Global 5G healthcare market to reach $834.24b by 2032

APAC is projected to register the highest CAGR during the forecast period.

The global 5G healthcare market, valued at $50.64b in 2023, is projected to surge to $834.24b by 2032, growing at a 36.56% annual rate from 2024 to 2032, according to a report by SNS Insider.

The report said that the adoption of 5G technology is transforming healthcare by enabling high-speed, low-latency communication. This innovation facilitates real-time remote patient monitoring, telemedicine consultations, and seamless operation of connected medical devices.

The pandemic boosted telehealth adoption, pushing the demand for better communication networks. Rising cases of chronic illnesses and demand for personalized care are further driving growth. However, high deployment costs and data security concerns remain hurdles.

The Asia Pacific region is projected to register the highest CAGR during the forecast period, fueled by large-scale investments in digital healthcare infrastructure and the rising adoption of IoT in medical services.

China, Japan, and South Korea are leading the region’s transformation, supported by government-backed initiatives to integrate 5G into telemedicine and smart hospital solutions. Meanwhile, India is emerging as a key player, with the rapid expansion of 5G networks driving healthcare advancements in both urban and rural areas.