Global Smart Healthcare Products Market is Anticipated to Grow at a CAGR of 12.1% Over the Forecast Period (2017-2025)

According to Goldstein Research, Rapid development and increasing purchasing power has resulted in propagation of smartphones coupled with 3G and 4G networks, which is anticipated to be a critical...

According to Goldstein Research, Rapid development and increasing purchasing power has resulted in propagation of smartphones coupled with 3G and 4G networks, which is anticipated to be a critical success factor for the growth of the global mHealth market and subsequently smart healthcare product. Smart Healthcare Products Market outlook also includes new product developments and capital investment as the key strategies adopted by the major players for significant expansion across the globe. For instance, Big-data analytics has also ushered the uptick in adoption of smart healthcare products, with the data gathered is used to understand patient behavior, as well as to monitor health conditions, specifically among the elderly population.

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Market Segmentation

On the basis of our in-depth analysis, global smart healthcare products market can be segmented as follows:

By Product Type

  • RFID Kanban Systems
  • RFID Smart Cabinets
  • Electronic Health Records
  • Telemedicine
  • mHealth
  • Smart Pills
  • Smart Syringes

By Application

  • Health Data Storage and Exchange
  • Monitoring and Treatment
  • Inventory Management

By End User

  • Hospitals & Clinics
  • Home Care Settings
  • Diagnostics Lab
  • Pharmacy Stores

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

“Global Smart healthcare products Market Outlook 2025” contains a detailed overview of the global smart healthcare products market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by applications, by product type, and by end users.

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Global Smart Healthcare Products Market is driving on the basis of advancement in branches of healthcare mentioned below:

Telemedicine Market

The Telemedicine Market Size is expected to reach USD 56.7 billion by 2024, growing at a CAGR of 17.5% over the forecast period 2016-2024. Major driving factor for the expansion of telemedicine market is built-in EMR integration that provides the patient information to the clinician at the point of care and also to the remote specialist, even when they each use a different EMR during telemedicine consultation.

Digital Healthcare Market

Digital Health Market size was valued over USD 65.23 billion in 2017 and the opportunity in this market is anticipated to rise at a CAGR of 30.0% in the forecast period (2017 to 2025). Nature of the digital health market has high potential but slow uptake. Health insurer Cigna Corp. ponies up USD 250 million to invest in data, analytics and digital healthcare targeting promising startups and growth-stage companies that are unlocking new growth possibilities in healthcare.

mHealth Market

Patients want the more convenient provision of health care, but they also want greater control. For doctors, mHealth can help provide better patient care and ease their administrative headaches, but they are likely to resist the loss of power implicit in greater patient control. The North America mhealth Market was valued at USD 2.87 billion in 2017 and is projected to reach USD 25.71 billion by 2025, at a CAGR of 31.53% during the forecast period from 2017 to 2025.

eHealth Market

Artificial Intelligence in the healthcare market is anticipated to hit USD 6.15 billion by 2020 which tends to save USD 149.67 billion by 2025 for the healthcare industry. Nature of EHealth market has high potential but slow uptake. eHealth Market size was valued over USD 65.23 billion in 2017 and the opportunity in this market is anticipated to rise at a CAGR of 30.0% in the forecast period (2017 to 2025).

Mobile Medical Apps Market

Foremost driving factor for Mobile Medical Apps Market growth is the emergence of smartphone technology which is a promising technology for implementation in remote patient monitoring for several causes such as benefits for medical-device manufacturers including cost savings. Further emergence to telemedicine market is also likely to propel the growth of mobile medical applications market.

Smart Syringes Market

Smart Syringes Market is anticipated to garner USD 10.25 billion by 2024 and expected to reach USD 20 billion by 2030 at a CAGR of 7.5% over the forecast period. The upsurges in needle puncture injuries, a paradigm shift from traditional syringes to smart syringes, increasing cases of cross infections such as HIV, hepatitis B & C, etc rising adoption of safety syringes across the world and growing awareness in emerging economies tend to drive the global smart syringe market.

Smart Medical Devices Market

Smart Medical Devices Market is expected to reach USD 69.1 billion by 2025, expanding at a CAGR of 6.75% over the forecast period, 2017-2025. The growing potential of new care models like healthcare security, remote care and transforming healthcare with IoT to improve security, privacy, interoperability, and analytics for medical devices is likely to spur the growth prospects for this market

 

Further, for the in-depth analysis, Global Smart Healthcare Products Market Analysis encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Abbott, AirStrip Technologies, Agfa-Gevaert, Alcatel-Lucent, Apple, AT&T, AthenaHealth, Epic Systems, Evolent Health, F. Hoffmann-La Roche, Google, Honeywell Life Care Solutions, HP Enterprises Services etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the study represents the global smart healthcare products market past and present trends along with market projection that will help industry professionals, technology suppliers, existing players searching for growth opportunities, new market players probing for opportunities and other investors to positions their market centred strategies according to the evolving and expected trends in the future.

Key queries countered in this global smart healthcare products market report

  • What is the global smart healthcare products market size by 2025 and what would be the expected growth rate of the industry?
  • What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
  • What are the smart healthcare products market trends?
  • What are the factors which are driving this industry?
  • What are the major barriers to smart healthcare products industry growth?
  • Who are the key players in this industry space?
  • What are the industry opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?
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Health And Fitness
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