Worldwide Smart Home Healthcare Industry to 2029: Expansion of the Ideas of Smart Living and Smart Cities is Driving Growth

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Nov 08, 2022, 06:45 ET

DUBLIN, Nov. 8, 2022 /PRNewswire/ -- The "Smart Home Healthcare Market Analysis by Offering, by Technology, by Application and by Region - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The increasing market demand for smart homes and living technologies will be shaped during the upcoming years by the expansion of the ideas of smart living and smart cities, vertical and horizontal farming techniques used in indoor urban farming are anticipated to gain popularity, and healthcare providers prefer to create their own solutions, industry alliances may enable them to create therapeutic ecosystems that give value at various stages of treatments.

These are some of the primary market drivers. However, Patient health security and privacy concerns are expected to restrain the market growth.

By Offering

Based on offering, the market is segmented into installation and repair, renovation and customization, services, and solutions. In 2021, the installation and repair segment is expected to be the largest segment owing to an increase in the number of advanced technological smart home healthcare equipment will drive up demand for qualified personnel to perform effective installations and repairs.

By Technology

On the basis of technology, the market is bifurcated into wired system and wireless system. In 2021, the wireless system segment is expected to be the largest segment due to the rising industrial focus on the creation of technologically advanced devices, and increasing usage of mobile gadgets that link to tablets, smartphones, and other portable telecommunication and computing devices through bluetooth.

By Application

Based on application, the market is segmented into health status monitoring, memory aids, nutrition/diet monitoring, fall detection and prevention, safety and security monitoring, and other applications. In 2021, the fall detection and prevention segment are expected to be the largest segment owing to the rising number of occurrences of accidents and injuries worldwide, and the increasing acceptance of automatic fall detection equipment.

Regional Markets

In 2021, North America had the greatest share of the market due to the increasing frequency of chronic illnesses as a consequence of lifestyle changes and poor eating habits are the primary driver of demand for smart home devices. The cost of healthcare is rising, and big industry participants are firmly established in North America. However, the Asia-Pacific region is predicted to grow at the fastest rate during the projection period owing to increasing IT expenditures in the healthcare sector, the region's vast patient pool and increasing public awareness of cutting-edge wireless smart home technologies.

Competitor Insights

Some of the key players operating in the smart home healthcare market are Apple Inc. (US) , Companion Medical (US) , F. Hoffmann-La Roche AG (Switzerland) , General Electric Company (US) , Google LLC (US) , Health Care Originals (US) , Hocoma (Switzerland) , Medical Guardian, LLC (US) , Medtronic (Ireland) , Proteus Digital Health (US) , Samsung Electronics Co. Ltd (South Korea) , VitalConnect (US) , and Zanthion (US).

Key Topics Covered:

1. Research Methodology

2. Introduction: Smart Home Healthcare

3. Executive Summary

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraint
4.3. Market Opportunities
4.4. Market Trends
4.5. Market Challenges

5. Market Environment Analysis
5.1. Porter's 5 Forces Analysis
5.2. PESTEL Analysis
5.3. Value Chain Analysis
5.4. SWOT Analysis
5.5. Benchmark

6. COVID-19 Impact Analysis: Smart Home Healthcare Market
6.1. COVID-19: Overview
6.2. COVID-19 Impact on the Global Market
6.3. COVID-19 Impact on the Regional Markets

7. Market Analysis by Offering
7.1. Installation and Repair
7.1.1. Installation and Repair Market Forecast, 2021-2029 (USD Million)
7.2. Renovation and Customization
7.2.1. Renovation and Customization Market Forecast, 2021-2029 (USD Million)
7.3. Services
7.3.1. Services Market Forecast, 2021-2029 (USD Million)
7.4. Solutions
7.4.1. Solutions Market Forecast, 2021-2029 (USD Million)

8. Market Analysis by Technology
8.1. Wired System
8.1.1. Wired System Market Forecast, 2021-2029 (USD Million)
8.2. Wireless System
8.2.1. Wireless System Market Forecast, 2021-2029 (USD Million)

9. Market Analysis by Application
9.1. Health Status Monitoring
9.1.1. Health Status Monitoring Market Forecast, 2021-2029 (USD Million)
9.2. Memory Aids
9.2.1. Memory Aids Market Forecast, 2021-2029 (USD Million)
9.3. Nutrition/Diet Monitoring
9.3.1. Nutrition/Diet Monitoring Market Forecast, 2021-2029 (USD Million)
9.4. Fall Detection and Prevention
9.4.1. Fall Detection and Prevention Market Forecast, 2021-2029 (USD Million)
9.5. Safety and Security Monitoring
9.5.1. Safety and Security Monitoring Market Forecast, 2021-2029 (USD Million)
9.6. Other Applications
9.6.1. Other Applications Market Forecast, 2021-2029 (USD Million)

10. Regional Market Analysis
10.1. Regional Market Trends
10.2. Regional Market: Comparative Analysis

11. North America Smart Home Healthcare Market

12. Europe Smart Home Healthcare Market

13. Asia Pacific Smart Home Healthcare Market

14. Latin America Smart Home Healthcare Market

15. MEA Smart Home Healthcare Market

16. Competitor Analysis
16.1. Market Share Analysis, 2021 & 2029
16.2. Competitive Mapping
16.3. Key Players Market Place Analysis
16.4. Major Recent Developments

17. Company Profiles
17.1. Apple Inc. (US)
17.1.1. Company Snapshot
17.1.2. Company Overview
17.1.3. Financials
17.1.4. Product Benchmarking
17.1.5. Recent Developments
17.2. Companion Medical (US)
17.2.1. Company Snapshot
17.2.2. Company Overview
17.2.3. Financials
17.2.4. Product Benchmarking
17.2.5. Recent Developments
17.3. F. Hoffmann-La Roche AG (Switzerland)
17.3.1. Company Snapshot
17.3.2. Company Overview
17.3.3. Financials
17.3.4. Product Benchmarking
17.3.5. Recent Developments
17.4. General Electric Company (US)
17.4.1. Company Snapshot
17.4.2. Company Overview
17.4.3. Financials
17.4.4. Product Benchmarking
17.4.5. Recent Developments
17.5. Google LLC (US)
17.5.1. Company Snapshot
17.5.2. Company Overview
17.5.3. Financials
17.5.4. Product Benchmarking
17.5.5. Recent Developments
17.6. Health Care Originals (US)
17.6.1. Company Snapshot
17.6.2. Company Overview
17.6.3. Financials
17.6.4. Product Benchmarking
17.6.5. Recent Developments
17.7. Hocoma (Switzerland)
17.7.1. Company Snapshot
17.7.2. Company Overview
17.7.3. Financials
17.7.4. Product Benchmarking
17.7.5. Recent Developments
17.8. Medical Guardian, LLC (US)
17.8.1. Company Snapshot
17.8.2. Company Overview
17.8.3. Financials
17.8.4. Product Benchmarking
17.8.5. Recent Developments
17.9. Medtronic (Ireland)
17.9.1. Company Snapshot
17.9.2. Company Overview
17.9.3. Financials
17.9.4. Product Benchmarking
17.9.5. Recent Developments
17.10. Proteus Digital Health (US)
17.10.1. Company Snapshot
17.10.2. Company Overview
17.10.3. Financials
17.10.4. Product Benchmarking
17.10.5. Recent Developments
17.11. Samsung Electronics Co. Ltd (South Korea)
17.11.1. Company Snapshot
17.11.2. Company Overview
17.11.3. Financials
17.11.4. Product Benchmarking
17.11.5. Recent Developments
17.12. VitalConnect (US)
17.12.1. Company Snapshot
17.12.2. Company Overview
17.12.3. Financials
17.12.4. Product Benchmarking
17.12.5. Recent Developments
17.13. Zanthion (US)
17.13.1. Company Snapshot
17.13.2. Company Overview
17.13.3. Financials
17.13.4. Product Benchmarking
17.13.5. Recent Developments
17.14. Company 14
17.14.1. Company Snapshot
17.14.2. Company Overview
17.14.3. Financials
17.14.4. Product Benchmarking
17.14.5. Recent Developments
17.15. Company 15
17.15.1. Company Snapshot
17.15.2. Company Overview
17.15.3. Financials
17.15.4. Product Benchmarking
17.15.5. Recent Developments
17.16. Others Prominent Players

18. Conclusion

19. Recommendations

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