Smart Healthcare Market Size, Share, Sales, Analysis, Forecast By Product Type (Telemedicine, Electronic Health Records, M-Health, Smart Pills And Syringes, Smart RFID Cabinets and Others), By Application (Storage And Inventory Management, Monitoring, Treatment and Others), By End User (Hospitals, Home Care Settings and Others), Industry Competition & Player Profiles, 2023 - 2032
The Global Smart Healthcare Market size stood at US$ 141 billion in 2019 and is expected to grow at 14.5% through 2030. Smart Healthcare is technology integrated diagnostic tool used for treating patients and improving the quality of life using e-health, m-health and ambient assisted living services.
Rising government initiatives for the digitization of healthcare infrastructure are driving the growth of the smart healthcare market. Increasing the usage of smartphones and other digital platforms are supporting the adoption of smart healthcare solutions. The introduction of the internet of things has enabled hospitals to improve the caretaking facilities while reducing the operational costs.
Integration of IoT aid doctors to automate the workflow that includes image visualization, streamlining of healthcare delivery systems, healthcare asset tracking, patient flow analysis, and many more. Rising demand for miniature electronic devices to obtain real-time information is propelling the market demand for smart healthcare products. These miniature electronic devices are termed as smart pills that perform highly advanced functions such as sensing, imaging, and drug delivery. These pills are used for vital sign monitoring of core body temperature, pH, and internal pressures.
The government authorities are launching various initiatives to promote the digital transformation of the healthcare sector. For instance, the Indian government has launched e-health India under e-Gov initiatives to digitize the healthcare sector. This has intensified the competition in the market and is expected to contribute towards the growth of the global smart healthcare market during the forecast period.
Asia Pacific contributed a dominating share to the global Smart Healthcare market in terms of revenue and volume in 2019 and is expected to be dominating geography throughout the forecast period. Countries such as Japan, China, and India are expected to grow at a rapid pace. Increasing health awareness among the young population coupled with the rising penetration of smartphones is fueling the smart healthcare market.
Hospitals and healthcare management are using smart healthcare devices such as telemedicine, e-health solutions, assisted robots for surgery and diagnostics, etc. driving the smart healthcare market demand. North America is the largest consumer of smart healthcare devices. This region has the presence of key market players and has advanced innovative centers to carry out R&D activities. A large number of entrepreneurs are coming up with innovative ideas for the enhancement of the existing products. These factors are driving the smart healthcare market across North America.
Smart Healthcare Market Share Analysis, by Geography (2022)
The report titled “Smart Healthcare Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Smart Healthcare market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global smart healthcare market is segmented on the basis of product type, application, end user and geography. Based on product type, the global smart healthcare market is segmented into telemedicine, electronic health records, m-health, smart pills and syringes, smart RFID cabinets and others. Based on application, the global smart healthcare market is segmented into storage and inventory management, monitoring, treatment and others. Based on end user, the global smart healthcare market is segmented into hospitals, home care settings and others. Based on geography, the global smart healthcare market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Indonesia, Australia, South Korea, Taiwan, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on smart healthcare. Further, market share of prominent companies in the global smart healthcare market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the smart healthcare companies. The global smart healthcare market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the smart healthcare business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Smart Healthcare market.
Major players active in the global smart healthcare market include Allscripts, Cisco Systems, Cerner Corporation, IBM Corporation, Logi-Tag Systems, Terumo Corporation, Olympus Corporation, GENERAL ELECTRIC COMPANY, SAMSUNG, Medtronic, Siemens Healthcare Private Limited, BD, AirStrip Technologies, Resideo Technologies, Inc., eClinicalWorks, STANLEY Healthcare.
By Product Type:
- Telemedicine
- Electronic health records
- m-health
- Smart pills and syringes
- Smart RFID cabinets
- Others
By Application:
- Storage and inventory management
- Monitoring
- Treatment
- Others
By End User:
- Hospitals
- Home care settings
- Others
By Geography :
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Smart Healthcare Market
- Global Smart Healthcare Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Smart Healthcare Market Analysis and Forecast, by Solution
- Overview and definitions
- Key segment analysis
- Global Smart Healthcare Market Estimates (US$ Mn), by Solution, 2019 – 2032
- Electronic Health Record (EHR)
- Telemedicine
- mHealth
- Smart pills
- Smart syringes
- RFID smart cabinets
- Others
- Global Smart Healthcare Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Smart Healthcare Market Estimates (US$ Mn), Application, 2019 – 2032
- Storage & inventory management
- Monitoring
- Treatment
- Others
- Global Smart Healthcare Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Smart Healthcare Market Estimates (US$ Mn), End Use, 2019 – 2032
- Hospitals
- Home healthcare settings
- Others
- Global Smart Healthcare Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Smart Healthcare Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Smart Healthcare Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Smart Healthcare Market Estimates (US$ Mn), by Solution, 2019 – 2032
- Electronic Health Record (EHR)
- Telemedicine
- mHealth
- Smart pills
- Smart syringes
- RFID smart cabinets
- Others
- North America Smart Healthcare Market Estimates (US$ Mn), Application, 2019 – 2032
- Storage & inventory management
- Monitoring
- Treatment
- Others
- North America Smart Healthcare Market Estimates (US$ Mn), End Use, 2019 – 2032
- Hospitals
- Home healthcare settings
- Others
- North America Smart Healthcare Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Smart Healthcare Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Smart Healthcare Market Estimates (US$ Mn), by Solution, 2019 – 2032
- Electronic Health Record (EHR)
- Telemedicine
- mHealth
- Smart pills
- Smart syringes
- RFID smart cabinets
- Others
- Europe Smart Healthcare Market Estimates (US$ Mn), Application, 2019 – 2032
- Storage & inventory management
- Monitoring
- Treatment
- Others
- Europe Smart Healthcare Market Estimates (US$ Mn), End Use, 2019 – 2032
- Hospitals
- Home healthcare settings
- Others
- Europe Smart Healthcare Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Smart Healthcare Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Smart Healthcare Market Estimates (US$ Mn), by Solution, 2019 – 2032
- Electronic Health Record (EHR)
- Telemedicine
- mHealth
- Smart pills
- Smart syringes
- RFID smart cabinets
- Others
- Asia Pacific Smart Healthcare Market Estimates (US$ Mn), Application, 2019 – 2032
- Storage & inventory management
- Monitoring
- Treatment
- Others
- Asia Pacific Smart Healthcare Market Estimates (US$ Mn), End Use, 2019 – 2032
- Hospitals
- Home healthcare settings
- Others
- Asia Pacific Smart Healthcare Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Smart Healthcare Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Smart Healthcare Market Estimates (US$ Mn), by Solution, 2019 – 2032
- Electronic Health Record (EHR)
- Telemedicine
- mHealth
- Smart pills
- Smart syringes
- RFID smart cabinets
- Others
- Middle East & Africa Smart Healthcare Market Estimates (US$ Mn), Application, 2019 – 2032
- Storage & inventory management
- Monitoring
- Treatment
- Others
- Middle East & Africa Smart Healthcare Market Estimates (US$ Mn), End Use, 2019 – 2032
- Hospitals
- Home healthcare settings
- Others
- Middle East & Africa Smart Healthcare Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East
- South America Smart Healthcare Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Smart Healthcare Market Estimates (US$ Mn), by Solution, 2019 – 2032
- Electronic Health Record (EHR)
- Telemedicine
- mHealth
- Smart pills
- Smart syringes
- RFID smart cabinets
- Others
- South America Smart Healthcare Market Estimates (US$ Mn), Application, 2019 – 2032
- Storage & inventory management
- Monitoring
- Treatment
- Others
- South America Smart Healthcare Market Estimates (US$ Mn), End Use, 2019 – 2032
- Hospitals
- Home healthcare settings
- Others
- South America Smart Healthcare Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Smart Healthcare Market
- Market Composition
- Market Positioning Analysis (%), by Manufacturer (2022)
- Company Profiles
- Abbott Laboratories
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Alphabet Inc.
- Allscripts Healthcare Solutions Inc.
- Cisco Systems Inc.
- General Electric Co.
- Hewlett Packard Enterprise Co.
- IBM Corporation
- Nuance Communications
- Siemens Medical Solutions
- McKesson Corporation
- Chiron Health
- Microsoft Corporation
- Abbott Laboratories
- Conclusion & Recommendations
Frequently asked questions about this report
How big is smart healthcare Market?
Smart healthcare market size was worth more than USD 141 billion in 2019 and is anticipated to exhibit 14.5% CAGR through 2030.
Which region has largest share in Smart Healthcare Market?
Asia Pacific is the largest share in global Smart Healthcare Market.
What are the factors driving the Smart Healthcare Market?
The major driving factor for this industry is the large number of entrepreneurs are coming up with innovative ideas for the enhancement of the existing products.
Who are the key players in Smart Healthcare market?
Some key players operating in the Smart Healthcare market include Allscripts, Cisco Systems, Cerner Corporation, IBM Corporation, Logi-Tag Systems, Terumo Corporation, Olympus Corporation, GENERAL ELECTRIC COMPANY, SAMSUNG, Medtronic, Siemens Healthcare Private Limited, BD, AirStrip Technologies, Resideo Technologies, Inc., eClinicalWorks, STANLEY Healthcare.
What are the major applications for Smart Healthcare ?
The major applications of Smart Healthcare include Storage and inventory management, Monitoring, Treatment and Others.
How can I get a sample report for the Smart Healthcare market?
The sample report for the Smart Healthcare Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.