Edge Computing in Healthcare Market Expected to Cross USD 43.29 Billion By 2032, Driving 26.3% CAGR Growth: Polaris Market Research
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- A latest research report [110+] pages with 360-Degree visibility, titled "Edge Computing in Healthcare Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software, Services); By Application; By End User; By Region; Segment Forecast, 2023- 2032" published by Polaris Market Research in its research repository.
According to research report, the global edge computing in healthcare market size and share is predicted to grow from USD 4.19 billion in 2022 to USD 43.29 billion in 2032. It is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 26.3% from 2023 to 2032, according to the latest report by Polaris Market Research.
What is the use of Edge Computing in Healthcare? How Big is Edge Computing in Healthcare Market Size?
The process of bringing computer power and data processing devices closer to the sources of medical data so they can be examined more quickly in order to save lives and enhance patient outcomes is known as edge computing in the healthcare industry. Edge devices handle data from asset tracking to the Internet of Things (IoT) for equipment maintenance and environmental monitoring. This application improves patient safety, lowers downtime, and maximizes hospital efficiency.
Moreover, hospital electronic health records (EHRs) are managed by edge computing systems, which give doctors quick and safe access to patient data. The accuracy of diagnosis and treatment plans is improved, and workflows in the healthcare industry are streamlined as a result of this connection. Therefore, edge computing in healthcare market demand is growing.
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Who are the Market Leaders in Edge Computing?
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Important Highlights from the Report
Edge Computing in Healthcare Market Details
Market's Prime Determinants of Growth, Trends, and Opportunities
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Trends and Opportunities
The hardware sector accounts for the crucial edge computing in healthcare market share. An essential element in guaranteeing the successful implementation of edge computing in healthcare environments is hardware. Internet of Things sensors are critical to edge computing in healthcare. These consist of glucose meters, blood pressure monitors, temperature sensors, and other data-gathering equipment.
Moreover, AI and machine learning applications in the healthcare industry use hardware accelerators like GPUs and TPUs to expedite the processing of intricate algorithms for tasks like medical image analysis. High-definition cameras are necessary for clear video conferencing and medical imaging in telehealth and distant consultations.
Hospitals can now monitor patients in real time due to edge computing, which processes data from medical sensors and wearables with ease. This feature guarantees ongoing patient monitoring, expedites the recognition of significant alterations in medical situations, and eventually improves patient results.
Furthermore, X-rays, MRIs, and CT scans are among the medical pictures that edge computing expedites in processing and analysis. This development enables doctors and radiologists to access and analyze images at a never-before-seen speed, leading to quicker treatment decisions and diagnoses.
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Which Country is Leading in Edge Computing?
Asia Pacific: Throughout the projection period, the edge computing in healthcare market in Asia Pacific is anticipated to have substantial growth. In Asia-Pacific, edge computing is bringing in a new era of patient-centric healthcare. Continuous remote patient monitoring is made possible with real-time data processing at the edge. This enables medical professionals to create more individualized treatment programs, guaranteeing prompt interventions and better patient results. Asia-Pacific's telemedicine scene is growing, with edge computing at its center.
North America: In 2022, North America surpassed all other regions in size. The pandemic hastened the U.S. adoption of telehealth, and edge computing is essential to this change. It makes healthcare more accessible by guaranteeing safe, low-latency video consultations, quick data transfers, and remote patient monitoring.
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Key Questions Answered in the Report
Polaris Market Research has segmented the Edge Computing in Healthcare market report based on offering, application, end user, and region:
Edge Computing in Healthcare, Offering Outlook (Revenue - USD Billion, 2019 - 2032)
Edge Computing in Healthcare, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Edge Computing in Healthcare, End User Outlook (Revenue - USD Billion, 2019 - 2032)
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Meta Title: Edge Computing in Healthcare Market Expected to Cross USD 43.29 Billion By 2032, Driving 26.3% CAGR Growth: Polaris Market Research
Meta Description: Global edge computing in healthcare market size and share is predicted to grow from USD 4.19 billion in 2022 to USD 43.29 billion in 2032. It is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 26.3% from 2023 to 2032, according to the latest report by Polaris Market Research.
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