Industry Outlook

5G in healthcare market is anticipated to grow at a CAGR of 52.2% during the forecast period (2024-2035). The market growth is driven by greater usage of robotic surgery and telemedicine, as well as advancements in communications and 5G technologies. Healthcare firms are increasingly adopting 5G technology, owing to the development of 5G-enabled wearable medical devices, faster transfer of large patient data files over 5G, and the availability of reasonably priced sensors. Furthermore, the increase is being driven by partnerships between governments and big business players to integrate 5G in healthcare after the impact of COVID-19. Mr. Alo Libang, the Health Minister of Itanagar, India, launched the 5G applications in the Northeast Region (NER) in June 2023, with its hub in Guwahati (Assam), at the Government College of Nursing (GCN), Bakin Pertin General Hospital (BPGH), and the College of Agriculture (CoA) in Pasighat, East Siang. The Northeastern Council (NEC)--funded effort is expected to change the state's health and agriculture sectors while also facilitating immersive learning in healthcare education via 5G AI-driven technology intervention.

Segmental Outlook

The global market for 5G in healthcare is divided into segments according to component and application. The market is divided into two categories based on components, hardware, and services. The market is divided into segments based on application, including asset tracking, AR/VR, linked ambulance, monitoring equipment, and connected medical equipment. In healthcare, 5G technology is increasingly in demand in connected medical devices. 5G technology has many benefits for linking medical equipment in the global healthcare system as it provides remote device management, secure device communication, battery efficiency, massive device support, ultra-reliable connections, thorough patient monitoring, accurate diagnosis, and better care coordination across international healthcare systems are made possible by these skills. 

Furthermore, the growth anticipated in hardware includes all physical infrastructure and devices needed to implement 5G in healthcare settings by 5 G-enabled medical devices and sensors, network infrastructure components, edge computing hardware, router and gateway devices, and patient monitoring equipment with 5G connectivity.

Services to Hold a Considerable Share of the Global 5G in Healthcare Market

Services in the 5G healthcare industry include implementation, integration, maintenance, training, and consulting to assist healthcare providers in adopting and maximizing 5G technology. These services are capturing a significant market share for several reasons such as complex implementation needs, Integration with Legacy Systems, Training Demands, Customization Requirements, and ongoing support requirements. Further, the service growth is accelerated by the increasing adoption of telemedicine, remote patient monitoring, and AI-powered diagnostics. All of this relies on robust 5G implementation and support services to function effectively.

Global 5G in Healthcare Market Share By Component, 2024 (%)

Regional Outlook

The global 5G in healthcare market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, Russia and others), Asia-Pacific (India, China, Japan, South Korea, Australia & New Zealand, ASEAN COUNTRIES and others), and the Rest of the World (the Middle East & Africa and Latin America). North America held a considerable share of the global 5G healthcare market. The presence of a huge geriatric population that is highly prone to chronic disorders, the growing demand for telemedicine, along with the growing interest of healthcare organizations in integrating 5G services into their premises, are some of the prominent factors contributing to the high share of the regional market. For instance, in September 2023, Boston Children's Hospital rolled out a hybrid 5G network on its premises.

The North American Region is exhibiting a High Share Market in the Global 5G Healthcare Market.

North America accounted for the largest 5G in the healthcare industry, and it is going to hold its position during the prediction period. This is attributable to well-developed healthcare infrastructure, high per capita income, an increasing number of industry players, advancements in technology, and a favorable government funding scenario for the healthcare sector. Factors such as increased infrastructural support and new releases are expected to boost market expansion. 

5G has the potential to transform telemedicine and remote monitoring. Wearables and monitoring devices will allow patients to connect directly with clinicians, making healthcare more accessible and tailored. These advancements, together with an older population, will increase demand for healthcare and spur job growth. According to the US Bureau of Labor Statistics, employment growth in healthcare will be among the fastest of any industry sector during the next decade. 5G is expected to indirectly boost jobs in the sector. Telus also started the first phase of its 5G network in June 2020, to increase economic productivity in Canada, improve virtual healthcare, and support digital education. 

Market Players Outlook

The major companies serving the global 5G in the healthcare market include AT&T, China Mobile Ltd., Verizon, SK Telecom Co., Ltd., T-Mobile USA, and Cisco Systems, among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. 

Recent Developments

• In March 2024, in Thailand, Huawei announced ASEAN's first 5 G-enabled "smart hospital" to improve healthcare delivery by combining 5G technology, AI, multi-access edge computing, and a hybrid cloud architecture. Other drivers driving the global 5G healthcare market expansion include greater telehealth utilization owing to COVID-19, the growing use of real-time remote patient monitoring devices provided by 5G, and the capacity to share massive amounts of patient data.

• In September 2023, T-Mobile US, Inc. collaborated with Pixel Health to deploy a 5G hybrid network at Boston Children's Hospital. The advanced features offer enhanced scalability that not only matches the connectivity requirements with precision but also lays the foundation for future innovations.

• In April 2023, Verizon announced that it would build a private 5G network at the Cleveland Clinic in Ohio. This initiative is one of the first in the US to integrate a 5G network inside a hospital from the start. The effort seeks to improve communication and promote modern medical technologies. Verizon's cooperation exemplifies the growing trend of incorporating sophisticated networks into healthcare facilities.

The Report Covers

• Market value data analysis of 2025 and forecast to 2035.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global 5G in healthcare market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.