The 5g in healthcare global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
5G in Healthcare Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The 5g in healthcare market size has grown exponentially in recent years. It
will grow from $0.64 billion in 2023 to $1.04 billion in 2024 at a compound
annual growth rate (CAGR) of 62.6%. The growth in the historic period can be
attributed to high-speed data transfer, low latency, increased network
capacity.
The 5g in healthcare market size is expected to see exponential growth in the
next few years. It will grow to $7.36 billion in 2028 at a compound annual
growth rate (CAGR) of 63.0%. The growth
in the forecast period can be attributed to increasing healthcare expenditure,
increasing chronic diseases, increasing penetration of internet, growing users
of smartphones. Major trends in the forecast period include ai and machine
learning applications, iot expansion in healthcare, ar and vr for medical
training, edge computing integration, telemedicine and remote monitoring
advancements.
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Scope Of 5G in Healthcare Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Market Drivers -
The increasing adoption of telehealth is significantly driving the growth of
the 5G in the healthcare market. Telehealth refers to the use of digital
information and communication technologies such as computers and mobile devices
(by patient or doctor) to access health care services remotely and manage
patients’ health care. Telehealth offers various advantages such as easy access
to healthcare and medical specialists, services with limited mobility, time or
transportation options, improved communication and coordination between
healthcare professionals and patients, and support for self-management of
health care. Telehealth is one of the significant applications that make use of
5G technology for providing prompt healthcare services. For instance, according
to the Ministry of Health and Family Welfare, Government of India, the
government’s telemedicine service, eSanjeevani has surpassed 14 million teleconsultations
in October 2021 from just 3 million consultations in March 2021. This rapid
growth of telemedicine adoption needs high-speed connectivity that can be
provided through 5G services. Hence, the increasing adoption of telehealth
propels the 5G in the healthcare market growth.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the 5G
chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
The 5g in healthcare market covered in this report is segmented –
1) By Component: Hardware, Services, Connectivity
2) By Type: Data Transmission, Wearable Devices, Telediagnosis, Telemonitoring,
Telerobotic Surgery, Other Types
3) By End Users: Healthcare Providers, Healthcare Payers, Other End Users
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Regional Insights -
Asia-Pacific was the largest region in the 5G in healthcare market in 2023, and
it is also expected to be the fastest-growing region in the forecast period.
The regions covered in the 5g in healthcare market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa
Key Companies -
Major companies operating in the 5g in healthcare market report are AT&T
Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, T‑Mobile
USA Inc., Cisco Systems Inc., NEC Corporation, SK Telecom Co. Ltd., Fibocom
Wireless Inc., Qualcomm Incorporated, Nokia Corporation, Huawei Technologies
Co. Ltd., China Mobile Limited, Telus Corporation, Vodafone Group plc, Deutsche
Telekom AG, Telefónica S. A., Bharti Airtel Limited, Sierra Wireless Inc.,
Swisscom AG, Quectel Wireless Solutions Co. Ltd., Sequans Communications,
Koninklijke Philips N. V., Samsung Electronics Co. Ltd., HTC Corporation, Sony
Corporation, Siemens Healthineers AG, Telit Communications Ltd., BT Group plc,
NTT Docomo Inc., Doximity Inc.
Table of Contents
1. Executive Summary
2. 5G in Healthcare Market Report Structure
3. 5G in Healthcare Market Trends And Strategies
4. 5G in Healthcare Market – Macro Economic Scenario
5. 5G in Healthcare Market Size And Growth
…..
27. 5G in Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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