The Global Smart Healthcare Products Market was valued at USD 35.55 Billion in 2018 and is estimated to reach USD 69.68 Billion by 202, growing at a CAGR of 10.74 % from 2021 to 2027.
Scope of the market:
The concept of Smart Healthcare has enhanced the hospital and clinic to give proper treatment to the patients and improved the results of diagnosis. The increasing demand of patient monitoring systems and wearable healthcare devices using sensing technology, IoT devices, and big data analytics will further propel the growth of the smart healthcare market.
According to the World Health Organization, about 40 million deaths were due to chronic ailments, i.e., 70% of deaths worldwide in 2017.
Applications of these products include early diagnosis of congestive heart failure, prevention of diabetes, enhanced clinical management, and facilitating timely response to emergencies. These benefits create a positive impact of smart healthcare products, thus, boosting its demand globally.
Telemedicine has become the growing component of the healthcare products in the developed countries, such as the United States whereas 225 networks & 3500 service sites are into growing stages.
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Economic Impact of Covid-19:
The analysis of the Covid-19 recovery trajectory provides an overview of the main strategies that industries are implementing to respond to and recover from the economic crisis. Also, focusing on the post pandemic and pre-pandemic era of the Global Smart Healthcare Products Market through PEST analysis, SWOT, Quantitative and Qualitative analysis, Attractive analysis and DRO’s.
- Johnson & Johnson
- Honeywell Life Care Solutions
- AirStrip Technologies
- Olympus Corporation
- Abbott Laboratories
- GE Healthcare
- Cisco Healthcare
- Samsung Healthcare
- Siemens Healthineers AG
- Cerner Corporation
- McKesson Corporation
- Next Gen Healthcare
- Element Science Inc.
These players are considered in the report on the basis of Company Profile, company overview, strategies, recent developments and trends, financial overview.
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Global Smart Healthcare Products Market Key Benefits:
- The report provides information regarding key drivers, restraints and opportunities with impact analysis.
- Quantitative and Qualitative analysis of the current market.
- Estimations for the forecast period 2027.
- Historical data and forecast data.
- Recent developments and trends in the market.
- Market share of the market players, company profiles, SWOT analysis, and competitive landscape.
Based on Product:
- Smart Syringes
- RFID Systems
- Electronic Health Record
- Smart Pill
Based on End User:
- Home Care Settings
Based on Application:
- Storage and Inventory Management
Based on Region:
- New Zealand
- Rest of Asia-Pacific
- Rest of Europe
Rest of the World
Each of the market segments has been analyzed in detail for market trends, recent trends and developments, drivers, restraints, opportunities, and competitive analysis.
The North America region leads the global smart healthcare market due to the availability of infrastructure.
Asia-Pacific is expected to expand at a significant growth rate. Also, Japan, India, and China are likely to drive the region's market.
Key questions answered by this report.
- Top market players contributing in the revenue?
- Trending strategies by the players?
- Which region will be the leading one in the forecast period?
- Factors that drive the global smart healthcare market?
- What will be the global smart healthcare market growth?
- How Covid-19 pandemic impacted the growth of global smart healthcare market?
- Which Segment accounted for the global smart healthcare market shares?
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