Smart Home Healthcare Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4312 | Report Format : | Status : Upcoming |

Abstract

Global Smart Home Healthcare Market: Overview

The smart home concept provides varied alternatives in creation of context-aware households that can take smart decisions pertaining to healthcare and offer a quick & automated response to an external situation. Telehealth monitoring, telecare, telemedicine, middleware tools, and home automation tools & systems, and sensors are some of the key features of smart home healthcare.

Global Smart Home Healthcare Market: Growth Factors

With the onset of new technologies and paradigm shift witnessed in the technology, innovative technologies such as IoT, AI, and Big Data Analytics have penetrated home healthcare sector. This, in turn, has changed the very facet and overview of the smart home healthcare industry. Apart from this, the use of connected technologies in integration with e-health and assisted living technology can play a vital role in transforming the healthcare system for the geriatric population, thereby further propelling the business trends. Additionally, industry participants are creating new technologies and smart home healthcare equipment. This will bolster the scope of the business in the coming years. Nonetheless, issues related to health data security of the patient can hinder the expansion of smart home healthcare industry. However, with predictive medicine and predictive analytics becoming a catch phrase along with the phrase “There is no better place than Smart Home” becoming popular, the market is predicted to experience a noteworthy growth along with accumulating huge revenue in the near future.

Global Smart Home Healthcare Market: Segmentation

The smart home healthcare market can be sectored into technology, service, and application. In terms of technology, the smart home healthcare industry is segmented into wired and wireless technology. On the basis of service, the market is divided into renovation &customization and installation& repair. Application wise, the smart home healthcare industry is segregated into memory aids, fall prevention & detection, diet monitoring, and health status monitoring.

Global Smart Home Healthcare Market: Regional Analysis

Region wise, the smart home healthcare market can be divided into five main regions: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. The smart home healthcare industry in North America is slated to witness a commendable surge over the years ahead, subject to the high frequency of chronic ailments due to rapidly altering lifestyles and irregular eating habits. Additionally, the rise in healthcare spending along with the humungous presence of giant players in the countries such as the U.S. and Canada is anticipated to further elevate the regional market earnings in the foreseeable future.

Furthermore, the massive awareness about benefits offered by smart home-based wireless sensors and smart home equipment along with mounting geriatric population base will steer the expansion of Asia Pacific smart home healthcare market during the estimated timeframe.

Europe and Latin American markets have demonstrated huge growth prospects and are predicted to make notable contributions towards the market size in the coming decade.

Global Smart Home Healthcare Market: Competitive Players

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

Global Smart Home Healthcare Market: Regional Segment Analysis

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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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