Edge Computing in Healthcare Market by Component, Application, End-user

List of Tables

The Edge Computing in Healthcare Market was valued at USD 4.99 billion in 2023, expected to reach USD 6.20 billion in 2024, and is projected to grow at a CAGR of 24.54%, to USD 23.22 billion by 2030.

Edge computing in healthcare refers to the decentralized processing of data gathered from medical devices and sensors, where computation happens near the data source to offer faster processing and response times. The necessity for edge computing arises from the increasing data volume generated by medical devices, which requires real-time processing to ensure timely diagnostics and treatment. Applications include remote patient monitoring, telemedicine, and predictive analytics, which facilitate better patient outcomes and operational efficiency. The end-use scope primarily encompasses hospitals, clinics, and healthcare providers aiming to improve patient care and operational management.

KEY MARKET STATISTICS
Base Year [2023]	USD 4.99 billion
Estimated Year [2024]	USD 6.20 billion
Forecast Year [2030]	USD 23.22 billion
CAGR (%)	24.54%

Key growth factors include the rising adoption of IoT and AI in healthcare, increased emphasis on reducing latency for critical healthcare operations, and the need for secure and efficient data handling across healthcare systems. Opportunities present themselves in the expansion of telehealth services and the development of smart healthcare solutions. Companies can capitalize on these by investing in robust edge computing architecture tailored for the healthcare market, considering security and data privacy as pivotal components.

Limitations and challenges include the inherent security risks associated with distributed computing, data privacy concerns, and high initial setup costs, which can deter widespread adoption. Technical challenges also involve integration with existing hospital systems and ensuring interoperability with various devices and platforms.

Innovation prospects lie in developing seamless integration solutions, enhancing data security frameworks, and optimizing edge computing algorithms for low-latency performance in medical applications. Additionally, the development of hybrid cloud-edge solutions may offer a balanced approach, leveraging the strengths of both cloud computing and edge processing. The market is dynamic and competitive, characterized by rapid technological advancements and evolving healthcare demands. Firms that focus on strategic partnerships and collaborative research can harness these dynamics to maintain a competitive edge, catering to the shifting needs of modern healthcare landscapes.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Edge Computing in Healthcare Market

The Edge Computing in Healthcare Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing digitalization across healthcare sector
- Rising demand for low-latency processing and real-time, automated decision-making solutions
- Surmounting exponentially increasing data volumes and network traffic across healthcare
Market Restraints
- Concern over storage and computing resources
Market Opportunities
- Growing adoption of advanced technology such as blockchain and AI into edge computing
- Emergence of robotic surgeries and telehealth services
Market Challenges
- Data and privacy concerns

Porter's Five Forces: A Strategic Tool for Navigating the Edge Computing in Healthcare Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Edge Computing in Healthcare Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Edge Computing in Healthcare Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Edge Computing in Healthcare Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Edge Computing in Healthcare Market

A detailed market share analysis in the Edge Computing in Healthcare Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Edge Computing in Healthcare Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Edge Computing in Healthcare Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Edge Computing in Healthcare Market

A strategic analysis of the Edge Computing in Healthcare Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Edge Computing in Healthcare Market, highlighting leading vendors and their innovative profiles. These include ADLINK Technology Inc., AI EdgeLabs by Scalarr, Inc., Alef Edge, Inc., Amazon Web Services, Inc., Atos, Azion Technologies, Inc., Cisco Systems, Inc., ClearBlade, Inc., Dell Inc., Equinix, Inc., General Electric Company, Google LLC by Alphabet Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, NVIDIA Corporation, Oracle Corporation, VMware, Inc., and ZPE Systems, Inc..

Market Segmentation & Coverage

This research report categorizes the Edge Computing in Healthcare Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Component, market is studied across Hardware, Service, and Software.
Based on Application, market is studied across Ambulances, Diagnostics, Robotic Surgery, and Telehealth & Remote Patient Monitoring.
Based on End-user, market is studied across Ambulatory Care Centers, Hospitals & Clinics, and Long-term Care Centers & Home Care Settings.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-961BA04A2E00

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing digitalization across healthcare sector
  - 5.1.1.2. Rising demand for low-latency processing and real-time, automated decision-making solutions
  - 5.1.1.3. Surmounting exponentially increasing data volumes and network traffic across healthcare
- 5.1.2. Restraints
  - 5.1.2.1. Concern over storage and computing resources
- 5.1.3. Opportunities
  - 5.1.3.1. Growing adoption of advanced technology such as blockchain and AI into edge computing
  - 5.1.3.2. Emergence of robotic surgeries and telehealth services
- 5.1.4. Challenges
  - 5.1.4.1. Data and privacy concerns
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Edge Computing in Healthcare Market, by Component

6.1. Introduction
6.2. Hardware
6.3. Service
6.4. Software

7. Edge Computing in Healthcare Market, by Application

7.1. Introduction
7.2. Ambulances
7.3. Diagnostics
7.4. Robotic Surgery
7.5. Telehealth & Remote Patient Monitoring

8. Edge Computing in Healthcare Market, by End-user

8.1. Introduction
8.2. Ambulatory Care Centers
8.3. Hospitals & Clinics
8.4. Long-term Care Centers & Home Care Settings

9. Americas Edge Computing in Healthcare Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Edge Computing in Healthcare Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Edge Computing in Healthcare Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ADLINK Technology Inc.
2. AI EdgeLabs by Scalarr, Inc.
3. Alef Edge, Inc.
4. Amazon Web Services, Inc.
5. Atos
6. Azion Technologies, Inc.
7. Cisco Systems, Inc.
8. ClearBlade, Inc.
9. Dell Inc.
10. Equinix, Inc.
11. General Electric Company
12. Google LLC by Alphabet Inc.
13. Hewlett Packard Enterprise Company
14. Huawei Technologies Co. Ltd.
15. Intel Corporation
16. International Business Machines Corporation
17. Microsoft Corporation
18. NVIDIA Corporation
19. Oracle Corporation
20. VMware, Inc.
21. ZPE Systems, Inc.