Leading medical technology and diagnostics innovator, GE Healthcare has announced the launch of its first-ever 5G Innovation Lab in India, the first for the company across the globe.
“The 5G Innovation Lab is designed to position GE Healthcare at the forefront of these groundbreaking advances in patient care, including potentially bringing cutting-edge technology to rural and suburban regions,” a company statement said.
The lab has been established at the John F.Welch Technology Centre (JFWTC) Bengaluru, GE Healthcare’s largest R&D centre outside the USA. The innovation lab looks to serve as a testbed to develop future-ready products and solutions.
Further, as per the company press statement, the lab will house modern and innovative infrastructure that will include a private 5G network for testing and development.
Such a lab with state-of-the-art infrastructure is suitable to offer a platform for a collaborative ecosystem involving academia, the healthcare industry, and startups. Further, the lab aims at facilitating exploration and enabling validation and qualification of 5G-enabled ‘Precision Healthcare’ use cases, the statement said.
It is prudent to be noted that 5G in healthcare was valued at an estimated $215 Mn in 2021 and is projected to reach $3,667 Mn by 2026.
Like any other segment in the country, the healthcare industry too will be beneficial in many factors than just a few. It can act as a key catalyst for transforming the patient experience by enabling rapid collection and transmission of large data files and real-time, high-definition video, which can support quicker analytical insights and streamline clinical decision-making, according to the company.
“India is an important market for us globally and it is indeed the right time to venture into 5G, which will open a realm of exciting opportunities, driving the next wave of growth in Healthcare,” said Jan Makela, President & CEO, Imaging at GE Healthcare.
According to the company statement, the GE Healthcare 5G Innovation Lab will serve as a conduit for the interplay of exponential technologies including AI/ML, IoT, Big Data, Edge Computing, and Cybersecurity.
With the Indian government already sanctioning the 5G rollout in the country, industries like healthcare and companies like GE are optimistic about building a narrative of growth and inclusion. With massive bandwidth, high data speeds, low latency, and highly reliable connectivity, 5G has the potential to disrupt the patient care continuum, transforming diagnosis, therapy, and prognosis, the company noted.