5G in Healthcare Market Size & Share 2022 to 2030
Market Size by Offering (Hardware, Services), by Application (AR/VR, Virtual Consultations, Remote Patient Monitoring, Connected Ambulance, Inventory Management Devices), by End Use (Healthcare Providers, Healthcare Payers) & Forecast.
Report ID: GMI5317
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Published Date: August 2022
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Report Format: PDF
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Authors:
Monali Tayade, Jignesh Rawal
5G in Healthcare Market Size
5G in Healthcare Market size surpassed USD 2.5 billion in 2021 and is projected to register more than 35% CAGR between 2022 and 2030. Increasing integration of emerging & latest technologies with 5G will drive the market growth.
The healthcare industry is undergoing a notable transformation, with the introduction of a variety of advanced technologies that make diagnosis more accurate and treatments more efficient. The rollout of the 5G technology in the healthcare sector has created several business opportunities for medical professionals.
The adoption of 5G networks can offer significant computational abilities to operate virtual systems, boosting cloud deployment. The technology will strengthen the integration of IoT devices across medical facilities. The availability of digital networks and increasing access to broadband in several countries will represent new prospects for solution providers.
However, the high deployment cost of 5G networks may hamper the 5G in healthcare market expansion. The cost of 5G infrastructure is heavily influenced by various factors, such as required annual interest rate, throughput density, and base station pricing, which is over five times that of the lower frequencies deployed in 4G LTE. Also, in low-middle income nations, the high cost of 5G medical technologies and equipment could prevent most healthcare providers and payers from adopting 5G network.
Virtual consultations via 5G to expand reach of healthcare services
5G in healthcare market share from the virtual consultation applications was valued at more than USD 1 billion in 2021. The World Health Organization (WHO) encouraged medical institutes to conduct virtual consultations and use telemedicine as a primary practice to overcome the challenges associated with the COVID-19 pandemic. Several governments have since adopted supportive strategies to initiate these consultations.
5G in Healthcare Market Analysis
The hardware segment is projected to surpass USD 47 billion by 2030. Hardware devices that use 5G solutions enable seamless digitization of healthcare processes. It fueled the use of 5G connectivity. Some examples of 5G hardware include 5G small cells, Wi-Fi, and network equipment. 5G technology in hardware devices is used in areas such as data transmission, telediagnosis, wearable devices, and telerobotic surgery, among others.
The healthcare provider segment is predicted to exceed USD 60 billion by 2030. The asset tracking systems are integrated with 5G technology that deliver innovative features. These include quick and easy access to medical equipment in real-time, reduced procurement costs, improved inventory management, and enhanced accuracy for healthcare providers.
The North America 5G in healthcare market size will surpass USD 17 billion by 2030. Numerous variables, such as rising prevalence of coronary artery diseases (CAD), rapidly aging population, and novel product launches by key market players are contributing to the regional industry expansion. Increasing awareness regarding the benefits of introducing 5G technology in healthcare products and services will accelerate the technology deployment.
5G in Healthcare Market Share
are some of the renowned companies involved in market. These organizations are entering into strategic partnerships, mergers, and acquisitions to expand their market presence.
COVID-19 Impact
The COVID-19 pandemic had a positive impact on the market forecast, as it amplified the adoption of cutting-edge medical devices and solutions. Healthcare professionals faced a greater risk of contracting the infection, creating a bigger impact on hospitals and diagnostic facilities. These centers can use 5G services to support critical processes, which include robotic surgery, patient monitoring, contact tracing, diagnostic imaging tests, emergency medical services, and robot-assisted tele-ultrasound.
The 5G in healthcare market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2030 for the following segments:
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Market, By Offering
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →