Which Companies are Driving the 5G In Healthcare Market

• Published Date: May 15, 2024

Transformative Impact of 5G in Healthcare

The potential of 5G in healthcare shows a positive outlook, providing advanced communication, fast transmission of massive data for early discovery of severe illnesses, and using low latency and high computing abilities to significantly advance diagnostic and therapeutic processes.

The 5G in healthcare market was valued at USD USD 40.2 billion in 2022, which will increase to USD 147 billion in 2030.

Let's examine some leading firms within the 5G in healthcare industry.

AT&T Inc.

Establishment: 5 October 1983

Headquarters: U.S.

Website: www.att.com

AT&T Inc. is a major telecommunications company based in the US, offering wireless and wireline communications, as well as digital TV services. With its extensive network infrastructure, it's a leading provider domestically and globally. Through its acquisition of WarnerMedia, it now offers digital entertainment services with brands like HBO and CNN.

In addition, AT&T is investing in 5G which is to improve healthcare, that involve better data sharing and telemedicine performance. Robust 5G network of that beam helps in rapid data transmission, distant consultations, and allows AR/VR technology to be developed. This unwavering understanding portrays the deep connection of AT&T to the innovations and better outcomes of healthcare.

AT&T Inc. reported revenue of $32 billion in the first quarter of 2023, posting a strong 2.2% year-over-year growth. AT&T's full-year revenue for 2023, which reached $122.4 billion, was up 1.4% from that of the previous year.

China Mobile Limited

Establishment: 1997

Headquarters: China

Website: www.chinamobileltd.com

China Mobile Limited is a major service provider of ICT in China, providing communication services all in the mainland China and across Hong Kong SAR. Extensive networking, customers, and other factors played the major role inventing company in its financial statement, brand value, and market ranking. Its services include voice, data, broadband, cloud computing, and IoT, and they serve multiple markets — residential, commercial, and government.

China Mobile Limited through 5G technology is creating a new healthcare paradigm by providing remote health services, real-time data transmission and applications that are innovated for health. Moreover, by the middle of 2023, its subscriber enumeration amounted to almost one billion in the field of mobile communication and to considerable numbers of wireline broadband customers as well. Revenue related to operation for the first half-year period in 2023 amounted to RMB 530.7 billion.

T‑Mobile

Establishment: 1999

Headquarters: Germany

Website: t-mobile.com

T-Mobile, offers wireless voice, messaging, and data services to millions of consumers and businesses across the world. T-Mobile is known for its innovative approach to wireless services, including initiatives such as the Un-carrier movement, which aims to disrupt traditional telecommunications practices and provide more transparent and customer-friendly services. T-Mobile is actively involved in leveraging its 5G network infrastructure to revolutionize the healthcare sector.

Service revenue rose 3% year-over-year to USD 16.0 billion in the fourth quarter of 2023 and 3% year-over-year in 2023 to USD 63.2 billion. This growth includes a 6% year-over-year increase in postpaid services revenue in the fourth quarter of 2023 and throughout 2023 as well.

Vodafone Group Plc

Establishment: 1991

Headquarters: United Kingdom

Website: https://www.vodafone.com/

Vodafone Group Plc is a giant multinational provider of telecommunication services, ranging from voice and SMS to data and digital applications, all around the globe. Vodafone has crucial presence in both the Americas and Europe, in Africa, the Middle East and Asia-Pacific. It, therefore, a great actor in global 5G technology rollout. But most interesting is its role in 5G health care, allowing new things this technology can actually do, including remote patient monitoring, telemedicine, and enhanced connectivity for medical devices. This, therefore, ends up transforming the way health care systems operate.

In their financial year ending on March 31st, 2023, Vodafone generated a total revenue of approximately 51.48 billion US dollars.

Nokia Corporation

Establishment: 1865

Headquarters: Finland

Website: https://www.nokia.com/

Network Infrastructure, and Advanced Technique services by Nokia Corporation the fixed and mobile networks: IP Routing, IoT. and 5G Services for the whole world. It is established in a variety of verticals, including healthcare, where solutions that the company offers are used to realize improvements like remote patient monitoring and telemedicine, with these two key activities contributing to better healthcare delivery.

Nokia expects comparable operating profit for the full year 2024 to be in the range between EUR 2.3 billion and EUR 2.9 billion and accurate conversion of free cashflow of at least 30 % from comparable operating profit.

Telefonaktiebolaget LM Ericsson

Establishment: 1876

Headquarters: Sweden

Website: https://www.ericsson.com/en

Telefonaktiebolaget LM Ericsson in 5G technology, revolutionizing healthcare. Ericsson's 5G expertise enhances medical services with high-speed data transfer, real-time monitoring, and augmented reality-assisted surgeries. Through Ericsson's solutions, healthcare providers can establish reliable networks for remote consultations, improving accessibility and patient outcomes.

Ericsson's revenue declined year-over-year, both for the quarter ending September 30, 2023 (down 7.64% to USD 5.964 billion) and for the full year 2023 (down 2.09% to USD 26.263 billion).

Samsung Electronics Co. Ltd.

Establishment: 1969

Headquarters: South Korea

Website: https://www.samsung.com

Samsung Electronics Co. Ltd. is a major multinational technology company, specializing in electronics, semiconductors, and telecommunications. The company offers a wide range of products, including smartphones, tablets, televisions, home appliances, and networking equipment.

Samsung plays a significant role in advancing 5G technology, particularly in healthcare, where its 5G infrastructure enables innovations such as remote patient monitoring, telemedicine consultations, and real-time data transmission, fostering improved patient care and operational efficiency in medical facilities globally.

In 2023, according to Samsung's latest financial reports the company's current revenue (TTM) is $196.77 B.

Deutsche Telekom AG

Establishment: 1995

Headquarters: Germany

Website: https://www.telekom.com/de

Deutsche Telekom AG is an international telecommunications company, which provides the service of commercial and residential global networks, including digital services. It covers almost every important sector particularly healthcare as its area of focus. Health care, 5G wireless connectivity designed by Deutsche Telekom provide facilities that are remote patient monitoring and telemedicine consultations can improve the level of care and the medical facilities performance globally.

Deutsche Telekom AG is a Germany based organization that serves as a carrier in HAP-2 regions of Europe, like Germany, Austria, Hungary, Greece, Croatia and the Netherlands. On the other hand, it is in the US market as well because of T-Mobile US which an American subsidiary of it.

Orange SA

Establishment: 1988

Headquarters: France

Website: www.orange.com

Orange SA, the France-headquartered global telecom operator spanning 30 countries, mainly in Europe and Africa, is a prime example of how local diversity can create a competitive advantage. In health care, Orange expects that 5G technology will be a game changer and it will provide a network infrastructure which is necessary to make innovations like remote patient monitoring as well as telemedicine consultations better, enabling healthcare systems to provide better care to patients and improve overall effectiveness of operations in medical facilities worldwide.

The net sales in the Orange fiscal year 2023 amounts to 47,753 million USD, which is higher than the net sales in the 2022 fiscal year of 45,801 million USD.

Telus Corporation

Establishment: 1990

Headquarters: Canada

Website: https://www.telus.com/en

TELUS Corporation, with its head office in Vancouver, Canada, has under its belt companies like TELUS Communications Inc, TELUS Mobility, TELUS Health, and TELUS International. It is a worldwide Telco company that brings abilities in telecommunication, massage and healthcare services being primary.

Listed on the Toronto Stock Exchange (TSX: H), Telsimet develops a substantial position in providing healthcare with 5G technology which makes it possible to realize innovations such as remote monitoring and telemedicine consultations. The main area of Telus' operations is Canada though the company also has international operations.