Meticulous Research®, a renowned global market research company, recently published a report titled '5G in Healthcare Market by Component, Application, End User - Global Forecast to 2030.' According to this comprehensive study, the 5G in healthcare market is projected to soar to $166.1 billion by 2030, growing at a robust CAGR of 29.5% during the forecast period.

The report highlights several factors driving this growth, including advancements in telecommunication, faster patient data transmission via 5G, and the rising adoption of telehealth and nursing robots post-COVID-19. Additionally, the availability of low-cost sensors and the increasing use of 5G-enabled medical devices for patient monitoring are significant contributors.

The 5G in healthcare market is segmented into hardware, services, and connectivity based on components. In 2023, the hardware segment is expected to dominate due to the need for upgrading devices to utilize the latest technologies, demand for ultra-high bandwidth, and the need for massive connectivity.

Applications for 5G in healthcare include healthcare management software, remote healthcare, AR/VR, asset tracking for medical devices, and connected medical devices. Remote healthcare is anticipated to witness the highest CAGR, driven by the growing need for long-term home care, the increasing burden of chronic diseases, and the rising geriatric population. The demand for telehealth consultations and remote patient monitoring solutions is also on the rise.

Healthcare providers are expected to account for the largest market share in 2023, fueled by the need for 5G services for medical device tracking, patient monitoring, and healthcare data management. The increasing number of ambulatory centers and hospitals and the high adoption of 5G-enabled medical devices further bolster this segment.

Geographically, North America is predicted to lead the market, followed by Europe and Asia-Pacific. The U.S. is expected to hold the largest share in North America, attributed to high disposable incomes, a rising number of chronic disease patients, favorable government investments in healthcare digitalization, and advanced infrastructure for 5G services.

Key Players:
The key players operating in the 5G in healthcare market are AT&T Inc. (U.S.), Verizon Communications Inc. (U.S.), LM ERICSSON TELEPHONE COMPANY (Sweden), T Mobile USA, Inc. (U.S.), Cisco Systems, Inc. (U.S.), TELUS Corporation (U.S.), Telit corporate group (U.S.), Orange SA (France), Telefónica, S.A.(Spain), SAMSUNG ELECTRONICS CO., LTD. (South Korea), BT Group plc (U.K.), NEC Corporation (Japan), and QUALCOMM Incorporated (U.S.).

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Key questions answered in the report-
• Which are the high-growth market segments in terms of component, application, end user, and region/country?
• What was the historical market size for 5G in healthcare across the globe?
• What are the market forecasts and estimates for the period 2023–2030?
• What are the major drivers, restraints, challenges, opportunities, and trends in the global market of 5G in healthcare?
• Who are the major players in the global 5G in healthcare market?
• How is the competitive landscape, and who are the market leaders in the global 5G in healthcare market?
• What are the recent developments in the 5G in healthcare market?
• What are the different strategies adopted by the major players in the 5G in healthcare market?
• What are the geographical trends and high growth regions/countries?

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