Smart Home Healthcare Industry Expected to Reach $11.2 Billion by 2031 – ResearchAndMarkets.com | Jobs Reply


DUBLIN–(Business Wire)– Added “Smart Home Healthcare Market By Product, By Technology, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031” report ResearchAndMarkets.com’s offering.

The global smart home healthcare market was valued at $4,811.82 million in 2021, and is expected to reach $11,215.81 million by 2031, growing at a CAGR of 8.8% from 2022 to 2031.

Smart home healthcare provides in-home care for the elderly, outpatients and the disabled. They are developed to monitor health and well-being using sensors worn or implanted in the surrounding environment.

Smart homes are equipped with internet-connected devices to remotely monitor and manage appliances and systems, such as lighting and heating. Smart healthcare enables better diagnostic tools, better treatment for patients, and devices that improve the quality of life for everyone. There are both wired and wireless devices. Wireless devices use Bluetooth, Wi-Fi, or radio frequency to connect to other devices.

Smart home healthcare devices have various medical parameters, such as blood glucose level, heart rate, blood pressure, pulse rate, oxygen level, electrocardiogram, and these data can be intelligently viewed on mobile phones, tablets and other digital devices . Estimation of these parameters helps physicians to remotely predict a patient’s health.

Continuous glucose monitoring devices, cardiac monitoring devices, medical alert systems, telemedicine applications & software, and fall prevention and detection system are the major smart home healthcare devices. Many key market players are launching smart devices in healthcare with advanced features and great features. Hence, continuous advancements in technology are driving the growth of the smart home healthcare market.

Key factors driving the growth of the smart home healthcare market include increasing geriatric population, increasing popularity of Internet of Things (IoT) in home healthcare, and increasing chronic diseases. In addition, technological advancement and increasing demand for personalized healthcare in developed countries is a key trend in the market, which is expected to drive the growth of the market during the forecast period.

A significant rise in the geriatric population is one of the key factors in this market as aging leads to various behavioral disorders, which are influenced by several variables such as lifestyle, diet, physical activity (PA), smoking, alcohol use , chronic illness conditions. , and medications. Aging causes a number of physiological changes that can lead to illnesses, which can lower the quality of life. Thus, such a high geriatric population base is expected to boost the smart home healthcare market.

However, privacy and data security concerns are expected to hinder the growth of the market. All data is transferred through the internet to various devices, which use applications, so there is a threat of inappropriate use of personal information. Third-party storage, secondary data usage, and potential attacks are a tough challenge. Lack of technological knowledge among people in developing countries is also expected to hinder the growth of the market.

Key Benefits

  • This report provides quantitative analysis of market segments, current trends, estimates, and dynamics of the smart home healthcare market analysis from 2021 to 2031 to identify the prevailing opportunities in the smart home healthcare market.

  • The market research is provided along with information related to key drivers, restraints and opportunities.

  • Porter’s five forces analysis emphasizes the ability of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

  • An in-depth analysis of the smart home healthcare market segmentation helps to determine the prevailing market opportunities.

  • Major countries in each region are mapped according to their revenue contribution to the global market.

  • The location of the market players facilitates benchmarking and provides a clear understanding of the current state of the market players.

  • The report includes analysis of regional and global smart home healthcare market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Product

  • Medical device alert systems

  • Smart glucose monitoring system

  • An intelligent cardiac monitoring system

  • Other people

According to Technology

By Application

  • Fall prevention and detection

  • Health status monitoring

By Region

  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • SAY

  • Italy

  • Spain

  • The rest of Europe

  • Asia-Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • The rest of Asia-Pacific

  • LAMEA

  • Brazil

  • Saudi Arabia

  • South Africa

  • The rest of LAMEA

Key market players

  • Agatsa Software Pvt.Ltd.

  • Sunfox Technologies Pvt Ltd.

  • Apollo Global Management, Inc

  • Connect America

  • Medical Guardian LLC

  • Medtronic

  • Tunstall Group

  • VitalConnect.

  • A pipe

  • DexCom, Inc

  • Abbott Laboratories

  • Bayalarm

  • Mytrex Inc.

  • Nureca

  • F Hoffmann Roche

  • MariCare Oy

  • Qure4u

For more information about this report visit https://www.researchandmarkets.com/r/mi4izf



Source link