5G in HealTH*Care Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the 5G in HealTH*Care Market Size By 2025?
Recent years have seen an exponential growth in the market size of 5G in healTH*Care. It is projected to expand from $1.03 billion in 2024 to $1.66 billion in 2025, experiencing a compound annual growth rate (CAGR) of 61.5%. Factors such as high-speed data transmission, reduced latency, and enhanced network capacity are accredited for the growth during the historic period.

How Big Is the 5G in HealTH*Care Market Size Expected to Grow by 2029?
The healTH*Care market's size involving 5G is projected to experience substantial expansion in the upcoming years, mushrooming to $12.19 billion by 2029 with an impressive compound annual growth rate (CAGR) of 64.7%. The projected growth during the forecast period can be attributed to several factors such as higher healTH*Care spending, a rise in chronic illnesses, greater internet penetration, and an increased number of smartphone users. The future trends driving this growth are anticipated to be the application of artificial intelligence and machine learning, the proliferation of the Internet of Things in healTH*Care, utilization of AR and VR for medical training, the incorporation of edge computing, advances in telemedicine, and remote monitoring technology.

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Which Key Market Drivers Powering 5G in HealTH*Care Market Expansion and Growth?
The growth of the 5G market within the healTH*Care sector is getting a major boost from the increasing adoption of telehealth. Telehealth involves using digital gadgets and communication technologies such as mobile devices and computers to obtain remote healTH*Care services and manage patients' health. Benefits of telehealth include better access to healTH*Care providers and medical experts, provision of services to individuals with mobility or transportation limitations, enhanced coordination and communication between patients and healTH*Care professionals, and facilitating self-directed health management. Telehealth leverages the use of 5G technology to ensure quick healTH*Care services delivery. For example, the National Health Statistics Report, published by the US-based federal agency, the Centers for Disease Control and Prevention, revealed in June 2024 that there was a rise in the usage of telemedicine among adults aged 18-29 years to 29.4% and 43.3% for those aged 65 years and above in 2021. Moreover, the use of telemedicine was higher among adults aged 30 and above in 2022 compared to the younger age group.

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Which Fast-Growing Trends Are Poised to Disrupt the 5G in HealTH*Care Market?
The integration of 5G technology in healTH*Care to pilot and implement fresh solutions for improved patient care is a notable advancement. Key players in the 5G healTH*Care industry are dedicated to creating inventive technologies to bolster their market. In November 2023, for example, The Infocomm Media Development Authority (IMDA) of Singapore announced its partnership with the National University Health System (NUHS), Republic Power Pte. Ltd., ST Engineering, and DB Schenker, a logistics firm based in Germany, to introduce 5G-powered "Medbots." These cutting-edge booths allow for remote health screenings and video consultations, considerably boosting accessibility and efficiency in the healTH*Care sector. Additionally, the Medbots are fitted with approved medical apparatuses for thorough patient pre-screening. This enables individuals to have basic health checkups without having to visit a clinic.

What Are the Emerging Segments in the 5G in HealTH*Care Market?
The 5G in healTH*Care 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: HealTH*Care Providers, HealTH*Care Payers, Other End Users

Subsegments:
1) By Data Transmission: Real-Time Data Streaming, Remote Data Access, Cloud-Based Data Storage,
2) By Wearable Devices: Fitness Trackers, Smartwatches, Health Monitoring Devices,
3) By Telediagnosis: Virtual Consultations, Remote Imaging Services, AI-based Diagnostic Tools,
4) By Telemonitoring: Remote Patient Monitoring Systems, Continuous Glucose Monitoring, Cardiac Monitoring Devices,
5) By Telerobotic Surgery: Surgical Robots, Robotic-Assisted Surgical Systems,
6) By Other Types: Mobile Health Applications, Augmented Reality (AR) For Training, Emergency Response Solutions.

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Who Are the Global Leaders in the 5G in HealTH*Care Market?
Major companies operating in the 5G in healTH*Care market include 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., Siemens Healthineers AG, Telit Communications Ltd., BT Group plc, NTT Docomo Inc., Doximity Inc.

Which are the Top Profitable Regional Markets for the 5G in HealTH*Care Industry?
Asia-Pacific was the largest region in the 5G in healTH*Care market in 2024, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the 5G in healTH*Care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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