5g In Healthcare Market to Grow at CAGR of 7.84% through 2029
Increasing adoption of robotic surgery and telehealth
is expected to drive the Global 5g In Healthcare Market in the forecast period
2025-2029
According to TechSci Research report, “5g In Healthcare
Market– Global Industry Size, Share, Trends, Competition, Forecast &
Opportunities, 2019-2029F”, the Global 5g In Healthcare Market was valued
at USD 289.07 Million in 2023 and is expected to reach USD 450.91 Million by
2029 with a CAGR of 7.84% during the forecast period.
The global 5G in healthcare market is
experiencing transformative trends that are reshaping the delivery of
healthcare services. One significant trend is the increasing adoption of
decentralized clinical trials, which leverage 5G technology to facilitate
remote patient participation and data collection. This approach enhances
patient recruitment, engagement, and data integrity, ultimately accelerating
the clinical trial process.
Another trend is the rise of virtual
reality (VR) and augmented reality (AR) applications in medical training and
patient treatment. With 5G’s high bandwidth and low latency, healthcare
professionals can conduct immersive training simulations and offer patients
interactive educational experiences, leading to improved understanding and
outcomes. The integration of blockchain technology with 5G networks is gaining
traction, as it enhances data security and transparency in healthcare
transactions and patient records.
There is a growing emphasis on
predictive analytics powered by AI and machine learning, enabled by 5G
connectivity, to analyse vast amounts of patient data for proactive
decision-making and personalized treatment plans. These trends collectively
signify a shift towards a more connected, efficient, and patient-centered
healthcare ecosystem, driven by the transformative potential of 5G technology.
As these trends continue to evolve, they promise to enhance the quality of care
and operational efficiency across the healthcare landscape.
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The Global 5g In Healthcare Market is segmented into component,
application, end use, regional distribution, and company
Based on application, remote patient monitoring (RPM)
is the dominant segment in the 5G healthcare market due to its pivotal role in
enhancing patient care and reducing healthcare costs. RPM allows healthcare
providers to monitor patients' vital signs and health metrics in real time,
utilizing connected devices that transmit data through 5G networks. This
capability is particularly beneficial for managing chronic diseases, where
continuous monitoring is crucial for timely interventions. The ultra-low latency
and high bandwidth of 5G enable seamless data transmission, allowing healthcare
providers to receive and analyze patient information instantly, leading to
quicker decision-making and improved patient outcomes.
The increasing demand for telehealth services, driven
by the COVID-19 pandemic, has further propelled the adoption of RPM solutions.
Patients appreciate the convenience and accessibility of receiving care from
home, which RPM facilitates. RPM reduces hospital visits, freeing up healthcare
resources and minimizing the risk of infection. As the aging population grows,
the need for effective remote monitoring solutions becomes more pronounced. RPM
also aligns with the broader trend of personalized medicine, as real-time data
allows for tailored treatment plans based on individual patient needs. This
combination of factors solidifies remote patient monitoring as the dominant
force in the 5G healthcare market.
Based on region, the Asia-Pacific region is the
fastest-growing market for 5G in healthcare, driven by several factors. Rapid
urbanization and a growing population are increasing the demand for advanced
healthcare services, particularly in countries like China and India. Governments
in the region are actively investing in healthcare infrastructure and digital
transformation initiatives, facilitating the adoption of 5G technologies. The
increasing prevalence of chronic diseases and the need for efficient healthcare
delivery are pushing healthcare providers to explore innovative solutions,
including telehealth and remote patient monitoring.
The proliferation of smartphone usage and connected
devices in the region further supports the growth of 5G in healthcare. The partnerships
between telecommunications companies and healthcare providers are fostering the
development of tailored 5G solutions that cater to local needs. This
combination of technological advancements, supportive policies, and growing
healthcare demands positions Asia-Pacific as the leader in the rapid adoption
of 5G technology in healthcare.
Major companies operating in Global 5g In
Healthcare Market are:
- AT&T Intellectual Property
- Verizon
- China Mobile International Limited
- Quectel
- Telit Cinterion
- TELUS International
- Huawei Technologies Co., Ltd.
- Cisco Systems, Inc.
- Orange
- NEC Corporation
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“The 5G in healthcare market is revolutionizing
patient care by enabling unprecedented levels of connectivity and data
exchange. With its ultra-low latency, 5G facilitates real-time remote
monitoring, allowing healthcare providers to track patient vitals and health
metrics from anywhere. This technology not only enhances telemedicine
experiences but also enables advanced applications like remote robotic
surgeries, where specialists can operate on patients in different locations
with precision. The integration of AI and machine learning with 5G can analyze
vast datasets to predict patient outcomes, personalizing treatment plans. As 5G
continues to unfold, it promises to redefine healthcare delivery, making it
more efficient, accessible, and patient-centered” said Mr. Karan Chechi,
Research Director, TechSci Research, a research-based management consulting
firm.
“5g In Healthcare Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, Segmented By Component
(Hardware, Services), By
Application (Remote Patient Monitoring, Connected Medical Devices, AR/VR,
Connected Ambulance, Asset Tracking), By
End Use (Healthcare Providers, Healthcare Payers, Other), By Region and
Competition, 2019-2029F”, has evaluated the future growth potential of Global
5g In Healthcare Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global 5g In
Healthcare Market.
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