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• Market Expansion: The edge computing in healthcare market has seen substantial growth, increasing from $3.81 billion in 2023 to $4.67 billion in 2024, with a CAGR of 22.5%.
• Historical Growth Drivers: The rise in telemedicine services, heightened data privacy concerns, and demand for real-time data processing have been pivotal in driving market growth.
• Future Projections: By 2028, the market is projected to reach $10.60 billion, maintaining a strong CAGR of 22.8%.

Key Growth Drivers

• Telemedicine Expansion: The growing reliance on telehealth services is a major contributor, driven by the need for accessible and efficient healthcare delivery.
• Wearable Health Devices: The increase in wearable technology for health monitoring has necessitated edge computing for real-time data processing and analysis.
• 5G Network Development: The deployment of 5G networks has enabled faster and more reliable data transmission, further boosting the market.

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Technological Advancements

• AI and Machine Learning: Integration of AI into edge computing allows for more sophisticated data analysis and improved patient outcomes.
• Internet of Medical Things (IoMT): The expansion of IoMT devices enhances connectivity and data sharing, driving the need for edge computing.
• Edge-to-Cloud Continuum: This approach improves data management by balancing local processing with cloud storage, ensuring efficiency and security.

Impact of Telehealth Services

• Increased Demand: The expansion of telehealth services, driven by the need for remote healthcare access, is a key factor in the growth of edge computing in healthcare.
• Low-Latency Processing: Edge computing ensures real-time data processing, which is crucial for telehealth services to function effectively.
• Statistical Evidence: In 2021, 37% of U.S. adults used telemedicine, underscoring the growing reliance on remote healthcare services.

Major Industry Players

• Key Companies: Leading players include Google LLC, Microsoft Corporation, and Dell Technologies Inc., all of which are investing in edge computing innovations.
• Strategic Acquisitions: Dell’s acquisition of Cloudify in 2023 aims to enhance its edge computing capabilities, particularly in healthcare.

Innovative AI Platforms

• AI Computing Platforms: Companies like NVIDIA Corporation are developing advanced AI platforms, such as the NVIDIA IGX, to enhance real-time data analysis in healthcare settings.
• Robotic Surgery and Patient Monitoring: These AI platforms are particularly beneficial in applications like robotic-assisted surgery and patient monitoring, where precision and safety are paramount.

Regional Insights

• North America: The region was the largest market for edge computing in healthcare in 2023, driven by advanced healthcare infrastructure and strong tech industry presence.
• Asia-Pacific: Expected to be the fastest-growing region during the forecast period, fueled by expanding healthcare services and increasing adoption of digital health technologies.

Conclusion

The edge computing in healthcare market is set for exponential growth, driven by technological advancements, the expansion of telehealth services, and increasing adoption of wearable health devices. With major companies investing in AI and cloud solutions, the market is poised to revolutionize healthcare delivery, particularly in regions like Asia-Pacific.

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The Edge Computing In Healthcare Global Market Report 2024  provides an overview of the edge computing in healthcare market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The edge computing in healthcare market forecast analyzes edge computing in healthcare market size, edge computing in healthcare market share, leading competitor and their market positions.

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