Global Smart Home Healthcare Technology Market, 2013-2018 & Forecast to 2023 - Growing Geriatric Population, Escalating Demand for Personalized Healthcare
DUBLIN, Oct. 22, 2018 /PRNewswire/ --
The "Smart Home Healthcare Market by Technology - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.
Global smart home healthcare market is forecasted to attain a revenue of $30.0 billion by 2023, the market is mainly driven by growing geriatric population, escalating demand for personalized healthcare, increasing demand for mHealth technologies, and surge in demand of advanced smart home healthcare technologies.
On the basis of technology, the smart home healthcare market is categorized into cellular network, wireless communication, and other technologies. Of these, cellular network attained the largest revenue in the market, accounting for 64.2% share in 2017. This leading position of the category is attributed to its easy accessibility by consumers and ease of use.
The products in the smart home healthcare market require either installation and repair or customization and renovation services; installation and repair services held the larger share in the market, accounting for 72.6% in 2017.
Based on application, the smart home healthcare market is categorized into fall prevention and detection, safety and security monitoring, health status monitoring, nutrition/diet monitoring, memory aids, and others. Among these, fall prevention and detection application accounted for the largest share, with 39.0% contribution in 2017 in the global market.
According to World Health Organization(WHO), falls are the second leading cause of accidental or unintentional injury deaths worldwide and people above 65 years of age suffer the greatest number of fatal falls. For example, in the U.S., 20-30% of older people who fall suffer moderate to severe injuries such as bruises, hip fractures, or head trauma. In order to reduce this, people tend to opt for fall prevention and detection devices, globally.
During the forecast period, the smart home healthcare industry is predicted to witness the fastest growth in demand in Asia-Pacific (APAC), at a CAGR of 41.1%, owing to the growing geriatric population and increasing awareness about innovative and advanced applications of smart home-based wireless sensors. Additionally, the increased patient base and increasing life expectancy are likely to increase IT investments in the healthcare industry in the region. Countries like Malaysia, Singapore, Indonesia, Thailand, and India are reframing their healthcare policies and encouraging more start-ups to use disruptive technologies to solve key medical challenges.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Technology
1.3.2 Market Segmentation by Service
1.3.3 Market Segmentation by Application
1.3.4 Market Segmentation by Geography
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Technology
4.1.1.1 Cellular network
4.1.1.2 Wireless communication
4.1.1.3 Others
4.1.2 By Service
4.1.2.1 Installation and repair
4.1.2.2 Customization and renovation
4.1.3 By Application
4.1.3.1 Fall prevention and detection
4.1.3.2 Safety and security monitoring
4.1.3.3 Health status monitoring
4.1.3.4 Nutrition/diet monitoring
4.1.3.5 Memory aids
4.1.3.6 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Increasing popularity of internet of things (IoT) devices in home healthcare
4.2.1.2 Installation of CubeSensors
4.2.2 Drivers
4.2.2.1 Growing demand for advanced smart home healthcare technologies
4.2.2.2 Rising geriatric population
4.2.2.3 Increasing demand for mHealth technologies
4.2.2.4 Increasing demand for personalized healthcare
4.2.2.5 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 Privacy and security issues
4.2.3.2 Lack of awareness about smart home healthcare technologies in developing countries
4.2.3.3 High capital expenditure and maintenance requirement
4.2.3.4 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Increasing adoption of cloud technology in healthcare
4.2.4.2 Emerging economies offer opportunities to IoT healthcare manufacturers
4.3 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Technology
5.2 By Service
5.3 By Application
5.4 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Product Benchmarking of Key Players
Chapter 12. Company Profiles
- Smart Solutions
- Essence
- Schneider Electric SE
- AT&T Inc.
- General Electric Company
- Siemens AG
- Koninklijke Philips N.V.
- Honeywell International Inc.
- Qualcomm Incorporated
- Samsung Electronics Co. Ltd.
- Medical Guardian LLC
For more information about this report visit https://www.researchandmarkets.com/research/nr9j3n/global_smart_home?w=5
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article