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At a CAGR of 9.8 percent between 2023 and 2030, the worldwide smart home healthcare market is expected to expand from its 2023 valuation of $4.89 billion to a final total of $11.27 billion.
Healthcare in a smart home is provided by a system that is aware of its environment and can make quick, informed decisions and take independent action to improve the health of its inhabitants. Opportunities in healthcare are being opened up by health monitoring smart home goods. Smartwatches and other wearable health monitors are currently trending in popularity. The healthcare sector has been propelled forward by constant innovation and R&D efforts. Interoperability, in which devices may talk to one another, is likely to form the basis of future smart home health care solutions in the not-too-distant future. An ecosystem of medical gadgets and sensors, "smart home healthcare" monitors the well-being of its residents in real time. Each member of the household can receive their own unique input from this environment. The widespread availability of the Internet and its accompanying technologies has increased dramatically in recent years.
The COVID-19 pandemic is expected to boost the remote healthcare technology business. A large number of medical facilities worldwide reorganised to increase their hospital capacity for COVID-19 patients. The rapidly increasing number of COVID-19 cases has created the risk for a backlog in non-essential procedures. The lockout impeded the production and distribution of vital healthcare supplies. Limited medical resources, a lack of qualified medical personnel, and an increase in COVID-19-related hospitalisations are further causes of the market's reaction.
The increasing proportion of the population over 65 is a key element propelling the expansion of this market. Because elderly folks have more mobility issues and require more frequent monitoring. The rise in the prevalence of chronic diseases that has accompanied the rise in the prevalence of unhealthy lifestyles is also expected to contribute to the expansion of the smart home healthcare industry. The expanding use of the Internet of Things (IoT) is another factor driving the industry forward. Smart home healthcare market projection share growth is also being addressed by technology development and the increasing need for individualised healthcare in developed countries. However, the potential for improper use of one's personal information is a major restraint on the smart home healthcare business due to worries about data privacy and security.
The worldwide smart home healthcare market faces significant limitations, including a lack of user technical knowledge and hefty installation costs. Smart home healthcare relies on human-computer interaction, therefore familiarity with technology is also helpful for users. In the not-too-distant future, technology is expected to become more user-friendly as complexity decreases. Better healthcare delivery and prevention for humans would result from increased access to human data, which in turn would boost technical and automation capabilities. One possible future for healthcare is for it to be delivered mostly through smart home systems. Although there is a lot of work to be done before the dream of smart home healthcare can become a reality, there is a sizable market for it around the world.
Market researchers have broken down the worldwide smart home healthcare industry by product, technology, application, and geography. Medical device alert systems, smart glucose monitoring systems, smart cardiac monitoring systems, and others are some of the product-based market subdivisions. The two main uses are in monitoring a person's health and detecting falls. Segmentation by technology yields wireless and wired subsets. It is broken down geographically across the Americas, Europe, Asia, and LAMEA (Latin America, the Middle East, and Africa).
Report Coverage
Global Smart Home Healthcare research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smart Home Healthcare report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smart Home Healthcare competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smart Home Healthcare market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smart Home Healthcare market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smart Home Healthcare market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Agatsa Software Pvt.Ltd., DexCom, Inc, Mytrex Inc., Sunfox Technologies Pvt Ltd., MariCare Oy, Tunstall Group, Medtronic, VitalConnect., Apollo Global Management, Inc, Connect America, Nureca, F Hoffmann Roche, Bayalarm, Withings, Qure4u, Medical Guardian LLC, Abbott Laboratories, Apple Inc, Companion Medical, General Electric, Health Care Originals, Hocoma, SAMSUNG, Zanthion, Resideo Technologies, Inc., Schneider Electric, Qualcomm Technologies, Inc., BSH Home Appliances Group, Koninklijke Philips N.V, AT&T, Anish Corporation, E & A Engineering Solutions Private Limited, Kul Systems
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Smart Home Healthcare market based on the below-mentioned segments:
Global Smart Home Healthcare Market, By Product
Medical device alert systems
Smart glucose monitoring system
Smart cardiac monitoring system
Others
Global Smart Home Healthcare market, By Application
Fall prevention and detection
Health status monitoring
Global Smart Home Healthcare Market, By Technology
Wireless
Wired
Global Smart Home Healthcare market, Regional Analysis
Healthcare in a smart home is provided by a system that is aware of its environment and can make quick, informed decisions and take independent action to improve the health of its inhabitants. Opportunities in healthcare are being opened up by health monitoring smart home goods. Smartwatches and other wearable health monitors are currently trending in popularity. The healthcare sector has been propelled forward by constant innovation and R&D efforts. Interoperability, in which devices may talk to one another, is likely to form the basis of future smart home health care solutions in the not-too-distant future. An ecosystem of medical gadgets and sensors, "smart home healthcare" monitors the well-being of its residents in real time. Each member of the household can receive their own unique input from this environment. The widespread availability of the Internet and its accompanying technologies has increased dramatically in recent years.
The COVID-19 pandemic is expected to boost the remote healthcare technology business. A large number of medical facilities worldwide reorganised to increase their hospital capacity for COVID-19 patients. The rapidly increasing number of COVID-19 cases has created the risk for a backlog in non-essential procedures. The lockout impeded the production and distribution of vital healthcare supplies. Limited medical resources, a lack of qualified medical personnel, and an increase in COVID-19-related hospitalisations are further causes of the market's reaction.
The increasing proportion of the population over 65 is a key element propelling the expansion of this market. Because elderly folks have more mobility issues and require more frequent monitoring. The rise in the prevalence of chronic diseases that has accompanied the rise in the prevalence of unhealthy lifestyles is also expected to contribute to the expansion of the smart home healthcare industry. The expanding use of the Internet of Things (IoT) is another factor driving the industry forward. Smart home healthcare market projection share growth is also being addressed by technology development and the increasing need for individualised healthcare in developed countries. However, the potential for improper use of one's personal information is a major restraint on the smart home healthcare business due to worries about data privacy and security.
The worldwide smart home healthcare market faces significant limitations, including a lack of user technical knowledge and hefty installation costs. Smart home healthcare relies on human-computer interaction, therefore familiarity with technology is also helpful for users. In the not-too-distant future, technology is expected to become more user-friendly as complexity decreases. Better healthcare delivery and prevention for humans would result from increased access to human data, which in turn would boost technical and automation capabilities. One possible future for healthcare is for it to be delivered mostly through smart home systems. Although there is a lot of work to be done before the dream of smart home healthcare can become a reality, there is a sizable market for it around the world.
Market researchers have broken down the worldwide smart home healthcare industry by product, technology, application, and geography. Medical device alert systems, smart glucose monitoring systems, smart cardiac monitoring systems, and others are some of the product-based market subdivisions. The two main uses are in monitoring a person's health and detecting falls. Segmentation by technology yields wireless and wired subsets. It is broken down geographically across the Americas, Europe, Asia, and LAMEA (Latin America, the Middle East, and Africa).
Report Coverage
Global Smart Home Healthcare research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Smart Home Healthcare report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Smart Home Healthcare competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Smart Home Healthcare market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Agatsa Software Pvt.Ltd., DexCom, Inc, Mytrex Inc., Sunfox Technologies Pvt Ltd., MariCare Oy, Tunstall Group, Medtronic, VitalConnect., Apollo Global Management, Inc, Connect America, Nureca, F Hoffmann Roche, Bayalarm, Withings, Qure4u, Medical Guardian LLC, Abbott Laboratories, Apple Inc, Companion Medical, General Electric, Health Care Originals, Hocoma, SAMSUNG, Zanthion, Resideo Technologies, Inc., Schneider Electric, Qualcomm Technologies, Inc., BSH Home Appliances Group, Koninklijke Philips N.V, AT&T, Anish Corporation, E & A Engineering Solutions Private Limited, Kul Systems |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Smart Home Healthcare Market from 2021 to 2030.
- Market Forecast for Smart Home Healthcare Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Smart Home Healthcare competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Smart Home Healthcare
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Smart Home Healthcare market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Smart Home Healthcare market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Agatsa Software Pvt.Ltd., DexCom, Inc, Mytrex Inc., Sunfox Technologies Pvt Ltd., MariCare Oy, Tunstall Group, Medtronic, VitalConnect., Apollo Global Management, Inc, Connect America, Nureca, F Hoffmann Roche, Bayalarm, Withings, Qure4u, Medical Guardian LLC, Abbott Laboratories, Apple Inc, Companion Medical, General Electric, Health Care Originals, Hocoma, SAMSUNG, Zanthion, Resideo Technologies, Inc., Schneider Electric, Qualcomm Technologies, Inc., BSH Home Appliances Group, Koninklijke Philips N.V, AT&T, Anish Corporation, E & A Engineering Solutions Private Limited, Kul Systems
Primary Target Market
- Market Players of Smart Home Healthcare
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Smart Home Healthcare market based on the below-mentioned segments:
Global Smart Home Healthcare Market, By Product
Medical device alert systems
Smart glucose monitoring system
Smart cardiac monitoring system
Others
Global Smart Home Healthcare market, By Application
Fall prevention and detection
Health status monitoring
Global Smart Home Healthcare Market, By Technology
Wireless
Wired
Global Smart Home Healthcare market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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