5G in Healthcare Market Definition
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 splits.
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 United States Players 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 ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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