Industry Background:
Smart home healthcare involves smart home incorporated with environmental and wearable medical sensors, actuators and modern communication and information technologies that enable continuous and remote monitoring of a person’s health in the home. These homes usually equipped with a collection of inter-related software and hardware components to monitor the living space by capturing the behavior of the resident.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | North America |
Unit | Value (USD Million) |
Dominating Application | Nutrition and Diet Monitoring |
Key Companies Profiled | Apple Inc. (United States), F. Hoffmann-La Roche AG (Switzerland), General Electric Company (United States), Google LLC (United States), Medical Guardian, LLC (United States), Medtronic plc (Ireland), Proteus Digital Health (United States), Samsung Electronics Co. Ltd (South Korea), VitalConnect (United States) and Zanthion (United States) |
According to AMA, the market for Smart Home Healthcare is expected to register a CAGR of 26.9% during the forecast period to 2027. This growth is primarily driven by Increased Prevalence of Diseases like Heart Attack, High Blood Pressure and Others, Technological Advancements in Healthcare Equipment and Increasing Disposable Income of the People.
Globally, a noticeable market trend is evident Rising Adoption of Internet-Of-Things in Home Healthcare Major Players, such as Apple Inc. (United States), F. Hoffmann-La Roche AG (Switzerland), General Electric Company (United States), Google LLC (United States), Medical Guardian, LLC (United States), Medtronic plc (Ireland), Proteus Digital Health (United States), Samsung Electronics Co. Ltd (South Korea), VitalConnect (United States) and Zanthion (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. August 2021 - Eight Sleep, raised USD 86.0 million for its smart mattress and ‘sleep fitness’ technology and approached USD 500.0 million valuations. Series C brings the total investment raised by Eight Sleep to USD 150.0 million. and June 2021 - Eight Sleep introduced Sleep OS, the world's first data-driven digitalized ecosystem focused on sleep optimization.
In January 2019, Medtronic plc announced the launch of its MyCareLink Heart mobile app to support the world's first and only portfolio of pacemakers that can communicate directly with patients' smartphones and tablets.
Smart Home Healthcare Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increased Prevalence of Diseases like Heart Attack, High Blood Pressure and Others
- Technological Advancements in Healthcare Equipment
- Increasing Disposable Income of the People
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Influencing Trends | - Rising Adoption of Internet-Of-Things in Home Healthcare
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Restraints | - High Cost Associated With Smart Home Healthcare Equipment
- Data Privacy and Security Issues
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Gaps & Opportunities | - Growing Geriatric Population Worldwide
- Increased Penetration of Internet
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Smart Home Healthcare Market
- Analysis about New Entrants in Smart Home Healthcare Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Smart Home Healthcare Study Sheds Light on
The Smart Home Healthcare Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Smart Home Healthcare industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Home Healthcare industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.