How 5G Will Change Healthcare

How 5G Will Change Healthcare

5 Key Areas for Growth

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About This Report
5G will become one of the most promising technologies for facilitating healthcare’s digital transformation. This report analyzes five patient applications of 5G. It also explores forward-looking organizations embracing 5G and how healthcare organizations can follow in their footsteps.
Table of Contents

Executive Summary

While 5G networks are still being developed, and the healthcare industry is only beginning to explore the technology’s use cases, 5G is poised to become one of the most promising technologies for facilitating healthcare’s digital transformation.

Why will 5G be so important for healthcare?

5G networks’ performance advancements will serve as the backbone of emerging technologies that will reinvent the healthcare world and drive improvements across three key areas: boosting annual cost savings, increasing patient access to quality healthcare, and improving patient experiences.

Which applications of 5G should healthcare organizations prioritize?

Health systems should prioritize patient-focused applications when beginning their 5G digital transformation. These applications include remote patient monitoring (RPM) and virtual video consultations. Forward-looking healthcare companies should keep these applications top of mind and plan to partner with telecoms to unlock the benefits of the 5G standard.

How can healthcare organizations prepare for 5G?

To ensure that 5G deployments are successful, healthcare organizations need to first have a clear understanding of the challenges facing their business and identify areas where costs could be optimized. Then, a plan focused on anticipating the future needs of the use case and the network requirements to support it will be essential. Healthcare organizations should also evaluate which vendors—including telecoms, hardware, software, content, and other tech providers—they’d like to include in their partner ecosystem for each of the various applications of 5G.

WHAT’S IN THIS REPORT? The report analyzes how healthcare organizations can prepare for 5G and explores five patient-focused applications that can be enhanced or transformed by 5G networks.

KEY STAT: 5G is expected to bring annual global cost savings of $600 million to the healthcare industry in 2021—with annual global cost savings reaching nearly $94 billion by 2030.

Here’s what’s in the full report

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15charts

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7expert perspectives

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    Table of Contents

    1. Executive Summary
    2. Key Points
    3. How 5G Impacts Healthcare’s Digital Transformation
    4. 5 Key Applications for 5G in Healthcare
    5. How 5G Will Enhance the Efficacy of Remote Patient Monitoring
    1. How 5G Will Expand the Access and Quality of Virtual Video Consultations
    2. How 5G Will Provide More Effective Treatment and Rehabilitation
    3. How 5G Will Impact Medical Training, Education, and Planning to Enhance Patient Safety
    4. How 5G Will Impact Remote Surgery and Procedures to Drive Better Patient Outcomes
    5. Getting Ready for 5G
    1. Insider Intelligence Interviews
    2. Read Next
    3. Sources
    4. Media Gallery

    Charts in This Report

    Interviewed for This Report

    Justin Barad
    Osso VR
    Co-Founder and CEO
    Interviewed January 15, 2021
    Maggie Halbach
    Verizon
    Vice President, Business Development for Public Sector
    Interviewed January 21, 2021
    Mo Katibeh
    AT&T Business
    Chief Product and Platform Officer
    Interviewed January 25, 2021
    Bob Monteverdi
    Lenovo Health
    Global Healthcare Solutions Leader
    Interviewed January 22, 2021
    Nicola Palmer
    Verizon
    Chief Product Development Officer
    Interviewed December 16, 2020
    Chris Sambar
    AT&T
    Executive Vice President, Technology and Operations
    Interviewed December 18, 2020
    Darius Singh
    STL Partners
    Senior Consultant and Digital Health Lead
    Interviewed January 7, 2021

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    authors

    Rayna Hollander

    Contributors

    Jeane Han
    Senior Researcher
    Chris Keating
    Director, Research
    Zoë LaRock
    Research Analyst, Digital Health
    Yoram Wurmser
    Principal Analyst