Global Satellite Connectivity in Healthcare Market was valued at USD 8.1 billion in 2019 which is expected reach USD 13.1 billion at a CAGR 7.5% according to a new report by Qualiket Research.
Growing adoption of eHealth and other services as well as the rise in usage of technology platforms by hospitals and medical providers are driving factors that propel the market growth. The global Satellite Connectivity in healthcare market gaining popularity from past few years and it is expected to grow in near future due to increase in prevalence of chronic diseases and increase in treatment costs. These driving factors will accelerate the adoption of faster technology in healthcare sector. Satellite connectivity is the best solution for better health services.
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Rise in adoption of eHealth and other services as well as growing usage of technology platforms by hospitals and medical providers are important driving factors which are expected to boost the global satellite connectivity in healthcare market. Furthermore, many governments are working towards providing improved healthcare facilities in rural areas which is expected to propel the global satellite connectivity in healthcare market growth. Also, growing prevalence of chronic diseases like diabetes, increase in medical services costs will enhance demand for advanced technologies in healthcare industry which is expected to drive the market growth during this forecast timeline. Many rural areas facing challenges such as lack of healthcare infrastructure, skilled healthcare professionals and access to health services, to overcome such challenges satellite connectivity is the best solution. Satellite connectivity offer digital imaging, e-learning & consultation, remote patient monitoring, and access to life sessions to improve knowledge of healthcare professionals.
Bandwidth problems and lack of trained professionals to handle this technology are restraining factors which expected to limit the global satellite connectivity in healthcare market growth. Also, low penetration of internet services in remote areas will hinder the market growth during this forecast period.
Various key players are listed in this report including AT&T Intellectual Property, Orbcomm , Intelsat , Inmarsat Plc. , Hughes , Ses S.A. , Globalstar, Inmarsat Plc, X2nSat, and Expedition Communications.
Global Satellite Connectivity in Healthcare Market is segmented into Component, application, Connectivity, End Use, and Region.
On the basis of component market is categorized into Medical device (Wearable External devices, Implanted Medical devices, and Stationary Medical devices), System & Software (Data Analytics, Remote Device management, Network Bandwidth Management, and Network security), Services (System Integration services, Consulting, Training, & Education, and Support & Maintenance Services).
On the basis of application market is categorized into eHealth, and others.
On the basis of connectivity market is categorized into Mobile Satellite Services, and Fixed Satellite Services.
On the basis of end use market is categorized into Clinical Research Organization, Hospitals & Clinics, Research & Diagnostic Laboratories, and Others.
On the basis of region, the Global Satellite Connectivity in Healthcare Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America leads the global satellite connectivity in healthcare market due to availability of advanced healthcare infrastructure and advanced telecommunication technologies. APAC is anticipated to be the fastest growing region with increasing spending on healthcare, the rise in government initiatives, and growing adoption of digital and advanced technologies.
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Impact of COVID 19
The recent COVID-19 pandemic has led satellite connectivity in healthcare market growth due to drastic the increase in the number of patients, pressure on doctors to provide advanced healthcare services. As the increase in number of COVID 19 cases, people are discovering new ways to monitor their health. It is expected to positively influence the satellite connectivity in healthcare market growth.
- Qualiket Research provide in depth analysis with latest market trends and key developments.
- The Satellite Connectivity in Healthcare Market report covers various key players with their strategies, which predictive competitive analysis of the market.
- The Satellite Connectivity in Healthcare Market report provides comprehensive analysis of various factors such as drivers, restraints, and opportunities over the forecast period.
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