What is 5G in Healthcare?
The healthcare vertical globally is all set for a paradigm change with increasing adoption of devices with sensing equipment, technology, and telemedicine evolution. 5G is the fifth generation of cellular wireless technology, which can offer massive connection power and fast internet speed for data transfer. In healthcare, according to sources a USD 76 billion revenue opportunity in 2026 for operators addressing healthcare transformation with 5G. For transformation to succeed, a collaboration between different players is essential.
The market study is broken down by Type (Data Transmission, Wearable Devices, Telediagnosis, Telemonitoring, Telerobotic Surgery and Others), by Application (Home Healthcare, Remote Medicine and Emergency Care, Healthcare Training, Therapeutic and Rehabilitative) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. Powerful players in the healthcare industry have turned their attention to internet infrastructure in recent years, arguing that connectivity has become integral to healthcare access. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global 5G in Healthcare market throughout the predicted period.
Capsule Technologies (United States), Ericsson (Sweden), Huawei Technologies (China), Intel Corp (United States), Samsung Electronics (South Korea), AT&T (United States) and Verizon (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global 5G in Healthcare market by Type, Application and Region.
On the basis of geography, the market of 5G in Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Hospitals will boost the 5G in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 6th May 2019, Ericsson and partners demonstrate 5G-based healthcare cooperation
- The Growing demand for real-time information
- The Rise in Demand due to 5G will finally bring telemedicine into the healthcare Internet of Things
- The Increasing Demand for the Smart wearables
- The Rising Adoption of the 5G in Healthcare due to Emergency Medical Services
- Secure online consultations and remote procedures like robotic surgery will improve resource efficiency and meet consumer demands for greater convenience and freedom of choice. This technological transformation of the healthcare sector offers numerous opportunities.
- The Growing concern related to Data Privacy and Security
- The Concern Regarding the Connectivity
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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