5G in Healthcare Market Size, Deep Analysis, Growth Statistics, Share, Trends And Forecast To 2033

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.

Market Overview -
5G in healthcare refers to providing the fifth generation of broadband or cellular technology (i.e., 5G) designed to dramatically improve the speed and responsiveness of wireless networks for various healthcare uses.

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Telehealth Boom Drives 5G In Healthcare Market Growth As Connectivity Becomes Critical For Remote Healthcare Services
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.

Competitive Landscape -
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.

5G Revolutionizes Healthcare With Technological Advancements
Technological advancement is a key trend gaining popularity in the 5G in the healthcare market. Technological advancements include the use of the 5G network in healthcare to test and bring a new solution that can improve and transform patient care. Major companies operating in the 5G in the healthcare market are focused on developing innovative technologies to strengthen their market position. For instance, in November 2021, Enovacom, a France-based healthcare subsidiary of Orange announced the launch of the Enovacom Patient Link solution to speed up the digitalization of the patient journey. The solution is an application that some medical institutions use to improve the connection with their patients during administrative and medical processes. It centralizes and leverages healthcare data securely in a single application, making it easier for medical facilities to manage patient data.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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