Global Healthcare Satellite Connectivity Market by Connectivity (Mobile Satellite, Fixed Satellite), by Component (Services, Medical Device, Software) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global healthcare satellite connectivity market was valued at USD 5.8 billion in 2016. It is expected to grow at 7.1% CAGR during the forecast period. One of the main contributors to the market's growth is the rising healthcare spending towards telemedicine and eHealth.

As hospitals and medical facilities focus more on efficiency and better delivery of care to patients, the usage of various technology platforms is growing rapidly. Technology is being increasingly used in healthcare due to rising rates of chronic diseases, increasing age and rising medical costs. Rural areas often lack the infrastructure for healthcare, skilled workers, or access to high-quality health services. Satellite connectivity and technology-enabled services can be combined to provide better access to health services in rural areas. Satellite connectivity allows remote monitoring of patients, digital imaging, consultations, e-learning, and access sessions that can be used to enhance the knowledge of distant medical professionals.

U.S. Healthcare Satellite Connectivity Market, By Component, 2014-2025 ($Billion).

As large-scale investments are necessary to deploy solutions such as telemedicine or mobile healthcare, government initiatives play an important role in increasing satellite-enabled technology adoption in healthcare. Many governments are investing in infrastructure improvements in remote areas to improve patient care, better diagnosis and treatment, as well as delivering professional training. The Luxembourg Ministry of Foreign and European Affairs, SES S.A. (a service provider of satellite communications) and German Doctors (a nongovernmental organization (NGO), have launched a satellite connectivity based eHealth platform at the German doctor's hospital in Buda. SATMED, a platform that will improve healthcare and offer eHealth services to remote areas on Mindanao's island.

Component Insights

In 2016, the system and software segment accounted for 49.7% of the revenue share. There are many software options available to manage the patient database and medical records. This segment is a result of the growing demand for data analytics in the healthcare sector and the rapid adoption of technology in medical services.

With a CAGR 7.5%, the services segment will be the fastest-growing segment during the forecast period. This segment is expected to grow due to the rising demand for seamless data flow between people and devices. These factors include the need to improve the efficiency and security of medical devices and to enable real-time decision-making.

The various services that are technology-based in the healthcare industry include system integration, consulting, training and education, as well as support & maintenance. The services market is expected to grow due to the growing demand for seamless data flow between people and devices. This will increase efficiency and security of medical devices and allow for informed decision-making.

Application Insights

In 2016, the dominant segment was eHealth satellite technology. Satellite technology in healthcare was the dominant segment in 2016. These key factors are rising government initiatives, patient safety concerns, and a rise in demand for efficient delivery of care services.

With a forecasted 8.6% CAGR, the other segment will be the fastest-growing segment. This segment also includes applications like connected imaging, emergency services, disaster response, distance education, and other related technologies. In emergency situations and as a response to disasters, rescue operations or other emergencies, advanced miniaturized equipment can be used to transmit data to the medical centre via satellite systems.

The European Space Agency's DELTASS (Disaster Emergency Logistic Telemedicine Advance Satellite System) is a satellite-based system that aids in disaster response and management of medical-aid during natural disasters. Satellite communications are used to complement damaged terrestrial communications in these situations. This segment is expected to grow due to the increasing adoption of satellite technology as well as the Internet of Things (IoT), which connects imaging.

End-use Insights

With a 65.3% share in 2016, hospitals and clinics dominated the market. This dominance is expected to continue over the forecast period. The large market share is due to increasing demand for efficiency in hospital management, streamlining workflows, increased focus on patient safety, decreasing associated high costs and reducing errors in prescription & dispensing.

Technology has become more widely used to streamline and manage the operations of hospitals, clinics and other healthcare facilities. The adoption of technology in hospital core activities has many benefits, such as remote monitoring and analysis of patient data from Real-Time Location Systems, which allows for the maintenance of a central database record of all patients. This also allows for enhanced treatment.

This awareness is expected to increase the use of information technology in hospitals and clinics. Satellite communication technology is being used in more hospitals and clinics due to the increasing focus on patient safety and clinical efficiency.

Connectivity Insights

The market can be divided into Fixed Satellite Services (FSS), and Mobile Satellite Services. Due to its increasing usage and increased use in eHealth, telemedicine and telemedicine, the FSS segment was dominant in 2016. The MSS segment will be the fastest growing segment, with a predicted CAGR of 10.5% during the forecast period.

FSS in healthcare will grow rapidly due to increasing demand for data transmission. FSS uses a ground station that is located at a particular location. It then uses Very Small Aperture Terminal technology (VSAT) to transmit high-speed data to users from different locations.

Technological advancements like the use of smartphones, sensors, real time patient monitoring, asset tracking, and mobile apps are driving mobile stationary services usage to grow rapidly. Over the forecast period, growth will be boosted by rising voice and data consumption in emerging areas like eHealth, telehealth and emergency & catastrophe response.

Market for global healthcare satellite connectivity in 2016, by connectivity (%)

Regional Insights

With a 35.4% revenue share, North America was the dominant market in 2016. Satellite connectivity is growing in this region due to increasing adoption of internet infrastructure and connectivity, as well as the rising number Internet users. North America's market is growing due to the availability of high-speed Internet and advanced telecommunication technologies. There is also an increasing demand for such technologies in healthcare integration. Market growth is also expected to be driven by a rise of chronic diseases and advanced healthcare infrastructure.

Due to its widespread use of telehealth services and telehealth, the U.S. is the biggest market in the region. Numerous government and non-government initiatives have accelerated the adoption of information technology in healthcare. The National HIT Initiative promotes Health IT. This includes interoperability and adoption, security, privacy, security, collaborative governance, and collaboration. The initiative is designed to reduce healthcare spending by 10%.

Telemedicine providers are becoming more popular among insurance providers. In 2014, for example, the Blue Cross Blue Shield Association partnered with American Well to offer telemedicine services for approximately 3.5 million members. This is further boosting the U.S. market growth.

Asia Pacific is expected to grow at 8.5% CAGR. This region is seeing an increase in healthcare spending and the growing adoption of advanced technology. There are also rising government initiatives to adopt digital & advanced technology for better outcomes. In India, for example, the government launched "Sehat", a telemedicine program in 2015, as part of its vision of Digital India. This initiative is designed to connect all healthcare facilities and centers across the country, and offer better care to all citizens.

Healthcare Satellite Connectivity Market Share insights

Inmarsat plc, Hughes Network Systems LLC and SES S.A. are some of the major players in the market. Market players are focused on providing high-quality and secure services that streamline administrative processes and lower healthcare costs.

Report Scope

The Report Covers Certain Segments

This report provides an industry analysis and forecasts for revenue growth from 2014-2025. Grand View Research has divided the market for healthcare satellite connectivity based on components, applications, end-use, connectivity, region, and geography.

• Component Outlook (Revenue USD Million; 2014-2025)

  • Medical Device

    • Wearable external devices

    • Implanted Medical Devices

    • Stationary Medical Devices

  • System & Software

    • Remote Device Management

    • Network Bandwidth Management

    • Data Analytics

    • Application Security

    • Network Security

  • Services

    • System Integration Services

    • Training, Consulting, and Education

    • Support & Maintenance Services

• App Outlook (Revenue USD Million; 2014-2025)

  • eHealth

    • Telemedicine

    • Clinical Operations

  • Other

    • Connected Imaging

• End-use Outlook (Revenue USD Million; 2014-2025)

  • Clinical Research Organization (CRO).

  • Hospitals & Clinics

  • Research & Diagnostic Laboratories

  • Other

• Connectivity Outlook (Revenue USD Million; 2014-2025)

  • Mobile Satellite Services (MSS)

  • Fixed Satellite Services (FSS).

• Regional Outlook (Revenue USD Million; 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Nigeria

Up Market Research published a new report titled “Healthcare Satellite Connectivity Market research report which is segmented by Connectivity (Mobile Satellite, Fixed Satellite), by Component (Services, Medical Device, Software), By Players/Companies Globalstar, Inmarsat plc; Hughes Network Systems LLC, X2nSat, SES SA, Eutelsat The market players focus on delivering high quality & secure services that help streamline the administrative processes and lower the costs of the healthcare sector, Expedition Communications”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Healthcare Satellite Connectivity Market Report Segments:

The market is segmented by Connectivity (Mobile Satellite, Fixed Satellite), by Component (Services, Medical Device, Software).

Healthcare Satellite Connectivity Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Healthcare Satellite Connectivity Market

Overview of the regional outlook of the Healthcare Satellite Connectivity Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Healthcare Satellite Connectivity Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Healthcare Satellite Connectivity Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Mobile Satellite

                2. Fixed Satellite

                1. Services

                2. Medical Device

                3. Software

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Healthcare Satellite Connectivity Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Healthcare Satellite Connectivity Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.