Smart Healthcare Products

Smart Healthcare Products Market to Grow Nearly 9.2% through 2030

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The global smart healthcare products market value is expected to reach US$ 85.37 Billion by the end of 2030, decelerating at a CAGR of 9.2% from 2021 to 2030. The report contains 150+ pages with detailed analysis.

The study provides the overall revenue of the global smart healthcare products market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global smart healthcare products market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the smart healthcare products industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Smart healthcare can be described as the integration of innovative technology in conventional healthcare facilities that in turn renovates it into smart healthcare. It augments the quality of healthcare facilities and improves the experience of a user. The key objective is to support in educating the users regarding their medical condition and also keeping them alert and updated regarding their health situations. Smart healthcare devices assist in remotely auditing patient’s well-being and are also beneficial in decreasing the charge of the treatment for an individual. Smart healthcare devices offer technologically innovative IT software and hardware for better health care amenities.

These devices use a new-age data communication expertise that operates on cloud-based, mobile, and digital platforms so as to offer effective health care to the patients. For instance, smart healthcare devices use platforms such as EHR (electronic health record) which provides effective patient supervision and better medical outcome. Smart system relies on network competences, energy efficacy, and closed loop regulator. Furthermore, smart healthcare devices guide to augment treatment, diagnostic apparatuses, and value of life for individuals.

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Growth Factors:

Factors such as growing focus on continuous health monitoring, increasing focus on mHealth, advances in the domain of healthcare IT, growing awareness regarding use of healthcare data for early diagnosis of diseases, increasing requirement for remote health monitoring, rising geriatric population, advances in artificial intelligence and Internet of Things (IoT), high prevalence of chronic diseases are driving the growth of smart healthcare products market. Moreover, increasing digital healthcare expenditure across the globe is driving the smart healthcare products market growth across the world. Additional features that are expected to fuel this business are incorporation of modern technologies and rising investment by important companies.

As per the statistics released by the World Health Organization, around 40 million deaths occurred owing to chronic disorders, accounting 70% of demises globally in the year 2017. Moreover, statistics of the WHO display that cardiovascular ailments are accountable for more than 17 million demises yearly. With the increase in the aging populace, especially in the advanced countries, the incidence of chronic ailments has increased. It has necessitated the requirement for dynamic monitoring of wellbeing conditions in daily activities of the people. In order to help this need, governments in numerous regions are offering various assistance programs to support individual so as to help them retain a record of their health information, which aids them in addition to clinicians in the long run. Such helpful government initiatives are expected to bode well for industry growth.

Report Coverage:

Report Highlights Details
Market Size USD 85.37 Billion by 2030
Growth Rate CAGR of 9.2% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Emd User, Distribution Channel
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Medtronic, Inc., eClinicalWorks, Olympus Corporation, Terumo Corporation, Becton, Dickinson & Company, Cerner Corporation, Stanley Healthcare, Honeywell Life Care Solutions, Allscripts Healthcare Solutions, Inc., AirStrip Technologies, Inc.

Report Highlights:

  • Among the product segment, wearable biosensor dominated the overall market in 2020. The rising number of cardiovascular disorders and diabetes cases are the foremost factors attributing to its large market share. The wearable activity trackers segment is anticipated to grow at the uppermost CAGR through the forecast duration.
  • Pharmacy stores accounted for the major share in the distribution channel segment with more than 55% share in 2020 due to high sale of wearable devices through the pharmacies.
  • Heart Disease Patients accounted for the major share in the end user segment in 2020 due to high prevalence of cardiovascular disorders and increasing awareness regarding benefits of health data monitoring for better management of heart disorders.
  • Allscripts Healthcare Solutions, Honeywell, and Olympus Corporation accounted for a significant share of the global smart healthcare products market.

Regional Analysis:

The report includes information for Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. In 2020, the North America region dominated the worldwide market with a market share of higher than 43%. The U.S. indicated the highest slice in North America principally due to high incidence of chronic disorders, early adoption of latest healthcare technologies, and presence of leading manufacturers. Moreover, availability of skilled professionals also supported the high market portion of North America.

Europe was the subsequent significant market chiefly due to high geriatric population. Presence of latest healthcare infrastructure in the European region is also expected to lift the demand for smart healthcare products in the anticipated time-span. The Asia Pacific region is projected to grow at the highest CAGR of around 10.2% in the estimate period due to increasing focus on health data monitoring and high incidence of diabetes and cardiovascular disorders. Latin America and Middle East and African region will display noticeable growth.

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Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global smart healthcare products market are as follows:

  • Medtronic, Inc.
  • eClinicalWorks
  • Olympus Corporation
  • Terumo Corporation
  • Becton, Dickinson & Company
  • Cerner Corporation
  • Stanley Healthcare
  • Honeywell Life Care Solutions
  • Allscripts Healthcare Solutions, Inc.
  • AirStrip Technologies, Inc.

Market Segmentation

By Product

  • ECG Wearable Devices
  • Wearable Activity Trackers
  • Wearable Biosensor
  • Others

By Distribution Channel

  • Pharmacy Stores
  • E-commerce
  • Others

By End User

  • Diabetes Patient
  • Heart Disease Patients
  • Chronic Renal Failure Patients
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report include:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global smart healthcare products market. It examines trends and factors influencing demand for smart healthcare products globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents an exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for smart healthcare products across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on smart healthcare products. The report offers an estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global smart healthcare products market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for smart healthcare products are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

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. Smart Healthcare Products Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Smart Healthcare Products Market

5.1. Covid-19: Smart Healthcare Products Industry Impact
5.2. Smart Healthcare Products Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Smart Healthcare Products Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Smart Healthcare Products Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Smart Healthcare Products Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Rising adoption of mHealth
6.1.1.2. Supportive government programs
6.1.2. Market Restraints
6.1.2.1. High cost
6.1.3. Market Opportunities
6.1.3.1. Rapid improvements in healthcare IT

Chapter 7. Global Smart Healthcare Products Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Smart Healthcare Products Market Revenue by Market Players (2016 -2019)
7.1.1.2. Smart Healthcare Products Market Revenue Market Share by Market Players (2016 -2019)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Smart Healthcare Products Market, By Product

8.1. Smart Healthcare Products Market, by Product, 2017-2030
8.1.1. ECG Wearable Devices
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Wearable Activity Trackers
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Wearable Biosensor
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Smart Healthcare Products Market, By Distribution Channel

9.1. Smart Healthcare Products Market, by Distribution Channel, 2017-2030
9.1.1. Pharmacy Stores
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. E-commerce
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Smart Healthcare Products Market, By End User

10.1. Smart Healthcare Products Market, by End User, 2017-2030
10.1.1. Diabetes Patient
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Heart Disease Patients
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Chronic Renal Failure Patients
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Smart Healthcare Products Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Product(2017-2030)
11.1.2. Market Revenue Forecast by Distribution Channel (2017-2030)
11.1.3. Market Revenue Forecast by End User (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue Forecast by Product (2017-2030)
11.2.2. Market Revenue Forecast by Distribution Channel (2017-2030)
11.2.3. Market Revenue Forecast by End User (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Product (2017-2030)
11.3.2. Market Revenue Forecast by Distribution Channel (2017-2030)
11.3.3. Market Revenue Forecast by End User (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue Forecast by Product (2017-2030)
11.4.2. Market Revenue Forecast by Distribution Channel (2017-2030)
11.4.3. Market Revenue Forecast by End User (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Product (2017-2030)
11.5.2. Market Revenue Forecast by Distribution Channel (2017-2030)
11.5.3. Market Revenue Forecast by End User (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. Medtronic, Inc.
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Distribution Channel
12.1.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.1.4. Recent Developments and Strategies
12.2. eClinicalWorks
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Distribution Channel
12.2.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.2.4. Recent Developments and Strategies
12.3. Olympus Corporation
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Distribution Channel
12.3.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.3.4. Recent Developments and Strategies
12.4. Terumo Corporation
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Distribution Channel
12.4.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.4.4. Recent Developments and Strategies
12.5. Becton, Dickinson & Company
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Distribution Channel
12.5.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.5.4. Recent Developments and Strategies
12.6. Cerner Corporation
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Distribution Channel
12.6.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.6.4. Recent Developments and Strategies
12.7. Cerner Corporation
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Distribution Channel
12.7.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.7.4. Recent Developments and Strategies
12.8. Honeywell Life Care Solutions
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Distribution Channel
12.8.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.8.4. Recent Developments and Strategies
12.9. Allscripts Healthcare Solutions, Inc.
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Distribution Channel
12.9.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.9.4. Recent Developments and Strategies
12.10. AirStrip Technologies, Inc.
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Distribution Channel
12.10.3. Revenue, Price, and Gross Margin (2016 – 2019)
12.10.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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