Healthcare Satellite Connectivity Market Global Analysis to 2028

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

  • Report Code : TIPHC00002288
  • Category : Healthcare IT
  • Status : Published
  • No. of Pages : 274
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The healthcare satellite 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.

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.    

The growth of the healthcare satellite connectivity market is attributed to factors such as government initiatives for promotion and development of satellite connectivity-based solutions in healthcare and rising adoption of e-Health. However, concerns regarding data privacy hinder the market growth.

Lucrative Regions for Healthcare Satellite Connectivity Market

Lucrative Regions for Healthcare Satellite Connectivity Market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Growing Healthcare IT Industry in Emerging Economies

Healthcare systems are experiencing growth in consumer engagement worldwide. In developing countries, the systems are becoming technologically friendly. These are experiencing an internationalization of care as established brands—such as the US-based Cleveland Clinic—expanded their businesses in the UAE, and start-ups—such as England-based Babylon, a primary care diagnostic app powered by machine learning and AI—entered into China and Rwanda markets. Moreover, with increasing investments in the Asia Pacific healthcare sector, IT start-ups offer lucrative opportunities for its growth. For instance, in December 2020, DXY (a Chinese healthcare portal company) raised US$ 500 million in a Series E round led by Trustbridge Partners. Alodokter, an Indonesian health tech platform, raised US$ 33 million Series C funding. The growing healthcare IT industry in Asia Pacific is anticipated to provide lucrative opportunities for players to expand their capabilities across the region. Also, COVID-19 pandemic has accelerated the use of digital health technologies globally. The pandemic prioritized remote monitoring solutions. Governments in the area are promoting the use of telemedicine. For instance, in March 2020, the Indian government issued the Telemedicine Practice Guidelines to enable registered medical practitioners to provide healthcare services using telecommunication and digital technologies. Such initiatives would offer lucrative opportunities for the growth of the patient portal market in the coming years.

Component-Based Insights

The healthcare satellite connectivity market, based on component, is segmented into medical device, system and software, and service. In 2021, the system and software segment held the largest share of the market. The same segment is expected to register the highest CAGR during 2021 to 2028.

Healthcare Satellite Connectivity Market by Component – 2021 and 2028

Healthcare Satellite Connectivity Market by Component – 2021 and 2028

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Application-Based Insights

By application, the healthcare satellite connectivity market is bifurcated into e-Health and others. In 2021, the e-Health segment held a larger share of the market. However, the others segment is expected to register a higher CAGR in the market in the coming years

Connectivity-Based Insights

Based on connectivity, the healthcare satellite connectivity market is bifurcated into mobile satellite services and fixed satellite services. In 2021, the fixed satellite services segment held a larger share of the market. On the other side, the mobile satellite services segment is expected to register a higher CAGR in the market during the forecast period.

End User-Based Insights

Based on end user, the healthcare satellite connectivity market is segmented into clinical research organizations, hospitals and clinics, research and diagnostic laboratories, and others. In 2021, the hospitals and clinics segment held the largest share of the market. However, the clinical research organizations segment is expected to register the highest CAGR in the market in the coming years.

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Healthcare Satellite Connectivity Market: Strategic Insights

healthcare-satellite-connectivity-market
Market Size Value inUS$ 6,797.22 Million in 2021
Market Size Value byUS$ 10,105.21 Million by 2028
Growth rateCAGR of 5.8% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Product launches and approvals are commonly adopted strategies by companies to expand their global footprints and product portfolios. Moreover, the healthcare satellite connectivity market players focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name globally.

The report segments the Healthcare Satellite Connectivity Market as follows:

Healthcare Satellite Connectivity Market – by Component

  • System and Software
    • Remote Device Management
    • Network Bandwidth Management
    • Data Analytics
    • Application Security
    • Network Security
  • Medical Device
    • Wearable External Device
    • Implanted Medical Device
    • Stationary Medical Device
  • Services
    • System Integration Services
    • Consulting
    • Training and Education
    • Support and Maintenance Services

Healthcare Satellite Connectivity Market – by Application

  • e-Health
    • Telemedicine
    • Clinical Operations
  • Others

Healthcare Satellite Connectivity Market – by Connectivity

  • Mobile Satellite Services
  • Fixed Satellite Services

Healthcare Satellite Connectivity Market – by End User

  • Clinical Research Organizations
  • Hospitals and Clinics
  • Research and Diagnostic Laboratories
  • Others

Healthcare Satellite Connectivity Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa
  • South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

  • 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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component , Application , Connectivity , and End Users and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

The List of Companies - Healthcare Satellite Connectivity Market

  1. Inmarsat Global Limited
  2. Hughes Network Systems
  3. SES S.A.
  4. X2nSat
  5. Expedition Communications
  6. Globalstar
  7. EUTELSAT COMMUNICATIONS SA
  8. AT&T Intellectual Property
  9. DISH Network L.L.C.
  10. Ligado Networks

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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