Edge Computing in Healthcare Market Size Worth $43.29 Billion By 2032 | CAGR: 26.3%

The global edge computing in healthcare market size is expected to reach USD 43.29 billion by 2032, at 26.3% CAGR, according to a new study by Polaris Market Research. 

Pharmaceutical companies and research institutions are leveraging edge computing for real-time data analysis in drug development, genomics, and clinical trials. This expedites research, accelerating the discovery of novel treatments and therapies. The adoption of Internet of Things (IoT) devices for monitoring and tracking healthcare parameters is on the rise. Edge computing processes data generated by these devices locally, ensuring low latency, efficient network resource utilization, and the delivery of timely healthcare services.

In the healthcare sector, data security and compliance are paramount. Edge computing mitigates these concerns by processing sensitive patient data at the source. This approach reduces the risk of data breaches and ensures compliance with stringent privacy regulations. Edge computing transforms electronic health records (EHR) management. Physicians and healthcare providers can access patient records swiftly and securely, enhancing the quality of care while reducing administrative burdens.

The convergence of edge computing and artificial intelligence (AI) is revolutionizing diagnostics. AI-driven diagnostic tools swiftly analyze patient data, images, and test results, empowering healthcare professionals to make accurate diagnoses and formulate precise treatment plans. Several governments are investing in healthcare digitization and infrastructure development. Edge computing aligns seamlessly with these initiatives, enhancing the efficiency and accessibility of healthcare services for the masses.

The global market is experiencing a surge in health tech startups that harness the power of edge computing for innovative solutions. These startups are developing wearable devices, remote patient monitoring platforms, and other cutting-edge solutions, contributing to the healthcare technology landscape's rapid evolution.

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Edge Computing in Healthcare, Market Report Highlights

• Hardware accounted for a significant market share in 2022, which is mainly driven by the greater use of edge servers, medical IoT devices, and embedded systems
• Remote patient monitoring and telehealth accounted for a significant market share in 2022, which is mainly driven by its real-time data processing, low latency, and secure data transmission
• Hospitals and clinics segment held the maximum market revenue share in 2022, mainly due to the increase in the adoption of edge computing for applications such as real-time patient monitoring, telemedicine and remote consultations, and IoT in healthcare
• North America region dominated the market with a majority share in 2022, owing to the adoption of advanced healthcare technology, surge in health data generation, and  adoption of telehealth solutions
• The global key market players include Cisco Systems, Inc., Dell Technologies, Inc., General Electric Company, Google LLC, Microsoft Corporation, and Nokia Corporation among others

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