Smart Healthcare Products Market Size, Share, Report 2022-2027

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Smart Healthcare Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global smart healthcare products market size reached US$ 151.08 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 372.88 Billion by 2027, exhibiting a growth rate (CAGR) of 14.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Smart healthcare products include an integration of advanced tools and technologies that provide patients with enhanced treatment procedures and improve their quality of life. They are embedded with communication and sensor capabilities as well as data analytics techniques. Smart healthcare products assist in connected medical imaging, telemedicine, outpatient vigilance, etc. In addition to this, they also aid in minimizing the errors related to electronic medical records (EMR), laboratory information systems, computerized physician order entry, etc. Some of the common smart healthcare product include smart syringes, smart pills, smart RFID cabinets, smart wearables, etc.

Smart Healthcare Products Market Trends:

The growing consumer health consciousness, which has led to the emergence of smart medical devices, including diagnostic and monitoring equipment as well as injury prevention and rehabilitation instruments, is primarily driving the global smart healthcare products market. Furthermore, the rising awareness towards numerous benefits offered by smart healthcare products, such as virtual assistance, improved patient care, user-friendly systems, self-monitoring, etc., is also propelling the market growth. In addition to this, several government authorities are introducing various initiatives to promote the adoption of digital healthcare facilities and to provide accessible medical services across remote areas. For instance, the Indian government has launched the National Digital Health Mission to create a holistic and comprehensive digital health ecosystem that supports universal health coverage. Moreover, the emergence of innovative mHealth mobile apps that allow users to track their fitness levels by observing calorie count, water intake, heart rate, etc., is further augmenting the global market. Apart from this, the increasing inclination towards home care settings for disease management, monitoring, providing feedback, suggesting adequate treatment, etc., on account of the sudden outbreak of the COVID-19 pandemic, is also bolstering the market growth. Additionally, the escalating utilization of cloud-based EMR systems to enable patient's direct involvement throughout the documentation process and provide enhanced protection from data disruption is acting as a significant growth-inducing factor. Furthermore, several technological advancements, including the introduction of the Internet of Things (IoT), artificial intelligence (AI), Big Data, predictive analytics, etc., have improved patient access to services, reduced the operational strain on medical facilities, and provided support for the growth of digital ecosystems across healthcare organizations. This, in turn, is anticipated to propel the growth of the global smart healthcare products market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart healthcare products market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, application and end user.

Breakup by Product Type:

Telemedicine
Electronic Health Records
mHealth
Smart Pills and Syringes
Smart RFID Cabinets
Others

Breakup by Application:

Storage and Inventory Management
Monitoring
Treatment
Others

Breakup by End User:

Hospitals
Home Care Settings
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Allscripts Healthcare Solutions Inc, Capsule Technologies Inc., Cerner Corporation, Epic Systems Corporation, GE Healthcare Inc, Medical Information Technology Inc., Medtronic plc, NextGen Healthcare Inc., Olympus Corporation, Samsung Healthcare and Terumo Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Billion
Segment Coverage	Product Type, Application, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Abbott Laboratories, Allscripts Healthcare Solutions Inc, Capsule Technologies Inc., Cerner Corporation, Epic Systems Corporation, GE Healthcare Inc, Medical Information Technology Inc., Medtronic plc, NextGen Healthcare Inc., Olympus Corporation, Samsung Healthcare and Terumo Corporation.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the global smart healthcare products market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global smart healthcare products market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global smart healthcare products market and who are the key players?
What is the degree of competition in the industry?

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Smart Healthcare Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

Smart Healthcare Products Market Trends:

Key Market Segmentation:

Competitive Landscape:

Report Coverage:

Key Questions Answered in This Report:

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