5G in the healthcare market will reach $80 billion by 2030, according to Global Market Insights Inc.

5G in healthcare is expected to register a CAGR of 35% between 2022 and 2030 due to the increasing integration of emerging and latest technologies with 5G.

SELBYVILLE, Del., September 12, 2022 /PRNewswire/ — The market value of 5G in healthcare is expected to reach $80 billion by 2030, according to a new research report from Global Market Insights Inc.

The incidence of chronic diseases at an alarming rate in rural areas will increase technology adoption. A large majority of the underprivileged population in emerging economies does not have adequate access to high quality medical facilities. 5G technologies can be helpful in such cases, as it will give doctors the ability to increase the reach of their services by conducting virtual consultations to understand a patient’s health condition.

Innovative digital technologies have improved the delivery of care to patients living in remote areas, reducing the need for emergency visits and hospitalization. Since the COVID-19 pandemic in 2020, the deployment of communication networks in health services has increased the number of telehealth visits. The percentage of people seeking Medicaid and Medicare insurance and reimbursements has also increased significantly, bolstering demand for 5G networks.

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5G technology will improve remote patient monitoring capabilities

5G Healthcare Market Share of Remote Patient Monitoring Segment Expected to Exceed $35 billion by 2030. The prevalence of chronic diseases is increasing at an alarming rate worldwide. Remote monitoring devices are used to continuously measure vital signs, such as heart rate, pulse, blood pressure, blood oxygen saturation, and several other physiological data.

Asthma is among the major non-communicable diseases that require continuous monitoring to improve diagnosis and treatment. For example, according to WHO data for 2019, nearly 262 million people suffered from asthma worldwide. Similar factors are likely to drive the demand for remote patient monitoring solutions and rapid communication technologies.

Browse key industry information spread over 240 pages with 181 market data tables and 17 report figures and graphs, “5G in healthcare market size by offer (hardware, services), by application (AR/VR, virtual consultations, remote patient monitoring, connected ambulance, inventory management devices), by end use (care providers Healthcare Payers, Pharmaceutical Companies), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share and Forecast, 2022-2030” in detail with the table of contents:

https://www.gminsights.com/industry-analysis/5g-in-healthcare-market

Pharmaceutical companies can use 5G to develop new drugs

5G in the pharmaceutical company segment healthcare market is expected to witness a CAGR of over 40% through 2030. Pharmaceutical companies are adopting 5G infrastructure and connectivity to develop a wide range of new drugs to combat against complex health conditions. They can also use large-scale IoT-connected monitoring devices in clinical trials for better efficiency and accurate results. Additionally, 5G technology can reduce total cycle time and help these companies increase their production batch, thanks to low latency and high-speed features.

Asia Pacific achieve strong growth thanks to 5G in the healthcare sector

Asia Pacific 5G in healthcare market size will register a healthy CAGR of over 35% through 2030. This is attributed to variables such as increasing prevalence of chronic diseases, growing awareness of 5G technology in healthcare healthcare and the growing integration of 5G with other technologies. The high incidence of heart disease among the regional population will increase the need for remote patient monitoring devices, visual guidance and connected ambulance services. These applications can increase the integration of 5G in healthcare facilities.

BT Group, Deutsche Telekom AG, Vodafone, China Mobile Limited, China Unicom, Saudi Telecom Company (STC), and T-Mobile, among others, are the reputable organizations in the global 5G healthcare market. These companies sign merger and acquisition agreements and partnership agreements to diversify their product portfolios.

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About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, in the United States, is a global provider of market research and consulting services, offering syndicated and custom research reports as well as growth consulting services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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