability and limit the obtrusiveness of the activity. This is conceivable through 5G innovation, which has helped in propels in programming and consistent transmission of data. Numerous telecom monsters are embracing this innovation to change their medical care frameworks.

 

·         Role of AI in 5G healthcare:

An AI-fuelled, continuous remote observing arrangement empowers parental figures to latently distinguish changes in conditions, lessen hospitalizations, and work on quality measurements. Artificial intelligence and 5G-empowered gadgets track clients' everyday living exercises utilizing novel motion discovery calculations and give experiences and prescient examination around them, including rest quality, fall risk, fall recognition, drinking or hydration, activity examples, wandering, and UTI risk. This information conveys significant clinical experiences to medical services suppliers, assisting them with keeping in touch with and further develop the prosperity of those under their consideration. Internet of Things (IoT)- empowered clinical gadgets and AI-controlled information investigation can smooth out wellbeing observing and make a completely ""associated"" clinic. IoT can likewise help with driving more noteworthy efficiencies in helper capacities, for example, coordinated factors and production network.

 

5G in Healthcare Market: Segmental Analysis 

Based on Component

• Connectivity

• Hardware

• Services

The hardware segment accounted for the largest share of the 5G in healthcare market. The large share of this segment can primarily be attributed to the need for frequent upgradation or replacement to make optimal use of the latest software available in the market.

 

Based on Application

• Connected Ambulance

• AR or VR

• Asset Tracking for medical devices

• Connected Medical Devices

• Remote Patient Monitoring

• Smart Wearables

• Tele-Robotics

The connected medical devices segment accounted for the largest share of the 5G in healthcare market. The large share of this segment can be attributed to the growth in the telehealth market and the growing inclination towards home healthcare. The high burden of COVID-19, increasing healthcare costs, strong government support and initiatives, and the growing focus on the quality of care and patient safety are further driving the market for connected medical devices in the 5G in healthcare market.

 

Based on End-Users

• Healthcare Providers

• Healthcare Payers

• Others

The healthcare providers segment accounted for the largest share of the 5G in healthcare market. The large share of this segment can be attributed to the rising need for an efficient healthcare system, growing patient volume, increasing number of hospitals and ambulatory care centers, growth in telehealth, rising adoption of 5G-enabled wearable medical devices, and the rising demand for better technologies that help in the easy transfer of large data files.

 

5G in Healthcare Market- Regional Analysis

North America, Europe, Middle East & Africa, Asia Pacific, and Latin America are the major regions defining the geographical gamut of this marketplace. Among these, the APAC is the largest and fastest-growing region in the 5G in healthcare market. This growth can be attributed to the significant adoption of advanced technologies, increasing number of IoT-enabled medical devices, continuously enhancing network connectivity, and government initiatives for IoT.

 

Global 5G in Healthcare market- Impact of Russia Ukraine War

The ongoing Russia-Ukraine war is a geopolitical conflict that has implications for various industries, including healthcare and 5G technology. The impact of the conflict on the 5G in healthcare market is difficult to predict with certainty, as it depends on a variety of factors and variables. One potential impact of the conflict on the 5G in healthcare market is the disruption of supply chains and manufacturing processes. If the conflict escalates or continues to persist, it could lead to disruptions in the production and distribution of 5G-enabled healthcare equipment and devices, as well as the raw materials and components used in their production. This could result in delays or shortages of 5G-enabled healthcare products, which could have negative impacts on the growth and adoption of the technology.

Another potential impact of the conflict on the 5G in healthcare market is on the investment and funding for research and development. If the conflict leads to geopolitical tensions or economic instability in the region, it could result in a decrease in investment and funding for 5G in healthcare research and development. This could slow down the pace of innovation and hinder the development of new 5G-enabled healthcare products and services. However, it is also possible that the conflict could spur innovation and investment in the 5G in healthcare market. As healthcare systems continue to face unprecedented challenges and pressures, the need for more advanced and efficient healthcare technologies is becoming increasingly apparent.

 

Global 5G in Healthcare market- Recent Developments

·         In 2020, Qualcomm Technologies, Inc. announced a new partnership with Verizon to develop and test 5G-enabled healthcare applications such as telemedicine and remote monitoring.

·         In 2021, Huawei Technologies Co., Ltd. unveiled its new 5G-powered healthcare solution, which includes a range of applications such as remote diagnosis, telemedicine, and healthcare management.

·         In 2022, Ericsson AB announced a new partnership with King's College London to develop a 5G-enabled surgical training platform that uses virtual reality and haptic feedback technology.

 

Global 5G in Healthcare market: Key Companies

·         AT&T

·         Samsung Electronics

·         Ericsson

·         NEC

·         Huawei Technologies

·         Capsule Technologies

·         TMobile USA, Inc.

·         Cisco Systems, Inc.

·         Telus Communications Inc.

·         Telit

·         Orange S.A

·         Telefónica, S.A.

·         SAMSUNG

·         BT Group

·         NEC Corporation

·         Qualcomm Technologies, Inc.

·         NTT Docomo Inc.

·         Verizon

·         Others

 

Global 5G in Healthcare market: Regional Scope              

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

 

Why to buy this Report?

Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.

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Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

1. Global 5G In Healthcare Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. 5G In Healthcare Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million)

1.4. Global 5G In Healthcare Market Scope and Market Estimation

1.4.1. Global 5G In Healthcare Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global 5G In Healthcare Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. 5G In Healthcare Market Segmentation

1.5.1. Component of Global 5G In Healthcare Market

1.5.2. Application of Global 5G In Healthcare Market

1.5.3. End User of Global 5G In Healthcare Market

1.5.4. Key Regions of Global 5G In Healthcare Market

 

2. Global 5G In Healthcare Market - Executive Summary

2.1. Global 5G In Healthcare Market – Summary & Snapshot

2.2. Global 5G In Healthcare Market, By Component (US$ Million)

2.3. Global 5G In Healthcare Market, By Application (US$ Million)

2.4. Global 5G In Healthcare Market, By End User (US$ Million)

2.5. Global 5G In Healthcare Market, By Geography (US$ Million)

2.6. Global 5G In Healthcare Market Outlook & Future Opportunities

 

3. 5G In Healthcare Market Trends, Outlook, and Factors Analysis

3.1. Global 5G In Healthcare Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global 5G In Healthcare Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. 5G In Healthcare Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. Ability to quickly transmit huge patient data files

3.2.1.2. Advances in telecommunication

3.2.1.3. The emergence of low-cost sensors

3.2.2. Restraints

3.2.2.1. Large-scale investments

3.2.3. Opportunities

3.2.3.1. Increasing adoption of telehealth and robotics surgery due to COVID-19

3.2.3.2. Rising adoption of 5G-enabled wearable medical devices for real-time remote patient monitoring

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of 5G In Healthcare Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of 5G In Healthcare Market

3.9.1. By Component

3.9.2. By Application

3.9.3. By End User

3.9.4. By Regions

 

4. Global 5G In Healthcare Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1. Global 5G In Healthcare Market, 2020 – 2021 (US$ Million)

4.2. Global 5G In Healthcare Market, By Component , 2020 to 2021 (US$ Million)

4.3. Global 5G In Healthcare Market, By Application , 2020 to 2021 (US$ Million)

4.4. Global 5G In Healthcare Market, By End User , 2020 to 2021 (US$ Million)

4.5. Global 5G In Healthcare Market, By Region, 2020 to 2021 (US$ Million)

 

5. Global 5G In Healthcare Market Estimates & Forecast Trend Analysis, by Component

5.1. Global 5G In Healthcare Market Share (%) Estimates and Forecasts, by Component , 2022 & 2033

5.2. Global 5G In Healthcare Market Revenue (US$ Million) Estimates and Forecasts, by Component , 2022 to 2033

5.2.1. Hardware

5.2.2. Connectivity

5.2.3. Services

 

Global 5G In Healthcare Market Estimates & Forecast Trend Analysis, by Application

5.3. Global 5G In Healthcare Market Share (%) Estimates and Forecasts, by Application , 2022 & 2033

5.4. Global 5G In Healthcare Market Revenue (US$ Million) Estimates and Forecasts, by Application , 2022 to 2033

5.4.1. Remote Patient Monitoring

5.4.2. Connected Medical Devices

5.4.3. AR/VR

5.4.4. Connected Ambulance

5.4.5. Asset Tracking

5.4.6. Remote Consultation

5.4.7. Smart Wearable

5.4.8. Tele-robotics

5.4.9. Others

 

6. Global 5G In Healthcare Market Estimates & Forecast Trend Analysis, by End User

6.1. Global 5G In Healthcare Market Share (%) Estimates and Forecasts, by End User , 2022 & 2033

6.2. Global 5G In Healthcare Market Revenue (US$ Million) Estimates and Forecasts, by Segment _3, 2022 to 2033

6.2.1. Healthcare Providers

6.2.2. Healthcare Players

6.2.3. Others

 

7. Global 5G In Healthcare Market Analysis and Forecast, by Region

7.1. Global 5G In Healthcare Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

7.2. Global 5G In Healthcare Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033

7.2.1. North America

7.2.2. Europe

7.2.3. Asia Pacific

7.2.4. Middle East and Africa

7.2.5. Latin America

 

8. North America 5G In Healthcare Market: Estimates & Forecast Trend Analysis

8.1. North America 5G In Healthcare Market Assessments & Key Findings

8.2. North America 5G In Healthcare Market Share (%) Estimates and Forecasts, 2022 & 2033

8.3. North America 5G In Healthcare Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

8.3.1. By Component

8.3.2. By Application

8.3.3. By End User

8.3.4. By Major Country

8.3.4.1. The U.S.

8.3.4.2. Canada

 

9. Europe 5G In Healthcare Market: Estimates & Forecast Trend Analysis

9.1. Europe 5G In Healthcare Market Assessments & Key Findings

9.2. Europe 5G In Healthcare Market Share (%) Estimates and Forecasts, 2022 & 2033

9.3. Europe 5G In Healthcare Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

9.3.1. By Component

9.3.2. By Application

9.3.3. By End User

9.3.4. By Major Country

9.3.4.1. Germany

9.3.4.2. The U.K.

9.3.4.3. France

9.3.4.4. Italy

9.3.4.5. Spain

9.3.4.6. Rest of Europe (includes all other European countries)

 

10. Asia Pacific 5G In Healthcare Market: Estimates & Forecast Trend Analysis

10.1. Asia Pacific 5G In Healthcare Market Assessments & Key Findings

10.2. Asia Pacific 5G In Healthcare Market Share (%) Estimates and Forecasts, 2022 & 2033

10.3. Asia Pacific 5G In Healthcare Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

10.3.1. By Component

10.3.2. By Application

10.3.3. By End User

10.3.4. By Major Country

10.3.4.1. China

10.3.4.2. Japan

10.3.4.3. India

10.3.4.4. ASEAN

10.3.4.5. South Korea

10.3.4.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

11. Middle East & Africa 5G In Healthcare Market: Estimates & Forecast Trend Analysis

11.1. Middle East & Africa 5G In Healthcare Market Assessments & Key Findings

11.2. Middle East & Africa 5G In Healthcare Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. Middle East & Africa 5G In Healthcare Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

11.3.1. By Component

11.3.2. By Application

11.3.3. By End User

11.3.4. By Major Country

11.3.4.1. GCC

11.3.4.2. South Africa

11.3.4.3. Egypt

11.3.4.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

12. Latin America 5G In Healthcare Market: Estimates & Forecast Trend Analysis

12.1. Latin America Market Assessments & Key Findings

12.2. Latin America 5G In Healthcare Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Latin America 5G In Healthcare Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

12.3.1. By Component

12.3.2. By Application

12.3.3. By End User

12.3.4. By Major Country

12.3.4.1. Brazil

12.3.4.2. Mexico

12.3.4.3. Rest of Latin America (includes all other Latin America countries)

 

13. Competitive Landscape

13.1. 5G In Healthcare Market Revenue Share Analysis (%), by Major Players (2021)

13.2. 5G In Healthcare Market Competition Matrix, by Leading Players

13.3. 5G In Healthcare List of Emerging, Prominent and Leading Players

13.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

 

14. Company Profiles

14.1. Verizon

14.1.1. Company Overview & Insights

14.1.2. Financial Performance

14.1.3. Product / Service Portfolio

14.1.4. Geographical Footprint & Share

14.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

14.2. Company Name_2

14.3. AT&T

14.4. Samsung Electronics

14.5. Ericsson

14.6. NEC

14.7. Huawei Technologies

14.8. Capsule Technologies

14.9. TMobile USA, Inc.

14.10. Cisco Systems, Inc. is

14.11. Telus Communications Inc.

14.12. Telit

14.13. Orange S.A

14.14. Telefónica, S.A.

14.15. SAMSUNG

14.16. BT Group

14.17. NEC Corporation

14.18. Qualcomm Technologies, Inc.

14.19. NTT Docomo Inc.

14.20. Others

 

15. Assumptions and Research Methodology

15.1. Data Mining

15.2. Secondary Research

15.3. Primary Research

15.4. Subject Matter Expert Advice

15.5. Quality Check

15.6. Final Review

15.7. Data Triangulation

15.8. Bottom-Up Approach

15.9. Top Down Approach

15.10. Research Flow

15.11. Key Insights from Industry Experts

15.12. Data Sources

15.13. Assumptions

15.14. Limitations

 

16. Conclusions and Recommendations

16.1. Key Research Findings and Conclusion

16.2. Key Insights & Recommendations from Analysts

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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