Smart Healthcare Market to grow at a CAGR of 8.46% from 2021 to 2026|Abbott Laboratories, Alphabet Inc., Altera Digital Health Inc, and more to emerge as key players -Technavio

NEW YORK, July 17, 2023 /PRNewswire/ -- The smart health market size is estimated to grow by USD 96.25 billion from 2021 to 2026. The market is estimated to accelerate at a CAGR of 8.46%, according to Technavio.The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including Abbott Laboratories, Alphabet Inc., Altera Digital Health Inc, Apple Inc., AT and T Inc., Athenahealth Inc., Cisco Systems Inc., F. Hoffmann La Roche Ltd., General Electric Co., Hewlett Packard Enterprise Co., Honeywell International Inc., International Business Machines Corp., Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Microsoft Corp., Olympus Corp., Oracle Corp., Samsung Electronics Co. Ltd, and Zebra Technologies Corp. and among others. Download a Sample Report Now!

Smart Healthcare Market  Insights -

• Vendors: 15+, Including Abbott Laboratories, Alphabet Inc., Altera Digital Health Inc, Apple Inc., AT and T Inc., Athenahealth Inc., Cisco Systems Inc., F. Hoffmann La Roche Ltd., General Electric Co., Hewlett Packard Enterprise Co., Honeywell International Inc., International Business Machines Corp., Johnson and Johnson, Koninklijke Philips NV, Medtronic Plc, Microsoft Corp., Olympus Corp., Oracle Corp., Samsung Electronics Co. Ltd, and Zebra Technologies Corp. and among others.
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Solution (telemedicine, MHealth, EHR, smart pills, and others), Geography (North America, Europe, Asia, and Rest of World (ROW))

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Major Drivers - The rising demand for health monitoring drives the smart healthcare market during the forecast period.

Significant Trends -The increasing application of IoT in healthcare is an emerging trend in the smart healthcare market. 

Key challenges - The high cost associated with smart healthcare can pose a significant challenge that can hinder the smart healthcare market during the forecast period. The high costs associated with smart healthcare will have a significant impact on end-users and result in a decline in the adoption and implementation of new technologies to enhance healthcare services. Furthermore, it can impact the overall efficiency of healthcare industry players. Factors such as the level of integration, the degree of data accuracy required, and the functionalities needed influence the time taken for EHR implementation. Additionally, the smooth functioning of EHR requires a high level of integration which will increase the cost further. Hence, such factors are expected to hinder the smart healthcare market growth during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report

The smart healthcare market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Smart Healthcare Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the smart healthcare market between 2022 and 2026
• Precise estimation of the smart healthcare market size and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the smart healthcare market across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of smart healthcare market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Solution
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Solution

• 5.1 Market segments
• Exhibit 24: Chart on Solution - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Solution - Market share 2021-2026 (%)

• 5.2 Comparison by Solution 
• Exhibit 26: Chart on Comparison by Solution
• Exhibit 27: Data Table on Comparison by Solution

• 5.3 Telemedicine - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Telemedicine - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Telemedicine - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Telemedicine - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Telemedicine - Year-over-year growth 2021-2026 (%)

• 5.4 mHealth - Market size and forecast 2021-2026 
• Exhibit 32: Chart on mHealth - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on mHealth - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on mHealth - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on mHealth - Year-over-year growth 2021-2026 (%)

• 5.5 EHR - Market size and forecast 2021-2026 
• Exhibit 36: Chart on EHR - Market size and forecast 2021-2026 ($ billion)
• Exhibit 37: Data Table on EHR - Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Chart on EHR - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on EHR - Year-over-year growth 2021-2026 (%)

• 5.6 Smart pills - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Smart pills - Market size and forecast 2021-2026 ($ billion)
• Exhibit 41: Data Table on Smart pills - Market size and forecast 2021-2026 ($ billion)
• Exhibit 42: Chart on Smart pills - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Smart pills - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026 
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Solution 
• Exhibit 48: Market opportunity by Solution ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Asia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on Asia - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026 
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 Germany - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.9 France - Market size and forecast 2021-2026 
• Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026 
• Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026 
• Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 Abbott Laboratories
• Exhibit 97: Abbott Laboratories - Overview
• Exhibit 98: Abbott Laboratories - Business segments
• Exhibit 99: Abbott Laboratories - Key news
• Exhibit 100: Abbott Laboratories - Key offerings
• Exhibit 101: Abbott Laboratories - Segment focus

• 10.4 Alphabet Inc.
• Exhibit 102: Alphabet Inc. - Overview
• Exhibit 103: Alphabet Inc. - Business segments
• Exhibit 104: Alphabet Inc. - Key news
• Exhibit 105: Alphabet Inc. - Key offerings
• Exhibit 106: Alphabet Inc. - Segment focus

• 10.5 Altera Digital Health Inc 
• Exhibit 107: Altera Digital Health Inc - Overview
• Exhibit 108: Altera Digital Health Inc - Product / Service
• Exhibit 109: Altera Digital Health Inc - Key offerings

• 10.6 Cisco Systems Inc.
• Exhibit 110: Cisco Systems Inc. - Overview
• Exhibit 111: Cisco Systems Inc. - Business segments
• Exhibit 112: Cisco Systems Inc. - Key news
• Exhibit 113: Cisco Systems Inc. - Key offerings
• Exhibit 114: Cisco Systems Inc. - Segment focus

• 10.7 General Electric Co.
• Exhibit 115: General Electric Co. - Overview
• Exhibit 116: General Electric Co. - Business segments
• Exhibit 117: General Electric Co. - Key news
• Exhibit 118: General Electric Co. - Key offerings
• Exhibit 119: General Electric Co. - Segment focus

• 10.8 Hewlett Packard Enterprise Co. 
• Exhibit 120: Hewlett Packard Enterprise Co. - Overview
• Exhibit 121: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 122: Hewlett Packard Enterprise Co. - Key news
• Exhibit 123: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 124: Hewlett Packard Enterprise Co. - Segment focus

• 10.9 International Business Machines Corp. 
• Exhibit 125: International Business Machines Corp. - Overview
• Exhibit 126: International Business Machines Corp. - Business segments
• Exhibit 127: International Business Machines Corp. - Key offerings
• Exhibit 128: International Business Machines Corp. - Segment focus

• 10.10 Koninklijke Philips NV 
• Exhibit 129: Koninklijke Philips NV - Overview
• Exhibit 130: Koninklijke Philips NV - Business segments
• Exhibit 131: Koninklijke Philips NV - Key news
• Exhibit 132: Koninklijke Philips NV - Key offerings
• Exhibit 133: Koninklijke Philips NV - Segment focus

• 10.11 Microsoft Corp.
• Exhibit 134: Microsoft Corp. - Overview
• Exhibit 135: Microsoft Corp. - Business segments
• Exhibit 136: Microsoft Corp. - Key news
• Exhibit 137: Microsoft Corp. - Key offerings
• Exhibit 138: Microsoft Corp. - Segment focus

• 10.12 Samsung Electronics Co. Ltd 
• Exhibit 139: Samsung Electronics Co. Ltd - Overview
• Exhibit 140: Samsung Electronics Co. Ltd - Business segments
• Exhibit 141: Samsung Electronics Co. Ltd - Key news
• Exhibit 142: Samsung Electronics Co. Ltd - Key offerings
• Exhibit 143: Samsung Electronics Co. Ltd - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 144: Inclusions checklist
• Exhibit 145: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 146: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 147: Research methodology
• Exhibit 148: Validation techniques employed for market sizing
• Exhibit 149: Information sources

• 11.5 List of abbreviations 
• Exhibit 150: List of abbreviations

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