Healthcare Satellite Connectivity Market Drivers and Forecasts by 2028

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.

Market Insights

Growing Healthcare IT Industry in Emerging Economies

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Healthcare Satellite Connectivity Market: Strategic Insights

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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.

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.

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.

Healthcare Satellite Connectivity Market Regional Insights

The regional trends and factors influencing the Healthcare Satellite Connectivity Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Healthcare Satellite Connectivity Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Healthcare Satellite Connectivity Market Report Scope

Healthcare Satellite Connectivity Market Players Density: Understanding Its Impact on Business Dynamics

The Healthcare Satellite Connectivity Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Healthcare Satellite Connectivity Market are:

1. Inmarsat Global Limited
2. Hughes Network Systems
3. SES S.A.
4. X2nSat
5. Expedition Communications

Disclaimer: The companies listed above are not ranked in any particular order.

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