Global Edge Computing in Healthcare Market was valued at approximately USD 5.29 billion in 2023 and is projected to grow at a robust CAGR of 26.38% over the forecast period 2024-2032. Edge computing in healthcare revolutionizes data management by processing data from Internet of Things (IoT) devices for various applications such as asset tracking, environmental monitoring, and equipment maintenance. This innovation optimizes hospital efficiency, minimizes downtime, and significantly enhances patient safety by managing electronic health records (EHRs), allowing physicians to access patient data securely and promptly. Such integration streamlines healthcare workflows, improving patient care and the accuracy of diagnoses and treatment plans.
The Global Edge Computing in Healthcare Market is driven by surge in chronic diseases necessitates effective remote patient monitoring solutions. Edge computing meets this demand by efficiently handling and transmitting data from wearable devices and medical sensors, thereby empowering healthcare professionals to manage chronic conditions more effectively. Furthermore, government initiatives and funding aimed at healthcare digitization, telehealth expansion, and the adoption of EHRs are bolstering the need for edge computing infrastructure. These initiatives strive to modernize healthcare delivery, enhancing accessibility and the quality of care. Moreover, integration of edge computing with ai and machine learning are anticipated to create lucrative opportunities for the market. However, high initial cost and data security concerns is going to impede the overall demand for the market during the forecast period 2024-2032.
The key regions considered for the Global Edge Computing in Healthcare Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia-Pacific is anticipated to witness substantial growth during the forecast period. Edge computing is transforming patient-centric healthcare in this region by enabling real-time data processing for continuous remote monitoring of patients. This facilitates healthcare providers in delivering more personalized care plans, ensuring timely interventions and improved patient outcomes. The telemedicine landscape in Asia-Pacific is expanding, with edge computing playing a pivotal role. By enabling seamless video consultations, remote diagnostics, and secure data transmission, edge computing is enhancing healthcare accessibility, particularly in remote and underserved areas. Additionally, it allows rapid analysis and transfer of large image files from diagnostic devices such as X-rays, MRIs, and CT scans, leading to swift and accurate diagnoses and treatments. Furthermore, the market in North America emerged as the largest region owing to advanced healthcare infrastructure and technological adoption.
Major market players included in this report are:
Advantech
Amazon Web Services (AWS)
Aruba Networks
Cisco Systems, Inc.
Dell Technologies, Inc.
General Electric Company
Google LLC
Hewlett Packard Enterprise Company
IBM
Intel Corporation
Microsoft Corporation
Nokia Corporation
NVIDIA Corporation
Philips Healthcare
Siemens Healthineers
The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Software
Services
By Application:
Robotic Surgery
Diagnostics
Remote Patient Monitoring and Telehealth
Others
By End User:
Hospitals and Clinics
Ambulatory Centers
Nursing Homes and Home Care
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market