The healthcare industry has seen an abundance of new and fascinating developments in recent years. With 5G on the way, healthcare will take a quantum leap ahead. The new cellular technology has the potential to transform the patient experience in healthcare and to open up new paths to success. Being a new technology, 5G raises numerous why, how, what, and other questions.
The usage of wearable medical devices and IoMT-powered healthcare equipment is expanding, enabling continuous patient data monitoring and transmission through cloud-based platforms. In fact, 86% of doctors claim that using IoT gadgets like wearables helps them engage patients better. According to our report study, the market for smart wearable medical devices was valued at USD 13.8 billion in 2020 and is expected to reach USD 37.4 billion by 2028, rising at a CAGR of 13.1% between 2021 and 2028. 5G is the best option to satisfy the expectations of an increasingly connected healthcare environment because of its extreme speed (100X faster than 4G), power efficiency, much lower latency, and support for several devices per node.
5G has the potential to change healthcare as we know it. As we saw during the last epidemic, the healthcare business need tools that can serve people from all socioeconomic backgrounds. 5G offers network stability, speed, and scalability for telemedicine, as well as catalyzing widespread use of cutting-edge technologies like artificial intelligence, big data, extended reality (augmented/virtual/mixed reality), and the Internet of things for enhanced therapeutic results. Healthcare organizations must develop, test, and deploy apps that take use of 5G’s crucial capabilities such as ultra-fast bandwidth, ultra-reliability, ultra-low latency, and enormous machine connection. Notwithstanding constraints like as privacy and security, infrastructure, device compatibility, and restricted coverage, healthcare organizations must invest in apps based on what patients/users want the most.