Dublin, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The "United States 5G in Healthcare Market (2024 Edition): Analysis By Offering Type (Hardware, and Services), By Application, By End-User, By Region, Market Insights and Forecast (2020-2030)" report has been added to ResearchAndMarkets.com's offering.
The United States 5G in Healthcare market showcased growth at a CAGR of 27.68% during 2020-2023. The market was valued at USD 56.86 Billion in 2023 which is expected to reach USD 413.84 Billion in 2030.
The 5G in healthcare market refers to the application and adoption of fifth-generation (5G) wireless technology specifically within the healthcare industry. 5G technology promises significantly faster data transmission speeds, lower latency (delay), and greater reliability compared to previous generations of mobile networks (4G, 3G, etc.). These capabilities open up a wide range of possibilities for transforming healthcare delivery, patient care, and medical technology.
The 5G healthcare market in the United States is rapidly expanding, driven by its transformative potential across various applications. Telemedicine has seen significant growth with 5G, allowing for high-definition video consultations and real-time remote patient monitoring, improving access to healthcare especially in rural and underserved areas. Augmented Reality (AR) and Virtual Reality (VR) applications powered by 5G are enhancing surgical precision and medical training, enabling surgeons to perform complex procedures with greater accuracy and efficiency.
The Internet of Medical Things (IoMT) is flourishing with 5G, integrating wearable devices and medical sensors that continuously monitor patient health metrics, supporting personalized medicine and proactive healthcare management. High-speed data transmission capabilities of 5G are revolutionizing medical imaging, facilitating quick and secure sharing of diagnostic images such as MRI and CT scans, leading to faster diagnoses and treatment decisions. These devices enable proactive healthcare management, early detection of health issues, and support for personalized treatment plans.
Augmented Reality (AR) and Virtual Reality (VR) technologies are increasingly integrated into surgical practices, leveraging 5G networks for real-time imaging and remote guidance during procedures. Surgeons benefit from enhanced visualization and precision, leading to better surgical outcomes and reduced recovery times. Additionally, AR and VR are transforming medical education and training by offering immersive simulations and educational experiences that enhance skills and preparedness among healthcare professionals.
Cybersecurity remains a critical focus in the 5G healthcare landscape, with stringent measures in place to protect patient data privacy and ensure compliance with regulatory standards such as HIPAA. As the healthcare industry continues to embrace 5G technology, collaborations between healthcare providers, technology developers, and regulatory bodies are essential to address challenges and maximize the benefits of this transformative technology.
The adoption of 5G technology has accelerated the expansion of telemedicine services across the United States. High-speed, low-latency connections enable seamless virtual consultations between patients and healthcare providers, improving access to care particularly in rural and underserved areas. The United States 5G in healthcare market continues to expand driven by technological advancements, increasing adoption of telemedicine and RPM solutions, strategic investments, and regulatory support.
Moreover, the market is propelled by the need for improved healthcare access, especially in rural and remote areas. 5G enables faster data transmission speeds and lower latency, enhancing the feasibility and quality of telemedicine and remote patient monitoring (RPM). This technology also supports advanced healthcare applications such as augmented reality (AR) for surgical planning and virtual reality (VR) for medical training.
Smart healthcare infrastructure is also advancing with 5G, as hospitals and clinics deploy IoT devices for asset management, environmental monitoring, and patient flow optimization. These applications streamline operations, improve resource allocation, and enhance patient experience by reducing wait times and improving care coordination.
Scope of the Report
- The report analyses the United States 5G in Healthcare Market by Value ( USD Billion).
- The report presents the analysis of United States 5G in Healthcare Market for the historical period of 2020-2023, the estimated year 2024 and the forecast period of 2025-2030.
- The report analyses the United States 5G in Healthcare Market By Offering Type (Hardware, and Services).
- The report analyses the United States 5G in Healthcare Market By Application (AR/VR, Virtual Consultations, Remote Patient Monitoring, Connected Ambulance, Inventory Management Devices and Others).
- The report analyses the United States 5G in Healthcare Market By End-User (Healthcare Providers, Healthcare Payers, Pharmaceutical Companies).
- The report analyses the United States 5G in Healthcare Market By Region (Northeast, South, Midwest, and West).
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis.
- Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
Analyst Recommendations
- Focus on Emergence Of Digital Healthcare Technologies
- Invest in 5G Infrastructure
Competitive Positioning
- Companies Product' Positioning
- Market Position Matrix
- Market Share Analysis of 5G in Healthcare Market
Company Profiles
- AT&T Inc
- Verizon Communications Inc.
- Cisco Systems, Inc
- Qualcomm Inc
- T-Mobile US
- Ericsson
- Nokia Corporation
- Samsung Electronics
- NEC Corp
- BT Group
For more information about this report visit https://www.researchandmarkets.com/r/8n7zb4
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
