North America Healthcare Satellite Connectivity Market

Market Introduction

Healthcare Satellite Connectivity simply means "healing at a distance," and refers to the use of information and communication technology to enhance patient outcomes by increasing access to treatment and medical data. Additionally, healthit.gov defines telehealth as “the utilization of electronic information and telecommunications technologies to support and promote long-distance clinical healthcare, patient and professional health education, public health and health administration.

Thus, the rising adoption of eHealth is expected to create a significant demand for healthcare satellite connectivity in the coming years, which is further anticipated to drive the healthcare satellite connectivity market.

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.

Market Overview and Dynamics

The Healthcare satellite connectivity market in North America is expected to grow from US$ 2,466.7 million in 2021 to US$ 3,714.7 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028. With 5G-enabled wearable devices, healthcare providers can monitor patients remotely and gather real-time data for preventative care and other individually tailored healthcare provisions. A report from Accenture reveals that 65% of consumers and 86% of doctors agree that wearables increase patients’ engagement with their health. This engagement is expected to decrease hospital costs by 16% over the next five years. Patients with chronic conditions can also retain autonomy and improve outcomes with reliable, always-on mobile personal emergency response systems. AT&T notes that even though remote technology brings many benefits, usage is “limited by the capacity of the network to handle the data.” A slow network with unreliable connections could result in doctors being unable to meet patients and obtain critical healthcare data about them, especially in an emergency. 5G technology reduces the chances of such incidents and allows healthcare providers to deliver treatment seamlessly to chronically ill patients with the fastest network available.

Key Market Segments

In terms of component, the system and software segment accounted for the largest share of the North America healthcare satellite connectivity market in 2020. In terms of application, the eHealth segment accounted for the largest share of the North America healthcare satellite connectivity market in 2020. In terms of connectivity, the fixed satellite services segment accounted for the largest share of the North America healthcare satellite connectivity market in 2020. In terms of end user, the hospitals and clinics segment held a larger market share of the healthcare satellite connectivity market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the healthcare satellite connectivity market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.

Reasons to buy report

• To understand the North America healthcare satellite connectivity market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America healthcare satellite connectivity market
• Efficiently plan M&A and partnership deals in North America healthcare satellite connectivity market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America healthcare satellite connectivity market
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

NORTH AMERICA HEALTHCARE SATELLITE CONNECTIVITY MARKET SEGMENTATION

By Component

• System & 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

By Application

• E health
  • Telemedicine
  • Clinical Operations
• Others

By Connectivity

• Mobile Satellite Services
• Fixed Satellite Services

By End User

• Clinical Research Organization
• Hospitals and Clinics
• Research and Diagnostic Laboratories
• Others

By Country

• North America
  • US
  • Canada
  • Mexico

Companies Mentioned

1. Inmarsat Global Limited
2. Hughes Network Systems
3. SES S.A.
4. X2nSat
5. Expedition Communications
6. Globalstar
7. EUTELSAT COMMUNICATIONS SA
8. AT&T Intellectual Property
9. DISH Network L.L.C.
10. Ligado Networks

North America Healthcare Satellite Connectivity Market Strategic Insights

North America Healthcare Satellite Connectivity Market Segmentation Analysis

North America Healthcare Satellite Connectivity Market Report Highlights

North America Healthcare Satellite Connectivity Report Scope

North America Healthcare Satellite Connectivity Market Country and Regional Insights