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Edge Computing In Healthcare Market Set to Reach $13 Billion by 2029 with 22.7% Yearly Growth
Edge Computing In Healthcare
The expansion of telehealth services is expected to boost the edge computing in healthcare market. Telehealth refers to the remote delivery of healthcare services using digital technologies. As telehealth services grow in popularity, the need for edge computing to process data in real-time and enhance the efficiency of these services also rises. For example, by 2022, 74.4% of physicians in the U.S. were offering telehealth services, and 54.9% used it for managing chronic diseases. As a result, the increase in telehealth services is driving the edge computing market in healthcare.
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What growth opportunities are expected to drive the edge computing in healthcare market's CAGR through 2034?
The edge computing in healthcare market has grown significantly, with projections for it to increase from $4.67 billion in 2024 to $5.74 billion in 2025, reflecting a CAGR of 23.0%. This growth is driven by the rise of telemedicine, increasing concerns over data privacy, the need for real-time data processing, the growth of wearable health devices, and advancements in 5G networks.
The edge computing in healthcare market is set to grow exponentially, reaching $13 billion by 2029 with a CAGR of 22.7%. This growth is driven by factors such as disaster recovery, the rise of wearable health tech, cost efficiency in healthcare, regulatory requirements for data localization, and the expansion of virtual healthcare services. Trends include the integration of AI and machine learning, the growth of the internet of medical things, edge-to-cloud systems, virtual and augmented reality applications, and product innovations.
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What are the emerging trends shaping the future of the edge computing in healthcare market?
In the edge computing healthcare market, companies are creating AI computing platforms to enhance real-time data analysis and improve patient care. For example, in September 2022, Nvidia Corporation, a US-based tech company, launched the NVIDIA IGX platform. This industrial-grade edge AI platform is tailored for healthcare, improving safety and precision in medical devices and enhancing collaboration between humans and machines in healthcare settings, such as robotic-assisted surgeries.
Which growth-oriented segments of the edge computing in healthcare market are leading the industry's development?
The edge computing in healthcare market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Application: Telehealth And Remote Patient Monitoring, Diagnostics, Robotic Surgery, Ambulances, Other Applications
3) By End User: Hospitals And Clinics, Long-Term Care Centers And Home Care Settings, Ambulatory Care Centers, Other End-Users
Subsegments:
1) By Hardware: Edge Servers, Gateways And Routers, Edge Devices, Storage Solutions
2) By Software: Edge Management Software, Analytics And Data Processing Software, Security Software, Application Software For Real-Time Healthcare Data
3) By Services: Deployment And Integration Services, Consulting and Advisory Services, Managed Services, Maintenance And Support Services
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What regions are leading the charge in the edge computing in healthcare market?
North America was the largest region in the edge computing in healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edge computing in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the edge computing in healthcare market?
Major companies operating in the edge computing in healthcare market are Google LLC, Samsung Electronics Co., Microsoft Corporation, Verizon Communications Inc., Dell Technologies Inc., Amazon Web Services (AWS) Inc., Lenovo Group Limited, General Electric Company, Intel Corporation, IBM Corporation, Cisco Systems Inc., Qualcomm Incorporated, Hewlett Packard Enterprise Company, Fujitsu Limited, NVIDIA Corporation, Nokia Corporation, Siemens Healthineers AG, Koninklijke Philips NV, VMware Inc., Advantech Co. Ltd., Aruba Networks Inc., ADLINK Technology Inc., Huawei Technologies Co. Ltd., Litmus Automation Inc., Veea Inc., FogHorn Systems Pvt Ltd.
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What Is Covered In The Edge Computing In Healthcare Global Market Report?
•Market Size Forecast: Examine the edge computing in healthcare market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the edge computing in healthcare market for a structured understanding.
•Key Players Overview: Analyze major players in the edge computing in healthcare market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the edge computing in healthcare market.
•Segment Contributions: Evaluate how different segments drive overall growth in the edge computing in healthcare market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the edge computing in healthcare market.
•Industry Challenges: Identify potential risks and obstacles affecting the edge computing in healthcare market.
•Competitive Landscape: Review strategic developments in the edge computing in healthcare market, including expansions, agreements, and new product launches.
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