Press release
Emerging Trends to Drive Fifth Generation (5G) Technology In Telehealth Market Growth at 23.1% CAGR Through 2029
Fifth Generation 5G Technology In Telehealth
Fifth Generation (5G) Technology In Telehealth Market Size Growth Forecast: What to Expect by 2025?
The telehealth market size utilizing fifth-generation (5G) technology has seen remarkable growth recently. The market is predicted to expand from $2.44 billion in 2024 to $3.01 billion in 2025, displaying a compound annual growth rate (CAGR) of 23.4%. This substantial growth during the historic period is due to increased dependence on international medical expertise, rising utilization of mobile-aided diagnostic imaging, a surge in patient inclination for non-contact health services, the heightened inclusion of wearable sensors for monitoring chronic diseases, and the escalating significance of constant healthcare during natural catastrophes.
How Will the Fifth Generation (5G) Technology In Telehealth Market Size Evolve and Grow by 2029?
The telehealth market size of the fifth-generation (5G) technology is predicted to undergo substantial growth in the upcoming years, ballooning to $6.91 billion in 2029, with a compound annual growth rate (CAGR) of 23.1%. The anticipated growth in this period can be ascribed to the escalating need for remote patient monitoring, increased acceptance of virtual consultations, a surge in digital healthcare, growing necessity for instantaneous data transmission in healthcare, and supportive government policies for telehealth infrastructure. Significant trends for this period comprise improvements in AI-enabled telehealth platforms, extensive usage of edge computing for securing healthcare data, developments in immersive virtual reality for patient care, integration of blockchain for confidential medical records, and enhancements in robotics-assisted remote surgeries.
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What Drivers Are Propelling the Growth of Fifth Generation (5G) Technology In Telehealth Market Forward?
The surge in the need for remote healthcare services is set to fuel the expansion of the fifth generation (5G) technology in the telehealth market. This remote healthcare involves the provision of clinical health care to patients via digital communication technologies, eliminating the need for physical office visits. Its popularity is increasing because of the enhanced accessibility and comfort it offers, especially for patients in remote areas or with mobility issues who can now obtain specialty medical attention without any geographical barriers. The fifth generation (5G) technology in telehealth boosts remote healthcare by offering ultra-high-speed, low-delay connectivity that allows real-time patient tracking, top-quality virtual meetings, and smooth data transfer, thereby enhancing the access, quality, and promptness of care, regardless of where the patient is. For example, in August 2023, Vivalink, an American healthcare technology firm, reported that a recent survey revealed that clinical use of remote patient monitoring (RPM) had increased to 81%, a 305% surge compared to 20% in 2021. Additionally, 84% of the current RPM users intend to increase their usage of the technology in 2024. As a result, the escalating demand for remote healthcare services is driving the development of the fifth generation (5G) technology in the telehealth market.
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Which Emerging Trends Are Transforming the Fifth Generation (5G) Technology In Telehealth Market in 2025?
Leading businesses engaged in the telehealth sector using fifth-generation (5G) technology are turning to inventive solutions like drone-powered medicine delivery. This approach aids in providing reliable, swift, and remote access to medical services by using drones to ferry medicinal products, vaccines, or medical necessities to secluded or inaccessible locations. As an example, in April 2023, telecommunications corporation M1 Limited, based out of Singapore, collaborated with Singapore's healthcare service provider, Fullerton Health Group, to initiate a 5G-powered telemedicine service for marine workers. The project features a live teleconsultation with healthcare specialists based on the shore, using 5G-enabled drones that deliver medicines right to the seafaring vessels. This method guarantees expedient and effective healthcare access for marine employees. The service caters not just to onboard seafarers but also land-based employees of shipping enterprises as long as they have 5G network coverage. Apart from increasing the medical accessibility for people living in isolated or unreachable areas, this innovation amplifies the disruptive capacity of 5G technology to overhaul the delivery of healthcare, boost safety measures, and protect the health of workers crucial for international trade and supply networks.
What Are the Key Segments in the Fifth Generation (5G) Technology In Telehealth Market?
The fifth generation (5G) technology in telehealth market covered in this report is segmented as
1) By Component: Hardware , Software , Services
2) By Connectivity Type: Device Connectivity, ??Network Connectivity
3) By Application: Remote Patient Monitoring , Real-Time Consultation , Telemedicine , Mobile Health , Other Applications
4) By End-User: Hospitals , Clinics , Homecare , Other End-Users
Subsegments:
1) By Hardware: Network Equipment, Communication Devices, Sensors, Wearable Devices, Edge Devices
2) By Software: Telemedicine Platforms, Remote Patient Monitoring Software, Data Analytics Software, Security Software, Cloud Management Software
3) By Services: Network Deployment Services, Integration Services, Maintenance And Support Services, Consulting Services, Training And Education Services
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Who Are the Key Players Shaping the Fifth Generation (5G) Technology In Telehealth Market's Competitive Landscape?
Major companies operating in the fifth generation (5g) technology in telehealth market are Verizon Communications Inc., AT&T Inc., Huawei Technologies Co. Ltd., Nippon Telegraph and Telephone Corporation, T-Mobile US Inc., Cisco Systems Inc., Intel Corporation, Vodafone Group Plc, Qualcomm Technologies Inc., BT Group plc, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Siemens Healthineers AG, GE HealthCare Technologies Inc., ZTE Corporation, M1 Limited, GlobalMed Holdings LLC, Visionable Limited, Telit Communications Limited.
What Geographic Markets Are Powering Growth in the Fifth Generation (5G) Technology In Telehealth Market?
North America was the largest region in the fifth generation (5G) technology in telehealth market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in fifth generation (5G) technology in telehealth report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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