Smart Healthcare

Smart Healthcare Market by Function (Health Data Storage & Exchange, Inventory Management, Monitoring & Treatment), Product (Electronic Health Record, mHealth, Smart Pills), End-User, Industry - Global Forecast 2024-2030

SKU
MRR-430D3EB720BF
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 210.12 billion
2030
USD 469.04 billion
2024
USD 235.46 billion
CAGR
12.15%
360iResearch Analyst
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[185 Pages Report] The Smart Healthcare Market size was estimated at USD 210.12 billion in 2023 and expected to reach USD 235.46 billion in 2024, at a CAGR 12.15% to reach USD 469.04 billion by 2030.

Smart Healthcare Market
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The smart healthcare industry is at the forefront of integrating advanced information and communication technologies into the healthcare sector. It encompasses electronic health records (EHRs), smart medical devices, telehealth, and other innovative care methods designed to enhance clinical efficiency and focus on patient-centered care. These technologies cater to the increasing demand for sophisticated health management and the need for continuous monitoring, particularly due to an aging population and the rise in chronic diseases. Smart healthcare applications span across hospitals, clinics, and home settings. Hospitals use smart healthcare technology to manage patient data effectively, reduce costs, and upgrade the quality of care with tools such as smart beds and wearable devices. The sector's growth is driven by factors such as the wider acceptance of EHRs and mHealth apps, breakthroughs in IoT and wearable tech, supportive government policies for healthcare IT, the integration of AI and analytics for enhanced diagnostics and tailored treatments, and the demand for cost-effective healthcare delivery systems in light of soaring expenses. Opportunities in smart healthcare are burgeoning, with the post-pandemic expansion of telehealth services, blockchain for secure health data management, AI-enhanced diagnostics, smart implants, and prosthetics, and the influx of capital into health tech startups introducing novel solutions. However, the market encounters challenges such as cyber-security threats, interoperability issues among IT systems and medical devices, substantial initial investment costs, inconsistent regulations, conventional healthcare's resistance to technological shifts, and a deficit of experts skilled at the healthcare-technology nexus. Future business growth in smart healthcare requires a focus on innovation and research, particularly in improving healthcare application interfaces for better usability, advancing AI for accurate diagnostics, promoting interoperability standards, researching new materials for wearable tech, developing VR and AR for patient care, studying the technology's socio-economic impact, and fostering collaborations between tech companies and healthcare to tailor solutions that efficiently bridge gaps in care delivery.
Smart Healthcare Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Smart Healthcare Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Smart Healthcare Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Smart Healthcare Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Allscripts, LLC, Apple Inc., AT&T Inc., Becton, Dickinson & Company, Cerner Corporation, Cisco Systems, Inc., GE Healthcare, Honeywell International, Inc., International Business Machines Corporation, Koninklijke Philips N.V., McKesson Corporation, Medtronic PLC, Olympus Corporation, and Resideo Technologies, Inc..

Market Segmentation & Coverage

This research report categorizes the Smart Healthcare Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Function
    • Health Data Storage & Exchange
    • Inventory Management
    • Monitoring & Treatment
  • Product
    • Electronic Health Record
    • mHealth
    • Smart Pills
    • Smart RFID Cabinets
    • Smart Syringes
  • End-User
    • Healthcare Patients
    • Healthcare Payers
    • Healthcare Providers
  • Industry
    • Home Care Settings
    • Hospitals & Care Providers
    • Pharmaceutical & Biotechnology Companies

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Smart Healthcare Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Smart Healthcare Market?
  3. What are the technology trends and regulatory frameworks in the Smart Healthcare Market?
  4. What is the market share of the leading vendors in the Smart Healthcare Market?
  5. Which modes and strategic moves are suitable for entering the Smart Healthcare Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Smart Healthcare Market, by Function
  7. Smart Healthcare Market, by Product
  8. Smart Healthcare Market, by End-User
  9. Smart Healthcare Market, by Industry
  10. Americas Smart Healthcare Market
  11. Asia-Pacific Smart Healthcare Market
  12. Europe, Middle East & Africa Smart Healthcare Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 380]
  17. List of Companies Mentioned [Total: 15]
Frequently Asked Questions
  1. How big is the Smart Healthcare Market?
    Ans. The Global Smart Healthcare Market size was estimated at USD 210.12 billion in 2023 and expected to reach USD 235.46 billion in 2024.
  2. What is the Smart Healthcare Market growth?
    Ans. The Global Smart Healthcare Market to grow USD 469.04 billion by 2030, at a CAGR of 12.15%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
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