Healthcare 5G Connectivity Revenue to Exceed
$2 Billion by 2030
3rd December 2024, London, UK: New research from Kaleido Intelligence, a leading roaming and connectivity market research firm, has found that revenue from 5G connectivity in the healthcare sector will be more than $2 billion in 2030, over a third of the nearly $7 billion generated by the sector as a whole.
Kaleido’s new research, Healthcare Cellular IoT Opportunities 2025, notes that investment in the new cellular technology has been slow to begin with thanks to a lack of devices, but growth will accelerate in the coming years as more technologies become available to build those devices.
Despite a slow start to 5G healthcare, data usage is starting to grow as use cases develop, and Kaleido forecasts that 5G data consumption will grow to over 90 petabytes globally by 2030. This is annual growth of over 140% on average throughout the forecast period. However, the range of devices available for LTE, as well as the long lifespan expected of many healthcare devices, will keep data consumption for LTE high even as growth in the installed base starts to slow.
The research notes that the 2G and 3G network shutdowns will also drive this. These devices, which will have under 3 million active devices between them in the sector by 2030, will typically be replaced by LTE devices in many places, especially those markets unable to make the transition directly to 5G.
5G to Limit Traditional LPWAN Development
Kaleido’s report also shows that there are a variety of market forces at play that will limit LTE-M and NB-IoT devices, despite there still being large demand for low-power devices. As a result, connections using these technologies will only have a 15% CAGR, compared to overall sector growth of over 27%.
“While NB-IoT and LTE-M have been made part of the 5G specification, we expect 5G RedCap to grow and overlap with several of their potential use cases in future, as LTE Cat 1 and Cat 1 bis has historically done”, remarked report author James Moar. “This, coupled with longstanding roaming concerns and private network spectrum problems, will limit cellular LPWAN growth.”
About Kaleido Intelligence
Kaleido Intelligence is a specialist consulting and market research firm with a proven track record delivering telecom research at the highest level. Kaleido Intelligence is the only research company addressing mobile roaming in its entirety, covering industry-leading market insights, data forecasts, historical viewpoints, competitive intelligence and operator market surveys.
Research is led by expert analysts, each with significant experience delivering telco research and insights that matter.
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Jon King, Chief Commercial Officer, Kaleido Intelligence, [email protected]