North America 5G In Healthcare Market Size, Share & Trends Analysis Report By Component (Hardware and Services), By End Use, By Application, By Country and Growth Forecast, 2024 - 2031

North America 5G In Healthcare Market Size, Share & Trends Analysis Report By Component (Hardware and Services), By End Use, By Application, By Country and Growth Forecast, 2024 - 2031

The North America 5G In Healthcare Market would witness market growth of 38.8% CAGR during the forecast period (2024-2031).

The US market dominated the North America 5G In Healthcare Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $147,538.8 million by 2031. The Canada market is experiencing a CAGR of 41.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 40.5% during (2024 - 2031).

The integration of 5G technology into the healthcare industry represents a monumental leap forward in delivering, accessing, and managing medical services. As one of the most transformative technologies of the 21st century, 5G is redefining connectivity by offering unprecedented speeds, ultra-low latency, and enhanced network reliability. These features drive innovations across industries, with healthcare emerging as one of the primary beneficiaries.

Moreover, the ability of 5G to handle vast amounts of data at lightning speeds is revolutionizing various aspects of healthcare, including telemedicine, remote patient monitoring, robotic-assisted surgeries, precision medicine, and medical research. This advancement is not merely a technological upgrade; it is a game-changing development poised to improve patient outcomes, increase efficiency in medical practices, and bridge the gap between patients and healthcare providers, regardless of geographical constraints.

Similarly, in Canada, healthcare expenditures reached approximately CAD 331 billion in 2022, according to the Canadian Institute for Health Information (CIHI). This significant investment reflects the country's dedication to maintaining and improving its healthcare system. The funds are allocated across various sectors, including hospital services, physician services, and public health initiatives, to ensure comprehensive care for all Canadians. The integration of technologies, such as 5G, is currently being investigated in order to improve patient access, enhance healthcare delivery, and support innovative medical research.

Based on Component, the market is segmented into Hardware and Services. Based on End Use, the market is segmented into Healthcare Providers, Healthcare Payers, and Other End Use. Based on Application, the market is segmented into Remote Patient Monitoring, Connected Medical Devices, AR/VR, Connected Ambulance, and Asset Tracking. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• AT&T Inc.
• Verizon Communications, Inc.
• Ericsson AB
• Cisco Systems, Inc.
• Nokia Corporation
• Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
• Orange S.A.
• Samsung Electronics Co., Ltd. (Samsung Health)
• NEC Corporation
• BT Group plc

North America 5G In Healthcare Market Report Segmentation

By Component

• Hardware
• Services

By End Use

• Healthcare Providers
• Healthcare Payers
• Other End Use

By Application

• Remote Patient Monitoring
• Connected Medical Devices
• AR/VR
• Connected Ambulance
• Asset Tracking

By Country

• US
• Canada
• Mexico
• Rest of North America