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Edge Computing in Healthcare Market by Component (Hardware, Software, Services), Application (Diagnostics, Robotic Surgery, Telehealth, RPM, and Ambulances), End User (Hospitals, Clinics, Ambulatory Care Center), & Region - Global Forecast to 2028

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    Report

  • 228 Pages
  • May 2023
  • Region: Global
  • Markets and Markets
  • ID: 5797677
Description Jump to:

Edge computing in the healthcare market is anticipated to grow from an estimated USD 4.1 billion in 2022 to USD 12.9 billion in 2028, at a CAGR of 26.1% during the forecast period.

Edge computing is gaining popularity across industries as there is a rise in the number of devices, which has increased the demand for high-bandwidth applications with the growing use of internet services. Edge computing is rapidly gaining acceptance worldwide by healthcare organizations due to various benefits, including low latency, traffic distribution, increased reliability, and reduced costs

Hardware: The hardware segment is estimated to account for the largest market share in 2022

The high market share by hardware is owed to the high-scale deployment of edge hardware by healthcare organizations to achieve high performance, scale, and flexibility. Vendors in the market offer comprehensive edge hardware (edge systems for computing, storage, and networking) and hardware components (computing systems, gateways/routers, servers, and physical data centers) that complete the entire edge infrastructure. Edge hardware act as a backbone to establish communication and connection for enabling core edge functions, such as collection, filtering, processing, transmission, monitoring, and routing.

Telehealth & remote patient monitoring application account for the largest market size during the forecast period

Based on application, the market is segmented into diagnosis, telehealth & remote patient monitoring, robotic surgery, ambulances, and other applications. Telehealth and remote patient monitoring is expected to hold the largest market size during the forecast period. By leveraging edge computing, telehealth providers can offer a more seamless and integrated patient experience, improving patient engagement and satisfaction. Patients can receive remote consultations with healthcare professionals, access medical records, and monitor their own health and wellness using wearable devices, all from the comfort of their own homes 

Europe accounted for the second-largest share in edge computing in the healthcare market during the forecast period

North America is expected to hold the largest market size in the edge computing market, followed by Europe, due to the presence of plenty of edge computing vendors, early technological adoption of smart technologies, rising strategic partnerships, and demand for workload-centric IT infrastructure. Various government initiatives and imminent needs among European and North American enterprises to handle data present a strong opportunity for edge computing vendors to expand locally. The adoption of edge computing solutions is increasing in Asia Pacific and Latin America due to the growing deployment of cloud-based services, the need for improving network connectivity, the rise in technology assimilation, and the increasing awareness of the benefits of edge computing.

The break of primary participants was as mentioned below:

  • By Company Type - Tier 1-40%, Tier 2-35%, and Tier 3-25%
  • By Designation - C-level-35%, Director-level-40%, Others-25%
  • By Region - North America-42%, Europe-25%, Asia Pacific-18%, and Rest of the World-15%

Key Players in the Edge Computing in Healthcare Market

The key players operating in the edge computing in the healthcare market include CISCO Systems, Inc. (US), HUAWEI Technologies Co. Ltd (China), Dell Technologies, Inc. (US), Amazon Web Services (US), Google, Inc. (US), Microsoft Corporation (US), Intel Corporation (US), General Electric Digital (US), Hewlett Packard Enterprise Company (US), VMware, Inc. (US), Nokia Corporation (Finland), NVIDIA Corporation (US), Capgemini (France), Saguna Networks Ltd. (Isreal), Fastly, Inc. (US), StackPath, LLC (US), ADLINK Technology, Inc. (Taiwan), Digi International, Inc. (US), Sierra Wireless (A Semtech Company) (Canada), Juniper Networks, Inc. (US), EdgeConneX, Inc. (US), ClearBlade, Inc. (US) and EdgeIQ (US).

Research Coverage:

The report analyzes edge computing in the healthcare market and aims at estimating the market size and future growth potential of this market based on various segments such as component, application, end user, and region. The report also includes a product portfolio matrix of various edge computing in healthcare hardware, software, & services available in the market. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies. 

Reasons to Buy the Report 

The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a more significant share of the market. Firms purchasing the report could use one or any combination of the below-mentioned strategies to strengthen their position in the market.

This report provides insights into the following pointers:

  • Market Penetration: Comprehensive information on product portfolios offered by the top players in the global edge computing in healthcare market. The report analyzes this market by product & service and end user.
  • Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global edge computing in healthcare market
  • Market Development: Comprehensive information on the lucrative emerging markets by products & services and end user
  • Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global edge computing in healthcare market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, competitive leadership mapping, and capabilities of leading players in the global edge computing in healthcare market. 

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.4 Market Scope
1.4.1 Market Segmentation
1.4.2 Regional Scope
1.5 Years Considered
1.6 Currency Considered
1.7 Limitations
1.8 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakdown and Data Triangulation
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Impact of Recession
2.6 Risk Assessment
2.7 Limitations

3 Executive Summary
4 Premium Insights
1 Attractive Opportunities for Players in Edge Computing in Healthcare Market
1 Market, by Region
1 North America: Market, by End-User and Country, 2022
1 Market, by Component
1 Market, by End-User
1 Market, by Application

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Adoption of IoT Medical Devices
5.2.1.2 Exponentially Increasing Network Traffic and Volume of Healthcare Data
5.2.1.3 Rising Need to Curtail Healthcare Costs
5.2.1.4 Rising Demand for Low-Latency Processing and Real-Time, Automated Decision-Making Solutions
5.2.2 Restraints
5.2.2.1 High Capex and Opex Associated with Edge Computing Systems
5.2.2.2 Interoperability Challenges Related to Edge Computing Across Different Healthcare Systems
5.2.3 Opportunities
5.2.3.1 Advent of 5G Network
5.2.4 Challenges
5.2.4.1 Complexities in Integrating Edge Computing Systems with Existing Cloud Architecture
5.2.4.2 Susceptibility to Cyberattacks and Limited Authentication Capabilities of Edge Computing Architecture

6 Industry Trends
6.1 Introduction
6.2 Overview of Key Industry Trends
6.3 Case Study Analysis
6.3.1 Sentara Improved Response Time with Dell's Edge Computing Solutions
6.3.2 Red Hat Helped Hca Healthcare Improve Sepsis Diagnosis
6.3.3 Ai-Assisted Home-Based Patient Monitoring Facilitated by Biobeat During COVID-19
6.3.4 Zella Dc Facilitated Home-Based Patient Monitoring for Centers for Disease Control and Prevention (Cdc)
6.4 Ecosystem Analysis
6.5 Pricing Analysis
6.6 Patent Analysis
6.6.1 Patent Publication Trends for Edge Computing in Healthcare Market
6.6.2 Jurisdiction and Top Applicant Analysis
6.7 Technology Analysis
6.7.1 Artificial Intelligence and Machine Learning
6.7.2 5G
6.7.3 Internet of Things (Iot)
6.7.4 Augmented Reality (Ar) and Virtual Reality (Vr)
6.7.5 System Architecture for Healthcare Edge Computing Solutions
6.8 Supply Chain Analysis
6.9 Key Stakeholders and Buying Criteria
6.9.1 Key Stakeholders in Buying Process
6.9.2 Buying Criteria
6.10 Key Conferences & Events, 2023-2024
6.11 Porter's Five Forces Analysis
6.11.1 Threat of New Entrants
6.11.2 Threat of Substitutes
6.11.3 Bargaining Power of Suppliers
6.11.4 Bargaining Power of Buyers
6.11.5 Intensity of Competitive Rivalry
6.12 Regulatory Landscape
6.12.1 North America
6.12.2 Europe
6.12.3 Asia-Pacific
6.12.4 Middle East and South Africa
6.12.5 Latin America
6.13 Trends/Disruptions Impacting Customer Business

7 Edge Computing in Healthcare Market, by Component
7.1 Introduction
7.2 Hardware
7.2.1 Refer to Physical Components Required to Run Applications
7.3 Software
7.3.1 Enhance Computing Capabilities of Edge Devices and Data Centers
7.4 Services
7.4.1 Include Consulting, Product Support, Integration, Updates, and Maintenance of Integrated Edge Devices and Solutions

8 Edge Computing in Healthcare Market, by Application
8.1 Introduction
8.2 Diagnostics
8.2.1 Growing Adoption of Telehealth Services and Remote Patient Monitoring Technologies to Augment Market Growth
8.3 Robotic Surgery
8.3.1 Increasing Adoption of Edge Ai in Robotic Surgeries to Propel Market Growth
8.4 Telehealth & Remote Patient Monitoring
8.4.1 Increasing Use of Integrated Wearables and Penetration of Medical IoT Devices to Support Market Growth
8.5 Ambulances
8.5.1 Rising Focus on Minimizing Response Times in Emergency Situations to Lead to Adoption of Edge Computing in Ambulances
8.6 Other Applications

9 Edge Computing in Healthcare Market, by End-User
9.1 Introduction
9.2 Hospitals & Clinics
9.2.1 Adoption of Telehealth Services and Remote Patient Monitoring Technologies to Augment Market Growth
9.3 Long-Term Care Centers and Home Care Settings
9.3.1 Rise in Global Geriatric Population Requiring Long-Term Care to Support Market Growth
9.4 Ambulatory Care Centres
9.4.1 Gradual Shift from Inpatient to Outpatient Care to Boost Market
9.5 Other End-Users

10 Edge Computing in Healthcare Market, by Region
10.1 Introduction
10.2 North America
10.2.1 North America: Recession Impact
10.2.2 US
10.2.3 Accounted for Largest Share of North American Market in 2022
10.2.4 Canada
10.2.5 Increasing Collaborations and Efforts to Promote Adoption of Edge Computing in Healthcare to Drive Market Growth
10.2.6 Europe
10.2.7 Europe: Recession Impact
10.2.8 UK
10.2.9 Growing Penetration of Wearables to Fuel Market Growth
10.2.10 Germany
10.2.11 Government Initiatives to Expedite Development of Digital Healthcare Ecosystem to Enhance Market Growth
10.2.12 France
10.2.13 Government's Ehealth 2022 Plan to Boost Market
10.2.14 Rest of Europe
10.2.15 Asia-Pacific
10.2.16 Asia-Pacific: Recession Impact
10.2.17 Japan
10.2.18 Introduction of Cutting-Edge Edge Healthcare Computing Technologies to Induce Market Growth
10.2.19 South Korea
10.2.20 Prevalence of Chronic Diseases to Drive Implementation of Edge Computing in Healthcare
10.2.21 Rest of Asia-Pacific
10.2.22 Rest of the World
10.2.23 Rest of the World: Recession Impact
10.2.24 Competitive Landscape
10.3 Introduction
10.4 Key Player Strategies
10.5 Revenue Analysis of Top Market Players, 2022
10.6 Market Share Analysis, 2022
10.7 Competitive Benchmarking
10.8 Company Evaluation Quadrant
10.8.1 Stars
10.8.2 Pervasive Players
10.8.3 Emerging Leaders
10.8.4 Participants
10.9 Start-Ups/Smes Evaluation Quadrant
10.9.1 Progressive Companies
10.9.2 Dynamic Companies
10.9.3 Starting Blocks
10.9.4 Responsive Companies
10.10 Competitive Scenarios and Trends
10.10.1 Product/Service Launches
10.10.2 Deals

11 Company Profiles
11.1 Key Players
11.1.1 Cisco Systems, Inc.
11.1.1.1 Business Overview
11.1.1.2 Products & Services Offered
11.1.1.3 Recent Developments
11.1.1.3.1 Deals
11.1.1.4 Analyst's View
11.1.1.4.1 Right to Win
11.1.1.4.2 Strategic Choices
11.1.1.4.3 Weakness and Competitive Threats
11.1.2 Huawei Technologies Co. Ltd
11.1.2.1 Business Overview
11.1.2.2 Products & Services Offered
11.1.2.3 Recent Developments
11.1.2.3.1 Deals
11.1.2.4 Analyst's View
11.1.2.4.1 Right to Win
11.1.2.4.2 Strategic Choices
11.1.2.4.3 Weakness and Competitive Threats
11.1.3 Dell Technologies, Inc.
11.1.3.1 Business Overview
11.1.3.2 Products & Services Offered
11.1.3.3 Recent Developments
11.1.3.3.1 Product Launches
11.1.3.3.2 Deals
11.1.3.4 Analyst's View
11.1.3.4.1 Right to Win
11.1.3.4.2 Strategic Choices
11.1.3.4.3 Weakness and Competitive Threats
11.1.4 Amazon Web Services
11.1.4.1 Business Overview
11.1.4.2 Products & Services Offered
11.1.4.3 Recent Developments
11.1.4.3.1 Product Launches
11.1.4.3.2 Deals
11.1.4.4 Analyst's View
11.1.4.4.1 Right to Win
11.1.4.4.2 Strategic Choices
11.1.4.4.3 Weakness and Competitive Threats
11.1.5 Google, Inc.
11.1.5.1 Business Overview
11.1.5.2 Products & Services Offered
11.1.5.3 Recent Developments
11.1.5.3.1 Deals
11.1.5.4 Analyst's View
11.1.5.4.1 Right to Win
11.1.5.4.2 Strategic Choices
11.1.5.4.3 Weakness and Competitive Threats
11.1.6 Microsoft Corporation
11.1.6.1 Business Overview
11.1.6.2 Products & Services Offered
11.1.6.3 Recent Developments
11.1.6.3.1 Product Launches
11.1.6.3.2 Deals
11.1.7 Intel Corporation
11.1.7.1 Business Overview
11.1.7.2 Products & Services Offered
11.1.7.3 Recent Developments
11.1.7.3.1 Product Launches
11.1.7.3.2 Deals
11.1.8 General Electric Digital
11.1.8.1 Business Overview
11.1.8.2 Products & Services Offered
11.1.9 Hewlett Packard Enterprise Company
11.1.9.1 Business Overview
11.1.9.2 Products & Services Offered
11.1.9.3 Recent Developments
11.1.9.3.1 Product Launches
11.1.9.3.2 Deals
11.1.10 Vmware, Inc.
11.1.10.1 Business Overview
11.1.10.2 Products & Services Offered
11.1.10.3 Recent Developments
11.1.10.3.1 Deals
11.1.11 Nokia
11.1.11.1 Business Overview
11.1.11.2 Products & Services Offered
11.1.11.3 Recent Developments
11.1.11.3.1 Deals
11.1.12 Nvidia Corporation
11.1.12.1 Business Overview
11.1.12.2 Products & Services Offered
11.1.12.3 Recent Developments
11.1.12.3.1 Product Launches
11.1.12.3.2 Deals
11.1.13 Capgemini
11.1.13.1 Business Overview
11.1.13.2 Products & Services Offered
11.1.13.3 Recent Developments
11.1.13.3.1 Deals
11.1.13.3.2 Others
11.1.14 Iei Integration Corporation
11.1.14.1 Business Overview
11.1.14.2 Products & Services Offered
11.1.14.3 Recent Developments
11.1.14.3.1 Deals
11.1.15 Advantech Co. Ltd.
11.1.15.1 Business Overview
11.1.15.2 Products & Services Offered
11.1.15.3 Recent Developments
11.1.15.3.1 Product Launches
11.1.15.3.2 Deals
11.2 Other Players
11.2.1 Saguna Networks Ltd.
11.2.2 Fastly, Inc.
11.2.3 Stackpath, LLC
11.2.4 Adlink Technology, Inc.
11.2.5 Digi International, Inc.
11.2.6 Sierra Wireless (A Semtech Company)
11.2.7 Juniper Networks, Inc.
11.2.8 Edgeconnex, Inc.
11.2.9 Clearblade, Inc.
11.2.10 Edgeiq

12 Appendix
12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options

Executive Summary

Companies Mentioned

  • Adlink Technology, Inc.
  • Advantech Co. Ltd.
  • Amazon Web Services
  • Capgemini
  • Cisco Systems, Inc.
  • Clearblade, Inc.
  • Dell Technologies, Inc.
  • Digi International, Inc.
  • Edgeconnex, Inc.
  • Edgeiq
  • Fastly, Inc.
  • General Electric Digital
  • Google, Inc.
  • Hewlett Packard Enterprise Company
  • Huawei Technologies Co. Ltd
  • Iei Integration Corporation
  • Intel Corporation
  • Juniper Networks, Inc.
  • Microsoft Corporation
  • Nokia
  • Nvidia Corporation
  • Saguna Networks Ltd.
  • Sierra Wireless (A Semtech Company)
  • Stackpath, LLC
  • Vmware, Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages228
PublishedMay 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 4.1 Billion
Forecasted Market Value ( USD ) by 2028 $ 12.9 Billion
Compound Annual Growth Rate26.1%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Telecommunications and Computing Market

Healthcare Edge Computing is a form of computing that enables data processing and analytics to be performed at the edge of a network, rather than in a centralized data center. This type of computing is becoming increasingly important in healthcare, as it allows for faster and more secure data processing and analytics. Edge computing also enables healthcare providers to access data and analytics in real-time, allowing for more efficient and effective decision-making. Additionally, edge computing can reduce the amount of data that needs to be sent to a centralized data center, reducing the cost of data storage and transmission. Edge computing is also beneficial for healthcare providers in terms of privacy and security. By processing data at the edge of the network, healthcare providers can ensure that sensitive patient data is not exposed to potential security threats. Companies in the healthcare edge computing market include Microsoft, IBM, Google, Amazon Web Services, and Oracle. Show Less Read more

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