openPR Logo
Press release

Smart Healthcare Market: Research Report Overview by Industry Size, Share, Trends, Growth & Leading Players (2021-2027)

Smart Healthcare Market

Smart Healthcare Market

Research report presented by UnivDatos, Emphasis on Type [Electronic Health Record (EHR), RFID Systems, Smart Pill, Smart Syringes, Others), Application (Health Data Storage and Exchange, Monitoring and Treatment, Inventory Management), End-User (Hospitals, Home Care Settings, Others) and Geographical analysis (key regions and countries).

As per the research report, Global Smart Healthcare Market is expected to reach the market valuation of US$ 78.8 Billion by 2027 expanding at a reasonable CAGR of 7.15% during the forecast period (2021-2027) from US$ 40.5 Billion in 2019. The current era is one of informatization, with technological advancement and scientific theories, conventional medicines with biotechnology as its core part have slowly transformed to digitize. And smart healthcare is featuring a new information technology generation. Smart healthcare is not just only a modest technological advancement, multi-level change, but are also all-round. This change is embodied in the following: informatization construction changes (from clinical in formalization to regional medical informatization), medical model changes (from disease-centered to patient-centered care), changes in medical management (from general management to personalized management), and alternation in the methods for disease diagnosis & prevention and treatment (from focusing on disease treatment to focusing on preventive healthcare). These modifications in healthcare technology with the increasing adoption of the smart healthcare technologies focus on meeting the patients’ needs of people while refining the ef?ciency of medical care services, which importantly improves the medical and health service experience, and represent the future development direction of modern medicine.

For complete research, request for Sample of the report browse through -

Smart healthcare technologies are the integration of smart technology into all areas of healthcare, fundamentally changing how organizations operate and deliver value to stakeholders. It affects all sectors of society, in particular economies. These technologies are also empowering governments and stakeholders to improve healthcare standards by improvising patient privacy and secure network. The increasing prevalence of chronic diseases in developed as well as developing economies will further surge the smart healthcare technologies and product demand around the globe. According to World Health Organization (WHO), around 17.9 million people died from cardiovascular diseases (CVDs) in 2016; and according to American Diabetes Association, approximately 34.2 million people in American are suffering from Diabetes. Organizations today increasingly realize they can no longer focus on just providing treatment; they need to offer an experience. An increasing number of products today both consume and generate data, and many are interconnected through smart technologies. Smart technologies are the cause of large-scale and sweeping advancement across various phases of healthcare facilities, providing incomparable opportunities for value capture and creation, while also representing a major source of risk. The rapid advances in smart healthcare technology are redefining the healthcare infrastructure.

Insights Presented in the Report

“Electronic health record segment dominated the product segment of Smart Healthcare Technologies and Products Market”

Based on type, the market is fragmented into electronic health record, RFID systems, smart pill, smart syringes, and other. Electronic health record dominated the market with a share of 68.4% in 2019 and is expected to maintain its dominance during the forecast period owing to the increasing adoption of electronic health record that entails the need for patient records such as patient’s medical history, diagnosis, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory and test results.

For a detailed analysis of the smart healthcare Market browse through -

“Health Data Storage and Exchange application is expected to dominate the market during the analyzed period”

Based on Application, the market is segmented into Health data storage and exchange, Monitoring and Treatment, and Inventory Management. In 2019, Health data storage and exchange accounted for 70.5% of the market revenue share. Currently, health data storage and exchange dominated the smart healthcare technologies and products market and is expected to remain dominant during the analyzed period as it allows doctors, pharmacists, nurses, healthcare providers and patients to securely access and shares a patient’s vital medical information electronically - improving the speed, quality, safety and cost of patient care.

“Amongst End User, Hospitals are expected to dominate the market during the analyzed period”

Based on the market segment by end-users, the market is fragmented into hospitals, home care settings, and others. In 2019, the Hospitals, accounted for the maximum market share with 73.8% and is expected to be the leading segment of the smart healthcare technologies and products market and is expected to remain dominant during the forecast period as it reduces the time patients have to spend in a facility that led to freeing up space and resources for hospitals to address more patients. The automation also decreases the number of doctors required per patient in a healthcare organization.

For a detailed analysis of the market drivers in smart healthcare technologies and products Market browse through -

“North America represents one of the largest markets of Smart Healthcare Market”

For a better understanding of the market dynamics of the smart healthcare technologies and products market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of World has been conducted. North America dominated the market and generated revenue of US$ 16.3 billion in 2019 owing to the increase in the adoption of Smart Healthcare Technologies and along with the increasing focus on advanced technologies in the order to strengthen healthcare infrastructure in the region.

Competitive analysis

IBM Corporation, Allscripts Healthcare Solutions, Inc., eClinicalWorks, Medtronic, Olympus Corporation, Terumo Corporation, Cerner Corporation, General Electric Company, Siemens Healthcare Private Limited, and Becton, Dickinson, and Company are some of the prominent players operating in the global smart healthcare technologies and products market. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.

Customization Options:

The Smart Healthcare Technologies and Products Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Contact us:
UnivDatos Market Insights (UMI)
Ph: +91 7838604911

About Us:
UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Healthcare Market: Research Report Overview by Industry Size, Share, Trends, Growth & Leading Players (2021-2027) here

News-ID: 2289479 • Views: 418

More Releases from UnivDatos Market Insights (UMI)

Healthcare Consulting Services Market Size, Share, Growth 2021-2027 | Cognizant, …
A comprehensive overview of the healthcare consulting services market is recently added by UnivDatos Market Insights to its humongous database. The healthcare consulting services market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Healthcare Consulting Services market. The healthcare consulting services market report offers a
Greenhouse Film Market Size, Share, Growth, Trend 2021-2027 | Key Players Are Gi …
A comprehensive overview of the global Greenhouse Film market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Greenhouse Film market globally. This report offers a detailed analysis of the latest industry developments and
Active Pharmaceutical Ingredient Market - Comprehensive Insights by Demand Statu …
Global active pharmaceutical ingredient market is expected to witness a CAGR of around 6% during the forecast period. The active pharmaceutical ingredient (API) is the part of any drug that produces the intended effects. Some drugs have multiple active pharmaceutical ingredients. The rising prevalence of the various diseases coupled with the COVID-19 pandemic is expected to drive the market for active pharmaceutical ingredients. Furthermore, the surging investments in research and
Automotive Data Logger Market: Research Strategies with Share Analysis, Top Key …
Modern car data loggers are more expensive than traditional OBD-I systems. However, data loggers that simply support CAN and LIN channels are less expensive than those that handle all of the major channels (CAN, LIN, FlexRay, and Ethernet). This is also dependent on the amount of analog and digital inputs that data loggers can accommodate. OEMs are always pressuring data logger vendors to reduce device pricing while preserving device quality.

All 5 Releases

More Releases for Health

Health literacy: How to improve health behaviors
Health literacy is defined as "people´s knowledge, motivation and competences to access, understand, appraise and apply information to make judgements and take decisions in everyday life healthcare concerning disease prevention and health promotion to maintain and improve quality of life during the life course." In a new volume Anne-Kathrin Mayer and colleagues shed light on the concept of health literacy from different disciplines: psychology, educational sciences, health sciences and
Mental Health 2019
PULSUS brings in a new spin on conferences by presenting the latest scientific improvements in your field. Listen to motivating keynotes from thought leaders or rub elbows with pioneers across the globe. London is all set for an amazing event as PULSUS proudly presents the “World Congress on Mental Health” scheduled on November 13,14, 2019 at London, UK. PULSUS cordially welcome researchers, academicians, students and business professionals in the field
GetSavvi Health - For Health Insurance Needs
GetSavvi Health offers health insurance, which includes basic and primary care at affordable prices. The company believes in the fact that South Africans are hard working and each of them deserve access to affordable and high-quality healthcare facilities and that too at affordable prices. The company desires to be a leader in the primary healthcare sector. Primary care is all about basic healthcare facilities through day-to-day benefits, which help in
Digital Therapeutics Market Outlook 2025 : Proteus Digital Health, Omada Health, … has announced the addition of the “Global Digital Therapeutics Market Size, Status and Forecast 2025” The report focuses on major leading players with information such as company profiles, product picture and specification. This report studies the global Digital Therapeutics market, analyzes and researches the Digital Therapeutics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market,
Psychiatric and Mental Health Nursing 2019 will prove to be a noteworthy event, with this we cherish mental health nursing by embracing the theme, “Fore-fronting nursing care to achieve mental wellness” , and would step forward to provide an opportunity to step in and join our family, as we bring and encourage to join professionals from the following areas of Mental Health, Psychology, Nursing, Physiology, Neurology, Healthcare, Education, Business to
TrendSights Analysis: Guided Health
"TrendSights Analysis: Guided Health", explores what the Guided Health trend is, why it is important, who is most influenced by it, and how brands and manufacturers can capitalize on it. The research concludes by identifying where the trend is heading next and how long it will last. In the information economy, health-conscious consumers now more confidently embrace an abundance of new information tools, enabling more health-driven choices. Consumers are seeking conveniences