The COVID-19 pandemic has disrupted the global economy and had a significant impact on the healthcare industry. The pandemic has accelerated the adoption of 5G technology in the healthcare industry, as it enables real-time information transfer and remote patient monitoring. This article provides an analysis of the impact of COVID-19 on the 5G in healthcare market and discusses the future outlook of the market.
Impact of COVID-19 The COVID-19 pandemic has led to a significant increase in the demand for telemedicine and remote patient monitoring services. With the increasing need for social distancing, healthcare providers are increasingly adopting 5G technology to provide remote healthcare services. 5G technology enables healthcare providers to remotely monitor patients in real-time, reducing the risk of exposure to healthcare workers and patients.
The pandemic has also led to an increase in the demand for medical imaging services. With the increasing need for accurate and timely diagnosis of COVID-19 patients, healthcare providers are increasingly adopting 5G-enabled medical imaging services. 5G technology enables healthcare providers to transfer large amounts of data quickly and efficiently, enabling real-time diagnosis and treatment.
Future Outlook The adoption of 5G technology in the healthcare industry is expected to continue to grow in the post-pandemic era. The market is expected to grow at a CAGR of 48.8% during the forecast period, from USD 28.08 million in 2020 to USD 602.58 million by 2027.
The increasing demand for telemedicine and remote patient monitoring services is expected to drive the growth of the 5G in healthcare market. The market is also expected to be driven by the increasing demand for medical imaging services and the need for high-speed internet connectivity in healthcare facilities.
Moreover, the increasing adoption of connected devices in healthcare is expected to drive the growth of the 5G in healthcare market. The market is expected to be driven by the increasing demand for 5G-enabled medical devices such as wearables and sensors.
Conclusion The COVID-19 pandemic has accelerated the adoption of 5G technology in the healthcare industry. With the increasing need for telemedicine and remote patient monitoring services, healthcare providers are increasingly adopting 5G technology to provide remote healthcare services. The adoption of 5G technology is expected to continue to grow in the post-pandemic era, driven by the increasing demand for telemedicine, medical imaging services, and connected devices in healthcare. The 5G in healthcare market is expected to grow at a significant pace, presenting opportunities for market players to develop innovative products and services to cater to the growing demand.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.