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Smart Home Healthcare Market 2018, Top Companies, Application, Trends, Growth Factors and Development Forecast to 2024
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The market for smart home healthcare is primarily driven by increasing demand for health. With the expanding geriatric population, and mounting occurrence of chronic and lifestyle associated diseases such as diabetes, cardiovascular diseases, and obesity has resulted in increased demand for advanced smart home healthcare.
North America accounted for the major share in the smart home healthcare industry in 2017, globally as the in the region occurrence of chronic and lifestyle associated diseases is increasing.
The European smart home healthcare market is growing at a significant rate due to the mounting occurrence of chronic diseases, expanding the geriatric population, escalating requirement for remote monitoring services and improved healthcare infrastructure.
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Asia-Pacific is observed to witness the fastest growth in the smart home healthcare market, owing to expanding the geriatric population. The mounting occurrence of chronic and lifestyle associated diseases, large population base and surging IT investment in the healthcare industry are some of the factors fuelling the growth of the Asia-Pacific smart home healthcare market.
Key players in the smart home healthcare industry are investing in the development of advanced, which is strengthening their position in the Honeywell International Inc., Schneider Electric SE., Qualcomm Incorporated, Siemens AG, General Electric Company, Koninklijke Philips N.V, AT&T Inc., and Medical Guardian LLC are some of the key players offering smart home healthcare.
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