Dublin, Jan. 14, 2025 (GLOBE NEWSWIRE) -- The "Smart Home Healthcare Market Report 2024" has been added to ResearchAndMarkets.com's offering.
The smart home healthcare market size is expected to see exponential growth in the next few years. It will grow to $61.96 billion in 2028 at a compound annual growth rate (CAGR) of 29.4%. The projected growth in the forecast period can be attributed to factors such as the rising prevalence of chronic diseases, increased convenience and comfort, growing disposable income, personalized healthcare, and improved health management.
Key trends expected during this period include the integration of advanced technologies, increased use of IoT devices, broader adoption of telehealth services, the rise of health-oriented smart devices, and enhanced data security and privacy measures.
The growing prevalence of chronic diseases is expected to drive the expansion of the smart home healthcare market. The rise in chronic conditions is influenced by factors such as aging populations, sedentary lifestyles, poor diets, and environmental factors. Smart home healthcare solutions support patients with chronic diseases by offering real-time monitoring and personalized management to enhance health outcomes and treatment adherence. For example, the Australian Institute of Health and Welfare, an Australian government agency, reported in June 2024 that about 15.4 million people, or 61% of the population, were living with at least one long-term health condition in 2022. Chronic diseases were responsible for 171,500 deaths that year, accounting for 90% of all deaths and equating to a rate of 659 deaths per 100,000 people. Consequently, the increasing burden of chronic diseases is fueling the growth of the smart home healthcare market.
Leading companies in the smart home healthcare sector are focusing on developing innovative solutions, such as intelligent monitoring systems, to provide seamless care and enhance patient outcomes by enabling healthcare providers to monitor vital signs wirelessly and in real time. These systems employ advanced technologies such as artificial intelligence, machine learning, and Internet of Things (IoT) devices to gather and analyze data from various sensors and devices. For instance, in April 2023, LifeSigns, an India-based company specializing in remote patient monitoring solutions, introduced Continuum Care. This solution facilitates real-time remote monitoring of patients, regardless of their location, using wearable biosensors and cloud-based analytics to track up to eight vital signs, including electrocardiogram (ECG), blood pressure, peripheral oxygen saturation (SpO2), and temperature. Continuum Care is adaptable and can be customized for various healthcare needs, making it suitable for use in ambulances, hospitals, and home settings to ensure continuous care and improved patient outcomes.
In April 2024, Omron Healthcare Co. Ltd., a Japan-based medical device company, acquired Luscii Healthtech B.V. for an undisclosed amount. This acquisition aims to advance and broaden the use of remote patient monitoring (RPM) services by integrating Luscii's digital health platform with Omron's global healthcare network. Luscii Healthtech B.V., a Netherlands-based medical software company, offers home monitoring programs designed for healthcare professionals.
Major companies operating in the smart home healthcare market are Apple, Samsung Electronics, AT&T, GE Healthcare, Honeywell International, F. Hoffmann-La Roche, Medtronic, Koninklijke Philips, Boston Scientific, Fitbit, Companion Medical, Connect America, Tunstall Group, Medical Guardian, Withings, VitalConnect, Nureca, Qure4u, Sunfox Technologies, Agatsa Software, Bay Alarm Medical, Health Care Originals, MariCare and Murata Vios.
This report focuses on smart home healthcare market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Markets Covered:
- By Product: Smart Glucose Monitoring System; Medical Device Alert Systems; Smart Cardiac Monitoring System; Other Products
- By Service: Skilled Nursing Services; Rehabilitation Therapy Services; Hospice And Palliative Care Services; Unskilled Care Services; Respiratory Therapy Services; Infusion Therapy Services; Pregnancy Care Services
- By Technology: Wired; Wireless
- By Indication: Diabetes; Respiratory Diseases; Pregnancy; Mobility Disorders; Hearing Disorders; Cancer; Wound Care
- By Application: Fall Prevention And Detection; Health Status Monitoring; Nutrition Or Diet Monitoring; Memory Aids
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $22.08 Billion |
| Forecasted Market Value (USD) by 2028 | $61.96 Billion |
| Compound Annual Growth Rate | 29.4% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Smart Home Healthcare Market Characteristics
3. Smart Home Healthcare Market Trends and Strategies
4. Smart Home Healthcare Market - Macro Economic Scenario
5. Global Smart Home Healthcare Market Size and Growth
5.1. Global Smart Home Healthcare Market Drivers and Restraints
5.2. Global Smart Home Healthcare Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Smart Home Healthcare Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Smart Home Healthcare Market Segmentation
6.1. Global Smart Home Healthcare Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Smart Glucose Monitoring System
- Medical Device Alert Systems
- Smart Cardiac Monitoring System
- Other Products
6.2. Global Smart Home Healthcare Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Skilled Nursing Services
- Rehabilitation Therapy Services
- Hospice and Palliative Care Services
- Unskilled Care Services
- Respiratory Therapy Services
- Infusion Therapy Services
- Pregnancy Care Services
6.3. Global Smart Home Healthcare Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Wired
- Wireless
6.4. Global Smart Home Healthcare Market, Segmentation by Indication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Diabetes
- Respiratory Diseases
- Pregnancy
- Mobility Disorders
- Hearing Disorders
- Cancer
- Wound Care
6.5. Global Smart Home Healthcare Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Fall Prevention and Detection
- Health Status Monitoring
- Nutrition or Diet Monitoring
- Memory Aids
7. Smart Home Healthcare Market Regional and Country Analysis
7.1. Global Smart Home Healthcare Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Smart Home Healthcare Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8-29. Country Specific Smart Home Healthcare Market Analysis
30. Smart Home Healthcare Market Competitive Landscape and Company Profiles
30.1. Smart Home Healthcare Market Competitive Landscape
30.2. Smart Home Healthcare Market Company Profiles
30.2.1. Apple Inc.
30.2.2. Samsung Electronics Co. Ltd.
30.2.3. AT&T Inc.
30.2.4. GE Healthcare
30.2.5. Honeywell International Inc.
31. Smart Home Healthcare Market Other Major and Innovative Companies
31.1. F. Hoffmann-La Roche Ltd
31.2. Medtronic
31.3. Koninklijke Philips
31.4. Boston Scientific Corp
31.5. Fitbit Inc.
31.6. Companion Medical
31.7. Connect America
31.8. Tunstall Group
31.9. Medical Guardian
31.10. Withings
31.11. VitalConnect
31.12. Nureca Limited
31.13. Qure4u Inc.
31.14. Sunfox Technologies
31.15. Agatsa Software
32. Global Smart Home Healthcare Market Competitive Benchmarking
33. Global Smart Home Healthcare Market Competitive Dashboard
34. Key Mergers and Acquisitions in the Smart Home Healthcare Market
35. Smart Home Healthcare Market Future Outlook and Potential Analysis
35.1 Smart Home Healthcare Market in 2028 - Countries Offering Most New Opportunities
35.2 Smart Home Healthcare Market in 2028 - Segments Offering Most New Opportunities
35.3 Smart Home Healthcare Market in 2028 - Growth Strategies
For more information about this report visit https://www.researchandmarkets.com/r/jdz2zu
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