Global 5G in Healthcare Market is projected to worth USD 3.9 Bn by 2030

According to SPER Market Research, the 5G in healthcare market estimated to reach USD 3.9 Bn by 2030 with a CAGR of 69.8%. Technologies such as Telehealth and robotics services are getting popular due to the rapidly evolving healthcare industry. Such advancements help in treatment efficiency and drive the growth of this market.

Impact of COVID-19 on the 5G in Healthcare Market
COVID-19 has induced barriers for the access to healthcare. Digital technologies have been proven to be a supportive tool during the pandemic to control transmission of infections, provide healthcare related correct information and remote treatments to the patients. The adoption of 5G in healthcare can assure effective communications, early diagnosis of diseases, remote access to information, patient monitoring and real time data collection.

Scope of the report:
Market size available for years 2019-2030
Base year considered 2021
Forecast period 2022-2030
Segments covered By Component, By Application, By End User
Geographies covered North America, Europe, APAC, Latin America and the Middle East & Africa
Companies Covered Airtel, AT&T, BT Group, China Mobile Limited, Cisco, Deutsche Telekom AG, Ericsson, Fibocom Wireless Inc., Huawei Technologies Co. Ltd., NEC Corporation, Nokia, NTT DOCOMO, Orange S.A. , Qualcomm, Quectel, Samsung, Sequans, Sierra Wireless, SK Telecom Co. Ltd., Swisscom, Telefónica, Telit, Telus, T-Mobile, Verizon, Vodafone

Driver: Rising adoption of Telehealth and Robotics
During the pandemic, telehealth and robotics assisted surgeries are gaining popularity and acceptance. These technologies can provide treatment limiting the contact with the patient. 5G allows the healthcare delivery to the patients virtually through telepresence mediums. 5G also has helped in advancements in software to support robotics assisted surgery.

Challenge: High security risks
Automated technologies in healthcare are also associated with data breaches which can potentially raise security concerns among the users. This can lead to restriction for the adoption of 5G related solutions in healthcare.

Opportunity: AI tools in healthcare
Real time remote monitoring solutions help in reducing hospitalization, continuously monitor health and improve quality of healthcare. Wearables and health monitoring apps can use 5G solutions to improve the efficiency and provide early diagnosis of diseases. AI tools can open plethora of opportunities to improve Healthcare utilizing 5G.

5G in Healthcare Market by Component:
Based on component, market has been segmented into hardware, services, connectivity.

5G in Healthcare Market by Application:
Based on application, the market is segmented into connected medical devices, remote patient monitoring, AR/VR, asset tracking for medical devices, connected ambulance.

5G in Healthcare Market by End User:
Based on End User, the market is segmented into healthcare providers, healthcare payers, other end users.

5G in Healthcare Market by Region:
Asia-Pacific owns the largest share of this market due to supportive government initiatives, increasing adoption of these technologies, rising number of IoT enabled medical devices and rapidly evolving network connectivity.