Report : Healthcare Satellite Connectivity Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (System and Software, Medical Device, and Services), Application (e-Health and Others), Connectivity (Mobile Satellite Services and Fixed Satellite Services), and End Users (Clinical Research Organizations, Hospitals and Clinics, Research and Diagnostic Laboratories, and Others) and Geography
Immediate Procedures Segment to Lead Market During 2021–2028
According to our new research study on “Healthcare Satellite Connectivity Market” Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Application, Connectivity, End User,” the healthcare satellite connectivity market is expected to grow from US$ 6,797.22 million in 2021 to US$ 10,105.21 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028. The report highlights trends prevailing in the market and factors driving its growth. The market growth is mainly attributed to the factors such as the Government Initiatives for Promotion and Development of Satellite Connectivity-Based Solutions in Healthcare, Rising Adoption of e-Health. However concerns regarding data privacy hinders the market growth.
The Healthcare Satellite Connectivity Market based on product is segmented into medical device, system and software, services. The system and software segment held the largest share in 2021, also the same segment is anticipated to register the highest CAGR in the market during the coming years. System and software comprise the tools that are used to provide a mobile frame and storage system. Healthcare satellite connectivity system comprises the equipment that can be used in patients at home and in a clinical setting. For instance, blood pressure monitors, Bluetooth-enabled scales, and pulse oximetry monitors are used by specialists as well as consumers. This cart is generally the most popular equipment which helps in a program running. With this help, physicians can move patient’s data room to room. Moreover, they can record and transmit a patient’s medical data.
Impact of COVID-19 Pandemic on Healthcare Satellite Connectivity Market:
The COVID-19 outbreak is adversely affecting the industries worldwide and this devastating effect is continuing in 2021 as well. The outbreak created significant disruptions in primary industries such as manufacturing, healthcare, energy & power, electronics & semiconductor, aerospace & defense, and construction.Governments immediately made digital health platforms available to the general public as a result of reducing the virus's spread. Hospitals and health systems are already encouraging people with suspected COVID-19 symptoms to use telehealth services to limit people's flow to already crowded emergency rooms and doctor surgeries. Therefore, the growing demand for telemedicine during COVID-19 is likely to boost the growth of the healthcare satellite connectivity market.
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.; Ligado Networks are among the leading companies operating in the Healthcare Satellite Connectivity Market.
The report segments the Healthcare Satellite Connectivity Market as follows:Global Healthcare Satellite Connectivity Market – By Component
Global Healthcare Satellite Connectivity Market – By Application
Global Healthcare Satellite Connectivity Market – By Geography