Global Edge Computing in Healthcare Market Size, Trends, By Type (Hardware, Software & Services), By Application (Patient Monitoring, Telehealth Management, Telecare Services, Robotic Surgery, RPM, Others), By End Users (Hospitals, Clinics, Ambulatory Care Center, Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa): Growth Opportunity Analysis and Industry Forecast, 2023-2030.
Global Edge Computing in Healthcare Market
The Global Edge Computing in Healthcare Market was valued at USD 4.55 billion in 2022 and is expected to expand to USD 19.5 billion by 2030, at a CAGR of 16.60% during the forecast period 2023-2030.
Edge computing in healthcare can provide doctors with real-time data on important patient vitals such as heart rate & blood pressure, alerting them about problems or difficulties before they become too serious. Health computing assists in remote care by collecting patient data, and information, and initiating actions based on it.
Market Drivers
The increase in the number of edge computing devices has increased the demand for high-bandwidth applications with the growing use of internet services. Edge computing is rapidly gaining popularity across industries and acceptance globally by healthcare organizations due to its various benefits, including low latency, increased reliability, traffic distribution, and reduced costs.
Furthermore, edge computing is transforming the way clinics & hospitals manage their data, enabling faster, more accurate, and more efficient decision-making and reducing the burden on IT infrastructure. This technology is helping to drive global edge computing in the healthcare market.
Market Restraints
The high capital expenditure (CAPEX) and operating costs associated with edge computing systems restrain global edge computing in the healthcare market. Also, interoperability challenges related to edge computing systems across different healthcare systems cause hindrances to the market.
Market Segmentation
The global edge computing in the healthcare market is segmented into type (hardware, software & services), application (patient monitoring, telehealth management, telecare services, robotic surgery, RPM, others), and by end users (hospitals, clinics, ambulatory care centers, and others).
Regional Analysis
The global edge computing in healthcare market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the global edge computing in the healthcare market. The region has accounted for the largest market share followed by Europe. The rising number of partnerships & alliances among edge computing and technology providers for continuous technological innovations and advancements in edge computing has added to the growth of the market in the region.
Key Players
Various key players are discussed in the global edge computing in healthcare market report including; CISCO Systems, Inc., HUAWEI Technologies Co. Ltd., Dell Technologies, Inc., Amazon Web Services, Google, Inc., Microsoft Corporation, Intel Corporation, General Electric Digital, Hewlett Packard Enterprise Company, VMware, Inc., and Others.
Market Taxonomy
By Type
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