Security News > 2021 > October > 5G healthcare market to reach $3.667 million by 2026

The 5G healthcare market is projected to reach $3.667 million by 2026, at a CAGR of 76.3% between 2021 and 2026, according to MarketsandMarkets.

This massive network will include billions of low-bitrates and low-energy connected health monitoring devices, remote sensors, and clinical wearables, with 5G providing a backbone infrastructure for IoT. The 5G in healthcare market is valued at an estimated $215 million in 2021 and is projected to reach $3.667 million by 2026, at a CAGR of 76.3% during the forecast period.

Based on application, the 5G healthcare market is segmented into remote patient monitoring, connected ambulance, connected medical devices, asset tracking for medical devices, and AR/VR. The connected medical devices segment accounted for the largest share of the 5G in healthcare market in 2020.

The high burden of COVID-19, increasing healthcare costs, strong government support and initiatives, and the growing focus on the quality of care and patient safety are further driving the market for connected medical devices in the 5G healthcare market.

The healthcare providers segment accounted for the largest share of the 5G in healthcare market in 2020.

Asia Pacific was the largest regional market for 5G healthcare market in 2020.

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