5G in Healthcare & Lifesciences Market

Global 5G in Healthcare & Lifesciences Market Size, Trends & Analysis - Forecasts to 2026 By Application (Home Healthcare, Remote Healthcare, Outpatient Monitoring, Telemedicine & Tele-Robotics, Smart Wearable, Healthcare Training, and Site Connectivity and Management), By Communication Type (FWA, eMBB, URLLC, and mMTC), By End-Users (Payers, Providers, and Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Healthcare

Format

This report was recently updated on December 21 2024 with the latest and most recent market numbers

5G in Healthcare & Lifesciences Market Size

The global 5G in healthcare & lifesciences market is projected to grow at a CAGR value of 30.2% between 2021 and 2026. Reliable and low-latency data networks are vital to the implementation of automation, remote monitoring, remote robotic surgeries, and medical data management applications in the healthcare industry. The development and adoption of 5G networks offer the healthcare industry a reliable network with low latency of 1ms or lower. The reliability, speed, and bandwidth capabilities of 5G networks are expected to increase the adoption of these networks in the healthcare industry.

With 5G networks, healthcare can be decentralized to provide patient care in environments outside hospitals and healthcare facilities. Healthcare professionals can monitor patient vitals and administer medicines remotely with the help of remote monitoring with 5G capabilities. The growing number of patients suffering from chronic illnesses and the need for effective management will further drive the demand for remote monitoring capabilities. With 5G networks, patients can avail remote consultations, have their vitals monitored, and medicines administered in real-time.

The growing number of smart wearables for healthcare applications is expected to play a crucial role in the adoption of 5G networks in the healthcare industry. 5G networks will lower power consumption which will make devices smaller and offer better connectivity between devices and healthcare providers enabling better remote monitoring capabilities.

The use of robots for surgery and providing patient care will be further enhanced with the development of 5G networks. 5G networks will enable low latency haptic feedback allowing surgeons to remotely carry out surgeries using robots. During the initial COVID-19 outbreak in Wuhan, CloudMinds a robotics company provided robots that were capable of taking patient temperatures, deliver meals and disinfect the facility. These robots were supported by a 5G network for faster reliable connectivity between the robots and the healthcare providers.

The growing demand for predictive data analytics and instant data access in the healthcare industry will further increase the adoption of 5G in the healthcare industry.

Pharmaceutical companies can utilize 5G networks to efficiently monitor clinical trial participants with the help of 5G connected smart wearables. IoT-connected monitoring devices with 5G networks allow for remote monitoring in the homes of clinical trial participants. The improved remote monitoring capabilities with 5G networks can reduce the duration of clinical trials and allow pharmaceutical companies to bring new products to the market faster.

The high cost of devices that are capable of utilizing 5G networks, and the investment requirement to adopt 5G among existing equipment will restrict the growth of the market. Privacy concerns and growing awareness of cyber threats will also hamper the growth of the market.

global 5g in healthcare & lifesciences market

5G in Healthcare & Lifesciences Market: By Application

Based on the applications of 5G in the industry, the market is segmented into home healthcare, remote healthcare, outpatient monitoring, telemedicine & telerobotics, smart wearable, healthcare training, and site connectivity and management. The smart wearable segment is expected to hold the lion’s share of the 5G in the healthcare & lifesciences market. The large number of smart wearable players present in the market, increasing number of product launch strategies, and rising demand for smart devices for monitoring patient health have been a major driver for the growth of the segment.

5G in Healthcare & Lifesciences Market: By Communication Type

Based on the communication type employed, the market is segmented into FWA, eMBB, URLLC, and MMTC. The enhanced mobile broadband (eMBB) segment is expected to hold the lion’s share of the market. The huge demand for high-speed low-latency networks for remote monitoring, remote robotic surgery, telemetry, real-time medical data management, and online booking systems are expected to play a major role in the dominance of the eMBB segment.

The massive machine-type communications (mMTC) segment is expected to become the fastest-growing segment. 5G mMTC requirements have already been developed during the development of 3G networks. The use of mMTC in IoT is also expected to contribute to the growth of the segment.

5G in Healthcare & Lifesciences Market: By End-User

Based on the various end-users, the market is segmented into payers, providers, and others. The payers segment is expected to hold the lion’s share of the revenues generated in the 5G in healthcare & lifesciences market. The providers segment is expected to register the fastest growth rate among all segments. Providers of healthcare like hospitals and clinics are expected to increase the adoption of 5G networks to improve their data collection, analytics, and facility management systems. The increasing demand for instantaneous access to data, adoption of AR & VR in training, telemetry, and other technological advancements are expected to contribute to the growth of the providers segment.

asia pacific 5g in healthcare & lifesciences market

5G in Healthcare & Lifesciences Market: By Region

Based on region, the market is segmented into regions such as North America, Europe, Central and South America, Middle East and Africa, and Asia Pacific regions. The North American region is expected to hold the dominant share of the market. The region’s extensive expenditure on healthcare, growing geriatric population, large expenditure on R&D activities are the major drivers of the 5G in the healthcare & lifesciences market.

The APAC region is anticipated to become the fastest-growing region. The excellent communications infrastructure in the region, growing expenditure on healthcare by governments, and the growing number of hospitals and clinics in the region are expected to further enhance the market in the APAC region.

5G in Healthcare & Lifesciences Market Share and Competitor Analysis

Intel, Ericsson, Tech Mahindra, Verizon, AT&T, Samsung Electronics, NEC, Huawei Technologies, Capsule Technologies, and Qualcomm, among others, are the key players in the 5G in healthcare & lifesciences market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 5G in Healthcare & Lifesciences Industry Overview, 2020-2026

2.1.1 Industry Overview

2.1.2 Application Overview

2.1.3 Communication Type Overview

2.1.4 End-Users Overview

2.1.6 Regional Overview

Chapter 3 5G in Healthcare & Lifesciences Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2020-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Increasing demand for remote patient monitoring

3.3.2 Industry Challenges

3.3.2.1 Privacy concerns and the threat of cyberattacks

3.4 Prospective Growth Scenario

3.4.1 Application Growth Scenario

3.4.2 Communication Type Growth Scenario

3.4.3 End-Users Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 End-User Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 5G in Healthcare & Lifesciences Market, By Application

4.1 Application Outlook

4.2 Home Healthcare

4.2.1 Market Size, By Region, 2020-2026 (USD Billion)

4.3 Remote Healthcare

4.3.1 Market Size, By Region, 2020-2026 (USD Billion)

4.4 Outpatient Monitoring

4.4.1 Market Size, By Region, 2020-2026 (USD Billion)

4.5 Telemedicine & Tele-Robotics

4.5.1 Market Size, By Region, 2020-2026 (USD Billion)

4.6 Smart Wearable

4.6.1 Market Size, By Region, 2020-2026 (USD Billion)

4.7 Healthcare Training

4.7.1 Market Size, By Region, 2020-2026 (USD Billion)

4.8 Site Connectivity and Management

4.8.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5 5G in Healthcare & Lifesciences Market, By Communication Type

5.1 Communication Type Outlook

5.2 FWA

5.2.1 Market Size, By Region, 2020-2026 (USD Billion)

5.3 eMBB

5.3.1 Market Size, By Region, 2020-2026 (USD Billion)

5.4 URLLC

5.4.1 Market Size, By Region, 2020-2026 (USD Billion)

5.5 MMTC

5.5.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6 5G in Healthcare & Lifesciences Market, By End-Users

6.1 End-Users Outlook

6.2 Payers

6.2.1 Market Size, By Region, 2020-2026 (USD Billion)

6.3 Providers

6.3.1 Market Size, By Region, 3030-3036 (USD Billion)

6.4 Others

6.4.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 7 5G in Healthcare & Lifesciences Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2020-2026 (USD Billion)

7.2.2 Market Size, By Application, 2020-2026 (USD Billion)

7.2.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.2.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.2.6 U.S.

7.2.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.2.4.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.2.4.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.2.7 Canada

7.2.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.2.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.2.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3 Europe

7.3.1 Market Size, By Country 2020-2026 (USD Billion)

7.3.2 Market Size, By Application, 2020-2026 (USD Billion)

7.3.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.6 Germany

7.3.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.6.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.7 UK

7.3.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.8 France

7.3.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.9 Italy

7.3.9.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.9.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.9.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.10 Spain

7.3.10.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.10.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.10.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.3.11 Russia

7.3.11.1 Market Size, By Application, 2020-2026 (USD Billion)

7.3.11.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.3.11.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4 Asia Pacific

7.4.1 Market Size, By Country 2020-2026 (USD Billion)

7.4.2 Market Size, By Application, 2020-2026 (USD Billion)

7.4.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.6 China

7.4.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.6.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.7 India

7.4.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.8 Japan

7.4.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.9 Australia

7.4.9.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.9.2 Market size, By Communication Type, 2020-2026 (USD Billion)

7.4.9.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.4.10 South Korea

7.4.10.1 Market Size, By Application, 2020-2026 (USD Billion)

7.4.10.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.4.10.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.5 Latin America

7.5.1 Market Size, By Country 2020-2026 (USD Billion)

7.5.2 Market Size, By Application, 2020-2026 (USD Billion)

7.5.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.5.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.5.6 Brazil

7.5.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.5.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.5.6.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.5.7 Mexico

7.5.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.5.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.5.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.5.8 Argentina

7.5.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.5.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.5.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.6 MEA

7.6.1 Market Size, By Country 2020-2026 (USD Billion)

7.6.2 Market Size, By Application, 2020-2026 (USD Billion)

7.6.3 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.6.4 Market Size, By End-Users, 2020-2026 (USD Billion)

7.6.6 Saudi Arabia

7.6.6.1 Market Size, By Application, 2020-2026 (USD Billion)

7.6.6.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.6.6.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.6.7 UAE

7.6.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.6.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.6.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

7.6.8 South Africa

7.6.7.1 Market Size, By Application, 2020-2026 (USD Billion)

7.6.7.2 Market Size, By Communication Type, 2020-2026 (USD Billion)

7.6.7.3 Market Size, By End-Users, 2020-2026 (USD Billion)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 Intel

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 Info Graphic Analysis

8.3 Ericsson

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 Info Graphic Analysis

8.4 Tech Mahindra

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 Info Graphic Analysis

8.5 Verizon

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 Info Graphic Analysis

8.6 AT&T

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 Info Graphic Analysis

8.7 Samsung Electronics

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 Info Graphic Analysis

8.8 NEC

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.9 Huawei Technologies

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.10 Capsule Technologies

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 Info Graphic Analysis

8.11 Qualcomm

8.11.1 Company Overview

8.11.2 Financial Analysis

8.11.3 Strategic Positioning

8.11.4 Info Graphic Analysis

8.12 Other Companies

8.12.1 Company Overview

8.12.2 Financial Analysis

8.12.3 Strategic Positioning

8.12.4 Info Graphic Analysis

The Global 5G in Healthcare & Lifesciences Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the 5G in Healthcare & Lifesciences Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global 5G in healthcare & lifesciences market?

The global 5G in healthcare & lifesciences market size is projected to grow at a CAGR value of 30.2% between 2021 and 2026.

Who are the major vendors in the 5G in healthcare & lifesciences market?

Key and innovative vendors in the 5G in healthcare & lifesciences market include Intel, Ericsson, Tech Mahindra, Verizon, AT&T, Samsung Electronics, NEC, Huawei Technologies, Capsule Technologies, and Qualcomm, among others.

Which region has the highest market share in the 5G in healthcare & lifesciences market?

The North American region is estimated to hold the largest share of the 5G in healthcare & lifesciences market.

What is the Covid-19 impact on the future of the 5G in healthcare & lifesciences market?

The COVID-19 pandemic has had a positive impact on the growth of the 5G in healthcare & lifesciences market. The usage of robots assisted by 5G networks in providing patient care demonstrated the potential for 5G networks in the healthcare industry. The growing demand for remote monitoring owing to the restrictions made necessary by the pandemics is expected to result in the growth of the market.

What are the major drivers in the 5G in healthcare & lifesciences market?

Growing demand for smart wearables, increasing patient preference for remote monitoring, development of remote surgeries through robots, and the rising need for data and data sets of healthcare facilities and diseases are the major drivers of the 5G in healthcare & lifesciences market.