A key factor driving the growth of the market is increasing demand for remote health monitoring. The rise in life expectancy over the past decade in developed regions such as North America and Western Europe has resulted in an increase in the aging population. The increase in the elderly population has led to a rise in chronic diseases. This has resulted in the demand for live and effective monitoring of health conditions and day-to-day activities of the aged population. Therefore, it is predicted that this factor will be a major driver to propel the adoption of smart healthcare products.
This market research report on the global smart healthcare market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights IoT in healthcare as one of the key emerging trends in the global smart healthcare market:
Global smart healthcare market: IoT in healthcare
IoT applications such as mHealth enable the provision of facilities such as medication reminders, remote diagnostics, and telemedicine services. Also, IoT-based solutions help to speed up emergency communications in critical situations. Furthermore, mobile operators are establishing sustainable business models in mHealth by collaborating with governments and other regulatory stakeholders to gain traction in the market. Thus, with measures such as these, the use of IoT in healthcare will boost the growth for the overall global smart healthcare industry.
“In recent times, smart healthcare solutions are being offered with embedded communications and sensor technologies along with data analysis techniques to monitor an individual physically for the diagnosis and ongoing treatment of diseases. Therefore, with such developments entering the smart healthcare industry, the industry is expected to boom during the forecast period” says a senior analyst at Technavio for research on machine to machine (M2M) and connected devices.
Global smart healthcare market: Segmentation analysis
This market research report segments the global smart healthcare market by geographical regions to include APAC, EMEA, and the Americas.
The Americas led the market in 2017 with a market share of more than 40%, followed by EMEA and APAC respectively. Although APAC held the smallest share of the market in 2017, the region is expected to witness the highest incremental growth over the forecast period followed by the EMEA region. The Americas will see a significant decline in its market share.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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