PUBLISHER: The Business Research Company | PRODUCT CODE: 1641426
PUBLISHER: The Business Research Company | PRODUCT CODE: 1641426
5G in healthcare denotes the provision of the fifth generation of broadband or cellular technology, specifically designed to significantly enhance the speed and responsiveness of wireless networks for various healthcare applications.
The key elements of 5G in healthcare encompass hardware, services, and connectivity. 5G hardware includes components like 5G small cells or similar hardware designed to facilitate smooth and uninterrupted 5G connections within the healthcare sector. These components play a crucial role in operations involving data transmission, wearable devices, telediagnosis, telemonitoring, telerobotic surgery, and other healthcare applications. They find application among healthcare providers, healthcare payers, and various end-users in the healthcare ecosystem.
The 5G in the healthcare market research report is one of a series of new reports from The Business Research Company that provides 5G in the healthcare market statistics, including 5G in the healthcare industry global market size, regional shares, competitors with a 5G in the healthcare market share, detailed 5G in the healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the 5G in the healthcare industry. This 5G in the healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 5G in healthcare market size has grown exponentially in recent years. It will grow from $1.03 billion in 2024 to $1.66 billion in 2025 at a compound annual growth rate (CAGR) of 61.5%. The growth in the historic period can be attributed to high-speed data transfer, low latency, increased network capacity.
The 5G in healthcare market size is expected to see exponential growth in the next few years. It will grow to $12.19 billion in 2029 at a compound annual growth rate (CAGR) of 64.7%. The growth in the forecast period can be attributed to increasing healthcare expenditure, increasing chronic diseases, increasing penetration of internet, growing users of smartphones. Major trends in the forecast period include ai and machine learning applications, IoT expansion in healthcare, AR and VR for medical training, edge computing integration, telemedicine and remote monitoring advancements.
The rising adoption of telehealth is playing a key role in driving the growth of the 5G healthcare market. Telehealth involves using digital information and communication technologies, such as computers and mobile devices, by both patients and doctors to remotely access healthcare services and manage patient care. It offers numerous benefits, including easy access to medical specialists, services for individuals with limited mobility, time, or transportation, improved communication and coordination between healthcare providers and patients, and support for self-management of health conditions. Telehealth is a critical application that leverages 5G technology to deliver timely healthcare services. For instance, according to the National Health Statistics Report by the Centers for Disease Control and Prevention, a U.S.-based federal agency, telemedicine usage increased with age, from 29.4% among adults aged 18-29 to 43.3% for those aged 65 and older in 2021, and in 2022, it remained higher among adults aged 30 and older compared to younger adults.
The surge in collaborative initiatives is anticipated to drive the growth of 5G in the healthcare market. Collaborative initiatives, involving partnerships or joint efforts among various entities, aim to harness the potential of high-speed, low-latency networks to transform and enhance healthcare services. A notable example is the partnership between Virgin Media O2 and Nokia in July 2022, which established a private 5G network for an NHS hospital in the United Kingdom. This network provides a dedicated, high-speed, reliable, and secure connection for mission-critical digital healthcare applications. This collaboration is part of a broader effort to explore the use of 5G as a network foundation for diverse Internet of Things (IoT) applications. Therefore, the increased emphasis on collaborative initiatives is expected to propel the growth of 5G in the healthcare market.
Technological advancements, such as the use of 5G networks in healthcare, are driving the development of new solutions aimed at improving and transforming patient care. Leading companies in the 5G healthcare market are focused on creating innovative technologies to enhance their competitive position. For example, in November 2023, the Infocomm Media Development Authority (IMDA), a Singapore-based agency, announced a collaboration with National University Health System (NUHS), one of Singapore's three public healthcare clusters; Republic Power Pte. Ltd., a Singapore-based company specializing in e-commerce, IoT, analytics, and API management solutions; ST Engineering, a Singapore-based technology, defense, and engineering group; and DB Schenker, a Germany-based logistics service provider. This partnership aims to deploy 5G-enabled unmanned medical booths, referred to as "Medbots." These innovative booths are designed to improve healthcare accessibility and efficiency by facilitating remote health screenings and video consultations. Additionally, the Medbots are equipped with certified medical devices that allow for comprehensive patient pre-screening, enabling individuals to undergo basic health checks without needing to visit a clinic.
Prominent companies in the 5G in the healthcare industry are increasingly adopting a strategic partnerships approach to deliver essential 5G healthcare services to individuals, businesses, and governments. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. For example, in December 2022, Reliance Jio, an India-based telecommunications company, formed a partnership with the Institute of Liver and Biliary Science (ILBS), an India-based mono-superspeciality hospital specializing in liver and biliary diseases. This collaboration aimed to utilize Reliance Jio's 5G standalone (SA) network to power healthcare technologies for various use cases. The partnership between Jio and ILBS is expected to provide advanced healthcare services by leveraging the capabilities of Jio's 5G network.
In February 2022, Forescout Technologies, a US-based software company, acquired CyberMDX for an undisclosed amount. This strategic acquisition is designed to enhance Forescout Technologies' capabilities in securing Internet of Medical Things (IoMT) devices. CyberMDX, a US-based IoT security leader, is dedicated to protecting the quality care of health delivery.
Major companies operating in the 5G in healthcare market include AT&T Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, T-Mobile USA Inc., Cisco Systems Inc., NEC Corporation, SK Telecom Co. Ltd., Fibocom Wireless Inc., Qualcomm Incorporated, Nokia Corporation, Huawei Technologies Co. Ltd., China Mobile Limited, Telus Corporation, Vodafone Group plc, Deutsche Telekom AG, Telefonica S. A., Bharti Airtel Limited, Sierra Wireless Inc., Swisscom AG, Quectel Wireless Solutions Co. Ltd., Sequans Communications, Koninklijke Philips N. V., Samsung Electronics Co. Ltd., Siemens Healthineers AG, Telit Communications Ltd., BT Group plc, NTT Docomo Inc., Doximity Inc.
Asia-Pacific was the largest region in the 5G in healthcare market in 2024, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the 5g in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the 5g in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The 5G in the healthcare market includes revenues earned by entities by providing telehealth, data management, and real-time remote monitoring in healthcare institutes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
5G in Healthcare Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on 5g in healthcare market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for 5g in healthcare ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The 5g in healthcare market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.