Edge Computing In Healthcare Market Size, Scope And Growth 2025 To 2034
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What is the projected value of the edge computing in healthcare market by 2029?
The edge computing in healthcare market size has grown exponentially in recent years. It will grow from $4.67 billion in 2024 to $5.74 billion in 2025 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to increase in telemedicine services, rising data privacy concerns, demand for real-time data processing, increase in wearable health devices, and development of 5G networks.
The edge computing in healthcare market size is expected to see exponential growth in the next few years. It will grow to $13 billion in 2029 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to focus on disaster recovery and continuity planning, growth of wearable health technology, cost efficiency in healthcare, operations, regulatory push for data localization, and expansion of virtual healthcare services. Major trends in the forecast period include AI and machine learning integration, internet of medical things expansion, edge-to-cloud continuum, virtual and augmented reality applications, product innovation, and integration of technologies.
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How are technological advancements fueling growth in the edge computing in healthcare market?
The expansion of telehealth services is expected to propel the growth of edge computing in the healthcare market going forward. Telehealth services refer to using digital information and communication technologies, such as computers, mobile devices, and wearables, to access and manage healthcare services remotely. The expansion of telehealth services is due to the demand for accessible, convenient, and efficient healthcare delivery. Edge computing in healthcare is required in telehealth services to ensure low-latency data processing and real-time analytics, enhancing the responsiveness and reliability of remote patient consultations and diagnostics. For instance, in December 2023, according to an article published by American Medical Association, the US-based association for physicians and medical students, in 2022, around 74.4% of physicians provide telehealth services and around 54.9% use telehealth services to manage patients with chronic diseases. Therefore, the expansion of telehealth services is expected will drive the edge computing in the healthcare market.
Which segment currently leads the edge computing in healthcare market in terms of revenue share?
The edge computing in healthcare market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Application: Telehealth And Remote Patient Monitoring, Diagnostics, Robotic Surgery, Ambulances, Other Applications
3) By End User: Hospitals And Clinics, Long-Term Care Centers And Home Care Settings, Ambulatory Care Centers, Other End-Users
Subsegments:
1) By Hardware: Edge Servers, Gateways And Routers, Edge Devices, Storage Solutions
2) By Software: Edge Management Software, Analytics And Data Processing Software, Security Software, Application Software For Real-Time Healthcare Data
3) By Services: Deployment And Integration Services, Consulting and Advisory Services, Managed Services, Maintenance And Support Services
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Which major trends are influencing the growth of the edge computing in healthcare industry?
Major companies operating in the edge computing in healthcare market are developing innovative solutions, such as AI computing platform to enhance real-time data analysis and improve patient outcomes. An AI computing platform is a system that combines hardware and software to perform advanced artificial intelligence tasks, such as machine learning and data analysis, efficiently and effectively. For instance, in September 2022, Nvidia Corporation, a US-based technology company, launched the NVIDIA IGX platform for high-precision edge AI, bringing advanced security and proactive safety to sensitive industries such as manufacturing, logistics, and healthcare. The NVIDIA IGX platform is an industrial-grade edge AI computing platform for safe and secure autonomous systems in sensitive industries such as manufacturing, logistics, and healthcare. It is tailored to harness the advantages of AI in industrial automation and medical devices, fostering safer collaboration between humans and machines. It shines particularly in robotic-assisted surgery, patient monitoring, and advanced manufacturing environments.
Who are the top competitors in the global edge computing in healthcare market?
Major companies operating in the edge computing in healthcare market are Google LLC, Samsung Electronics Co., Microsoft Corporation, Verizon Communications Inc., Dell Technologies Inc., Amazon Web Services (AWS) Inc., Lenovo Group Limited, General Electric Company, Intel Corporation, IBM Corporation, Cisco Systems Inc., Qualcomm Incorporated, Hewlett Packard Enterprise Company, Fujitsu Limited, NVIDIA Corporation, Nokia Corporation, Siemens Healthineers AG, Koninklijke Philips NV, VMware Inc., Advantech Co. Ltd., Aruba Networks Inc., ADLINK Technology Inc., Huawei Technologies Co. Ltd., Litmus Automation Inc., Veea Inc., FogHorn Systems Pvt Ltd.
What regional dynamics are shaping the future of the global edge computing in healthcare market?
North America was the largest region in the edge computing in healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edge computing in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can Companies Use The Edge Computing In Healthcare Market Report to Drive Business Results?
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• Time market entry or expansion using growth forecasts and CAGR trends.
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• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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