Healthcare Satellite Connectivity Market Forecasts to 2028 – Global Analysis By Component (Medical Device, System and Software, Services), Application (e-Health, Other Applications) and By Geography
According to Stratistics MRC, the Global Healthcare Satellite Connectivity Market is accounted for $6.72 billion in 2020 and is expected to reach $12.90 billion by 2028 growing at a CAGR of 8.5% during the forecast period. Rising government initiatives for promotion and development of satellite connectivity-based solutions in healthcare, increasing number of patients with chronic conditions, growing demand for real-time distance learning, and rising adoption of e-health are the major factors propelling the market growth. However, concerns regarding data privacy and complications associated with healthcare satellite connectivity procedures are hampering the market growth.
Healthcare satellite connectivity means healing at a distance, which refers to the use of information and communication technology to enhance patient outcomes by increasing access to treatment and medical data. 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. Satellite-based communication offers a feasible solution to the issue of receiving timely medical advice and diagnostic facilities and is being looked at for medical support. In remote locations or places without access to traditional Internet infrastructure, satellite communication can provide educational services. The medical personnel can use this to improve their skills and patients to educate themselves.
Based on application, the e-Health segment is estimated to have a lucrative growth due to the rising adoption of eHealth which is anticipated to create a significant demand for healthcare satellite connectivity in the coming years. Also, e-Health helps in improving safety, quality, and cost associated with the delivery of health care. For instance, eHealth adoption in primary healthcare in the EU has increased drastically. In addition, the group of General Practitioners (GPs) who are enthusiastic about e-Health has doubled.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the factors such as the government initiatives for promotion and development of satellite connectivity-based solutions in healthcare and rising adoption of e-Health. Additionally, various companies in the region have been manufacturing patient monitoring devices with biosensors for easy and quick results. Moreover, Australia extended Medicare coverage for telemedicine and the South Korea eased restrictions on telemedicine to treat Covid-19 patients remotely. On the other hand, Japan launched a free government-backed remote health service utilizing digital health tools.
Some of the key players profiled in the Healthcare Satellite Connectivity Market include Inmarsat Global Limited, Hughes Network Systems, SES S.A., X2nSat, Expedition Communications, Globalstar, EUTELSAT COMMUNICATIONS SA, AT&T Intellectual Property, DISH Network L.L.C., and Ligado Networks.
• Mobile Satellite Services (MSS)
• Fixed Satellite Services (FSS)
• Medical Device
• System and Software
• Other Applications
End Users Covered:
• Clinical Research Organizations
• Hospitals and Clinics
• Research and Diagnostic Laboratories
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
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