5G stands for the fifth generation of mobile communication technology. With each generation's new technology and standards, there have been improvements in transmission speed and network capacity. 5G represents a big leap in cellular technology and in healthcare by providing essential levels of connectivity to enable a new health ecosystem, one that can meet the needs of patients and providers accurately, efficiently, cost-effectively, conveniently, and at a substantial scale. This massive network will include billions of low-bitrates and low-energy connected health monitoring devices, remote sensors, and clinical wearables, with 5G providing a backbone infrastructure for IoT.

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The 5G in healthcare market is valued at an estimated USD 215 million in 2021 and is projected to reach USD 3,667 million by 2026, at a CAGR of 76.3% during the forecast period. The increasing adoption of telehealth and robotics surgery due to COVID-19 and the rising adoption of 5G-enabled wearable medical devices for real-time remote patient monitoring are key factors driving the growth of this market.

5G in healthcare Market Dynamics

Drivers: Increasing adoption of telehealth and robotics surgery due to COVID-19

ICT and medical expertise have been a powerful combination for enhancing patient care for many years. Remote diagnosis and robotic-assisted surgery are commonly used across the globe, and the rapid pace at which ICT is evolving means that even greater possibilities for these techniques are becoming a reality.

Telemedicine requires a network that can support real-time high-quality video, which often means wired networks. According to a report by Frost Sullivan, telehealth will grow sevenfold by 2025, with a compounded annual growth rate of 38.2%, parallel with the emergence and rollout of 5G.

Several countries have shown growing support for telemedicine and telehealth and are beginning to establish statewide telehealth coverage, defined reimbursement policies, and a legal framework for telehealth practices. For instance, in April 2019, the Centers for Medicare Medicaid Services (CMS) announced and finalized changes in Medicare's telehealth policy to enable remote patient monitoring for patients to access the latest technology and improve the coordination of healthcare processes. Furthermore, due to the pandemic, healthcare delivery changed significantly.

Restraint: High cost of deployment of the 5G network

The transition from 4G to 5G technology would result in huge investments. The cost of the 5G infrastructure depends heavily on the required throughput density, periodic interest rate, and base station price. The reduction of these costs is important for effective and ultra-dense small cell deployments. The challenge for CSPs in transitioning to 5G is to justify the multibillion dollars of investments in new network equipment required to transform their network to a virtualized infrastructure, move services from 3G and 4G to 5G, all while protecting their business against the ever-increasing risks of disruptions and cyber threats.

Opportunities: Role of AI in 5G healthcare

An AI-powered, real-time remote monitoring solution enables caregivers to passively detect changes in conditions, reduce hospitalizations, and improve quality metrics. AI and 5G-enabled devices track users' daily living activities using novel gesture-detection algorithms and provide insights and predictive analytics around them, including sleep quality, fall risk, fall detection, drinking/hydration, activity patterns, wandering, and UTI risk. These data deliver important clinical insights to healthcare providers, helping them maintain continuous contact with and improve the well-being of those under their care. Internet of Things (IoT)-enabled medical devices and AI-powered data analysis can streamline health monitoring and create a fully “connected” hospital.

Challenges: Data breach and security concerns

Increased use of automated healthcare technologies offers greater reach and efficiency in healthcare delivery but has high-security risks due to the broader access offered. Approximately one-third of data breaches result in medical identity theft in the healthcare industry, mainly due to the lack of internal control over patient information, outdated policies and procedures or non-adherence to existing ones, and inadequate personnel training.

5G brings together applications that are dependent on data moving very quickly in a real-time environment. However, it is not just about faster speeds to the smartphone; it is about connecting devices and machines to each other. But integrating these devices to one another comes with its own set of concerns.

The prominent players in the 5G in healthcare market are ATT (US), Verizon (US), China Mobile Limited (China), Qualcomm (US), T-Mobile (US), Ericsson (Sweden), Telit (Poland), Telus (Canada), Vodafone (UK), Nokia (Finland), Samsung (South Korea), Deutsche Telekom AG (Germany), Orange SA (France), SK Telecom Co., Ltd. (South Korea), BT Group (UK) , NTT DOCOMO (UK), NEC Corporation (Japan), Telefónica (Spain), Airtel (India), Huawei Technologies Co., Ltd. (China), and Cisco (US). These companies adopted strategies such as service launches, business expansions, agreements, partnerships, collaborations, and acquisitions to strengthen their presence in the 5G in healthcare market.

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