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5G In Healthcare Market Size, Share & Trends Analysis Report by Component (Hardwar, Services), by Application (Remote Patient Monitoring, Connected Medical Devices), by End-use, by Region, and Segment Forecasts, 2022-2030

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  • 90 Pages
  • August 2022
  • Region: Global
  • Grand View Research
  • ID: 5649360
Description Jump to:
The global 5G in healthcare market size is expected to reach USD 454.7 billion by 2030, based on a new report, expanding at a CAGR of 34.5% from 2022 to 2030. The IoT ecosystem is developing and is expected to enable networks to connect billions of devices. The demand for a real-time network with faster internet access and greater bandwidth has been driven by the development of modern technologies such as artificial intelligence, wired, and wireless communications, and machine learning. Moreover, the market is driven by the increasing demand for wearable medical devices incorporated with 5G technology for real-time remote patient monitoring and the rising acceptance of robotic surgery and telehealth.

The COVID-19 pandemic had a positive impact on the market owing to the adoption of telehealth and remote patient monitoring by medical professionals, medical institutions, and hospitals during the pandemic to monitor isolated COVID-19 patients and stop the further spread of the virus by monitoring patients through remote patient monitoring methods. Since the integration of several low-power devices is required for patient remote monitoring, 5G services can be effectively used to develop a proper remote monitoring infrastructure for patients. Furthermore, government bodies and hospitals made efforts to deploy 5G during the COVID-19 pandemic. For instance, in February 2020, the U.S. Veterans Affairs (VA) Healthcare System deployed 5G in the hospital to treat patients using remote patient monitoring and promote the use of telemedicine.

The key players are adopting strategies such as partnerships, mergers and acquisitions, product and service launches, agreements, joint ventures, collaborations, and expansion to strengthen their position in the market. In February 2020, China's first 5G-capable remote emergency rescue system was constructed by the Second Affiliated Hospital of Zhejiang University School of Medicine and China Mobile Zhejiang. This system consists of many supporting technologies, including VR immersive diagnosis and therapy, 5G-enabled remote ultrasonography, and a 5G-enabled emergency rescue command center.

5G In Healthcare Market Report Highlights

  • The hardware component segment held the largest revenue share of over 70.0% in 2021 owing to the need for frequent replacement or up-gradation of the devices to make optimal use of the latest technologies in the market
  • The services component segment is anticipated to expand at the fastest CAGR of 35.7% from 2022 to 2030. The growth is attributed to the need for improved mobile broadband and greater frequencies offered by 5G services
  • Based on the application, the remote patient monitoring segment accounted for the largest revenue share of over 60.0% in 2021 owing to the rising geriatric population and a rise in the demand for remote health checkups. Remote patient monitoring is critical for chronic management and efficient and proactive healthcare service
  • The connected medical devices application segment is expected to register the fastest growth rate from 2022 to 2030 owing to increased demand for medical devices by consumers for daily health tracking, the rise in demand for telehealth devices, and the increasing trend of home healthcare
  • In 2021, the healthcare providers end-use segment dominated the market with a revenue share of over 60.0% due to the growing patient volume and an increasing number of hospitals and ambulatory care centers
  • The healthcare payers end-use segment is anticipated to expand at the fastest growth rate of 35.4% over the forecast period. Payers include both public and commercial insurance companies. The growth of the segment is fueled by an increase in the number of policyholders for health insurance due to the COVID-19 pandemic
  • North America held the largest revenue share of over 35.0% in 2021 owing to the government initiatives for the deployment of 5G in healthcare and increasing penetration of 5G-enabled medical devices
  • Asia Pacific is expected to register the fastest growth rate of 36.6% from 2022 to 2030 owing to government initiatives for the deployment of 5G in healthcare. For instance, the government of India launched a special incentive scheme to support 75 startups in telemedicine and digital health in 2021


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Table of Contents

Chapter 1 Report Scope and Objectives
1.1 Market Segmentation & Scope
1.2 Regional Scope
1.2.1 Estimates And Forecast Timeline
1.3 Objectives
1.3.1 Objective - 1
1.3.2 Objective - 2
1.3.3 Objective - 3
Chapter 2 Methodology
2.1 Research Methodology
2.2 Information Procurement
2.2.1 Purchased Database
2.2.2 Internal Database
2.2.3 Secondary Sources
2.2.4 Primary Research
2.3 Information or Data Analysis
2.3.1 Data Analysis Models
2.4 Market Formulation & Validation
2.5 Model Details
2.5.1 Commodity Flow Analysis (Model 1)
2.5.2 Volume Price Analysis (Model 2)
2.6 List of Secondary Sources
Chapter 3 Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.2.1 Component
3.2.2 Application
3.2.3 End-Use
3.3 Competitive Insights
3.4 5G in Healthcare Market Outlook, 2021
Chapter 4 Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent Market Outlook
4.2 5G in Healthcare Market Dynamics
4.2.1 Market Driver Analysis
4.2.2 Market Restraint Analysis
4.3 5g In Healthcare Market: Business Environment Analysis Tools
4.3.1 Porter’s Five Forces Analysis
4.3.2 Pestel Analysis
4.3.2.1 Political & Legal
4.3.2.2 Economic & Social
4.3.2.3 Technological
4.4 Penetration & Growth Prospect Mapping
4.5 Impact of COVID-19 on 5G in Healthcare Market
Chapter 5 5G in Healthcare Market: Component Analysis
5.1 5G in Healthcare Component Market Share Analysis, 2021 & 2030
5.2 5G in Healthcare Component Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the Component Segment
5.3.1 Hardware
5.3.1.1 Hardware market, 2017 - 2030 (USD Billion)
5.3.2 Services
5.3.2.1 Services market, 2017 - 2030 (USD Billion)
Chapter 6 5G in Healthcare Market: Application Analysis
6.1 5G in Healthcare Application Market Share Analysis, 2021 & 2030
6.2 5G in Healthcare Application Market: Segment Dashboard
6.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the Application Segment
6.3.1 Remote Patient Monitoring
6.3.1.1 Remote patient monitoring market, 2017 - 2030 (USD Billion)
6.3.2 Connected Medical Devices
6.3.2.1 Connected medical devices market, 2017 - 2030 (USD Billion)
6.3.3 AR/VR
6.3.3.1 AR/VR market, 2017 - 2030 (USD Billion)
6.3.4 Connected Ambulance
6.3.4.1 Connected ambulance market, 2017 - 2030 (USD Billion)
6.3.5 Asset Tracking
6.3.5.1 Asset tracking market, 2017 - 2030 (USD Billion)
Chapter 7 5G in Healthcare Market: End-use Analysis
7.1 5G in Healthcare End-use Market Share Analysis, 2021 & 2030
7.2 5G in Healthcare End-use Market: Segment Dashboard
7.3 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the End-Use Segment
7.3.1 Healthcare Providers
7.3.1.1 Healthcare providers market, 2017 - 2030 (USD Billion)
7.3.2 Healthcare Payers
7.3.2.1 Healthcare payers market, 2017 - 2030 (USD Billion)
Chapter 8 5G in Healthcare Market: Regional Analysis
8.1 5G in Healthcare Regional Market Share Analysis, 2021 & 2030
8.2 Regional Market Snapshot
8.3 North America
8.3.1 North America 5g In Healthcare Market, 2017 - 2030 (USD Billion)
8.3.2 U.S.
8.3.2.1 U.S. 5G in healthcare market, 2017 - 2030 (USD Billion)
8.3.3 Canada
8.3.3.1 Canada 5G in healthcare market, 2017 - 2030 (USD Billion)
8.4 Europe
8.4.1 Europe 5G in healthcare market, 2017 - 2030 (USD Billion)
8.4.2 U.K.
8.4.2.1 U.K. 5G in healthcare market, 2017 - 2030 (USD Billion)
8.4.3 Germany
8.4.3.1 Germany 5G in healthcare market, 2017 - 2030 (USD Billion)
8.4.4 France
8.4.4.1 France 5G in healthcare market, 2017 - 2030 (USD Billion)
8.4.5 Italy
8.4.5.1 Italy 5G in healthcare market, 2017 - 2030 (USD Billion)
8.4.6 Spain
8.4.6.1 Spain 5G in healthcare market, 2017 - 2030 (USD Billion)
8.5 Asia Pacific
8.5.1 Asia Pacific 5g In Healthcare Market, 2017 - 2030 (USD Billion)
8.5.2 Japan
8.5.2.1 Japan 5G in healthcare market, 2017 - 2030 (USD Billion)
8.5.3 China
8.5.3.1 China 5G in healthcare market, 2017 - 2030 (USD Billion)
8.5.4 India
8.5.4.1 India 5G in healthcare market, 2017 - 2030 (USD Billion)
8.6 Latin America
8.6.1 Latin America 5g In Healthcare Market, 2017 - 2030 (USD Billion)
8.6.2 BraziL
8.6.2.1 Brazil 5G in healthcare market, 2017 - 2030 (USD Billion)
8.6.3 Mexico
8.6.3.1 Mexico 5G in healthcare market, 2017 - 2030 (USD Billion)
8.7 Middle East and Africa (MEA)
8.7.1 MEA 5g In Healthcare Market, 2017 - 2030 (USD Billion)
8.7.2 South Africa
8.7.2.1 South Africa 5G in healthcare market, 2017 - 2030 (USD Billion)
Chapter 9 Competitive Analysis
9.1 Recent Developments & Impact Analysis, By Key Market Participants
9.2 Company Profiles
9.3 Company Profiles
9.3.1 AT&T
9.3.1.1 Company overview
9.3.1.2 Financial performance
9.3.1.3 Product benchmarking
9.3.1.4 Strategic initiatives
9.3.2 VERIZON
9.3.2.1 Company overview
9.3.2.2 Financial performance
9.3.2.3 Product benchmarking
9.3.2.4 Strategic initiatives
9.3.3 CHINA MOBILE INTERNATIONAL LIMITED
9.3.3.1 Company overview
9.3.3.2 Product benchmarking
9.3.3.3 Strategic initiatives
9.3.4 QUECTEL
9.3.4.1 Company overview
9.3.4.2 Financial performance
9.3.4.3 Product benchmarking
9.3.4.4 Strategic initiatives
9.3.5 TELIT
9.3.5.1 Company overview
9.3.5.2 Financial performance
9.3.5.3 Product benchmarking
9.3.5.4 Strategic initiatives
9.3.6 TELUS
9.3.6.1 Company overview
9.3.6.2 Financial performance
9.3.6.3 Product benchmarking
9.3.7 HUAWEI
9.3.7.1 Company overview
9.3.7.2 Financial performance
9.3.7.3 Product benchmarking
9.3.7.4 Strategic initiatives
9.3.8 CISCO SYSTEMS, INC.
9.3.8.1 Company overview
9.3.8.2 Financial performance
9.3.8.3 Product benchmarking
9.3.8.4 Strategic initiatives
9.3.9 ORANGE
9.3.9.1 Company overview
9.3.9.2 Financial performance
9.3.9.3 Product benchmarking
9.3.9.4 Strategic initiatives
9.3.10 NEC CORPORATION
9.3.10.1 Company overview
9.3.10.2 Financial performance
9.3.10.3 Product benchmarking
9.3.10.4 Strategic initiatives
Chapter 10 KOL Commentary
List of Tables
Table 1 List of secondary sources
Table 2 North America 5G in healthcare market estimates and forecasts, by country, 2017 - 2030 (USD Billion)
Table 3 North America 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 4 North America 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 5 North America 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 6 U.S. 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 7 U.S. 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 8 U.S. 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 9 Canada 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 10 Canada 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 11 Canada 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 12 Europe 5G in healthcare market estimates and forecasts, by country, 2017 - 2030 (USD Billion)
Table 13 Europe 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 14 Europe 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 15 Europe 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 16 U.K. 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 17 U.K. 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 18 U.K. 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 19 Germany 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 20 Germany 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 21 Germany 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 22 France 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 23 France 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 24 France 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 25 Italy 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 26 Italy 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 27 Italy 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 28 Spain 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 29 Spain 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 30 Spain 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 31 Asia Pacific 5G in healthcare market estimates and forecasts, by country, 2017 - 2030 (USD Billion)
Table 32 Asia Pacific 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 33 Asia Pacific 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 34 Asia Pacific 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 35 Japan 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 36 Japan 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 37 Japan 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 38 China 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 39 China 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 40 China 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 41 India 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 42 India 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 43 India 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 44 Latin America 5G in healthcare market estimates and forecasts, by country, 2017 - 2030 (USD Billion)
Table 45 Latin America 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 46 Latin America 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 47 Latin America 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 48 Brazil 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 49 Brazil 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 50 Brazil 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 51 Mexico 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 52 Mexico 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 53 Mexico 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 54 MEA 5G in healthcare market estimates and forecasts, by country, 2017 - 2030 (USD Billion)
Table 55 MEA 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 56 MEA 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 57 MEA 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
Table 58 South Africa 5G in healthcare market estimates and forecasts, by component, 2017 - 2030 (USD Billion)
Table 59 South Africa 5G in healthcare market estimates and forecasts, by application, 2017 - 2030 (USD Billion)
Table 60 South Africa 5G in healthcare market estimates and forecasts, by end-use, 2017 - 2030 (USD Billion)
List of Figures
FIG. 1 5G in healthcare market segmentation
FIG. 2 Market research process
FIG. 3 Information procurement
FIG. 4 Primary research pattern
FIG. 5 Market research approaches
FIG. 6 Value chain based sizing & forecasting
FIG. 7 QFD modelling for market share assessment
FIG. 8 Market formulation & validation
FIG. 9 5G in healthcare market outlook, 2021 (USD Billion)
FIG. 10 Market trends & outlook
FIG. 11 Market driver relevance analysis (Current & future impact)
FIG. 12 Market restraint relevance analysis (Current & future impact)
FIG. 13 Penetration & growth prospect mapping
FIG. 14 5G in Healthcare component market share analysis, 2021 & 2030 (USD Billion)
FIG. 15 5G in Healthcare component market: Segment dashboard
FIG. 16 Hardware market, 2017 - 2030 (USD Billion)
FIG. 17 Services market, 2017 - 2030 (USD Billion)
FIG. 18 5G in healthcare application market share analysis, 2021 & 2030 (USD Billion)
FIG. 19 5G in healthcare application market: Segment dashboard
FIG. 20 On-premise market, 2017 - 2030 (USD Billion)
FIG. 21 Connected medical devices market, 2017 - 2030 (USD Billion)
FIG. 22 AR/VR market, 2017 - 2030 (USD Billion)
FIG. 23 Connected ambulance market, 2017 - 2030 (USD Billion)
FIG. 24 Asset tracking market, 2017 - 2030 (USD Billion)
FIG. 25 5G in healthcare end-use market share analysis, 2021 & 2030 (USD Billion)
FIG. 26 5G in healthcare end-use market: Segment dashboard
FIG. 27 Healthcare providers market, 2017 - 2030 (USD Billion)
FIG. 28 Healthcare payers market, 2017 - 2030 (USD Billion)
FIG. 29 5G in healthcare regional market share analysis, 2021 & 2030 (USD Billion)
FIG. 30 Regional market place: Key takeaways
FIG. 31 North America 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 32 U.S. 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 33 Canada 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 34 Europe 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 35 U.K. 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 36 Germany 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 37 France 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 38 Italy 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 39 Spain 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 40 Asia Pacific 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 41 Japan 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 42 China 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 43 India 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 44 Latin America 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 45 Brazil 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 46 Mexico 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 47 MEA 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 48 South Africa 5G in healthcare market, 2017 - 2030 (USD Billion)
FIG. 49 Strategy framework

Companies Mentioned

  • AT&T
  • VERIZON
  • CHINA MOBILE INTERNATIONAL LIMITED
  • QUECTEL
  • TELIT
  • TELUS
  • HUAWEI
  • CISCO SYSTEMS, INC.
  • ORANGE
  • NEC CORPORATION

Methodology

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Table Information

Report AttributeDetails
No. of Pages90
PublishedAugust 2022
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 42.44 Billion
Forecasted Market Value ( USD ) by 2030 $ 454.7 Billion
Compound Annual Growth Rate34.5%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the 5G Market

The Healthcare 5G market is a subset of the larger E-Healthcare industry, which focuses on the use of digital technologies to improve healthcare services. 5G technology is a key component of this market, as it enables faster data transmission and improved connectivity between healthcare providers and patients. This allows for more efficient communication and data sharing, as well as the development of new applications and services. The Healthcare 5G market is expected to grow rapidly in the coming years, as more healthcare providers adopt 5G technology to improve their services. This growth is driven by the increasing demand for remote healthcare services, as well as the need for improved data security and privacy. Some of the major players in the Healthcare 5G market include AT&T, Verizon, Ericsson, Huawei, Nokia, and Samsung. These companies are actively developing 5G solutions for healthcare providers, and are expected to benefit from the growing demand for 5G technology in the healthcare sector. Show Less Read more

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