According to a new report, published by KBV research, The Global 5G In Healthcare Market size is expected to reach $627.3 billion by 2031, rising at a market growth of 39.5% CAGR during the forecast period.
The Services segment is anticipating a CAGR of 40.3% during (2024 - 2031). As healthcare providers adopt 5G technology, they require network deployment, system integration, and maintenance support, which drives the demand for service offerings. Telemedicine and remote consultation services have gained traction, particularly after the COVID-19 pandemic, highlighting the need for reliable, low-latency communication solutions. Furthermore, the rise of cloud-based platforms for storing and sharing medical data and the increasing adoption of AI-driven analytics in healthcare requires continuous 5G network optimization and support services.
The Healthcare Providers segment is leading the Global 5G In Healthcare Market by End Use in 2023; thereby, achieving a market value of $370.6 billion by 2031. Hospitals, clinics, and diagnostic centers are leveraging 5G for telemedicine, real-time patient monitoring, and seamless sharing of high-resolution medical imaging, which require high-speed and reliable connectivity. Additionally, the growing use of IoT devices, robotics, and AI-powered diagnostic tools in healthcare settings has further driven the demand for 5G among providers. The need for faster data transfer and improved communication between healthcare professionals has solidified this segment's growth.
The Connected Medical Devices segment is registering a CAGR of 40.2% during (2024 - 2031). The increasing adoption of IoT-enabled diagnostic and therapeutic devices fuels the segment’s growth. 5G technology facilitates seamless communication between connected devices, enabling faster and more accurate data analysis. This supports critical applications such as automated insulin delivery systems, advanced imaging equipment, and smart infusion pumps, enhancing the precision and efficiency of medical care. The ability of 5G to support a high density of devices simultaneously makes it an ideal solution for modern hospitals and healthcare facilities aiming to integrate connected medical technologies.
Full Report: https://www.kbvresearch.com/5g-in-healthcare-market/
The North America region dominated the Global 5G In Healthcare Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $205.4 illion by 2031. The Europe region is showcasing a CAGR of 39.1% during (2024 - 2031). Additionally, The Asia Pacific region is exhibiting a CAGR of 40.2% during (2024 - 2031).
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