DUBLIN, June 9, 2023 /PRNewswire/ — The Healthcare Edge Computing Market by Components (Hardware, Software, Services), Applications (Diagnostics, Robotic Surgery, Telemedicine, RPM and Ambulance), End Users (Hospitals, Clinics, The Report Ambulatory Care Center) & Region – Global Forecast to 2028 was added to ResearchAndMarkets.com listing.
Edge computing in the healthcare market is expected to grow from an estimated US$4.1 billion in 2022 to US$12.9 billion in 2028, at a CAGR of 26.1% over the forecast period.
Edge computing is growing in popularity across industries as the number of devices increases, driving demand for high-bandwidth applications as Internet service consumption increases. Edge computing is gaining acceptance among healthcare organizations worldwide due to various benefits, including low latency, traffic distribution, increased reliability, and lower costs
Hardware: According to estimates, the hardware segment will account for the largest market share in 2022
The high market share by hardware is due to the large-scale deployment of edge hardware by healthcare organizations to achieve high performance, scalability, and flexibility. Vendors in the market offer comprehensive edge hardware (edge systems for computing, storage and networking) and hardware components (computing systems, gateways/routers, servers and physical data centers) that complete the entire edge infrastructure. Edge hardware acts as the backbone to establish communication and connectivity to enable core edge functions such as collection, filtering, processing, transmission, monitoring, and routing.
Telemedicine and remote monitoring applications for patients account for the largest market during the forecast period
Based on application, the market is segmented into diagnostics, telemedicine and remote monitoring of patients, robotic surgery, ambulance and other applications. Telemedicine and remote patient monitoring are expected to occupy the largest market share during the forecast period. By using edge computing, telemedicine providers can offer a more seamless and integrated patient experience, improving patient engagement and satisfaction. Patients can consult healthcare professionals remotely, access medical records, and monitor their own health and well-being using wearable devices—all from the comfort of their own home
Europe had the second largest share of edge computing in the healthcare market during the forecast period
Due to the presence of numerous edge computing vendors, early technological adoption of smart technologies, rising strategic partnerships, and demand for workload-centric IT infrastructure, North America is expected to hold the largest market share in the edge computing market, followed by Europe. Various government initiatives and the upcoming data handling needs of European and North American companies present a great opportunity for edge computing vendors to expand locally. Adoption of edge computing solutions is growing in Asia Pacific and Latin America due to the increasing deployment of cloud-based services, the need to improve network connectivity, increasing technology integration, and increasing awareness of the benefits of edge computing.
market dynamics
driver
Proliferation of IoT medical devices, exponential growth in network traffic and healthcare data volume, increasing need to reduce healthcare costs, increasing demand for low-latency processing and real-time automated decision-making solutions
restrictions
High capital and operational expenses associated with edge computing system interoperability challenges associated with edge computing in diverse healthcare systems
occasions
challenges
Complexity in integrating edge computing systems into the existing cloud architecture, vulnerability to cyber attacks and limited authentication options of the edge computing architecture
Main topics covered:
1 Introduction
2 research methodology
3 Summary
4 premium insights
5 Market Overview and Industry Trends
6 Industry Trends
7 Edge Computing in the Healthcare Market, by Component
7.1 Introduction
7.2 Hardware
7.2.1 See Physical Components Required to Run Applications.
7.3 Software
7.3.1 Enhance computing capabilities of edge devices and data centers
7.4 Services
7.4.1 Includes consulting, product support, integration, updates and maintenance of Integrated Edge Devices and Solutions
8 Edge Computing in Healthcare Market, by Application
8.1 Introduction
8.2 Diagnosis
8.2.1 Increasing Adoption Of Telehealth Services And Remote Patient Monitoring Technologies To Boost Market Growth
8.3 Robotic Surgery
8.3.1 Increasing Adoption of Edge Ai in Robotic Surgery to Drive Market Growth
8.4 Telemedicine and remote patient monitoring
8.4.1 Increasing Adoption of Integrated Wearables and Medical IoT Devices Spread to Support Market Growth
8.5 Ambulance
8.5.1 Increasing focus on minimizing response times in emergency situations, leading to the adoption of edge computing in ambulances
8.6 Other Applications
9 Edge Computing in Healthcare Market, by End User
9.1 Introduction
9.2 Hospitals and Clinics
9.2.1 Introduction of telehealth services and remote patient monitoring technologies to boost market growth
9.3 Long Term Care Centers and Home Care Facilities
9.3.1 Increase in Global Geriatric Population Requiring Long Term Care to Support Market Growth
9.4 Ambulatory Care Centers
9.4.1 Gradual transition from inpatient to outpatient care to stimulate the market
9.5 Other End Users
10 Edge Computing in Healthcare, by Region
11 company profiles
12 Appendix
Mentioned companies
Adlink Technology, Inc. Advantech Co. Ltd. Amazon Web Services Capgemini Cisco Systems, Inc. Clearblade, Inc. Dell Technologies, Inc. Digi International, Inc. Edgeconnex, Inc. Edgeiq Fastly, Inc. General Electric Digital Google, Inc. Hewlett Packard Enterprise Company Huawei Technologies Co. Ltd Iei Integration Corporation Intel Corporation Juniper Networks, Inc. Microsoft Corporation Nokia Nvidia Corporation Saguna Networks Ltd. Sierra Wireless (a Semtech company) Stackpath, LLC Vmware, Inc.
For more information about this report, visit https://www.researchandmarkets.com/r/5me4z1
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