A $8.3 Billion Global Opportunity for Healthcare Satellite Connectivity by 2026 - New Research from StrategyR

SAN FRANCISCO, Oct. 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Healthcare Satellite Connectivity - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1536
Companies: 10 - Players covered include AT&T, Inc.; Expedition Communications; Globalstar, Inc.; Inmarsat plc; X2nsat and Others.
Coverage: All major geographies and key segments
Segments: Component (Medical Device, System & Software, Services); Connectivity (Mobile Satellite Services (MSS), Fixed Satellite Services (FSS)); End-Use (Clinical Research Organization (CRO), Hospitals & Clinics, Research & Diagnostic Laboratories, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Healthcare Satellite Connectivity Market to Reach $8.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Healthcare Satellite Connectivity estimated at US$5.9 Billion in the year 2020, is projected to reach a revised size of US$8.3 Billion by 2026, growing at a CAGR of 5.7% over the analysis period. Medical Device, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$1.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the System & Software segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.9 Billion in 2021, While China is Forecast to Reach $1.5 Billion by 2026
The Healthcare Satellite Connectivity market in the U.S. is estimated at US$1.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2026 trailing a CAGR of 5.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Services Segment to Reach US$2.5 Billion by the year 2026
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.