Edge Computing in Healthcare Global Market Report 2023: Growing Adoption of IoT Medical Devices Boosts Sector
DUBLIN, June 9, 2023 /PRNewswire/ -- The "Edge Computing in Healthcare Market by Component (Hardware, Software, Services), Application (Diagnostics, Robotic Surgery, Telehealth, RPM, and Ambulances), End User (Hospitals, Clinics, Ambulatory Care Center), & Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
Edge computing in the healthcare market is anticipated to grow from an estimated USD 4.1 billion in 2022 to USD 12.9 billion in 2028, at a CAGR of 26.1% during the forecast period.
Edge computing is gaining popularity across industries as there is a rise in the number of devices, which has increased the demand for high-bandwidth applications with the growing use of internet services. Edge computing is rapidly gaining acceptance worldwide by healthcare organizations due to various benefits, including low latency, traffic distribution, increased reliability, and reduced costs
Hardware: The hardware segment is estimated to account for the largest market share in 2022
The high market share by hardware is owed to the high-scale deployment of edge hardware by healthcare organizations to achieve high performance, scale, and flexibility. Vendors in the market offer comprehensive edge hardware (edge systems for computing, storage, and networking) and hardware components (computing systems, gateways/routers, servers, and physical data centers) that complete the entire edge infrastructure. Edge hardware act as a backbone to establish communication and connection for enabling core edge functions, such as collection, filtering, processing, transmission, monitoring, and routing.
Telehealth & remote patient monitoring application account for the largest market size during the forecast period
Based on application, the market is segmented into diagnosis, telehealth & remote patient monitoring, robotic surgery, ambulances, and other applications. Telehealth and remote patient monitoring is expected to hold the largest market size during the forecast period. By leveraging edge computing, telehealth providers can offer a more seamless and integrated patient experience, improving patient engagement and satisfaction. Patients can receive remote consultations with healthcare professionals, access medical records, and monitor their own health and wellness using wearable devices, all from the comfort of their own homes
Europe accounted for the second-largest share i edge computing in the healthcare market during the forecast period
North America is expected to hold the largest market size in the edge computing market, followed by Europe, due to the presence of plenty of edge computing vendors, early technological adoption of smart technologies, rising strategic partnerships, and demand for workload-centric IT infrastructure. Various government initiatives and imminent needs among European and North American enterprises to handle data present a strong opportunity for edge computing vendors to expand locally. The adoption of edge computing solutions is increasing in Asia Pacific and Latin America due to the growing deployment of cloud-based services, the need for improving network connectivity, the rise in technology assimilation, and the increasing awareness of the benefits of edge computing.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Industry Trends
7 Edge Computing in Healthcare Market, by Component
8 Edge Computing in Healthcare Market, by Application
9 Edge Computing in Healthcare Market, by End-User
10 Edge Computing in Healthcare Market, by Region
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/5me4z1
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