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5G in Healthcare Market Analysis

Report ID: GMI5317
Published Date: Aug 2022
Report Format: PDF

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5G in Healthcare Market Analysis

Global 5G in Healthcare Market Share, By Offering,

The hardware segment is projected to surpass USD 47 billion by 2030. Hardware devices that use 5G solutions enable seamless digitization of healthcare processes. It fueled the use of 5G connectivity. Some examples of 5G hardware include 5G small cells, Wi-Fi, and network equipment. 5G technology in hardware devices is used in areas such as data transmission, telediagnosis, wearable devices, and telerobotic surgery, among others.

Global 5G in Healthcare Market, By End-use,

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The healthcare provider segment is predicted to exceed USD 60 billion by 2030. The asset tracking systems are integrated with 5G technology that deliver innovative features. These include quick and easy access to medical equipment in real-time, reduced procurement costs, improved inventory management, and enhanced accuracy for healthcare providers.

Global 5G in Healthcare Market, By Region,

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The North America 5G in healthcare market size will surpass USD 17 billion by 2030. Numerous variables, such as rising prevalence of coronary artery diseases (CAD), rapidly aging population, and novel product launches by key market players are contributing to the regional industry expansion. Increasing awareness regarding the benefits of introducing 5G technology in healthcare products and services will accelerate the technology deployment.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The global market for 5G in healthcare exceeded USD 2.5 billion in 2021 and is anticipated to register more than 35% CAGR during 2022-2030.

The virtual consultation segment was valued at more than USD 1 billion in 2021 and will expand further, as the WHO encouraged medical institutes to conduct online sessions and use telemedicine as a primary practice to overcome the challenges associated with the COVID-19 pandemic.

The North America industry size will surpass USD 17 billion by 2030 due to factors such as rising prevalence of coronary artery diseases (CAD), rapidly aging population, and novel product launches across the region.

Some of the leading players in the market include AT&T Inc., Verizon Communications, NEC Corporation, Cisco Systems, Inc., SK Telecom Co., Ltd., Qualcomm, Ericsson, Nokia Corporation, Huawei Technologies Co., Ltd., China Mobile Limited, and Samsung Electronics Co., Ltd., among several others.