Smart Home Healthcare Market - Global Industry Analysis

Smart Home Healthcare Market By Technology (Wireless and Wired), By Service (Customization & Renovation and Repair & Installation), and By Application (Health Status Monitoring, Fall Detection & Prevention, Memory Aids, and Diet/Nutrition Monitoring): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Published Date: 03-Oct-2019 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-4312 Status : Published

Global smart home healthcare market expected to generate around USD 36.77 billion by 2025, at a CAGR of around 27.3% between 2019 and 2025. Smart homes are designed to support the home residents in achieving their daily-living activities and having a healthier quality of life. Smart homes also help elderly people to live independently and comfortably.

Description

Smart Home Healthcare Market: Industry Perspective

The report covers a forecast and an analysis of the smart home healthcare market on a global and regional level. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes the drivers and restraints of the smart home healthcare market along with their impact on demand over the forecast period. Additionally, the report includes the study of opportunities available in the smart home healthcare market on a global and regional level.

In order to give the users of this report a comprehensive view of the smart home healthcare market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Smart Home Healthcare Market

The report provides a company market share analysis to give a broader overview of the key players in the smart home healthcare market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research& development, and regional expansion of major participants involved in the smart home healthcare market on a global and regional basis.

The study provides a decisive view of the smart home healthcare market by segmenting it based on technology, service, application, and region. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Some key players in the smart home healthcare market are Companion Medical, Apple, F. Hoffmann-La Roche, Google, General Electric Company, Hocoma, Health Care Originals, Medical Guardian, Proteus Digital Health, Medtronic, Samsung Electronics, and VitalConnect.

This report segments the global smart home healthcare market into:

Global Smart Home Healthcare Market: By Technology

  • Wireless
  • Wired

Global Smart Home Healthcare Market: By Service

  • Customization and Renovation
  • Repair and Installation

Global Smart Home Healthcare Market: By Application

  • Health Status Monitoring
  • Fall Detection and Prevention
  • Memory Aids
  • Diet/Nutrition Monitoring

Global Smart Home Healthcare Market: By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Smart Home Healthcare Market, 2016-2025 (USD Billion)
    • 2.2. Global Smart Home Healthcare Market: Snapshot
  •  
  • Chapter 3. Smart Home Healthcare Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Rapidly growing healthcare spending
      • 3.2.2. Increase in geriatric population
    • 3.3. Market restraints
      • 3.3.1. Patient privacy and security related issues
      • 3.3.2. Lack of required healthcare setup in developing regions
    • 3.4. Opportunities
      • 3.4.1. Constant improvements in the healthcare set-up
      • 3.4.2. Innovation in the field of smart home healthcare equipment
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by Technology
      • 3.6.2. Market attractiveness analysis, by Service
      • 3.6.3. Market attractiveness analysis, by Application
      • 3.6.4. Market attractiveness analysis, by Region
  •  
  • Chapter 4. Global Smart Home Healthcare Market - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global Smart Home Healthcare Market: company market share, 2018
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Technology Launch
      • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.2.4. Research and Development and Regional Expansion
  •  
  • Chapter 5. Global Smart Home Healthcare Market - Technology Analysis
    • 5.1. Global Smart Home Healthcare Market: Technology overview
      • 5.1.1. Global Smart Home Healthcare Market Share, by Technology, 2018 and 2025
    • 5.2. Wireless
      • 5.2.1. Global Smart Home Healthcare Market for Wireless, 2016-2025 (USD Billion)
    • 5.3. Wired
      • 5.3.1. Global Smart Home Healthcare Market for Wired, 2016-2025 (USD Billion)
  •  
  • Chapter 6. Global Smart Home Healthcare Market - Service Analysis
    • 6.1. Global Smart Home Healthcare Market: Service overview
      • 6.1.1. Global Smart Home Healthcare Market Share, by Service, 2018 and 2025
    • 6.2. Customization & Renovation
      • 6.2.1. Global Smart Home Healthcare market for Customization & Renovation, 2016-2025 (USD Billion)
    • 6.3. Repair & Installation
      • 6.3.1. Global Smart Home Healthcare market for Repair & Installation, 2016-2025 (USD Billion)
  •  
  • Chapter 7. Global Smart Home Healthcare Market - Application Analysis
    • 7.1. Global Smart Home Healthcare Market: Application overview
      • 7.1.1. Global Smart Home Healthcare Market Share, by Application, 2018 and 2025
    • 7.2. Health Status Monitoring
      • 7.2.1. Global Smart Home Healthcare market for Health Status Monitoring, 2016-2025 (USD Billion)
    • 7.3. Fall Detection and Prevention
      • 7.3.1. Global Smart Home Healthcare market for Fall Detection and Prevention, 2016-2025 (USD Billion)
    • 7.4. Memory Aids
      • 7.4.1. Global Smart Home Healthcare market for Memory Aids, 2016-2025 (USD Billion)
    • 7.5. Diet or Nutrition Monitoring
      • 7.5.1. Global Smart Home Healthcare market for Diet or Nutrition Monitoring, 2016-2025 (USD Billion)
  •  
  • Chapter 8. Global Smart Home Healthcare Market - Regional Analysis
    • 8.1. Global Smart Home Healthcare Market: Regional overview
      • 8.1.1. Global Smart Home Healthcare Market Share, by region, 2018 and 2025
    • 8.2. North America
      • 8.2.1. North America Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
      • 8.2.2. North America Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
      • 8.2.3. North America Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.2.4. The U.S.
        • 8.2.4.1. The U.S. Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.2.4.2. The U.S. Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.2.4.3. The U.S. Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.2.5. Rest of North America
        • 8.2.5.1. Rest of North America Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.2.5.2. Rest of North America Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.2.5.3. Rest of North America Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
      • 8.3.2. Europe Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
      • 8.3.3. Europe Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.3.4. Germany
        • 8.3.4.1. Germany Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.3.4.2. Germany Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.3.4.3. Germany Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.3.5. UK
        • 8.3.5.1. U.K. Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.3.5.2. U.K. Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.3.5.3. U.K. Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.3.6.2. France Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.3.6.3. France Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.3.7. Rest of Europe
        • 8.3.7.1. Rest of Europe Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.3.7.2. Rest of Europe Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.3.7.3. Rest of Europe Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
      • 8.4.2. Asia Pacific Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
      • 8.4.3. Asia Pacific Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.4.4. China
        • 8.4.4.1. China Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.4.4.2. China Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.4.4.3. China Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.4.5. Japan
        • 8.4.5.1. Japan Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.4.5.2. Japan Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.4.5.3. Japan Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.4.6. India
        • 8.4.6.1. India Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.4.6.2. India Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.4.6.3. India Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.4.7. Rest of Asia Pacific
        • 8.4.7.1. Rest of Asia Pacific Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.4.7.2. Rest of Asia Pacific Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.4.7.3. Rest of Asia Pacific Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
      • 8.5.2. Latin America Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
      • 8.5.3. Latin America Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.5.4.2. Brazil Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.5.4.3. Brazil Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
      • 8.5.5. Rest of Latin America
        • 8.5.5.1. Rest of Latin America Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
        • 8.5.5.2. Rest of Latin America Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
        • 8.5.5.3. Rest of Latin America Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa Smart Home Healthcare Market Revenue, by Technology, 2016-2025 (USD Billion)
      • 8.6.2. The Middle East and Africa Smart Home Healthcare Market Revenue, by Service, 2016-2025 (USD Billion)
      • 8.6.3. The Middle East and Africa Smart Home Healthcare Market Revenue, by Application, 2016-2025 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. Companion Medical
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Drug Technology portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Apple
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Drug Technology portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. F. Hoffmann-La Roche
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Drug Technology portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Google
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Drug Technology portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. General Electric Company
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Drug Technology portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Hocoma
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Drug Technology portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Health Care Originals
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Drug Technology portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Medical Guardian
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Drug Technology portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Proteus Digital Health
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Drug Technology portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Medtronic
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Drug Technology portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Samsung Electronics
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Drug Technology portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments
    • 9.12. VitalConnect
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Drug Technology portfolio
      • 9.12.4. Business strategy
      • 9.12.5. Recent developments

Table Of Figures

List of Figures 

1. Market research process
2. Market research methodology
3. Global Smart Home Healthcare Market Revenue, 2016–2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Smart Home Healthcare Market attractiveness analysis, by Technology
6. Smart Home Healthcare Market attractiveness analysis, by Service
7. Smart Home Healthcare Market attractiveness analysis, by Application
8. Smart Home Healthcare: Market attractiveness analysis, by Region
9. Company market share analysis, 2018
10. Global Smart Home Healthcare Market revenue share by Technology, 2018 and 2025
11. Global Smart Home Healthcare Market for Wireless, 2016–2025 (USD Billion)
12. Global Smart Home Healthcare Market for Wired, 2016–2025 (USD Billion)
13. Global Smart Home Healthcare Market by Service, 2018 and 2025
14. Global Smart Home Healthcare Market for Customization & Renovation, 2016–2025 (USD Billion)
15. Global Smart Home Healthcare Market for Repair & Installation, 2016–2025 (USD Billion)
16. Global Smart Home Healthcare Market by Application, 2018 and 2025
17. Global Smart Home Healthcare Market for Health Status Monitoring, 2016–2025 (USD Billion)
18. Global Smart Home Healthcare Market for Fall Detection and Prevention, 2016–2025 (USD Billion)
19. Global Smart Home Healthcare market for Memory Aids, 2016–2025 (USD Billion)
20. Global Smart Home Healthcare market for Diet/Nutrition Monitoring, 2016–2025 (USD Billion)
21. Global Smart Home Healthcare Market by Region, 2018 and 2025
22. North America Smart Home Healthcare Market, 2016–2025 (USD Billion)
23. Europe Smart Home Healthcare Market, 2016–2025 (USD Billion)
24. Asia Pacific Smart Home Healthcare Market, 2016–2025 (USD Billion)
25. Latin America Smart Home Healthcare Market, 2016–2025 (USD Billion)
26. The Middle East and Africa Smart Home Healthcare Market, 2016–2025 (USD Billion)


Table Of Tables

List of Tables

1. Smart Home Healthcare Market: Market snapshot                                                                                                                      
2. Drivers of the global Smart Home Healthcare Market: Impact analysis
3. Restraints of the global Smart Home Healthcare Market: Impact analysis
4. North America Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
5. North America Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
6. North America Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
7. The U.S. Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
8. The U.S. Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
9. The U.S. Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
10. Rest of North America Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
11. Rest of North America Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
12. Rest of North America Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
13. Europe Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
14. Europe Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
15. Europe Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
16. Germany Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
17. Germany Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
18. Germany Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
19. U.K. Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
20. U.K. Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
21. U.K. Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
22. France Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
23. France Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
24. France Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
25. Rest of Europe Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
26. Rest of Europe Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
27. Rest of Europe Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
28. Asia Pacific Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
29. Asia Pacific Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
30. Asia Pacific Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
31. China Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
32. China Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
33. China Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
34. Japan Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
35. Japan Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
36. Japan Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
37. India Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
38. India Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
39. India Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
40. Rest of Asia Pacific Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
41. Rest of Asia Pacific Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
42. Rest of Asia Pacific Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
43. Latin America Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
44. Latin America Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
45. Latin America Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
46. Brazil Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
47. Brazil Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
48. Brazil Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
49. Rest of Latin America Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
50. Rest of Latin America Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
51. Rest of Latin America Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)
52. The Middle East and Africa Smart Home Healthcare Market Revenue, by Technology, 2016–2025 (USD Billion)
53. The Middle East and Africa Smart Home Healthcare Market Revenue, by Service, 2016–2025 (USD Billion)
54. The Middle East and Africa Smart Home Healthcare Market Revenue, by Application, 2016–2025 (USD Billion)

Methodology

Free Analysis

Smart homes are designed to support the home residents in achieving their daily-living activities and having a healthier quality of life. Smart homes also help elderly people to live independently and comfortably. The most important feature of a smart home must be the fulfillment of a user’s needs. The amalgamation of healthcare within smart homes is on the rise. Smart home healthcare has application in health status monitoring, fall detection and prevention, memory aids, and diet or nutrition monitoring.

The rapidly growing healthcare spending, increasing geriatric population, escalating demand for tailored healthcare, rising demand for mobile health (mHealth) and IoT-based technologies, accelerating launch of smart home healthcare technologies, growing use of connected technologies in integration with assisted living and e-health technology, and rising availability of high-speed internet are major driving factors of the global smart home healthcare market. Constant improvements in the healthcare set-up, innovation in the field of smart home healthcare equipment, and support offered by governments will generate new growth opportunities in the smart home healthcare market. However, patient privacy, security-related issues, and lack of required healthcare set-up in developing regions may restrict the global smart home healthcare market.

Global Smart Home Healthcare Market

The smart home healthcare market is split based on technology, service, and application. Based on technology, the smart home healthcare market includes wireless and wired. The wireless segment is expected to dominate the technology segment, with over 58% share, in the future, owing to the rising focus on the development of wireless technology that is compact and portable. The service segment includes customization and renovation and repair and installation. By application, the market comprises fall detection and prevention, health status monitoring, diet/nutrition monitoring, and memory aids.

North America will lead the smart home healthcare market over the forecast time period. North America accounted for over 41% of the global market in 2018, due to the rising incidences of different chronic diseases, high healthcare expenditure, presence of latest healthcare facilities, and early use of latest healthcare technologies. Europe will be the second major market for smart home healthcare, due to the high in research and development investments made by top companies, growing geriatric population, increasing prevalence of chronic ailments, and encouraging reimbursement scenario. The Asia Pacific region will grow rapidly over the forecast period, owing to the growing interest in smart home healthcare, rising chronic diseases incidences, huge patient pool, and initiatives taken by the government to provide internet connectivity.

Some key players of the smart home healthcare market are Companion Medical, Apple, F. Hoffmann-La Roche, Google, General Electric Company, Hocoma, Health Care Originals, Medical Guardian, Proteus Digital Health, Medtronic, Samsung Electronics, and VitalConnect.

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