Significant growth opportunities are estimated for 5G in the healthcare market in the near future. Telemedicine has now become the ultimate option for providing healthcare facilities to patients.
FREMONT, CA: Significant growth opportunities are estimated for 5G in the healthcare market in the near future. The major determinants for this growth are the rising adoption of robotics surgery and telehealth during the pandemic. The demand for 5G enabled wearable healthcare devices- with real-time remote monitoring features- is also a vital factor for 5G market growth. Furthermore, the other key factors for 5G market growth are low-cost sensors and advancements in telecommunication. The capability of 5G technology in transmitting large patient data files immediately also adds as a driving factor to generate demand avenues in the market. On the contrary, the high deployment cost of the 5G limits the growth possibilities in the market.
Medical expertise and Information and communications technologies (ICT) have been a compelling combination to improve patient care for many years. The most commonly applied healthcare practices are robotic-assisted surgery and remote diagnosis. Telemedicine demands a network to support real-time high-resolution videos which is commonly related to wired networks. Many countries globally have shown interest in increasing support for telehealth and telemedicine. These countries are working towards the establishment of state-wide health coverage, defined reimbursement policies, and the legal framework for telehealth practices. These factors are anticipated to produce diverse opportunities for the 5G sector.
After the sudden outbreak of the pandemic, healthcare delivery has changed significantly, the hospitals and nursing homes have become likely exposure zones with patients requiring immediate medical care. Therefore, Telemedicine has now become the ultimate option for providing healthcare facilities to patients. This healthcare delivery can be transformed to a great extend by the implementation of a 5G network and a high standard of virtual care.