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5G in Healthcare Market Size is valued at USD 64.22 Billion in 2024 and is predicted to reach USD 1046.70 Billion by the year 2034 at a 32.4% CAGR during the forecast period for 2025-2034
Key Industry Insights & Findings from the Report:
5G promises a significant advancement in the healthcare sector by enabling a new health ecosystem that can effectively, economically, quickly, and broadly address patients' needs. The utilization of 5G networks in the healthcare sector has increased recently. Innovations in robotics, IoT, and AI will turn the health system into a newly connected ecosystem, boosting 5G networks.
The global market is driven by the rising usage of telehealth and robotic surgery. The market is growing due to expanding telecommunications innovation, the adoption of wearable medical devices driven by 5G technology, the capacity of 5G technology to download massive patient data files at light speed, and the accessibility of inexpensive sensors. Additionally, the government and major industry players are increasing their efforts in implementing 5G in healthcare, accelerating market growth.
Cellular technology is anticipated to increase significantly wireless network speed, coverage, and responsiveness in the healthcare sector. As a result, the demand for quicker and more reliable data transfer in the healthcare sector will continue to grow. Furthermore, the healthcare sector's growing need for faster and more dependable data transmission will fuel market expansion in the years to come.
The 5G in the healthcare market is segmented on the offering, application and end use. Based on offering, the market is segmented into hardware and services. Based on application, the 5G in the healthcare market is segmented into AR/VR, virtual consultations, remote patient monitoring, connected ambulance, inventory management devices and others. Based on end use, the 5G in the healthcare market is segmented into healthcare providers, healthcare payers and pharmaceutical companies.
Based on application, the 5G in the healthcare market is segmented into AR/VR, virtual consultations, remote patient monitoring, connected ambulance, inventory management devices and others. The connected ambulance category grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time ascribed to the expansion of the telehealth industry and the rising popularity of home healthcare. The market for a connected ambulance in the 5G in healthcare is further being driven by the high burden of COVID-19, rising healthcare expenses, strong government backing and initiatives, and the increased focus on the quality of care and safety of the patient.
Based on end use, the 5G in the healthcare market is segmented into healthcare providers, healthcare payers and pharmaceutical companies. The healthcare providers category is anticipated to grow at a significant rate over the forecast period, ascribed to the growing demand for better technologies that facilitate the quick transfer of huge data files, the expanding patient volume, the growing number of hospitals and ambulatory care facilities, the rise of telehealth, and the rising usage of 5G-enabled wearable medical devices.
The North America 5G in the healthcare market is expected to register the highest market share in revenue shortly. The regional industry's expansion is influenced by several factors, including the increased frequency of coronary artery disorders (CAD), the rapidly aging population, and novel product introductions by major market competitors. The adoption of the technology will speed up as knowledge of the advantages of incorporating 5G technology into healthcare products and services grows. The CDC estimates that in 2020, about 20 million Americans had CAD. Additionally, it is projected that the Asia Pacific will expand significantly throughout the course of the forecast period. Other factors influencing the growth include a rise in 5G-capable medical devices and government intentions to integrate 5G in healthcare. This trend may also be a result of the widespread adoption of cutting-edge technology, the rise of medical equipment with loT capabilities, ongoing network connectivity improvements, and government initiatives for loT.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 64.22 Billion |
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Revenue forecast in 2034 |
USD 1046.70 Billion |
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Growth rate CAGR |
CAGR of 32.4% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Offering, Application, End-Use |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; South Korea; South East Asia |
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Competitive Landscape |
AT&T Inc., Verizon Communications, NEC Corporation, Cisco Systems, Inc., SK Telecom Co., Ltd., Fibocom Wireless Inc., Qualcomm, Ericsson, Nokia Corporation, Huawei Technologies Co., Ltd., China Mobile Limited, Samsung Electronics Co., Ltd., BT Group, Deutsche Telekom AG, Vodafone, China Mobile Limited, China Unicom, Saudi Telecom Company (STC), and T-Mobile. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global 5G in Healthcare Market Snapshot
Chapter 4. Global 5G in Healthcare Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Offering Estimates & Trend Analysis
5.1. by Offering & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Offering:
5.2.1. Hardware
5.2.2. Services
Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
6.2.1. AR/VR
6.2.2. Virtual Consultations
6.2.3. Remote Patient Monitoring
6.2.4. Connected Ambulance
6.2.5. Inventory Management Devices
6.2.6. Others
Chapter 7. Market Segmentation 3: by End-use Estimates & Trend Analysis
7.1. by End-use & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-use:
7.2.1. Healthcare Providers
7.2.2. Healthcare Payers
7.2.3. Pharmaceutical Companies
Chapter 8. 5G in Healthcare Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America 5G in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Offering, 2021-2034
8.1.2. North America 5G in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.1.3. North America 5G in Healthcare Market revenue (US$ Million) by End-use, 2021-2034
8.1.4. North America 5G in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe 5G in Healthcare Market revenue (US$ Million) by Offering, 2021-2034
8.2.2. Europe 5G in Healthcare Market revenue (US$ Million) by Application, 2021-2034
8.2.3. Europe 5G in Healthcare Market revenue (US$ Million) by End-use, 2021-2034
8.2.4. Europe 5G in Healthcare Market revenue (US$ Million) by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific 5G in Healthcare Market revenue (US$ Million) by Offering, 2021-2034
8.3.2. Asia Pacific 5G in Healthcare Market revenue (US$ Million) by Application, 2021-2034
8.3.3. Asia-Pacific 5G in Healthcare Market revenue (US$ Million) by End-use, 2021-2034
8.3.4. Asia Pacific 5G in Healthcare Market revenue (US$ Million) by country, 2021-2034
8.4. Latin America
8.4.1. Latin America 5G in Healthcare Market revenue (US$ Million) by Offering, 2021-2034
8.4.2. Latin America 5G in Healthcare Market revenue (US$ Million) by Application, 2021-2034
8.4.3. Latin America 5G in Healthcare Market revenue (US$ Million) by End-use, 2024-20242031
8.4.4. Latin America 5G in Healthcare Market revenue (US$ Million) by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa 5G in Healthcare Market revenue (US$ Million) by Offering, 2021-2034
8.5.2. Middle East & Africa 5G in Healthcare Market revenue (US$ Million) by Application, 2021-2034
8.5.3. Middle East & Africa 5G in Healthcare Market revenue (US$ Million) by End-use, 2021-2034
8.5.4. Middle East & Africa 5G in Healthcare Market revenue (US$ Million) by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. AT&T Inc.
9.2.2. Verizon Communications
9.2.3. NEC Corporation
9.2.4. Cisco Systems, Inc.
9.2.5. SK Telecom Co., Ltd.
9.2.6. Fibocom Wireless Inc.
9.2.7. Qualcomm
9.2.8. Ericsson
9.2.9. Nokia Corporation
9.2.10. Huawei Technologies Co., Ltd.
9.2.11. Samsung Electronics Co., Ltd.
9.2.12. BT Group
9.2.13. Deutsche Telekom AG
9.2.14. Vodafone
9.2.15. China Mobile Limited
9.2.16. China Unicom
9.2.17. Saudi Telecom Company (STC)
9.2.18. T-Mobile
9.2.19. Other Prominent Players
By Offering-
By Application-
By End Use-
By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
