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 Insights

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).

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.

US 5G Infrastructure In Healthcare Market is poised to grow at a sustainable CAGR for the next forecast year.

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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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Global 5G Infrastructure in healthcare Market

Report ID: SQMIG35G2104

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