According to a report,” Healthcare Satellite Connectivity Market Analysis By Component (Medical Device, Software, Services), By Connectivity (Mobile Satellite, Fixed Satellite), By End-use, By Application, And Segment Forecasts, 2018 – 2025″ published by Grand View Research, Inc.,The global healthcare satellite connectivity market is expected to reach USD 10.1 billion by 2025 according to a new report by Grand View Research, Inc. Globally, rising adoption of eHealth & other services and growing usage of technology platforms by hospitals & medical providers are crucial factors that boost the market growth.
Several governments are working toward providing improved basic medical facilities in rural areas with a key focus on improving connectivity infrastructure in healthcare and provision of enhanced care services. Some of the players in satellite connectivity are also undertaking projects in order to enhance healthcare provisions in underserved regions. For instance, Satellite Applications Catapult, a satellite technology company has collaborated with the Cayetano Heredia University in Northern Peru to improve medical services in the remote areas of Amazonia by providing enhanced connectivity solutions for mobile healthcare facilities along with the usage of eHealth and mHealth solutions.
Key Takeaways from the report:
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The system & software segment held majority of market share amongst the component segment in 2016 due to growing demand for data analytics in the healthcare sector
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eHealth was the dominating application segment in 2016 due to growing government initiatives promoting integration of technology in healthcare
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Hospitals & Clinics were the dominating end-use segment in 2016 with a share of 65.3% owing to the rising adoption of technology platforms for delivering medical care
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Fixed mobile services held majority of the market share in 2016 in the connectivity segment with a share of 83%
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The Asia Pacific market is expected to witness lucrative growth over the forecast period owing to the improving infrastructure and increasing patient pool
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Key players include Inmarsat plc; Hughes Network Systems LLC, SES S.A., X2nSat, Expedition Communications, Globalstar, Eutelsat.
U.S. healthcare satellite connectivity market, by component, 2014 – 2025 ($Billion)
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Global healthcare satellite connectivity market, by connectivity, 2016 (%)
Furthermore, the increasing pressure on medical facilities due to reduced budgets, ageing population, increasing number of patients with chronic conditions, shortage of adequately trained medical staff & doctors, lack of proper infrastructure in rural areas, and growing demand for real-time distance learning, telemedicine, and video services of higher quality are some of the other factors contributing to the growing adoption of satellite technology in healthcare.
According to the Federal Communications Commission, rural areas are underserved by terrestrial broadband services as compared to urban areas. In 2016, 20 % did not have access to services at even 4 Mbps/1 Mbps and 31 % lacked access to 10 Mbps/1 Mbps broadband services. Provision of high-speed satellite technology would be a key solution to eliminate this geographic barrier and offer superior medical facilities.
Grand View Research has segmented the satellite connectivity in healthcare market on the basis of component, application, end-use, connectivity, and region:
Component Outlook (Revenue, USD Million, 2014 – 2025)
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Medical Device
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Wearable External Devices
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Implanted Medical Devices
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Stationary Medical Devices
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System & Software
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Remote Device Management
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Network Bandwidth Management
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Data Analytics
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Application Security
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Network Security
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Services
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System Integration Services
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Consulting, Training & Education
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Support & Maintenance Services
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Application Outlook (Revenue, USD Million, 2014 – 2025)
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eHealth
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Telemedicine
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Clinical Operations
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Others
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Connected Imaging
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End-use Outlook (Revenue, USD Million, 2014 – 2025)
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Clinical Research Organization
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Hospitals & Clinics
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Research & Diagnostic Laboratories
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Others
Connectivity Outlook (Revenue, USD Million, 2014 – 2025)
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Mobile Satellite Services (MSS)
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Fixed Satellite Services (FSS)
Regional Outlook (Revenue, USD Million, 2014 – 2025)
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North America
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U.S.
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Canada
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Europe
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Germany
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UK
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Asia Pacific
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China
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Japan
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Latin America
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Brazil
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Mexico
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Middle East & Africa
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South Africa
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Nigeria
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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