The "Global 5G Infrastructure in Healthcare Market, By Component, By Application, By End User, & By Region - Forecast and Analysis 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.
The Global 5G Infrastructure in Healthcare Market was valued at USD 232.15 Million in 2021, and it is expected to reach a value of USD 13273.19 Million by 2028, at a CAGR of more than 78.25% over the forecast period (2022 - 2028).
The rising usage of telehealth and robotics surgery as a result of COVID-19, as well as the rising acceptance of 5G-enabled wearable medical devices for real-time remote patient monitoring, are driving the growth of this market. Other important reasons driving the growth of this market are the potential of 5G technology to send big patient data files fast, improvements in communications, and the availability of low-cost sensors. However, the expensive cost of deploying a 5G network is projected to limit the market's development.
Top-down and bottom-up approaches were used to estimate and validate the size of the global 5G infrastructure in healthcare market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research.
This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
- For many years, ICT and medical knowledge have been a potent mix for improving patient care. Remote diagnostics and robotic-assisted surgery are widely utilized across the world, and the rapid evolution of ICT implies that even more possibilities for these treatments are becoming a reality. Another field that might benefit from such advancements is robotic-assisted laser surgery. Doctors may now execute difficult surgeries with greater accuracy and flexibility while minimizing the invasiveness of the procedure thanks to the use of a machine. This is made possible by 5G technology, which has aided in software advancements and the smooth transfer of information. Many telecommunications behemoths are implementing this technology to improve their healthcare systems.
- The high production cost of 5G infrastructure in healthcare is a major restraining factor for 5G in healthcare. Various emerging and undeveloped nations lack a solid economy, which is a key impediment to the growth of the 5G in the Healthcare Market.
- The move from 4G to 5G technologies will necessitate significant expenditure. The cost of 5G infrastructure is highly influenced by the needed throughput density, the periodic interest rate, and the price of base stations. Reduced costs are critical for effective and ultra-dense small cell installations. The challenge for CSPs in transitioning to 5G is justifying the multibillion-dollar investments in new network equipment required to transform their network to a virtualized infrastructure, migrate services from 3G and 4G to 5G, and protect their business from the ever-increasing risks of disruptions and cyber threats.
Key Market Trends
- Wearable devices, secure online consultations, and remote operations such as robotic surgery will improve resource efficiency while meeting client demands for greater convenience and freedom of choice. This technical advancement in the healthcare business opens several opportunities for telecom carriers to enter new value chains and form relationships that benefit the whole ecosystem.
- 5G-connected wearables can potentially benefit healthcare payers, whether they be commercial insurance companies or the government. Payers have significant financial incentives to keep their individual customers healthy and to detect medical issues early so that they may be handled before the situation necessitates massive and costly diagnostic procedures and treatments. Extending the use of wearable monitoring technology to more diabetics or individuals at risk of cardiac difficulties, for example, might save lives, enhance general population health, and considerably reduce payer outlays.
- China Mobile Limited
- Deutsche Telekom AG
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