Healthcare Satellite Connectivity Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

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Healthcare Satellite Connectivity Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 - 2025

Status : October, 2020 | Healthcare IT | PPT format

Report Digest


Healthcare Satellite Connectivity Market: Snapshot

Healthcare has been vastly evolving ever since the last few decades, when technology started playing a crucial role in monitoring and treatment of various disorders and maladies. Telemedicine has been a recently developed method that uses remote sensing techniques for acquiring information about important disorders and other factors that can affect the health of individuals all over the globe.

One such way of utilizing telemedicine is by using satellite connectivity for undertaking actions such as diagnosis, prevention, education, and treatment of maladies affecting people from different regions. Considerable research and development has been made by various businesses in this market, in order to get maximum relevant information. A lot of research has identified key areas where the satellite technology can be efficiently used. These are are mobility of patients, health early warning systems, home healthcare, health education, and management of disasters, emergency situations, and traumatic scenarios. Two primary methodologies cover these areas of work – services for betterment of the masses with the use of healthcare systems, and interconnectivity between different regions for efficient database management and information exchange.

A key trend occurring in the healthcare satellite connectivity sector involves reducing the latency of signals, in order to send and receive information. Doing this has been envisioned to enable faster treatments as well improved transfer of uninterrupted healthcare-based information across various channels. Such improved satellite connectivity is expected to broaden the provision of medicines and treatments even in various rural areas, especially those having less contact with urban regions.

Immense market potential has been observed in healthcare satellite connectivity sector through numerous successful projects carried out all over the world. Telecommunications and integrated applications, Eurisy Conference – Satellite Services for the Future, and Health Care Satellite Account from the Bureau of Economic Analysis, are some of the key initiatives and applications that are associated with the healthcare satellite connectivity market.

Global Healthcare Satellite Connectivity Market: Overview

World over, healthcare systems are increasingly adopting digital technologies to improve the access and quality of healthcare services. Digital technologies have been key enablers for services pertaining to telehealth and telemedicine across urban and rural communities. The access to quality patient care can be severely constrained in remote communities, especially in rural areas, mainly due to the paucity of trained clinicians and the lack of adequate infrastructure. This may be further compromised by the absence of a reliable internet connectivity. Satellite connectivity has increasingly enabled several healthcare centers, including private clinics, to reap the benefits of digital imaging, remote patient monitoring, and e-learning activities among doctors. In recent years, increasing initiatives by public as well as private players to close the gap between the urban and rural healthcare has offered a robust fillip to the market.

Global Healthcare Satellite Connectivity Market: Key Trends

Driven by low-latency benefits and less power outages, the use of satellite connectivity is gaining prominence over terrestrial and cellular connectivity in the delivery of primary, secondary, and tertiary healthcare. The growing healthcare spending on eHealth, telehealth, and telemedicine to improve the quality of patient care is a key factor driving the healthcare satellite connectivity market. The soaring investments by governments in developed and developing regions to adopt digital healthcare technologies has robustly propelled the market. The real-time exchange of electronic medical records (EMRs) and digital pathology images across different geographic locations in order to boost diagnostic and therapeutic outcomes has further catalyzed the market. In addition, the remote monitoring of patients over thousands of miles apart through innovative mHealth (mobile health) services is expected to accentuate the market growth.

Global Healthcare Satellite Connectivity Market: Market Potential

Sustainable and substantial support initiatives by governments in various regions have paved the way for quality healthcare to all and at affordable costs. The Luxembourg Ministry of Foreign and European Affairs announced in April, 2017 that it has entered into a contract with SES, a prominent satellite operator, to manage and support SATMED, a world-renowned eHealth satellite platform through 2020. The contract calls for the continuous developments of SATMED, including its medical tools and applications and data-hosting capabilities. The solution will enable healthcare professionals, including doctors and nurses, present at remote locations to work collaboratively. In addition, SATMED will improve satellite connectivity over resource-poor nations such as the Philippines, Bangladesh, and Africa.

Under the contract, the deployment of the SATMED platform will be as a fully managed service by SES. The internet connectivity, enabled by SES satellite fleet, will enable clinicians and medical professionals to access e-training, EMR, virtual consultation, and video conferencing. The deployment of the platform is also significant as it will support various regional development programs and humanitarian operations in collaborations with NGOs and governmental organizations. Several deployments have already being done successfully in parts of Asia and Africa. The contract is aimed to have worldwide significance as large number of countries, especially in less developed regions, can access quality healthcare. Such innovative e-Health solutions to remote and isolated areas bode well for the healthcare satellite connectivity market.

Global Healthcare Satellite Connectivity Market: Regional Outlook

North America is a prominent market for healthcare satellite connectivity. The substantial growth of the regional market is driven by the presence of high-speed, modern telecommunication technologies and their increasing adoption for delivering healthcare. Several insurance providers are collaborating with the providers of telehealth and telemedicine solutions, which has boosted the regional market. Advancements in critical care and the growing application of digital healthcare technologies among hospitals are expected to catalyze the market. Meanwhile, Asia Pacific is expected to offer lucrative growth avenues for market players in the coming years. Increasing healthcare spending and substantial governmental support in various countries are expected to fuel the regional market.

Global Healthcare Satellite Connectivity Market: Competitive Analysis

Several players are offering intuitive and innovative eHealth solutions for healthcare institutions to gain a competitive edge over others. Leading players are developing customized solutions for a range of telehealth applications. Major market players operating in the healthcare satellite connectivity market include Globalstar, Expedition Communications, X2nSat, SES S.A., Hughes, and Inmarsat plc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?