Edge Computing in Healthcare Market: Current Analysis and Forecast (2024-2032)

Edge computing in healthcare involves processing data closer to its source rather than relying on distant data centers. This approach enables real-time data analysis and decision-making, making it crucial for various healthcare applications. With the rise of IoT devices, wearables, and medical sensors, edge computing has become increasingly important in modern healthcare systems. Its ability to assist in real-time decision-making acts as a major driver for the market as edge computing allows healthcare providers to analyze data instantly, leading to quicker decision-making in critical situations. For example, in remote patient monitoring, edge devices can analyze vital signs in real-time, alerting healthcare professionals to any abnormalities. Further, edge computing reduces the risk of data breaches by processing data locally, minimizing the need to transmit sensitive information over networks.

Edge Computing in the Healthcare Market is expected to grow at a strong CAGR of 25% during the forecast period owing to the increasing adoption of IoT in the medical devices market. IoT Devices such as smart watches, sensors, and other wearables and medical devices can generate data that can be used for remote monitoring of patients.

Based on the Component, the market is segmented into hardware, software, and services. The hardware segment is expected to dominate the market. This segment includes edge servers, gateways, sensors, and other physical infrastructure required for data processing at the edge. The demand for specialized hardware optimized for healthcare applications, such as medical IoT devices, is driving growth in this segment.

By application, the market is categorized into Diagnostics, Telehealth & Remote Patient Monitoring, Robotic Surgery, and Others. Among these, the telehealth and remote patient monitoring segment dominates the market. Edge computing enables real-time video consultations, remote patient monitoring, and telehealth applications by processing data locally and reducing latency. This application segment is witnessing rapid growth due to the increasing adoption of telemedicine solutions.

Based on end-user, the market is segmented into hospitals & clinics, home care settings, and others. The hospital & clinics segment is anticipated to dominate the market during the forthcoming period. Healthcare facilities deploy edge computing solutions to streamline clinical workflows, enhance patient care, and improve operational efficiency. Edge-enabled applications like electronic health records (EHRs), patient monitoring systems, and inventory management systems are increasingly prevalent in hospital settings.

For a better understanding of the market adoption of edge computing in healthcare industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America holds the dominant share of the market and is expected to do so even in the forecast period. The North America Edge Computing in Healthcare Market is being driven by several factors. One driving factor is the increasing adoption of IoT in Medical devices in the region.

Some of the major players operating in the market include CISCO System, Inc., Dell Technologies, Inc., Amazon Web Services, Google, Inc., Microsoft Corporation, Intel Corporation, General Electric Digital, Hewlett Packard Enterprise Company, VMware, Inc., and HUAWEI Technologies Co. Ltd.