5G tech value in healthcare market to hit US$80 billion by 2030

According to a new research report by Global Market Insights Inc., the vast majority of the underprivileged population in emerging economies and in more remote areas of the US does not have a proper access to high-quality medical facilities. 5G technologies can be useful in such cases as it will give doctors the opportunity to increase the reach of their services by conducting virtual consultations to understand a patient’s health status.

The report states: “Innovative digital technologies have improved the delivery of care to patients living in remote locations, thereby reducing the need for emergency visits and hospitalisation. Since the Covid-19 pandemic in 2020, the deployment of communication networks in healthcare services has increased the number of telehealth visits. The percentage of people applying for Medicaid and Medicare insurance and reimbursements has also risen significantly, bolstering the demand for 5G networks.”

When it comes to the kind of conditions and patients that could benefit from more regular remote monitoring services, the report’s authors noted that asthma is among the major noncommunicable diseases that require continuous monitoring to improve the diagnosis and treatment. For instance, according to the World Health Organization data for 2019, nearly 262 million people were suffering from asthma across the globe. Similar factors are likely to drive the demand for remote patient monitoring solutions and fast communication technologies.