Healthcare Satellite Connectivity Market - Growth, Trends, Covid-19 Impact, And Forecasts (2022 - 2027 )

The Healthcare Satellite Connectivity Market is segmented By Component (Medical Device, Software, Services), By Connectivity (Mobile Satellite, Fixed Satellite), By End-use (Clinical Research Organization, Hospitals & Clinics, Research & Diagnostic Laboratories), By Application (Telemedicine, Clinical Operations, Connected Imaging), and by 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 Sanpshot

Healthcare Satellite Connectivity Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 7.1 %
Healthcare Satellite Connectivity Market Major Players

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Market Overview

The global healthcare satellite connectivity market studied is expected to grow with an estimated CAGR of 7.1%, over the forecast period.

The Covid-19 pandemic had affected the demand for global healthcare satellite connectivity market in 2020. The COVID-19 pandemic has resulted in a dramatic acceleration in the use of telehealth, with the percentage of customers using it to replace postponed medical visits rising from 11% in 2019 to 46% in 2020. According to data released by the United States National Library of Medicine and National Institutes of Health in November 2020, several hospitals and medical practices have switched to using telemedicine to conduct unneeded appointments as the coronavirus epidemic persists. An analysis of patterns at NYU Langone Health (New York, United States) revealed an 80% reduction in in-person visits and a 68.3% increase in telemedicine visits in 2020.

The chronic diseases like hypertension, high-cholesterol, arthritis, coronary heart diseases, diabetes, kidney disorders, depression, heart failure, Alzheimer’s disease, chronic obstructive pulmonary diseases are more common in the geriatric population. The global market for healthcare satellite connectivity has grown over time as the population ages and healthcare costs rise. These elements help the industry accept new technology more quickly. The best way to enable technology in medical services to deliver better healthcare is through satellite communication.

The growing healthcare spending on the development of telemedicine, eHealth, mHealth, and other telehealth technologies is currently driving the global healthcare satellite connectivity market. A significant development in the field of telemedicine and mobile healthcare is satellite-enabled technology. The market for healthcare satellite connection received a boost from rising device and consumer demand. The market's expansion has also been aided by the Internet of Things' (IoT) rapid adoption and rising demand for secure medical services. The adoption of information technology in medical offices and hospitals has also sped up the expansion of the global market for satellite connectivity in the healthcare industry.

In many rural areas, lack of healthcare infrastructure, skilled workforce, and access to quality health services is observed in developing countries. The combination of satellite communication and technology-enabled services helps to enhance access to better healthcare in these underserved locations. Through the use of satellite communication, medical practitioners can learn to diagnose more remotely by using digital imaging, remote patient monitoring, consulting, and access to live sessions.

Scope of the Report

As per the scope of this report, healthcare satellite connectivity helps to provide means for diagnosis and treatment virtually, and refers to the use of information and communication technology to enhance patient outcomes by increasing access to treatment and medical data. The Healthcare Satellite Connectivity Market is segmented By Component (Medical Device, Software, Services), By Connectivity (Mobile Satellite, Fixed Satellite), By End-use (clinical Research Organization, Hospitals & Clinics, Research & Diagnostic Laboratories), By Application (Telemedicine, Clinical Operations, Connected Imaging), and by 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.

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Key Market Trends

Hospitals & clinics segment is Expected to dominate the market over the forecast period

The hospitals & clinics segment held the majority of the market. Some of the factors that contribute to the large share of the segment include the rising demand for effective hospital operations management, workflow streamlining, increased focus on improved patient safety, rising need to reduce associated high costs, and reduction of prescription and dispensing error.

The use of technology to manage and streamline operations in hospitals and clinics has increased.. Adopting technological solutions in a hospital's core operations has a number of advantages, including the ability to remotely monitor a patient's data and analyze it using real-time location systems (RTLS) are used to keep an overall patient database record and to monitor patient status in real-time, allowing for the delivery of improved therapies. As per the Pubmed Central publications, RTLS can also be used to track patients physical movements, especially in the case of Alzheimer's and dementia patients. When a patient comes too close to an entrance or an exit, for example, or wanders away from a designated area or tries to escape the building, an RTLS can warn staff and locate the resident.

Healthcare Satellite Connectivity Market Share

North America segment is Expected to dominate the market over the forecast period

With respect to geography, North America leads the global healthcare satellite connectivity market. The growing adoption of internet infrastructure & connectivity along with the rising number of Internet users is leading to the growth of the satellite connectivity market in this region. North America, being economically and technologically advanced, has solid internet connectivity with improved telecommunication technologies which boosted the healthcare satellite connectivity market in North America region. The United States has been considered as the biggest market in the region because of the huge usage of telemedicine and telehealth services. In the United States, collaboration the telemedicine providers with insurance providers have been strengthening the growth in global healthcare satellite connectivity market. In the past few years, North America dominated the market.The presence of high-speed Internet, advanced telecommunication technologies, and the increasing need for integration of such technologies in healthcare are boosting the growth of the market in North America. Besides, a rise in chronic diseases that require critical care, and the presence of sophisticated healthcare infrastructure are further likely to drive healthcare satellite connectivity market growth over the forecast period.According to the National Diabetes Stastics Report 2022, 11.3% of United States population has been suffering with Diabetes

Healthcare Satellite Connectivity Market Growth

Competitive Landscape

The healthcare satellite connectivity market is moderately competitive and consists of small number of major players. In terms of market share, small number of major players are currently dominating the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market by using new technologies. Major market players operating in the healthcare satellite connectivity market include Expedition Communications, Globalstar, SES S.A., Hughes, and Inmarsat plc.

Recent Development

  • In May 2022 DEWA-SAT1 is the  first satellite that the Dubai Electricity and Water Authority (DEWA) has launched. Wyld Networks has teamed with the DEWA R&D Center and Infra X, the telecom division of Digital DEWA, to create IoT terminals to enable the new satellite IoT network.
  • In July 2022 Neom Tech and OneWeb agree to a USD200 million for satellite network agreement.In the region, where access to fiber-like internet was previously unthinkable, Neom's ecosystem of cognitive technologies will transform companies and rural communities  with OneWeb's Low Earth Orbit (LEO) satellite constellation.
  • In July 2022 The Hughes JUPITER System makes use of technology and capacity to connect community centres, health clinics, and schools in Mexico's most remote and rural areas.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Defination

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Government Initiatives for Promotion and Development of Satellite Connectivity

      2. 4.2.2 Rising Adoption of eHealth

    3. 4.3 Market Restraints

      1. 4.3.1 Insufficient Penetration of Internet Services in Remote Areas

      2. 4.3.2 Bandwidth problems

    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

    1. 5.1 By Component

      1. 5.1.1 Medical Device

      2. 5.1.2 Software

      3. 5.1.3 Services

    2. 5.2 By Application

      1. 5.2.1 Telemedicine

      2. 5.2.2 Clinical Operations

      3. 5.2.3 Connected Imaging

    3. 5.3 By Connectivity

      1. 5.3.1 Mobile Satellite Services

      2. 5.3.2 Fixed Satellite Services

    4. 5.4 By End User

      1. 5.4.1 Clinical Research Organization

      2. 5.4.2 Hospitals and Clinics

      3. 5.4.3 Research and Diagnostic Laboratories

      4. 5.4.4 Others

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canda

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 France

        3. 5.5.2.3 United kingdom

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia Pacific

      4. 5.5.4 Middle East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Inmarsat Global Limited

      2. 6.1.2 Hughes Network Systems

      3. 6.1.3 SES S.A.

      4. 6.1.4 X2NSat

      5. 6.1.5 Expedition Communications

      6. 6.1.6 Globalstar

      7. 6.1.7 Eutelsat Communications SA

      8. 6.1.8 AT&T Intellectual Property

      9. 6.1.9 DISH Network L.L.C.

      10. 6.1.10 Ligado Networks

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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

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Frequently Asked Questions

The Healthcare Satellite Connectivity Market market is studied from 2019 - 2027.

The Healthcare Satellite Connectivity Market is growing at a CAGR of 7.1% over the next 5 years.

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

North America holds highest share in 2021.

Inmarsat Global Limited, Hughes Network Systems, Eutelsat S.A, DISH Network LLC, Ligado Networks are the major companies operating in Healthcare Satellite Connectivity Market.

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