Smart Healthcare Products Market, By Product Type (Electronic Health Record, Smart Syringe, Smart Pill, RFID System and Others), By Application (Health Data Storage, Monitoring and Treatment, and Inventory Management), By End User (Hospitals, Home Care Settings, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The global smart healthcare products market is projected to grow substantially in the coming years. Smart healthcare refers to the integration of advanced technologies like IoT, artificial intelligence, blockchain and big data analytics into digital healthcare products and services. These technologies empower patients to remotely monitor their health parameters and enable providers to offer preventive and personalized care. Key smart healthcare products include smart pills, glucose monitors, heart rate monitors, respiratory monitors, and others. The rising burden of chronic diseases, growing geriatric population, increasing penetration of smartphones, and the need for remote patient monitoring are some of the major factors fueling the demand for smart healthcare products worldwide. Market players are extensively investing in Research and development to develop innovative and affordable smart medical devices to transform the healthcare industry.
Market Dynamics:
The global smart healthcare products market is primarily driven by the rising prevalence of chronic diseases such as diabetes, cardiovascular diseases, and respiratory diseases. As per World Health Organization (WHO) estimates, chronic diseases account for over 70% of all deaths globally each year. Smart healthcare devices enable effective management of chronic conditions through remote monitoring and reminders for medication adherence. In addition, the growing geriatric population susceptible to health issues is augmenting the demand for smart healthcare devices. However, high installation and maintenance costs of advanced healthcare solutions hamper the market growth. Moreover, data privacy and security concerns related to connected medical devices pose a significant challenge. On the positive side, increasing healthcare expenditure by governments worldwide on eHealth infrastructure creates lucrative opportunities. Growing investments by market players in the development of 5G and AI-enabled smart healthcare platforms will further aid the market expansion over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global smart healthcare products market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global smart healthcare products market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Allscripts Healthcare Solutions Inc., Medtronic, Inc., Becton Dickinson & Company, Honeywell Life Care Solutions, AirStrip Technologies, Cerner Corporation, Stanley Healthcare, Terumo Corporation, Olympus Corporation, eClinicalWorks, Epic Systems, Terumo Corporation, Siemens Medical Solutions
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global smart healthcare products market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart healthcare products market
- By Product Type
- Electronic Health Record
- Smart Syringe
- Smart Pill
- RFID System
- Others
- By Application
- Health Data Storage
- Monitoring and Treatment
- Inventory Management
- By End User
- Hospitals
- Home Care Settings
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Top companies in Global Smart Healthcare Products Market:
- Allscripts Healthcare Solutions Inc.
- Medtronic, Inc.
- Becton Dickinson & Company
- Honeywell Life Care Solutions
- AirStrip Technologies
- Cerner Corporation
- Stanley Healthcare
- Terumo Corporation
- Olympus Corporation
- eClinicalWorks
- Epic Systems
- Terumo Corporation
- Siemens Medical Solutions
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Smart Healthcare Products, By Product Type
- Market Smart Healthcare Products, By Application
- Market Smart Healthcare Products, By End User
- Market Smart Healthcare Products, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Growing need to reduce medical errors and improve patient safety
- Interoperability and integration challenges
- Integration of medical terminology software with big data analytics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Global Smart Healthcare Products Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Smart Healthcare Products Market, By Product Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 – 2030
- Segment Trends
- Electronic Health Record
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Smart Syringe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Smart Pill
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- RFID System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- 6. Global Smart Healthcare Products Market, By Application, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 – 2030
- Segment Trends
- Health Data Storage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Monitoring and Treatment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Inventory Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- 7. Global Smart Healthcare Products Market, By End User, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 – 2030
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- 8. Global Smart Healthcare Products Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2019 –2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/ Region, 2018-2030, (US$ Bn)
- South Africa
- North Africa
- Central Africa
- 9. Competitive Landscape
- Allscripts Healthcare Solutions Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Medtronic, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Becton Dickinson & Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Honeywell Life Care Solutions
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- AirStrip Technologies
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Cerner Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Stanley Healthcare
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Terumo Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Olympus Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- eClinicalWorks
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Epic Systems
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Terumo Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Siemens Medical Solutions
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
- 10. Section
- Research Methodology
- About us
- *Browse 35 market data tables and 33 figures on “Global Smart Healthcare Products Market” - Global forecast to 2030
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