Healthcare Edge Computing Market

Rise in the industry's delivery of emergency medical services is driving the market growth

The pandemic has been unprecedented in a number of ways. Time was of the essence to fight the pandemic and build new facilities, set up a safe way of mass screening, and get the vaccine on the market. The delivery of essential tech solutions for the sector can be sped up by using cloud computing. In order to deliver safe and affordable testing in the Netherlands and Belgium, Spoedtestcorona, a network of testing centers offering Covid-19 fast diagnostic tests, encountered a challenge when trying to quickly construct a cross-platform web application.

The program was designed to minimize in-person interaction while securing testing for patients and medical professionals. They were able to run the app in the record-breaking two weeks by choosing Amazon Web Application services, which allowed them to satisfy the strict regulatory standards associated with storing personal and medical data.

Data is growing rapidly as a result of increased digitization. By the end of 2019 compared to 2015, data growth was 350% higher, according to the United Nations Economic Commission for Europe. Higher network capacity is needed due to the data traffic's exponential growth. Additionally, it may cause catastrophic network failure and congestion. Cisco estimates that between 2016 and 2021, traffic to cloud data centers increased at a CAGR of 27%.

However, by bringing data processing and analysis closer to the source, businesses may easily overcome such problems thanks to Healthcare Edge Computing's advantages of low latency, high bandwidth, and low power. Local Healthcare Edge Computing centers isolate only the crucial and mission-critical data and transfer it to the central data center or cloud, as opposed to moving all the data straight to the centralized storage. Local edge centers, however, also offload labor by generating and transmitting daily reports about the data that needs to be stored for a while.

As a result, less data must travel via the network, which lessens network bottlenecks. Thus, driving the Healthcare Edge Computing market revenue.

The Global Healthcare Edge Computing Market Industry is projected to experience substantial growth over the coming years. The market is expected to reach a value of 3.53 USD Billion in 2024 and is forecasted to expand to 19.5 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 16.8% from 2025 to 2035, indicating a robust demand for edge computing solutions in healthcare. The increasing reliance on real-time data processing, patient monitoring technologies, and IoT device integration are key factors contributing to this upward trend. As healthcare organizations continue to embrace digital transformation, the edge computing market is poised for significant advancements.

The Global Healthcare Edge Computing Market Industry is propelled by the rising adoption of Internet of Things (IoT) devices in healthcare settings. These devices generate vast amounts of data that require efficient processing and analysis. Edge computing addresses this need by enabling localized data processing, which minimizes latency and enhances the responsiveness of healthcare applications. The anticipated compound annual growth rate of 16.8% from 2025 to 2035 indicates a robust market trajectory. As healthcare organizations increasingly deploy IoT solutions for patient care and operational efficiency, the role of edge computing becomes critical in managing the influx of data generated by these devices.

The Global Healthcare Edge Computing Market Industry is also shaped by the stringent regulatory landscape surrounding patient data security and privacy. Healthcare organizations must comply with regulations such as HIPAA, which mandates the protection of sensitive patient information. Edge computing offers enhanced security features by processing data locally, thereby reducing the risk of data breaches during transmission. This aspect is particularly appealing to healthcare providers seeking to maintain compliance while leveraging advanced technologies. As the focus on data security intensifies, the adoption of edge computing solutions is likely to gain momentum, further driving market growth.

The Global Healthcare Edge Computing Market Industry is significantly influenced by advancements in patient monitoring technologies. Edge computing enables continuous monitoring of patients through wearable devices and remote sensors, allowing healthcare professionals to receive real-time updates on patient conditions. This capability not only improves patient outcomes but also reduces hospital readmission rates. The market is expected to grow substantially, with a forecasted value of 19.5 USD Billion by 2035. The integration of edge computing in patient monitoring systems exemplifies the shift towards proactive healthcare, where timely interventions can be made based on real-time data analysis.

The Global Healthcare Edge Computing Market Industry benefits from the cost efficiency and resource optimization that edge computing solutions provide. By processing data at the edge, healthcare organizations can reduce bandwidth costs associated with transmitting large volumes of data to centralized cloud servers. This localized processing not only lowers operational expenses but also enhances the speed and reliability of data access. As healthcare systems strive to optimize their resources amidst budget constraints, the adoption of edge computing technologies is expected to rise. This trend is indicative of a broader shift towards more sustainable and efficient healthcare delivery models.

The Global Healthcare Edge Computing Market Industry experiences a notable increase in demand for real-time data processing. Healthcare providers require immediate access to patient data for timely decision-making, which edge computing facilitates by processing data closer to the source. This trend is underscored by the projected market value of 3.53 USD Billion in 2024, reflecting the urgency for efficient data management solutions. Hospitals and clinics are increasingly adopting edge computing technologies to enhance patient care and operational efficiency, thereby driving market growth. As healthcare systems evolve, the integration of edge computing is likely to become a cornerstone of data management strategies.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Healthcare Edge Computing Market dominated this market in 2022 (45.80%). In the anticipated time, North America is expected to hold the greatest market share. Patients that receive the most encouragement from their healthcare professional visit the patient portal more frequently than those who receive the least encouragement. Patients can access their personal health information quickly and around-the-clock from any location with a network connection thanks to an online gateway.

With the use of the patient portal, patients can manage their own health and treatment. Patient portals can also speed up communication with the doctor, help with care between appointments, and reduce waiting times. Portals are being used by more patients than ever. For instance, almost 77% of executives in the health sector are investing in better smartphone websites and applications. Over 50% want to invest in technologies to engage with patients via messaging, according to a report by Intrado Healthcare on patient management trends for 2022.Further, the U.S.

Healthcare Edge Computing market held the largest market share, and the Canada Healthcare Edge Computing market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: HEALTHCARE EDGE COMPUTING MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Healthcare Edge Computing market accounted for the healthy market share in 2022. According to projections, demand for mobile health will increase due to the region's aging population, which is more prone to suffer from chronic ailments such neurological diseases, hypertension, diabetes, and cardiovascular disease. Further, the German Healthcare Edge Computing market held the largest market share, and the U.K Healthcare Edge Computing market was the fastest growing market in the European region.

The Asia Pacific Healthcare Edge Computing market is expected to register significant growth from 2023 to 2032. A strong computational infrastructure is required because of the region's tremendous development of the connected device ecosystem and the volume of data that has been generated as a result. Moreover, China’s Healthcare Edge Computing market held the largest market share, and the Indian Healthcare Edge Computing market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Healthcare Edge Computing market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Healthcare Edge Computing Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Healthcare Edge Computing Industry to benefit clients and increase the market Application. In recent years, the Healthcare Edge Computing Industry has offered some of the most significant advantages to medicine.

Major players in the Healthcare Edge Computing market, including Cisco, AWS, Dell Technologies, Google, HPE, Huawei, IBM, Intel, Litmus Automation, Microsoft, Nokia, ADLINK, Axellio, Capgemini, ClearBlade, Digi International, Fastly, StackPath, Vapor IO, GE Digital, Moxa, Sierra Wireless, Juniper Networks, EdgeConnex, Belden, Saguna Networks, Edge Intelligence, Edgeworx, Sunlight.io, Mutable, Hivecell, Section, and EdgeIQ, are attempting to increase market demand by investing in research and development operations.

Intent-based solutions for networking, security, collaboration, apps, and the cloud are integrated by Cisco Systems Inc (Cisco). The company sells wireless equipment, controllers, access points, switches, modules, routers, and interfaces. The US state of California is home to Cisco's corporate headquarters. In February 2023, Cisco unveiled Cisco Edge Intelligence, a product that enhances data governance and management while obtaining smart insights from connected assets to boost an organization's competitiveness. It is based on Cisco's multi-layered security, a market leader.

Provider of desktop personal computers, software, and accessories is Dell Technologies Inc. The business creates, develops, produces, promotes, and sells information technology infrastructure, including laptops, desktops, mobile devices, workstations, storage devices, software, and cloud solutions. It also provides support for this infrastructure. The corporation operates throughout the Middle East, Africa, Asia-Pacific, the Americas, and Europe. The headquarters of Dell are in Round Rock, Texas, in the US.