What is the global market size of 5G Infrastructure In Healthcare Market?

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).

Global 5G Infrastructure in healthcare Market

5G Infrastructure In Healthcare Market Size, Share, Growth Analysis, By Component(Hardware, Connectivity, Services), By Application(Remote Patient Monitoring, Connected Medical Devices, AR/VR, Connected Ambulance), By End-User(Healthcare Providers, Payers), By Region - Industry Forecast 2024-2031

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

5G Infrastructure In Healthcare Market News

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.

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5G Infrastructure In Healthcare Market size was valued at USD 20.72 billion in 2022 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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5G Infrastructure In Healthcare Market Size, Share, Growth Analysis, By Component(Hardware, Connectivity, Services), By Application(Remote Patient Monitoring, Connected Medical Devices, AR/VR, Connected Ambulance), By End-User(Healthcare Providers, Payers), By Region - Industry Forecast 2024-2031

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