5G in Healthcare Market is Expected to Reach $3,667 Million

Chicago, Feb. 21, 2023 (GLOBE NEWSWIRE) -- 5G technology promises to revolutionize healthcare. It will enable doctors to deliver better and faster care, saving time and money, while providing better patient outcomes.

5G will enable faster data transmission and higher bandwidths, allowing doctors to access and share medical data quickly and securely. This will enable doctors to make faster, more accurate diagnoses and treatments. It will also allow doctors to remotely monitor and treat their patients in real time, reducing the need for patients to travel to medical facilities.

5G will also enable the development of advanced medical devices and applications, such as wearable medical devices, robotic surgery, and remote healthcare monitoring. This will allow doctors to provide more accurate diagnoses and treatments, while also providing better patient outcomes.

5G in healthcare market in terms of revenue was estimated to be worth $215 Million in 2021 and is poised to reach $3,667 million by 2026, growing at a CAGR of 76.3% from 2021 to 2026 according to a latest report published by MarketsandMarkets™. 5G stands for the fifth generation of mobile communication technology. With each generation’s new technology and standards, there have been improvements in transmission speed and network capacity. 5G represents a big leap in cellular technology and in healthcare by providing essential levels of connectivity to enable a new health ecosystem, one that can meet the needs of patients and providers accurately, efficiently, cost-effectively, conveniently, and at a substantial scale. This massive network will include billions of low-bitrates and low-energy connected health monitoring devices, remote sensors, and clinical wearables, with 5G providing a backbone infrastructure for IoT.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248695375

5G in Healthcare Market Scope:

Report Coverage Details
Market Revenue in 2021 $215 Million
Estimated Value by 2026 $3,667 Million
Growth Rate Poised to grow at a CAGR of 76.3%
Market Size Available for 2019-2026
Forecast Period 2021–2026
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Component, Application, End User and Region
Geographies Covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Report Highlights Updated financial information / product portfolio of players
Key Market Opportunities Role of AI in 5G healthcare
Key Market Drivers Increasing adoption of telehealth and robotics surgery due to COVID-19

Notable 5G in healthcare mergers and acquisitions for 2021 – 2022 include:

  • AT&T and Telefónica: AT&T announced plans to acquire Telefónica’s U.S.-based MVNO business, which will help it expand its 5G network into the healthcare sector.
  • Apple and CVS Health: Apple and CVS Health announced a partnership to launch a new health and wellness service, which will leverage the power of 5G to allow patients to access digital health services.
  • Microsoft and NTT DoCoMo: Microsoft and NTT DoCoMo announced a joint venture to create a 5G-based healthcare platform for Japanese consumers.
  • Ericsson and Philips: Ericsson and Philips announced a strategic alliance to develop 5G-enabled medical devices and healthcare solutions.
  • Verizon and Samsung: Verizon and Samsung announced a strategic partnership to develop 5G-enabled healthcare solutions and services.

Growth Drivers of 5G in healthcare Market from macro to micro.

Macro Level:

  • High Penetration of Smart Devices: The increasing penetration of smart devices such as smartphones and tablets, coupled with the widespread availability of high-speed internet, is driving the demand for 5G in healthcare.
  • Government Initiatives: Governments around the world are actively promoting 5G technology in healthcare sector to streamline patient care and monitoring.
  • Increasing Adoption of Cloud Technology: The growing adoption of cloud technology in healthcare sector is driving the demand for 5G services, as it offers faster data transfer and enhanced security.

Micro Level:

  • Reduced Latency: 5G technology has the potential to reduce latency, resulting in faster response time for healthcare applications.
  • Improved Network Capacity: 5G technology offers greater network capacity, allowing more data to be transferred at once.
  • Enhanced Security: 5G technology offers enhanced security and encryption, which is essential for the safe transmission of sensitive healthcare data.
  • Cost Savings: 5G technology can reduce costs associated with healthcare operations, such as the costs of infrastructure and maintenance.
  • Improved Patient Care: 5G technology can improve patient care by enabling remote monitoring and diagnosis, as well as providing real-time access to patient data.

Request for FREE Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=248695375

Hypothetic challenges of 5G in healthcare market in near future:

  • Data Security: 5G networks will require new security measures to ensure the protection of patient data. Health data is particularly sensitive and must be kept secure against cyber threats.
  • Regulatory Requirements: 5G networks must comply with local and international regulations governing the use of patient data.
  • Interoperability: 5G networks must be compatible with existing healthcare systems and applications in order to maximize the benefits of the technology.
  • Cost: The cost of implementing and maintaining 5G networks in healthcare settings could be prohibitive.
  • Network Coverage: 5G networks will require a more extensive infrastructure than existing networks, which could pose a challenge in rural and remote areas.

Top 3 use cases of 5G in healthcare market:

  • Telemedicine: 5G will enable real-time, high-quality medical video streaming, allowing doctors to remotely diagnose and treat patients. This will revolutionize healthcare by making medical care more accessible and affordable, as well as reducing wait times and eliminating the need to travel for medical appointments.
  • Wearable Devices: With 5G, healthcare providers will be able to monitor and track patient health data in real-time using connected wearable devices. This will help doctors stay on top of their patients’ health conditions, detect any warning signs early, and provide timely interventions to prevent any further deterioration.
  • Augmented Reality: 5G will enable healthcare providers to use augmented reality (AR) for medical imaging and visualization. This will provide doctors with a more accurate and detailed view of their patients’ conditions, allowing them to make better and more informed decisions. AR can also be used to train medical students, allowing them to get a more holistic view of the human body.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=248695375

Related Reports:

Healthcare IT Market

Telehealth Market, Telemedicine Market

Healthcare Analytics Market

Medical Device Connectivity Market

mHealth Solutions Market


5G in Healthcare Market is Expected to Reach $3,667 Million

THỦ THUẬT HAY

5 nhận định sai về tiết kiệm pin trên iPhone mà nhiều người dùng nghĩ đúng

Từ lâu iPhone đã không được đánh giá cao về viên pin, chính vì vậy mà khi sử dụng người dùng thường tìm mọi cách để tiết kiệm pin trên iPhone nhằm kéo dài thời gian sử dụng. Tuy nhiên, nếu thường xuyên áp dụng 5 cách

18 thủ thuật giúp bạn làm chủ Google Photos

Google Photos có thể giống như một dịch vụ lưu trữ hình ảnh đơn giản, nhưng nó thực sự khá mạnh mẽ. Google Photos làm giảm khoảng cách giữa lưu trữ đám mây, lưu trữ hình ảnh và chia sẻ hình ảnh, tạo sự cạnh tranh gay

Có 3 cách chính để bạn cài ứng dụng vào Windows

Cách thứ nhất, chạy file cài đặt dạng *.exe do nhà phát triển cung cấp. Cách thứ hai, copy file chạy vào một chỗ lưu trữ nào đó và chạy thôi, cái này khá tiện.

Các cách tra cứu Trợ cấp thất nghiệp cực nhanh và chính xác ngay trên chiếc điện thoại của bạn

Với chính sách hỗ trợ người lao động bị ảnh hưởng bởi dịch, gói hỗ trợ Bảo hiểm thất nghiệp sẽ đến tay người lao động trước 31/12 và giờ đây bạn cũng có thể tra cứu trợ cấp này với những bước đơn giản.

Hướng dẫn cách tải netflix mod apk phiên bản mới nhất 2023 miễn phí

Với những ai đam mê xem phim trực tuyến chắc hẳn đều quá quen thuộc với phần mềm Netflix. Đây là ứng dụng xem phim hàng đầu thế giới được rất nhiều người chơi lựa chọn và yêu thích. Ngay trong bài viết dưới đây, chúng

ĐÁNH GIÁ NHANH

Đánh giá chi tiết Mitsubishi Xpander AT 2018 sau hành trình lái thử

Mitsubishi gọi Xpander là mẫu xe crossover MPV, nghĩa là kết hợp ưu điểm của cả dòng xe crossover và MPV. Ngoại hình ấn tượng mạnh mẽ, đột phá với ngôn ngữ thiết kế Dynamic Shield - Vẻ đẹp từ công năng, kết hợp với tối

Trên tay nhanh Zenfone Max Plus M1: Smartphone fullview đầu tiên của Asus

Zenfone Max Plus M1 là một trong những siêu phẩm đầu tiên mang tính đột phá về thiết kế của Asus. Cùng xem bài trên tay đánh giá Zenfone Max Plus M1 nhanh sau đây.

Đánh giá tai nghe Harman Kardon SOHO: tinh tế và giàu kinh nghiệm

Harman Kardon bán kèm một hộp đựng bằng nhựa cứng khá đẹp và chắc chắn. Ban đầu tôi cũng...