The Global Healthcare Satellite Connectivity Market refers to the industry that involves providing satellite-based communication services to healthcare organizations and institutions. This includes telemedicine, remote patient monitoring, and telehealth services, among others.
Healthcare Satellite Connectivity Market
Advantage of satellite is that it has the ability to reach and deliver connectivity everywhere and this drives it into medical sector too. Global healthcare satellite connectivity market is expected to drive high presence during the forecast period due to its ability to reach at the remotest of villages. Growing cases of chronic diseases and increasing cost of treatments demands the adoption of faster technologies in the medical sector. The introduction of satellite connectivity in healthcare is a fundamental achievement in telemedicine and mobile healthcare. The faster adoption of internet and evolution from 3G to 5G is boosting the satellite technology in healthcare.
The global healthcare satellite connectivity market is projected to grow at a steady rate during the forecast period. As healthcare sector and government is spending huge money on telemedicine, telehealth, ehealth, etc., and growing adoption of different technologies at a rapid rate in hospitals & clinics is driving the market towards lucrative growth. The rate of diseases among older population and middle aged has grown tremendously from past few years giving a major threat to healthcare in terms of costs and treatment too. It is a well-known fact that many rural areas still lack proper healthcare facilities and skilled workforce in the area is less and hence needs to connect to proper, highly qualified healthcare team and system which in turn is contributing to the growth factor in healthcare satellite connectivity. Also, prevailing chronic diseases, such as diabetes, heart diseases, or respiratory diseases, along with increasing geriatric population in some regions is anticipated to grow the market. With the help of satellite connectivity, digital imaging, remote patient monitoring, consultation through online medium and life time access to offer medical knowledge to professionals for enhancement of their skills, eventually is growing the demand of healthcare satellite connectivity. There are bit restraining factors too challenging the global healthcare satellite connectivity market for instance, with the connectivity from one place to another, there comes a risk of confidential data (patient’s medical data) being stolen or leaked. Thus, privacy issues and data security may hinder the market presence.
Covid-19 pandemic made healthcare professionals and authorities realize the importance of healthcare connectivity. This existing solution became a necessary tool during the pandemic, helping in identification and referring patients to right medical treatment. Thus, it had a steady impact on the growth of global healthcare satellite connectivity market.
The global healthcare satellite connectivity market is segmented based on various factors such as components, application, end-use outlook, connectivity, and region. Based on components, market is segmented into medical device, systems and software & services. Furthermore, the market, on the basis of application, can be segmented into e-health and others. The end-user application in global healthcare satellite connectivity market includes clinical research organization, hospitals & clinicals, research & diagnostic laboratories, and others. The market, based on connectivity is segmented into mobile satellite service and fixed satellite service.
North America is projected to be the dominating sector in the upcoming years. Factors such as increase in acceptance of internet connectivity & infrastructure along with the growing number of internet users is driving the growth of the global healthcare satellite connectivity market in this region. The presence of high-speed internet, advanced telecommunications technologies, and the growing need to integrate these technologies into healthcare are also equally contributing to market growth in North America. Additionally, an increase in chronic diseases requiring intensive care and the presence of a sophisticated healthcare infrastructure are expected to further drive market growth during the forecast period. Asia Pacific is also expected to have the fastest growth in light of growing geriatric population needing health assistance and increasing usage of advanced technology for better results. Rising government initiatives for promoting digitalization in healthcare sector and drive demand for connectivity to treat patients is another contributing factor for the growth of healthcare satellite connectivity market. In India, government started an initiative “Sehat” to connect healthcare professionals and facilities all over India providing access to all the citizens. Europe is also moving fast in adopting healthcare satellite connectivity with respect to efficient government policies regarding connecting patients with best health infrastructure.
Due to highly competitive market, the key players are tirelessly working on delivering their best products and to restructure the healthcare administration while reducing the cost. The companies are focusing on mergers with startups, partnerships to focus on product launches while utilizing technology of peers. Key players in the global healthcare satellite connectivity market include Inmarsat plc; Hughes Network Systems LLC, SES S.A., X2nSat, Intelsat, Orbcomm, Thuraya, Expedition Communications, Globalstar, Eutelsat, AT&T Intellectual Property, Dish Network LLC, Ligado Networks, and others.
The global healthcare satellite connectivity market is projected to grow at a steady CAGR during the forecast period. As healthcare sector and government is spending huge money on telemedicine, telehealth, ehealth, etc.
Key players in the global healthcare satellite connectivity market include Inmarsat plc; Hughes Network Systems LLC, SES S.A., X2nSat, Intelsat, Orbcomm, Thuraya, Expedition Communications, Globalstar, Eutelsat, AT&T Intellectual Property, Dish Network LLC, Ligado Networks, among others.
North America is said to be the dominating sector in the upcoming years owing to the increasing acceptance of Internet connectivity and infrastructure, along with the growing number of Internet users, is driving the growth of the satellite connectivity market in the region.