Smart Healthcare Market to grow by USD 115.39 billion from 2022-2027; North America to account for 43% of market growth - Technavio

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Sep 11, 2023, 03:15 ET

NEW YORK, Sept. 11, 2023 /PRNewswire/ -- The smart healthcare market size is expected to grow by USD 115.39 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 9.26% during the forecast period, according to Technavio Research. The market is segmented by Distribution channels (Offline and Online), Solutions (Telemedicine, mHealth, EHR, Smart pills, and Others), and Geography (North America, Europe, Asia, and Rest of World (ROW)). 43% of the global market's growth will originate from North America during the forecast period. The US is one of the key markets for smart healthcare in North America. Market growth in this region will be slower than the growth of the market in the other regions. The growing awareness, expanding mobile coverage, and rising chronic diseases will facilitate the smart healthcare market growth in North America over the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read PDF Sample Report

Technavio has announced its latest market research report titled Global Smart Healthcare Market 2023-2027

Company Profile:

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 Services Inc., Koninklijke Philips N.V., Medtronic Plc, Microsoft Corp., Olympus Corp., Samsung Electronics Co. Ltd., Zebra Technologies Corp., Oracle Corp.

Alphabet Inc. - The company offers Google Cloud for healthcare and life sciences.

To gain access to more vendor profiles available with Technavio, buy the report!

Smart Healthcare Market: Segmentation Analysis

By Segment - The telemedicine segment will be significant during the forecast period. Telemedicine services have proven to be extremely beneficial during the COVID-19 outbreak, by reducing the exposure of healthcare staff to infected persons Such instances are driving the adoption of telemedicine globally. However, given the advent of mHealth services, this service will likely lose ground in the global smart healthcare market. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio

Smart Healthcare Market: Driver & Trend:

Growing demand for remote health monitoring
Increasing adoption of wearables
Increasing focus on patient engagement

Growing focus on patient engagement drives the smart healthcare market. Patient engagement is the interaction between patients and healthcare professionals. This becomes more relevant now as it is critical for improving healthcare results, improving patient care, and attaining lower costs through the regular interaction between healthcare providers and patients and keeping patients engaged in care management. Thus, the integration and utilization of high-end technology platforms help in patient engagement by expanding patient access to care at any time and place. Hence, such factors drive the growth of the smart healthcare market during the forecast period.

Strategic alliances among market vendors are a key trend in the smart healthcare market. Identify key trends, drivers, and challenges in the market. Download sample to gain access to this information.

Related Reports:

The RTLS in healthcare market size is estimated to grow at a CAGR of 23.28% between 2022 and 2027. The market size is forecast to increase by USD 3,273.72 million. This RTLS in healthcare market report extensively covers market segmentation by technology (RFID, WiFi, UWB, BLE, and others), component (hardware, software, and services), and geography (North America, Europe, Asia, and Rest of World (ROW)). One of the key factors driving the Real Time Location Systems (RTLS) for Healthcare market growth is the need for improved patient safety.

The global healthcare information software market size is estimated to grow by USD 7,279.27 million at a CAGR of 4.98% between 2022 and 2027. Technavio has segmented the market into Application, Deployment, and Geography. The rising prevalence of chronic diseases is the key driver for the growth of the market.

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 2027.
Precise estimation of the smart healthcare market size and its contribution to the market in 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 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.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Distribution Channel

Market Segmentation by Solution

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio