Smart Healthcare Market Size to Worth Around USD 550.9 Bn by 2030
The worldwide Smart Healthcare market measurement is anticipated to achieve USD 550.9 billion by 2030 and is anticipated to increase at a CAGR of 17.2% from 2021 to 2030.
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Growth Factors
Rising adoption of mHealth, government initiatives to digitize healthcare, and the prevalence of chronic disorders are likely to accentuate the demand for smart healthcare systems. Digitalization has transformed the healthcare industry. The adoption of mHealth has increased substantially in the past few years, majorly owing to the rising usage of smartphones and digitization. As per a United Healthcare Consumer Sentiment Survey, in 2019, approximately 39.0% of Americans rely on internet or mobile apps for consultations related to their health conditions.
The COVID-19(coronavirus) pandemic is likely to boost the market growth as these solutions help healthcare professionals to connect effectively with their patients and offer quality treatment. Owing to social distancing, remote patient monitoring, and virtual healthcare delivery is gaining momentum.
Report Coverage
| Report Scope | Details |
| Market Size | USD 550.9 billion by 2030 |
| Growth Rate | CAGR of 17.2% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | IBM; Cisco; GE Healthcare; Olympus Corporation; Brooks Automation; Given Imaging, Inc.; Stanley Innerspace; Solstice Medical LLC; Siemens Medical Solutions; Allscripts Healthcare Solutions; Samsung Electronics Corporation; AirStrip Technologies Inc.; Apple Inc.; AT&T Inc.; Logi-Tag; Cerner Corporation; Pepperl+Fuchs; Hurst Green Plastics Ltd.; Bollhoff Group; Wurth Group; McKesson Corporation; Brooks Automation; and LogTag |
By Product Analysis
On the basis of product, mhealth accounted the smart healthcare market with around 48.0% revenue share in 2020. The dominance is attributed to high internet usage, smartphones, and the adoption of mHealth apps.
RFID kanban system is the fastest-growing segment at a CAGR of 23.1% from 2020 to 2030. The key trends aiding in the adoption of RFID are supply chain management, automation, real-time intelligence, and asset tracking. RFID technology help to identify issues in the workflow of hospitals especially to move patients in and out quickly and more efficiently.
Telemedicine accounted for the second-fastest-growing segment in the market for smart healthcare. In the wake of the on-going COVID-19 outbreak, it is anticipated to boost the adoption and usage of telemedicine by healthcare professionals to connect effectively with their patients.
By Regional Analysis
North America accounted the market with a revenue share of 35.81% in 2019. This is attributed to supportive government policies for the deployment of digital health and the accessibility of infrastructure with high digital literacy. growing awareness about connected healthcare, high penetration of internet, and smartphones, along with the usage of health-related apps are a few of the key factors responsible for the growth of the market.
Asia Pacific is expected to exhibit lucrative growth over the forecast period. Countries such as Japan, Australia, and India exhibit significant potential owing to their developed healthcare IT infrastructure and growing investments in smart healthcare.
Key Players
- AirStrip Technologies Inc.
- Allscripts Healthcare Solutions
- Apple Inc.
- AT&T Inc.
- Brooks Automation
- Cerner Corporation
- Cisco
- GE Healthcare
- Given Imaging, Inc.
- Hurst Green Plastics Ltd.
- IBM
- Logi-Tag
- McKesson Corporation
- Olympus Corporation
- Pepperl+Fuchs
- Samsung Electronics Corporation
- Siemens Medical Solutions
- Solstice Medical LLC
- Stanley Innerspace
- Bollhoff Group
- Wurth Group
Market Segmentation
- Product
- RFID Kanban Systems
- RFID Smart Cabinets
- Electronic Health Records (EHR)
- Telemedicine
- mHealth
- Smart Pills
- Smart Syringes
- Regional
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Smart Healthcare Market, By Product
7.1. Smart Healthcare Market, by Product, 2020-2030
7.1.1. RFID Kanban Systems
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. RFID Smart Cabinets
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Electronic Health Records (EHR)
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Telemedicine
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. mHealth
7.1.5.1. Market Revenue and Forecast (2017-2030)
7.1.6. Smart Pills
7.1.6.1. Market Revenue and Forecast (2017-2030)
7.1.7. Smart Syringes
7.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Smart Healthcare Market, Regional Estimates and Trend Forecast
8.1. North America
8.1.1. Market Revenue and Forecast, by Product (2017-2030)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Product (2017-2030)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Product (2017-2030)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Product (2017-2030)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Product (2017-2030)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Product (2017-2030)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Product (2017-2030)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Product (2017-2030)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Product (2017-2030)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Product (2017-2030)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Product (2017-2030)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Product (2017-2030)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Product (2017-2030)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Product (2017-2030)
Chapter 9. Company Profiles
9.1. AirStrip Technologies Inc.
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Allscripts Healthcare Solutions
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Apple Inc.
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. AT&T Inc.
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. Brooks Automation
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Cerner Corporation
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
9.7. Cisco
9.7.1. Company Overview
9.7.2. Product Offerings
9.7.3. Financial Performance
9.7.4. Recent Initiatives
9.8. GE Healthcare
9.8.1. Company Overview
9.8.2. Product Offerings
9.8.3. Financial Performance
9.8.4. Recent Initiatives
9.9. Given Imaging, Inc.
9.9.1. Company Overview
9.9.2. Product Offerings
9.9.3. Financial Performance
9.9.4. Recent Initiatives
9.10. Hurst Green Plastics Ltd.
9.10.1. Company Overview
9.10.2. Product Offerings
9.10.3. Financial Performance
9.10.4. Recent Initiatives
Chapter 10. Research Methodology
10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
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