Global Smart Healthcare Market By Product Type (Smart Syringes, Smart Pills, Smart RFID Cabinets, Electronic Health Care, Telemedicine, Others), Industry Vertical (Health Data Storage and Exchange, Monitoring and Treatment, Inventory Management), End- Users (Hospitals, Home Care Settings, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Analysis: Global Smart Healthcare Market
Global smart healthcare market is expected to rise from its initial estimated value of USD 38692.36 million to an estimated value of USD 81444.45 million by 2026, registering a CAGR of 9.75% in the forecast period of 2019-2026. Rising demand of smart healthcare products at home is the major factor for the growth of this market.
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Key Market Competitors:
Few of the major competitors currently working in the global smart healthcare market are Allscripts, Cerner Corporation, Cisco Systems, GENERAL ELECTRIC COMPANY, IBM Corporation, Logi-Tag Systems, Olympus Corporation, SAMSUNG, Siemens Healthcare Private Limited, BD, AirStrip Technologies, Terumo Corporation, Resideo Technologies, Inc., eClinicalWorks, STANLEY Healthcare, Medtronic.
Market Definition: Global Smart Healthcare Market
Smart healthcare products are that tool that uses advance technology so that they can provide better treatment to the patients and improve the quality of the life. Smart pills, smart syringes, electronic health care etc. are some of the most common type of the smart health care products. They provide accurate data related to the patients and help the clinicians to treat their patients better. Rising chronic diseases like diabetes, cancer, heart diseases etc. are some of the major factor fueling the growth of this market.
Key Developments in the Market:
- In January 2018, Mayoclinic announced that they will be launching telemedicine so that they can do some minimally invasive coronary interventions. This launch will help to improve the access to PCI in medically under-served regions. It will also provide alternative options to the hospitals to transfer for primary PCI in patients with ST-segment elevation myocardial infarction (STEMI)
- In November 2017, U.S. Food Drug Administration announced that they have approved the Abilify MyCite the first sensor with digital ingestion tracking system. It is specially designed for the patients with schizophrenia. This new system can send signals send signals from pill’s sensor to the wearable patch. This technology will be very beneficial for the patients and prescribers
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- Increasing ageing population worldwide is the major factor driving the growth of this market
- Rising cases of chronic diseases among population is another factor driving the growth of this market
- Increasing prevalence of Internet of Things is another factor driving the market growth
- Rising R&D investment on smart healthcare products is another important factor driving market
- High price of the smart healthcare products is restraining the growth of this market
- Lack of skilled and trained professional is another factor restraining the market growth
- High investment cost is restraining the market growth
Segmentation: Global Smart Healthcare Market
By Product Type
- Smart Syringes
- Smart Pills
- Smart RFID Cabinets
- Electronic Health Care
By Industry Vertical
- Health Data Storage and Exchange
- Monitoring and Treatment
- Inventory Management
By End- Users
- Home Care Settings
Reasons to Purchase this Report
- Current and future of global smart healthcare market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
To comprehend Global Smart Healthcare market dynamics in the world mainly, the worldwide Smart Healthcare market is analyzed across major global regions.
- North America: United States, Canada, and Mexico.
- South & Central America: Argentina, Chile, and Brazil.
- Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
- Europe: UK, France, Italy, Germany, Spain, and Russia.
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: Industry Insights
Technological and innovation landscape
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Smart Healthcare Market report effectively provides required features of the global market for the population and for the business looking people for mergers & acquisitions, making investments, new vendors or concerned in searching for the appreciated global market research facilities. It offers sample on the size, offer, and development rate of the market. The Smart Healthcare report provides the complete structure and fundamental overview of the industry market.
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