The 5G in healthcare market is expected to grow at a CAGR of 37.90% between 2025 and 2030.
The ongoing technological adoption in various industrial verticals has provided a major boost to the advanced communication system usage, which has simultaneously driven the demand for high-speed networks and connectivity. In the healthcare sector, 5G technology supports applications such as remote patient monitoring, virtual consultations, robot-assisted services, and connected ambulances, which have reduced the overall workload for healthcare professionals and medical staff.
The growing chronic diseases globally have increased the demand for various innovative healthcare services for better diagnostics, which is expected to drive the demand for 5G networks in the healthcare sector. According to the National Association of Software and Service Companies, by 2030, 5G will provide a global economic benefit of US$1.5 trillion, with the healthcare sector accounting for 34.6% of the global annual 5G contribution. Major regions, namely North America, Europe, and Asia Pacific, will witness significant growth in the 5G technology, thereby further driving the overall market demand in the healthcare sector.
Likewise, virtual health service providers are actively participating in supporting healthcare digitization through new launches and investments, for instance, in January 2024, Eli Lily and Company launched “LillyDirect” which offers services such as access to healthcare providers and disease resource management to diabetes, migraine, and obesity patients living in the United States. Additionally, in June 2024, UnitedHealth Community announced an investment of US$1.5 million in Iowa to bolster school-based telehealth services that would provide mental healthcare for K-12 students.
The 5G in the healthcare market, based on applications, is divided into remote patient monitoring, connected ambulances, virtual consultations, and others. Remote patient monitoring is projected to hold a considerable market share, fuelled by the growing emphasis on improving clinical workflows, which enables healthcare professionals to prioritize their cases based on real-time patient status.
Moreover, remote patient monitoring is also proving to be beneficial for older patients as it enables them to keep a constant track of their health status, thereby minimizing the prevalence of hospital visits, where they hold a high risk of unnecessary exposure to infection. Witnessing the growing opportunity of 5G technology in modern healthcare services, various launches and collaborations are taking place. For instance,
Besides remote patient monitoring, connected ambulances and virtual consultations are also anticipated to grow at a constant rate, fueled by the growing adoption of electronic health records and efforts to offer on-the-spot treatment to patients. Hence, various product developments are taking place. For instance,
The 5G in the healthcare market, geography is analyzed into the Americas, Europe Middle East, and Africa, and Asia Pacific, which houses major economies, namely the USA, China, South Korea, Japan, the United Kingdom, and Germany. Investment in healthcare digitization, followed by agreement establishment and product launches, is driving the market expansion in the said nations. For instance,
Some of the leading players in the market include Ericsson, Cisco, and Nokia, among others. The product offerings of the major corporation include the following:
|
COMPANY NAME |
PRODUCT NAME |
DESCRIPTION |
|
Ericsson |
5G Smart Ambulance |
Ericsson developed this product in collaboration with Far EasTone, which uses the latter’s standalone 5G network for establishing a link between ambulance staff and remote medical experts, thereby enabling the latter to provide precise remote patient care. |
|
Cisco |
Cisco Telehealth & Virtual Care |
The product uses video technology to establish a connection between the patient and the healthcare provider. The product's ability to integrate within existing clinical workflows improves the overall schedule density. |
|
Nokia |
eHealth |
Nokia’s “eHealth” offers intelligently connected healthcare services such as video consultation and connected ambulance all of which are based on the 5G foundation. The service improves the overall patient outcomes. |
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR of 37.90% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the 5G In Healthcare Market | |
| Customization Scope | Free report customization with purchase |