5G in Healthcare Market Size Soaring at 76.3% CAGR to Reach 6458.4 billion USD by 2027

Market Study Report has added a new report on 5G in Healthcare market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of 5G in Healthcare market in tandem with its competitive terrain.

Global 5G in healthcare market to reach USD 6458.4 billion by 2027. Global 5G in healthcare market is valued approximately at USD 122 billion in 2020 and is anticipated to grow with a healthy growth rate of about 76.3% over the forecast period 2021-2027.

Major market player included in this report are:

  • AT&T
  • Verizon
  • China Mobile Limited
  • T-Mobile
  • Ericsson
  • Telit
  • Telus
  • Vodafone
  • Nokia
  • Samsung

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5G networks have the capability to improve and transform all of the critical healthcare components. Advancement in internet of things, artificial intelligence and robotics have proliferated the adoption of 5G in healthcare to shape the healthcare systems to newly connected ecosystem.

The global 5G in healthcare market is being driven by increasing adoption of telehealth and robotics surgery and rising adoption of 5G-enabled wearable medical devices. Furthermore, role of artificial intelligence in 5G healthcare will provide new opportunities for the global 5G in healthcare industry.

According to Statista, market size for artificial intelligence in healthcare across the globe is expected to increase from USD 1.4 billion in 2017 to approximately USD 28 billion by 2025. Such growth in the use of artificial intelligence in healthcare is likely to fuel developments and advances in the healthcare industry and hence this is expected to boost the market growth. However, high cost of deployment of the 5G network may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global 5G in healthcare market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global 5G in healthcare market over the forecast period 2021-2027.

Factors such as significant adoption of new and advanced technologies, enhancing network connectivity, increasing number of internet of things-enabled medical devices, government initiatives for the adoption of internet of things, etc. contribute towards the largest market share of the region in the forecast years.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Component:

Hardware

Services

Connectivity

By Application:

Connected Medical Devices

Remote Patient Monitoring

AR/VR

Asset tracking for medical devices

Connected Ambulance

By End Users:

Healthcare Providers

Healthcare Payers

Other End Users

Full Report Summary At: https://www.marketstudyreport.com/reports/global-5g-in-healthcare-market-size-research?utm_source=marketwatch.com&utm_medium=AG

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