LONDON--(BUSINESS WIRE)--The global smart healthcare market size is expected to grow by USD 224.86 billion during 2020-2024, progressing at a CAGR of over 24% during the forecast period. According to the report by Technavio, the market demand is expected to see superior growth due to the spread of the COVID-19 pandemic. The increased adoption of smartphones, growing chronic diseases, and better network connectivity even in remote areas of developing regions are opening new opportunities for market players. Besides, rising healthcare expenditure led by the growing incidence of the COVID-19 pandemic will further propel the market growth during the forecast period.
For a more detailed analysis, Get a Free Sample Report delivered in a minute
The demand for remote health monitoring is one of the major factors propelling the market growth. The expansion of the geriatric population worldwide has increased the prevalence of various chronic diseases such as diabetes, cancer, arthritis, obesity, asthma, and heart diseases. This has increased the demand for live and effective monitoring of health conditions and the day-to-day activities of the geriatric population. Also, many healthcare professionals are encouraging the use of smart devices among the elderly population to help them monitor their health remotely. These factors are positively influencing the growth of the market. However, the high cost involved with smart healthcare might hamper growth.
More details: www.technavio.com/report/smart-healthcare-market-industry-analysis
Global Smart Healthcare Market: Solution
Based on the solution, the market witnessed maximum growth in the EHR segment in 2019. The growth in the segment is driven by the increasing incorporation of advanced features such as speech recognition and natural language processing into their EHR solutions by vendors.
Global Smart Healthcare Market: Geographic Landscape
North America led the global smart healthcare market with a 42% market share in 2019. The region will continue to offer significant opportunities for vendors during the forecast period. Factors such as growing awareness, expanding mobile coverage, and rising chronic diseases will contribute to the growth of the market in North America.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Related Reports on Health Care Include:
Global Smart Syringe Pumps Market - Global smart syringe pumps market is segmented by product (consumables and systems), application (oncology, diabetes, gastroenterology, anesthesia, critical care, and pain management, and others), and geography (Asia, Europe, North America, and ROW). Click and get a FREE sample report in minutes
Global Medical Mobility Aids Market - Global medical mobility aids market is segmented by product (wheelchairs, walkers, crutches, stretchers, and rollators), end-user (hospitals and clinics, ASCs, and home care settings), and geography (North America, Europe, Asia, and ROW). Click and get a FREE sample report in minutes
Companies Covered
- Abbott Laboratories
- Alphabet Inc.
- Allscripts Healthcare Solutions Inc.
- Cisco Systems Inc.
- General Electric Co.
- Hewlett Packard Enterprise Co.
- International Business Machines Corp.
- Microsoft Corp.
- Koninklijke Philips NV
- Samsung Electronics Co. Ltd.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Smart Healthcare Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in smart healthcare market growth during the next five years
- Estimation of the smart healthcare market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart healthcare market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart healthcare market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Solution
- Market segments
- Comparison by Solution
- Telemedicine - Market size and forecast 2019-2024
- mHealth - Market size and forecast 2019-2024
- EHR - Market size and forecast 2019-2024
- Smart pills - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Solution
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive Scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Abbott Laboratories
- Alphabet Inc.
- Allscripts Healthcare Solutions Inc.
- Cisco Systems Inc.
- General Electric Co.
- Hewlett Packard Enterprise Co.
- International Business Machines Corp.
- Microsoft Corp.
- Koninklijke Philips NV
- Samsung Electronics Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
