The global healthcare satellite connectivity market size is expected to reach USD 10.1 billion by 2025, at a CAGR of 7.1% according to a new report by Grand View Research, Inc. Globally, rising adoption of eHealth & other services and growing usage of technology platforms by hospitals & medical providers are crucial factors that boost the market growth.
Several
governments are working toward providing improved basic medical facilities in
rural areas with a key focus on improving connectivity infrastructure in
healthcare and provision of enhanced care services. Some of the players in
satellite connectivity are also undertaking projects in order to enhance
healthcare provisions in underserved regions. For instance, Satellite
Applications Catapult, a satellite technology company has collaborated with the
Cayetano Heredia University in Northern Peru to improve medical services in the
remote areas of Amazonia by providing enhanced connectivity solutions for
mobile healthcare facilities along with the usage of eHealth and mHealth
solutions.
Furthermore,
the increasing pressure on medical facilities due to reduced budgets, ageing
population, increasing number of patients with chronic conditions, shortage of
adequately trained medical staff & doctors, lack of proper infrastructure
in rural areas, and growing demand for real-time distance learning,
telemedicine, and video services of higher quality are some of the other
factors contributing to the growing adoption of satellite technology in
healthcare. According to the Federal Communications Commission, rural areas are
underserved by terrestrial broadband services as compared to urban areas. In
2016, 20 % did not have access to services at even 4 Mbps/1 Mbps and 31 %
lacked access to 10 Mbps/1 Mbps broadband services. Provision of high-speed
satellite technology would be a key solution to eliminate this geographic
barrier and offer superior medical facilities.
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Further key
findings from the report suggest:
- The system
& software segment held majority of market share amongst the component
segment in 2016 due to growing demand for data analytics in the healthcare
sector
- eHealth was
the dominating application segment in 2016 due to growing government
initiatives promoting integration of technology in healthcare
- Hospitals
& Clinics were the dominating end-use segment in 2016 with a share of
65.3% owing to the rising adoption of technology platforms for delivering
medical care
- Fixed mobile
services held majority of the market share in 2016 in the connectivity
segment with a share of 83%
- The Asia
Pacific market is expected to witness lucrative growth over the forecast
period owing to the improving infrastructure and increasing patient pool
- Key players
include Inmarsat plc; Hughes Network Systems LLC, SES S.A., X2nSat,
Expedition Communications, Globalstar, Eutelsat
Grand View Research has
segmented the healthcare satellite connectivity market on the basis of
component, application, end-use, connectivity, and region:
Component Outlook
(Revenue, USD Million, 2014 - 2025)
- Medical Device
- Wearable External Devices
- Implanted Medical Devices
- Stationary Medical Devices
- System & Software
- Remote Device Management
- Network Bandwidth Management
- Data Analytics
- Application Security
- Network Security
- Services
- System Integration Services
- Consulting, Training & Education
- Support & Maintenance Services
Application
Outlook (Revenue, USD Million, 2014 - 2025)
- eHealth
- Telemedicine
- Clinical Operations
- Others
- Connected Imaging
End-use Outlook
(Revenue, USD Million, 2014 - 2025)
- Clinical Research Organization
- Hospitals & Clinics
- Research & Diagnostic Laboratories
- Others
Connectivity
Outlook (Revenue, USD Million, 2014 - 2025)
- Mobile Satellite Services (MSS)
- Fixed Satellite Services (FSS)
Regional Outlook
(Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Nigeria
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About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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