Regional analysis
North America: North America held the largest market share in 2020. Major factors attributing to the market dominance are well-established healthcare infrastructure, rising prevalence of 5G technology, high demand for 5G healthcare solutions, increasing research and development, of 5G network design and implementation, rising treatment efficacy, new product launches, and the increasing number of diagnosed patients. The North American market for 5G in healthcare is growing at a considerable rate.
- US: The prominent players have operational facilities in the US with massive target audiences driving the demand for 5G in healthcare throughout the region. The industry players are involved in developing new 5G solutions to offer a better experience for their customers. Moreover, the collaboration and partnerships of the market players will bring a highly innovative, industry-leading product driving the demand for 5G in healthcare across the region during the assessment period.
Europe: Europe was the second-largest market shareholder in 2020. The market in the region is driven by significant investment by mobile operators to build 5G infrastructure. In addition, increasing demand for low latency across individual users and industry applications. Technological advancements in Germany and UK aid in driving the 5G in healthcare market growth in the region.
- Germany: The increasing number of connected devices and increasing digital transformation across industries fuel the 5G in healthcare market in Germany. 5G offers enormous innovation and value creation potentials in both the private and public sectors. Moreover, technological evolution improves the quality of life of people. Intelligent health care services, connected mobility, mobile eGovernment fuel the growth of the 5G adhoption in Germany. Moreover, the German government is assisting the public and private hospitals and clinics to promote healthcare tourism. These factors are driving the 5G in healthcare market throughout Germany.
Asia-Pacific: Asia-Pacific is projected to grow rapidly during the forecast period and is well-versed in increasing modernization in healthcare infrastructure.
- Japan: Japan is one of the most advanced countries in terms of technology. Connected medical devices holds the largest market share in Japan and is expected to grow progressively in the assumed study period. This is attributed to the surge in 5G healthcare solutions in Japan due to the rising technological advancements. Increased adoption of 5G networks substantial improvements in speed, capacity, and latency. The expansion of the 5G network evolution enbale operators handle the exponential growth in data traffic and connections. Moreover, it also generates new opportunities in artificial intelligence and virtual reality.
- India: As the country accelerates the digitization of its economy, 4G and 5G are becoming increasingly important. In developing 5G, technology companies are working with healthcare providers, governments, and other industry players to lay the foundation for the next generation of wireless technology. Expansion of the 5G spectrum offers the emergence of new and innovative digital technologies. Increasing modernization in healthcare infrastructure fuel the India 5G in healthcare market
Rest of the World: The Rest of the World includes Latin America, Africa, and the Middle East. Latin America is transforming its healthcare infrastructure and is investing in R&D activities to augment the 5G in healthcare market. Furthermore, the 5G in healthcare market in the Middle East & Africa is likely to witness significant growth due to improving healthcare facilities, supportive government regulations, and increasing adoption of digital healthcare solutions.
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