System and Software Segment has the Largest Share of Component in the North America Healthcare Satellite Connectivity Market during 2021–2028

According to a new market research study on “North America Healthcare Satellite Connectivity Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Application, Connectivity, and End User” is expected to reach US$ 3,714.7 million by 2028 from US$ 2,466.7 million in 2021. The market is estimated to grow at a CAGR of 6.0% from 2021 to 2028. The report provides trends prevailing in the North America Healthcare satellite connectivity market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the government initiatives for promotion and development of satellite connectivity-based solutions in healthcare and rising adoption of eHealth are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the concerns regarding data privacy.

The COVID-19 pandemic has resulted in a significant increase in the reliance on telemedicine and telehealth for the provision of health care services. COVID-19 has caused a massive acceleration in the use of telehealth. Consumer adoption has skyrocketed, from 11 percent of US consumers using telehealth in 2019 to 46 percent of consumers now using telehealth to replace canceled healthcare visits. For instance, according to a report published by the US National Library of Medicine, National Institutes of Health in November 2020, "as Coronavirus continues to spread, many hospitals and physician practices have transitioned to telemedicine to conduct nonessential appointments. A study of NYU Langone Health trends (New York, NY, USA) showed a decline of 80% in in-person visits and a 683% increase in telemedicine visits between March 2 and April 14, 2020. As the number of COVID-19–infected patients increase, using computers and tablets for telemedicine can also reduce staff exposure in ambulances and hospitals. It is expected that demand for these services will increase dramatically in the US over the next few months, with shares of one telehealth provider, Teladoc Health Inc., increasing almost 50% since the start of 2020. Hospitals and health systems are already encouraging people with suspected COVID-19 symptoms to use telehealth services to limit people's flow to already crowded emergency rooms and doctor surgeries. Therefore, the growing demand for telemedicine during COVID-19 in North America is likely to boost the growth of the healthcare satellite connectivity market.

The market for healthcare satellite connectivity market is segmented into component, application, connectivity, and end user. Based on component, in 2021, system and software segment are estimated to account for the largest market share in the North America healthcare satellite connectivity market. The growth of this segment is attributed to the growing demand for data analytics in healthcare and the rapid implementation of technology in medical services. Furthermore, lack of proper infrastructure in rural areas, and growing demand for real-time distance learning, telemedicine, and video services of higher quality are some of the other factors contributing to the growing adoption of satellite technology in healthcare.

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., and Ligado Networks are among the leading companies in the North America healthcare satellite connectivity market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in July 2021, Globalstar, Inc. announced a partnership with FocusPoint International Inc. to provide crisis assistance services under the Global Overwatch & Rescue Plan to Globalstar customers worworldwide.

The market for healthcare satellite connectivity market is segmented into component, application, connectivity, and end user. Based on component, the healthcare satellite connectivity market is segmented into medical device, system and software, and services. Based on application, the healthcare satellite connectivity market is segmented into ehealth, and others. Based on connectivity, the healthcare satellite connectivity market is segmented into mobile satellite services, and fixed satellite services. Based on end user, the healthcare satellite connectivity market is segmented into clinical research organization, hospitals and clinics, research and diagnostic laboratories, and others. Geographically, the healthcare satellite connectivity market is segmented into North America (US, Canada, Mexico).

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