The ability of 5G technology to transmit large patient data files quickly, advancements in telecommunication, and the availability of low-cost sensors are other major factors that are driving the growth of this market.
The 5G in healthcare market is valued at an estimated USD 215 million in 2021 and is projected to reach USD 3,667 million by 2026, at a CAGR of 76.3% during the forecast period.
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Report Scope and Market Segmentation:
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Report Metric |
Details |
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Market size available for years |
2019-2026 |
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Base year considered |
2020 |
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Forecast period |
2021–2026 |
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Forecast units |
Value (USD Million) |
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Segments covered |
By Component, Application, End User and Region |
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Geographies covered |
North America (the US and Canada), Asia Pacific (Japan, China, India, and RoPAC), Europe (Germany, UK, France, Italy, Spain and RoE), and the Rest of the World (Latin America, Middle East & Africa) |
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Companies covered |
The major market players include AT&T (US), Verizon (US), China Mobile Limited (China), T-Mobile (US), Ericsson (Sweden), Telit (Poland), Telus (Canada), Vodafone (UK), Nokia (Finland), Samsung (South Korea), Deutsche Telekom AG (Germany), Orange S.A. (France), SK Telecom Co., Ltd. (South Korea), BT Group (UK), NTT DOCOMO (UK), NEC Corporation (Japan), Telefónica (Spain), Airtel (India), Huawei Technologies Co., Ltd. (China), Cisco (US), Sierra Wireless (Canada), Swisscom (Switzerland), Qualcomm (US), Fibocom Wireless Inc. (China), Quectel (China), and Sequans (France) |
The Connected Medical Devices segment accounted for the largest market share
The connected medical devices segment accounted for the largest share of the 5G in healthcare market. This application segment is projected to reach USD 1,405.3 million by 2026 from USD 94.5 million in 2021, at a CAGR of 71.6% during the forecast period.
The Healthcare Providers segment accounted for the largest market share
The healthcare providers segment accounted for the largest share of the 5G in healthcare market. This end-user segment is projected to reach USD 3,011.1 million by 2026 from USD 170.4 million in 2021, at a CAGR of 77.6% during the forecast period.
Asia Pacific was the largest regional market for 5G in healthcare market
The APAC is the largest and fastest-growing region in the 5G in healthcare market. This growth can be attributed to the significant adoption of advanced technologies, increasing number of IoT-enabled medical devices, continuously enhancing network connectivity, and government initiatives for IoT.
AT&T
AT&T is the leading player in the 5G healthcare market. AT&T provides its global SIM-enabled connectivity in more than 200 countries and across 500 carriers, which would provide fast and highly secure equipment connectivity to enterprises and help them deploy more devices using IoT and M2M technologies.
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