Smart Healthcare Devices market is projected to grow at a CAGR of 16.14% during the forecast period, reaching a total market size of US$232.642 billion in 2024 from US$94.790 billion in 2018. Smart Healthcare means the use of electronics and the internet of things (IoT) for better diagnosis of diseases, improved treatment of patients, and enhanced quality of life. It helps in giving real-time health-related information of patients and thereby supporting chronic disease management and remote patient monitoring. It also enables preventive care, home-based care, and short-term care before or after the treatment in the hospital. The market for the smart healthcare devices market is driven by the increased engagement and consciousness of consumers in terms of health. It is one of the important factors which has driven the market. Also, the increased adoption of cloud storage technologies and growing penetration to the internet and other gateways like Bluetooth and WiFi for device connectivity. Furthermore, technological advancements in the field of smart healthcare devices will also boost market demand.
The “Smart Healthcare Devices Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by application, end-user, and geography.
The smart healthcare devices market has been segmented based on application, end-user, and geography. By application, the market is classified as diagnostic and monitoring, injury prevention and rehabilitation, and therapeutic. By end-user, the market is classified as homecare, hospitals and clinics, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the smart healthcare devices market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the smart healthcare devices market.