According to the new market research report "5G in Healthcare Market by Component (Hardware, Connectivity, Services) Application (Remote Patient Monitoring, Connected Medical Devices, AR/VR, Connected Ambulance, Asset Tracking) End User (Healthcare Providers, Payers) - Global Forecast to 2026", published by MarketsandMarkets™, the 5G in Healthcare Market is projected to reach USD 3,667 million by 2026, at a CAGR of 76.3% between 2021 and 2026. Growing demand for advanced healthcare monitoring systems, remote patient monitoring (RPM), and telemedicine services has been driving the market growth.
5G technology is expected to revolutionize the healthcare sector in the coming years due to its higher bandwidth and faster speed. The adoption of 5G technology in healthcare can help healthcare providers in providing better services to their patients. This technology can help in improving the quality of healthcare services and reduce the cost associated with healthcare services.
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The introduction of 5G technology in healthcare has enabled the development of several advanced applications such as remote patient monitoring, telemedicine, and artificial intelligence. These advanced applications enable healthcare providers to provide better services to their patients and improve the overall efficiency of healthcare services.
5G technology is expected to provide better data security and enable healthcare providers to store large amounts of data securely. It can also help healthcare providers in reducing the time taken to process medical images and other medical data.
The increasing adoption of mobile devices and the growing demand for advanced healthcare monitoring systems are the major factors driving the 5G in healthcare market. The growing demand for advanced telemedicine services and the increasing adoption of connected healthcare systems are also expected to fuel the market growth.
The increasing investments in 5G technology by governments of various countries are expected to create favorable opportunities for the 5G in healthcare market. Companies operating in the market are also focusing on developing advanced 5G enabled healthcare solutions to meet the growing demand.
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Key Market Players
The prominent players in the market are AT&T (US), Verizon (US), China Mobile Limited (China), Qualcomm (US), T-Mobile (US), Ericsson (Sweden), Telit (Poland), Telus (Canada), Vodafone (UK), Nokia (Finland), Samsung (South Korea), Deutsche Telekom AG (Germany), Orange S.A. (France), SK Telecom Co., Ltd. (South Korea), BT Group (UK), NTT DOCOMO (UK), NEC Corporation (Japan), Telefónica (Spain), Airtel (India), Huawei Technologies Co., Ltd. (China), and Cisco (US). These companies adopted strategies such as service launches, business expansions, agreements, partnerships, collaborations, and acquisitions to strengthen their presence in the 5G in healthcare market.
AT&T
AT&T is the leading player in the 5G healthcare market. AT&T provides its global SIM-enabled connectivity in more than 200 countries and across 500 carriers, which would provide fast and highly secure equipment connectivity to enterprises and help them deploy more devices using IoT and M2M technologies.
The study categorizes the 5G in healthcare based on By Component, Application and End User at the regional and global level.
By Component
- Hardware
- Services
- Connectivity
By Application
- Connected Medical Devices
- Remote Patient Monitoring
- AR/VR
- Asset tracking for medical devices
- Connected Ambulance
By End Users
- Healthcare Providers
- Healthcare Payers
- Other End Users
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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