Healthcare Satellite Connectivity
Healthcare Satellite Connectivity Market Forecasts to 2030 - Global Analysis By Component (Medical Devices, System & Software and Services), Connectivity (Fixed Satellite Services and Mobile Satellite Services), Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
7.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Healthcare Satellite Connectivity Market is growing at a CAGR of 7.2% during the forecast period. Healthcare satellite connectivity refers to the use of satellite technology to support and enhance healthcare services and communication. It involves the use of satellites in space to transmit data, information, and communications related to healthcare. Healthcare satellite connectivity allows for remote medical diagnosis and care in the comfort of one's own home. It enables digital imaging, remote patient monitoring, e-learning and consultation, and access to life sessions to improve the knowledge of medical professionals located at a distance.
According to the American cancer society journal in January 2022, approximately 1.9 million new cancer cases were projected to occur in the United States in 2022.
Market Dynamics:
Driver:
Disaster management and emergency response
Healthcare facilities, emergency response teams, and mobile healthcare units can establish real-time communication channels, share vital information, and plan their operations with the help of satellite connectivity. Satellite connectivity enables telemedicine services during emergencies, allowing healthcare professionals to remotely assess patients, provide medical advice, and triage cases. Additionally, satellite connectivity supports the transmission of critical health data, such as patient records, diagnostic images, and monitoring data, from affected areas to central healthcare facilities. Therefore, disaster management and emergency response are significant drivers fueling market demand.
Restraint:
High cost
Satellite connectivity infrastructure, including satellite equipment, ground stations, and network operation, can involve substantial upfront and ongoing costs. The high cost of satellite connectivity can pose a significant barrier, particularly for healthcare providers in resource-constrained settings or regions with limited healthcare budgets. However, the cost of satellite services, combined with the need for specialized equipment and maintenance, may restrict the widespread adoption of satellite connectivity in healthcare.
Opportunity:
Remote patient monitoring
Remote patient monitoring involves the collection of patient health data from remote locations and its transmission to healthcare providers for monitoring and analysis. Regardless of the patient's location, satellite connectivity is essential for enabling seamless and real-time data transmission. Additionally, it enables healthcare providers to remotely monitor patients' vital signs, chronic conditions, and post-surgical recovery, among other health parameters. Therefore, remote patient monitoring is a factor propelling market growth.
Threat:
Signal interference
In the healthcare satellite connectivity market, signal interference restraint refers to challenges arising from electromagnetic disruptions that can impair the seamless transmission of data between healthcare devices and satellites. Moreover, as healthcare systems increasingly rely on satellite connectivity for tasks such as remote patient monitoring, telemedicine, and medical data exchange, the susceptibility to signal interference becomes a critical concern. Such disruptions pose a threat to the real-time and reliable transfer of vital health information, potentially compromising patient care and diagnostic accuracy.
Covid-19 Impact
The COVID-19 pandemic has had a major impact on the global healthcare satellite connectivity market. Due to the need for healthcare organizations to quickly adjust to the new reality of providing care in a virtual environment, there has been a significant increase in demand for satellite connectivity services. This has led to a surge in the need for reliable, secure, and cost-effective satellite connectivity solutions. The need to connect patients and healthcare providers remotely has led to an increase in demand for satellite connectivity services in the healthcare industry. Furthermore, the pandemic has forced healthcare organizations to switch to virtual care, and they have been dependent on satellite connectivity to enable safe and dependable communication and data transfer services.
The fixed satellite services segment is expected to be the largest during the forecast period
The fixed satellite services segment is estimated to hold the largest share. Fixed satellite services involve the use of geostationary satellites to establish a fixed link between ground-based healthcare facilities and satellite networks. Fixed satellites offer a consistent and reliable connection, enabling healthcare providers to deliver services in remote or underserved areas where traditional terrestrial infrastructure may be lacking. Furthermore, as the demand for remote healthcare services continues to grow, fixed satellite services are poised to play a crucial role in enhancing the efficiency and accessibility of healthcare delivery globally.
The e-health segment is expected to have the highest CAGR during the forecast period
The e-health segment is anticipated to have lucrative growth during the forecast period. E-health encompasses the use of digital technologies, information, and communication systems to enhance the efficiency and accessibility of healthcare. The integration of satellite connectivity into e-health solutions is particularly impactful in remote or underserved areas where traditional communication infrastructure is limited. Moreover, this technology empowers healthcare professionals to deliver timely and quality care to patients, overcoming geographical barriers.
Region with largest share:
North America commanded the largest market share during the extrapolated period. The growing adoption of internet infrastructure and connectivity, along with the rising number of Internet users, is leading to the growth of the satellite connectivity market in the region. The industry is expanding in North America due to the availability of high-speed Internet, sophisticated telecommunications technologies, and the growing demand for their integration in healthcare. Additionally, the emergence of complex healthcare infrastructure and an increase in chronic illnesses requiring critical care are likely to fuel market expansion during the projection period.
Region with highest CAGR:
Europe is expected to witness profitable growth over the projection period. Europe is at the forefront of utilizing satellite connectivity for medical applications due to its advanced healthcare infrastructure and broad adoption of digital technologies. In order to facilitate virtual consultations, remote patient monitoring, and the smooth exchange of medical data between healthcare facilities and providers, the region uses satellites for telemedicine. Moreover, European nations emphasize interoperability and data security, ensuring the seamless integration of satellite-based healthcare solutions into existing healthcare ecosystems.
Key players in the market
Some of the key players in the Healthcare Satellite Connectivity Market include Expedition Communications, Hughes Network Systems LLC, Eutelsat, Global star, Inmarsat plc, X2nSat, DISH Network L.L.C., Ligado networks, SES S.A. and AT&T Intellectual Property.
Key Developments:
In March 2023, Hughes and Viasat Network Systems have announced a partnership to provide customers with access to the latest in broadband solutions. This partnership is expected to bring tremendous benefits to both residential and business customers who are looking for reliable, high-speed internet access.
In March 2023, Global star announced a strategic collaboration agreement with Qualcomm Technologies, involving a portfolio of 5G private network technologies. Qualcomm Technologies plans to make select Qualcomm FSM Platforms commercially available that will work with Global star’s Band n53 terrestrial spectrum for private networks.
Components Covered:
• Medical Devices
• System & Software
• Services
Connectivities Covered:
• Fixed Satellite Services
• Mobile Satellite Services
Applications Covered:
• e-Health
• Other Applications
End Users Covered:
• Hospitals
• Clinical Research Organization
• Diagnostic Laboratories
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Healthcare Satellite Connectivity Market, By Component
5.1 Introduction
5.2 Medical Devices
5.2.1 Implanted Medical Devices
5.2.2 Wearable External Device
5.2.3 Stationary Medical Devices
5.3 System & Software
5.3.1 Network Bandwidth Management
5.3.2 Remote Device Management
5.3.3 Application Security
5.3.4 Data Analytics
5.3.5 Network Security
5.4 Services
5.4.1 Support & Maintenance Services
5.4.2 System Integration Services
5.4.3 Consulting and Training & Education
6 Global Healthcare Satellite Connectivity Market, By Connectivity
6.1 Introduction
6.2 Fixed Satellite Services
6.3 Mobile Satellite Services
7 Global Healthcare Satellite Connectivity Market, By Application
7.1 Introduction
7.2 e-Health
7.2.1 Clinical Operations
7.2.2 Telemedicine
7.3 Other Applications
8 Global Healthcare Satellite Connectivity Market, By End User
8.1 Introduction
8.2 Hospitals
8.3 Clinical Research Organization
8.4 Diagnostic Laboratories
8.5 Other End Users
9 Global Healthcare Satellite Connectivity Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Expedition Communications
11.2 Hughes Network Systems LLC
11.3 Eutelsat
11.4 Globalstar
11.5 Inmarsat plc
11.6 X2nSat
11.7 DISH Network L.L.C.
11.8 Ligado Networks
11.9 SES S.A.
11.10 AT&T Intellectual Property
List of Tables
1 Global Healthcare Satellite Connectivity Market Outlook, By Region (2021-2030) ($MN)
2 Global Healthcare Satellite Connectivity Market Outlook, By Component (2021-2030) ($MN)
3 Global Healthcare Satellite Connectivity Market Outlook, By Medical Devices (2021-2030) ($MN)
4 Global Healthcare Satellite Connectivity Market Outlook, By Implanted Medical Devices (2021-2030) ($MN)
5 Global Healthcare Satellite Connectivity Market Outlook, By Wearable External Device (2021-2030) ($MN)
6 Global Healthcare Satellite Connectivity Market Outlook, By Stationary Medical Devices (2021-2030) ($MN)
7 Global Healthcare Satellite Connectivity Market Outlook, By System & Software (2021-2030) ($MN)
8 Global Healthcare Satellite Connectivity Market Outlook, By Network Bandwidth Management (2021-2030) ($MN)
9 Global Healthcare Satellite Connectivity Market Outlook, By Remote Device Management (2021-2030) ($MN)
10 Global Healthcare Satellite Connectivity Market Outlook, By Application Security (2021-2030) ($MN)
11 Global Healthcare Satellite Connectivity Market Outlook, By Data Analytics (2021-2030) ($MN)
12 Global Healthcare Satellite Connectivity Market Outlook, By Network Security (2021-2030) ($MN)
13 Global Healthcare Satellite Connectivity Market Outlook, By Services (2021-2030) ($MN)
14 Global Healthcare Satellite Connectivity Market Outlook, By Support & Maintenance Services (2021-2030) ($MN)
15 Global Healthcare Satellite Connectivity Market Outlook, By System Integration Services (2021-2030) ($MN)
16 Global Healthcare Satellite Connectivity Market Outlook, By Consulting and Training & Education (2021-2030) ($MN)
17 Global Healthcare Satellite Connectivity Market Outlook, By Connectivity (2021-2030) ($MN)
18 Global Healthcare Satellite Connectivity Market Outlook, By Fixed Satellite Services (2021-2030) ($MN)
19 Global Healthcare Satellite Connectivity Market Outlook, By Mobile Satellite Services (2021-2030) ($MN)
20 Global Healthcare Satellite Connectivity Market Outlook, By Application (2021-2030) ($MN)
21 Global Healthcare Satellite Connectivity Market Outlook, By e-Health (2021-2030) ($MN)
22 Global Healthcare Satellite Connectivity Market Outlook, By Clinical Operations (2021-2030) ($MN)
23 Global Healthcare Satellite Connectivity Market Outlook, By Telemedicine (2021-2030) ($MN)
24 Global Healthcare Satellite Connectivity Market Outlook, By Other Applications (2021-2030) ($MN)
25 Global Healthcare Satellite Connectivity Market Outlook, By End User (2021-2030) ($MN)
26 Global Healthcare Satellite Connectivity Market Outlook, By Hospitals (2021-2030) ($MN)
27 Global Healthcare Satellite Connectivity Market Outlook, By Clinical Research Organization (2021-2030) ($MN)
28 Global Healthcare Satellite Connectivity Market Outlook, By Diagnostic Laboratories (2021-2030) ($MN)
29 Global Healthcare Satellite Connectivity Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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