Report Overview

Growing use of telehealth and robotic surgery amid COVID-19 pandemic, increasing adoption of 5G-enabled wearable medical devices for real-time remote patient monitoring, the ability of 5G technology to quickly transmit large patient data files, advancements in telecommunications, and the availability of low-cost sensors are expected to drive the exhilarating growth of India 5G in healthcare market at an impressive high growth rate during the forecast period between 2022 and 2030.

India 5G in Healthcare Market - Industry Trends & Forecast Report, 2030

India 5G in Healthcare Market size is projected to grow at a CAGR of 69.7% during the forecast period between 2022 and 2030. Growing adoption of robotic surgery and telehealth is driving the India 5G in healthcare market. Major driving factors for the market growth include increased telecommunications development, deployment of 5G-enabled wearable medical devices, ability of 5G technology to transfer massive patient data files at light speed, and availability of low-cost sensors. Government and key market players' increasing investments in 5G deployment in healthcare are also propelling the market growth. For example, the Government of India launched a special incentive program in 2021 to support 75 startups in telemedicine and digital health. Because of the increased patient burden, the COVID-19 pandemic had a significant impact on India healthcare industry, particularly hospitals. 5G enables the increasing access of advanced technologies, such as internet of things (IoT), big data, cloud computing, artificial intelligence (AI), and smart healthcare.

India 5G in Healthcare Market - Overview

A new health ecosystem that can accurately, effectively, conveniently, affordably, and at a sizeable scale meeting the needs of patients and providers will be made possible by 5G technology, which promises to deliver the necessary levels of connectivity. Many current use cases will be improved by 5G while new ones that are not currently possible with the current mobile technology will be created, such as remotely performed patient examinations and even operations. 5G technology helps to meet the increasing need for dependable connections for vital healthcare services. 5G is one of the world's fastest and most durable technologies. That means faster downloads, significantly less lag, and a significant impact on every aspect of human lives. Large files from MRIs and other image machines frequently need to be sent to a specialist for review. The transmission may take a long time or fail to send when the network has insufficient bandwidth. As a physician can meet fewer patients for consultation in the same amount of time, the patient must wait even longer for treatment. Massive data files of medical imagery can be transported quickly and reliably using a high-speed 5G network, which can enhance both access to care and the standard of care. 5G in healthcare will also expand telemedicine, real-time remote monitoring, and AI. By enabling all these technologies via 5G networks, healthcare systems can improve the quality of care and patient experience, as well as lower healthcare costs.

Growth Drivers

Rapid transition to smart healthcare from conventional healthcare systems

The traditional hospital-focused systems of smart healthcare are quickly giving way to distributed patient-focused systems. Numerous technology developments have sped up the healthcare industry's revolution. Advanced diagnostic tools are used in smart healthcare systems to offer patients advanced treatments and raise the standard of care by supplying real-time information. It allows for remote check-up services that shorten treatment times and costs and help healthcare providers extend their reach beyond local boundaries. A combination of IoT devices and 5G-enabled smart healthcare devices needs better network performance and expanded cellular coverage. To address the diverse communication needs of healthcare applications, 5G networks are being designed to support these devices.

Ability of 5G technology to transmit large patient data files quickly

With an increase in the number of applications and their reliance on the network, the healthcare sector is one of the fastest-expanding markets. This will result in complex demands being placed on the network in terms of bandwidth, data rate, and latency, among other factors. Many of the new connectivity requirements for healthcare providers are met by 5G technology. These include the higher connection densities, faster speeds, lower latency, and quality of service (QoS) guarantees required to develop new use cases. The healthcare sector's IT services and applications will soon be more connected than ever due to the development of innovative 5G technologies. The speed, coverage, and responsiveness of wireless networks in the healthcare sector will all significantly increase owing to cellular technology. Therefore, the healthcare sector's growing need for faster and more dependable data transmission is expected to fuel the growth of India 5G in healthcare market.

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

COVID-19 pandemic caused uncertainties and panic, and seeking medical advice was frequently necessary during the pandemic period when strict restrictions were in place. At that point, healthcare professionals realized that telehealth was the only safe way for them to deliver medical care and assistance. For instance, telehealth represented less than 5% of India's overall healthcare IT market before COVID-19 pandemic, but it increased to 47% during the pandemic, as noted by Neeraj Lal, chief operating officer of Apollo Hospitals in Ahmedabad. Telehealth has altered the way that healthcare is provided in India. During the pandemic, the use of surgical robots has also increased. The COVID-19 pandemic puts hospitals under unprecedented pressure. To fight the dangerous viral infection, automation and artificial intelligence are becoming more important in healthcare. Their impact on surgical performance and management may well outlive the pandemic. Robots can be integrated into various parts of the sequence that each surgical patient travels through during their hospital stay to effectively reduce the spread of pathogens. This workflow can be broken down into pre-operative care, anesthesia, surgical procedure, and post-operative care, with the overall goal of robotic integration to reduce contact between the patient and the healthcare provider at each stage of this workflow.

Restraints

High cost of 5G network deployment

Huge investments would be required to make the switch from 4G to 5G technology. The base station price, periodic interest rate, and required coverage density all have a significant impact on the cost of the 5G infrastructure. For effective and ultra-dense small-cell deployments, these costs must be reduced. To move services from 3G and 4G to 5G and transform their network to a virtualized infrastructure, communication service providers (CSPs) are required to invest billions of dollars in new network equipment. At the same time, they must safeguard their operations against the rising risks of disruptions and cyber threats. To fully take advantage of what 5G has to offer, telecommunication service providers (telcos) must make the switch to a standalone model. They will need a distributed, standalone network with an edge compute platform, network slicing, and control/user plane separation to successfully woo enterprise customers with low latency applications. The current standalone deployments have facilitated telcos' hasty development of their 5G rollout strategies, which are centered on providing consumers with fixed and mobile broadband services.

Impact of COVID-19 on India 5G in Healthcare Market

The healthcare sector has made significant efforts to transform its current infrastructure to combat the spread of COVID-19. The ongoing crisis has sped up the transition to digital healthcare systems, placing a greater emphasis on the adoption of remote care/telehealth services, thermal imaging solutions, averting future health crises, and utilizing cutting-edge technologies. All these services require a significant amount of bandwidth, especially online medical consultations that use real-time video conferencing and image transmission. High bandwidth and dependable data connectivity services are possible with 5G networks. The market for 5G in healthcare in India has expanded since the pandemic and is projected to expand rapidly during the period in analysis.

India 5G in Healthcare Market

Segmental Coverage

India 5G in Healthcare Market - By Component

India 5G in healthcare market based on component has Hardware, Services (Professional Services, Managed Services), and Solutions segments. Among them, the hardware segment is expected to dominate India 5G in healthcare market during the forecast period. This is due to the frequent replacement or upgrading of devices required to make the best use of the most recent technologies available on the market. In addition, development of technology and the rise in demand for ultra-low latency, massive connectivity, and high bandwidth are expected to create opportunities for the hardware market to expand.

India 5G in Healthcare Market - By Application

On the basis of application, India 5G in healthcare market has Connected Medical Devices, Remote Patient Monitoring, Asset Tracking for Medical Devices, AR/VR, Connected Ambulance, and other segments. Because of the growing geriatric population and increased demand for remote health checkups, the remote patient monitoring segment is expected to hold the highest market share during the forecast period. Remote patient monitoring is essential for chronic disease management as well as efficient and proactive healthcare delivery. The high burden of COVID-19 cases, rising healthcare costs, and consumers' increased focus on individual health are expected to drive the growth of remote patient monitoring segment in India 5G in healthcare market by application.

India 5G in Healthcare Market - By End User

By end user, India 5G in healthcare market has Healthcare Providers, Healthcare Payers, and other segments. Among them, the healthcare providers segment is expected to dominate the market. It is due to an increase in the use of wearable medical devices with 5G technologies, and an increasing demand for better technologies, and growing patient volume and number of hospitals and ambulatory care centers.

India 5G in Healthcare Market – By Region

Geographically, India 5G in healthcare market has four major regions: North India, South India, East India, and West India. On October 01, 2022, the Prime Minister of India, Shri. Narendra Modi launched 5G services in Pragati Maidan, New Delhi, ushering in a new technological era. The sixth iteration of the India Mobile Congress (IMC) was also officially opened by the prime minister, who also attended the IMC Exhibition. The Prime Minister has launched 5G in a few cities, and over the following few years, it will gradually expand to the entire nation. The 13 cities where 5G networks are launching first are Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, Gandhinagar, Gurugram, Hyderabad, Jamnagar, Kolkata, Lucknow, Mumbai, and Pune. Airtel is the first telecom operator in India to officially launch 5G services. Airtel 5G Plus service has now been launched in eight cities by one of the country's largest telecom operators. Meanwhile, Reliance Jio is launching 5G service in four cities: Delhi, Kolkata, Mumbai, and Varanasi.

Competitive Landscape

The India 5G in healthcare market is fiercely competitive, with GE Healthcare, Cisco Systems, Inc., Samsung, Ericsson, Apollo Telehealth, Vodafone Idea Limited, Zyter, Nokia Corporation, Siemens, Bharti Airtel, Reliance Jio Infocomm Ltd., and Tata Communications. Key strategies used by these market leaders are new product and service launches, mergers and acquisitions, partnerships, collaborations, and joint ventures. To further grow their market share, these companies are also focusing on investing in innovations and expansions.

Recent Developments

• In October 2022 – Medulance Healthcare, an India-based provider of emergency medical response service provider, forged the partnership with Reliance Jio to launch its 5G-smart connected ambulance services.

• In July 2022 – GE Healthcare opened its first 5G Innovation Lab in Bengaluru, Karnataka, India to develop future-ready healthcare products and solutions.

Scope of the Report

 By Component

• Hardware

• Services

1. Professional Services

2. Managed Services

• Solutions

By Application

• Connected Medical Devices

• Remote Patient Monitoring

• Asset Tracking for Medical Devices

• AR/VR

• Connected Ambulance

• Others

By End User

• Healthcare Providers

• Healthcare Payers

• Others

By Region

• North India

• South India

• East India

• West India