5G In Healthcare Market Was Valued At USD 34.1 Billion In 2021 And Is Expected To Expand At A Compound Annual Growth Rate (CAGR) Of 34.5% From 2022 To 2030

The global 5G in healthcare market size was valued at USD 34.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 34.5% from 2022 to 2030.

Doctors will be able to access and exchange medical data swiftly and securely thanks to 5G's faster data transmission and better bandwidth capabilities. Doctors will be able to identify and treat patients more quickly and accurately as a result. Additionally, it will eliminate the need for patients to travel to medical facilities by enabling doctors to remotely monitor and treat their patients in real time. Advanced medical applications and gadgets, including wearable medical technology, robotic surgery, and remote healthcare monitoring, will also be made possible by 5G. As a result, patients will get better results from the diagnosis and treatments that doctors can now offer.

The report combines in-depth quantitative analysis with exhaustive qualitative analysis, ranging from a macro overview of the overall market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region. As a result, the report offers a comprehensive view of the market for 5G in healthcare and offers a thorough understanding of all of its key facets.

The market for 5G in healthcare is divided into four categories: component (hardware, services [professional services, managed services], connectivity), application (healthcare management software, remote healthcare [remote patient monitoring, virtual consultations, video-enabled prescription management], augmented reality (AR), virtual reality (VR), asset tracking for medical devices, connected medical devices, other applications), and end user (healthcare providers, healthcare payers, other). Additionally, the report assesses industry rivals and examines their regional and national market shares.

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Market Segmentation

Based upon the component used in 5G in Healthcare Market is segmented into three segments of Hardware, Services and Connectivity in the healthcare process. Based on application, the 5G in Healthcare Market is segmented into AR/VR, Virtual Consultations, Remote Patient Monitoring, Connected Medical Devices, Connected Ambulance, Home Healthcare, Telemedicine and Smart Wearables. Based on End user, the 5G in Healthcare Market is segmented into Healthcare Providers and Healthcare Payers. In this segments, the healthcare providers segment dominated the market in 2021 with a revenue share of over 60%. This attributes the increasing use of wearable medical devices with 5G technologies, rising demand for better technologies, increasing patient volume, and an increasing number of ambulatory care centers and hospitals.

By Component
• Hardware
• Services
• Connectivity

By Application
• AR/VR
• Virtual Consultations
• Remote Patient Monitoring
• Connected Medical Devices
• Connected Ambulance
• Home Healthcare
• Telemedicine
• Smart Wearables

By End User
• Healthcare Providers
• Healthcare Payers

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Moreover, to remote sensors, low-bitrates, clinical wearables, and low energy connected health monitoring devices, 5G will serve as the IoT's backbone infrastructure. Technological advancement is one of the driving factor for the growth in market. Ooredoo and Ericsson together in a joint venture developed a 5G-enabled haptic glove that empowered doctors to treat patients remotely. The glove is worn by the paramedic on the scene The 5G network is now used in healthcare tests and it develops a new solution that provides to enhance & revolutionize patient care services. Leading players in 5G market for the healthcare sector are now focused on developing innovative technologies to improve their market position. However, the healthcare sector is facing some challenges, including the high cost of drugs & therapies and a significant change in this area. The major challenge faced by healthcare systems throughout is the non-availability of fastest transmission of data.

ome of the key queries answered in this report:

• -What can we estimate about the anticipated growth rates and also the 5G in Healthcare industry size by 2030?
• -What will happen in the coming existing and emerging markets?
• -Which are the five top players within thee 5G in Healthcare market?
• -How can the 5G in Healthcare market change in the upcoming years?
• -Which product and application will take a share of the 5G in Healthcare market?
• -What will be the CAGR and size of the 5G in Healthcare market throughout the forecast period?

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