5G in Healthcare Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The 5G in Healthcare Market is Segmented by Component (Hardware, Connectivity, and Services), Application (Connected Medical Devices, Remote Patient Monitoring, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

5G in healthcare market
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 70 %
5G in healthcare market size

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Market Overview

The 5G in Healthcare Market is projected to register a CAGR of 70.0% during the forecast period (2022-2027). 

The 5G in Healthcare Market will have a positive effect due on the COVID pandemic. Various studies have been conducted on both negative and positive insights of 5G in healthcare. For instance, in September 2021, a research study published titled "Evidence for a connection between coronavirus disease-19 and exposure to radiofrequency radiation from wireless communications including 5G" stated that there is a substantial overlap in pathobiology between COVID-19 and wireless communications radiation (WCR) exposure. The evidence presented here indicates that mechanisms involved in the clinical progression of COVID-19 could also be generated, according to experimental data, by wireless communications radiation (WCR) exposure. Furthermore, in January 2021, another research study published titled "The Impact of the COVID Crisis on the Innovative Potential of China's Internet Platforms" stated that the COVID-19 crisis has hit the Chinese economy hard, China's Internet companies have benefited from the quarantine. However, the long-term consequences of the 2020 crisis for the development of the innovative potential of Chinese Internet corporations, primarily the largest platforms such as Alibaba, Baidu, Tencent, and JD.com as integrators of the Chinese Internet economy, are still unclear. The market will support the adoption of 5G due to the pandemic as it provides advantages against communicable diseases. Hence, the market is likely to increase in the future.

Factors such as increasing adoption of Telehealth due to COVID-19, rising adoption of 5G enabled real-time remote patient monitoring devices, and the ability to share large patient data are expected to increase the market growth in the forecast period. Research studies published on the trend of adopting telehealth services such as telemedicine provide insight into the growth of the market. For instance, in April 2020, a research study published titled "Telemedicine in the face of the COVID-19 pandemic" stated that the telemedicine during the coronavirus epidemic has been the doctors’ first line of defense to slow the spread of the coronavirus, keeping social distancing and providing services by phone or videoconferencing for mild to focus personal care and limited supplies to the most urgent cases. Hence due to its advantages, the market would have a higher adoption rate which will increase the market growth. Similarly, there is a rising trend in the adoption of remote patient monitoring (RPM). For instance, in March 2021, a research study published titled "Accelerating RPM: COVID-19 Speeds Adoption of Remote Patient Monitoring" stated that there is an increase in the adoption of the RPM. The acquisition is another factor in the growth of the market. For instance, in April 2020, Apple acquired AI startup Xnor.ai, which specializes in low-power edge-based tools, for USD 200 million. Xnor.ai brings remote monitoring capabilities to wearable devices. The acquisition could lead to added health features, such as monitoring blood oxygen levels, available on the Apple Watch, which can already detect irregular heartbeats and strokes because this information can be transmitted to doctors in real-time, sudden spikes or other potentially dangerous conditions can be flagged right away. Such initiatives are likely to increase market growth in the future.

However, the high investment cost is likely to hinder the growth of the market.

Scope of the Report

As per the scope, 5G, or fifth generation, is the latest wireless mobile phone technology, first widely deployed in 2019. 5G is expected to increase performance and a wide range of new applications, including strengthening e-Health (telemedicine, remote surveillance, telesurgery).
The 5G in Healthcare Market is Segmented by Component (Hardware, Connectivity, and Services), Application Connected Medical Devices, Remote Patient Monitoring, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Component
By Application
Connected Medical Devices
Remote Patient Monitoring
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East & Africa
South Africa
Rest of Middle East & Africa
South America
Rest of South America

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Key Market Trends

Services Segment is Expected to Hold a Significant Market Share Over the Forecast Period

Factors such as increasing adoption of 5G services, research studies, product/service launches, and other initiatives are expected to drive market growth in the upcoming future. Various research studies have been published about the insight of 5G services in healthcare. For instance, in October 2021, a research study published titled "5G Use in Healthcare: The Future is Present" stated that healthcare applications, especially telemedicine, have finally rapidly expanded, mainly because it enables physicians to remotely evaluate their patients. Telemedicine can assist in the more efficient and reasonable distribution of constrained healthcare assets, by delivering support with innovative service design that already exists, to distant areas where there is a shortage of physicians and other healthcare professionals, by reducing travel transport challenges and the associated carbon footprint. The new 5G information ecosystem greatly increases the productivity of both basic science and clinical research. The technologies greatly facilitate collaborative, multi-institutional studies and secondly through the access to massive data (BD), repositories, AI, and computational analytic software. The data is frequently being fed autonomously from the billions of devices, equipment, and instruments connected to the IoT. Product/service launches are another factor in the growth of the market. For instance, in November 2019, following the launch of BT’s 5G network in Birmingham, University Hospitals Birmingham NHS Foundation Trust (UHB) and BT are utlilising the technology to provide solutions for the healthcare sector. Such advancements are likely to boost the market growth.

 5G in healthcare market share

North America is Expected to Dominate the Market Over the Forecast Period

The North America region is expected to dominate the market in the upcoming future. Factors such as increasing infrastructure support, research studies, and launches are likely to fuel the growth of the market. 5G could revolutionize telemedicine and remote monitoring. Wearables and monitoring devices will connect patients directly to providers, making healthcare services more accessible and targeted. These advances, along with an aging population, will boost demand for care and spur job growth. The United States Bureau of Labor Statistics projects that employment growth in health care will be among the fastest for all industry sectors in the next decade. With the estimation that 5G will indirectly boost employment in the sector by 341,000 jobs and contribute USD 104 billion to GDP. In June 2020, Telus launched the first phase of its 5G network to bolster Canada’s economic productivity, improve virtual healthcare, and support digital education. Similarly, research studies are another factor in the growth of the market. For instance, in December 2019, a research study published titled "5G and intelligence medicine—how the next generation of wireless technology will reconstruct healthcare?" stated that 5G will provide better infrastructure for the patient-related data at a faster speed which would enhance the care. Similarly, launches are another key factor for the growth of the market. In February 2020, the strategic collaboration with Verizon, Microsoft, and Medivis made VA Palo Alto Health Care System (VAPAHCS) the first VA 5G-enabled hospital, and one of the first in the world. With such launches the market is likely to grow in the region.

Hence, due to the abovementioned factors, the market is likely to grow in the future.

5G in healthcare market forecast

Competitive Landscape

The market is partially fragmented and consists of several major players. Some of the companies which are currently dominating the market are AT&T, Verizon, Ericsson, T‑Mobile USA, Inc., and Cisco among others.

Recent Development

  • In May 2022, O2 Telefónica launched 5G SA network in hospital in Germany. The aim of the 5G project is to optimize the efficiency of existing medical systems.
  • In January 2022, Thailand launched the Association of Southeast Asian Nations (ASEAN) first 5G smart hospital. Under the agreement the Thailand Office of The National Broadcasting and Telecommunications Commission (NBTC), Siriraj Hospital, and Huawei Technologies (Thailand) Co., Ltd. have jointly launched the “Siriraj World Class 5G Smart Hospital.”

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Adoption of Telehealth Due to COVID-19

      2. 4.2.2 Rising Adoption of 5G-enabled Real-time Remote Patient Monitoring Devices

      3. 4.2.3 Ability to Share Large Patient Data

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Deployment of the 5G Network

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value – USD million)

    1. 5.1 By Component

      1. 5.1.1 Hardware

      2. 5.1.2 Services

      3. 5.1.3 Connectivity

    2. 5.2 By Application

      1. 5.2.1 Connected Medical Devices

      2. 5.2.2 Remote Patient Monitoring

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.3.4 Middle East & Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East & Africa

      5. 5.3.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 AT&T

      2. 6.1.2 Verizon

      3. 6.1.3 Ericsson

      4. 6.1.4 T-Mobile USA, Inc.

      5. 6.1.5 Cisco

      6. 6.1.6 TELUS

      7. 6.1.7 Telit

      8. 6.1.8 Telefonica Germany GmbH & Co. OHG

      9. 6.1.9 Vodafone Limited

      10. 6.1.10 Nokia

      11. 6.1.11 NEC Corporation

      12. 6.1.12 NTT Docomo Inc.

    2. *List Not Exhaustive

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Global 5G in Healthcare Market market is studied from 2019 - 2027.

The Global 5G in Healthcare Market is growing at a CAGR of 70% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

AT&T, Verizon, Ericsson, T‑Mobile USA, Inc., Cisco are the major companies operating in Global 5G in Healthcare Market.

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