How 5G will Affect Healthcare

Publish Date: May 2019 | Category: Healthcare, Pharmaceuticals & Medical Devices | Publisher: BCC Research | Status: Publish

Report Scope:

The scope of this study begins with the definition of 5G and goes on to describe its potential uses and how those are likely to affect healthcare. The Internet of Things (IoT) and the Internet of Medical Things (IoMT) will be described. This will be followed by chapters focusing on the impact of 5G on providers, hospital systems, medical device companies, pharmaceutical companies and telehealth. The report will wrap up with summaries of several companies that are key players in the technological launch of 5G systems, as well as companies marketing products for the application of 5G wireless in healthcare—products such as wireless medical devices, electronic health records (EHR) and remote surgical equipment. In addition, pharmaceutical companies are harvesting Big Data from wireless applications to make drug development and clinical testing more efficient; this too will be described in this report.

This report is intended to enlighten manufacturers, product suppliers, healthcare providers, hospital systems, and suppliers and consumers of telehealth services on the reasons why 5G is likely to revolutionize healthcare. The intended audience also includes hospital system CEOs, provider groups, payer groups and investment firms working in the sector.

Report Includes:

- Introduction to 5G and its significant impact on healthcare
- A look at the relation between 5G and the Internet of Things (IoT) with digital transformation
- Examination of challenges posed by current healthcare systems
- Information on telemedicine and its potential in mental healthcare and remote patient monitoring
- Profiles of the major players in the market, including Capsule Technologies, Ericsson Inc., Huawei Technologies Co. Ltd., Intel Corp., and Samsung Electronics Co. Ltd.

Summary

This report is intended to inform the reader about 5G wireless and its impact on healthcare. 5G wireless technology is just beginning to be installed globally, and its impact on healthcare is already beginning to be felt; but experts are convinced that 5G is set to be a disruptive force with respect to healthcare in both developing and developed countries.

The objectives of this report are to describe, in layman’s terms, what 5G is and how it works. The report will then discuss the significance of 5G in relation to healthcare systems and how this technology may potentially improve the delivery of personalized care while decreasing healthcare costs.

Table of Contents

Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports

Chapter 2 What is 5G?
Fifth Generation of Network Architecture
5G Rollout Timeline

Chapter 3 Challenges Posed by Current Healthcare Systems
Not Data Driven
Lack of Personalized Medicine
Unequal Accessibility
Wasteful and Expensive
Errors and Prevention Failures
Shortage of Trained Personnel

Chapter 4 Factors Affecting Health Ecosystems’ Digital Transformation
Collaboration Between Hospital Systems, Healthcare Providers and Device Makers
Updating Interconnectivity is Vital to Making a Significant Leap Forward
Shortage of IT Experts in the Healthcare Ecosystem
Security, Privacy and a Lack of Trust
The Need for Training to Manage Data and Access Critical Digital Applications
Need for More Rapid Update and Modification of Regulations
Factors Driving and Restraining Implementation of 5G in IoMT
Interoperability
5G Is Not a Cure-All for What Ails Healthcare Ecosystems

Chapter 5 Impact of 5G on Providers
Impact on Patient Mix and Office Layout
The Need for Knowledge of Basic Information and Communication Technologies (ICT)
Physicians Are Not Traditionally Technology First-Movers
Promoting Practice Changes
Achieving More Patient-Centric Care
Who “Owns” the Patient Relationship? Provider or Payer?

Chapter 6 Impact of 5G on Hospital Systems
Developing a Healthcare Digital Strategy
5G as a Driver of Value-Based Healthcare (VBHC)
Rush University Medical Center Working With AT&T for First 5G Wireless Network in a U.S. Hospital
Electronic Health Records (EHRs)
U.S. Government Continues to Push Adoption of EHR
European Commission Adopts Recommendation on a European EHR Exchange Format
Increased Use of Remote Surgery with Haptic Feedback
Improving Emergency Services
Potential to Make Cyberattacks Worse

Chapter 7 Impact of 5G on Medical Device Companies
Key Factors Affecting Medtech Companies
Too Many Unmanaged Devices in Healthcare Systems
Needed: A Shift in How Medtechs Develop Products
Maintaining Trust in a Digital Age
The Entrepreneurial World of Connected Wearables
Wearables, Smartphones and Data Mining

Chapter 8 Impact of 5G on Pharmaceutical Companies
How Drug Discovery Used to Be
Use of AI and Algorithms to Look for Patterns
Increasing Investment, But Challenges Abound

Chapter 9 Telemedicine: Enormous Potential but Underutilized
Physician Credentialing Vital to Telemedicine Success
CMS Expands Reimbursement for Remote Patient Monitoring
InTouch Health and Telemedicine
InTouch Expands into Telehealth
InTouch Collaborates with Intuitive Surgical
Why is Telemedicine Underutilized?
Policy Deficiencies and Organizational Barriers
Lack of Clinical Champions
Lack of IT Teletechnician Champions
Technological Barriers
U.S. DOD and Remote Surgery on the Battlefield
Using Telemedicine to Fill the Gap in Mental Healthcare
Remote Monitoring for Patients with Chronic Diseases
5G to Positively Impact Senior Care and Housing

Chapter 10 Company Profiles
BIOVISTA TECHNOLOGIES
CAPSULE TECHNOLOGIES
ERICSSON INC.
HUAWEI TECHNOLOGIES CO. LTD.
INSILICO MEDICINE INC.
INTEL CORP.
INTOUCH HEALTH
KOREA TELECOM
LIVONGO
SAMSUNG ELECTRONICS CO. LTD.
Chapter 11 Appendix

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