Europe Smart Home Healthcare Market 2021-2030, Size, Share, Demand, Growth, Revenue, Trends, Future Outlook, Major Players: Ken Research

Smart Home is an incorporation of technology and services through a network for a better quality of living. The technology assistances the user to decrease the workload and much more. Smart Home simplifies the users with comfortable living, energy management features, security, and assistances for disabled individuals. Smart homes are equipped with Internet-connected devices for controlling, automating, and optimizing operations, such as temperature, lighting, security, and entertainment. These devices can be remotely controlled, monitored, and retrieved by a computer, phone, tablet, or a separate system. Smart technologies utilized for connecting gadgets and accessories have made it possible to automatically control the situations in a building.

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According to the report analysis, 'Europe Smart Home Healthcare Market 2020-2030 by Offering (Solutions, Services), Technology (Wireless, Wired), Application (Fall Detection & Prevention, Health Status Monitoring, Safety & Security Monitoring, Memory Aids, Nutrition/Diet Monitoring), and Country: Trend Forecast and Growth Opportunity' states that Europe smart home healthcare market is predicted to develop owing to the progressive augment in healthcare expenditure, growing utilization of IoT-connected smart home healthcare devices, surging prevalence of the chronic diseases along with the proficient growth in geriatric population and developing the preference from the personalized healthcare.

The growth of the global smart home market is principally driven by its augmenting need for energy-saving and low carbon emission-oriented solutions. The Energy efficiency is a crucial aspect in a country's economic growth. Owing to the growing global warming and government stringency and, there has been an augmenting need to decrease the energy consumption and carbon pollution. Smart homes account for a progressive percentage of the world's total energy consumption. According to a survey conducted by the International Energy Agency (IEA), smart buildings consume 42% of the total produced electricity globally. With the growing urbanization in developing countries, the number and size of smart buildings are projected to augment, leading to an augmented demand for energy-efficient building solutions.

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The Europe market for smart home healthcare has been augmenting considerably for the last few years due to the increasing applications of AI based technologies in integration with assisted living and the appearance of advanced healthcare solutions, such as e-health and mHealth. The effective growth in disposable income, escalating implementation of cloud technology in the healthcare setting, and speedily increasing geriatric population are some of the foremost factors that are projected to significantly underwrite to the growth of the market. Additionally, the effective growth in public awareness about advanced and ground-breaking applications of smart home-based wireless sensors, coupled with the augmenting incidence of chronic and lifestyle-related disorders, is projected to propel the growth of the market. Not only has this, as a result of the COVID-19 pandemic, connected health and RPM (remote patient monitoring) have become more common than ever, as these approaches and services enable clinicians to monitor patients without having to come into physical contact, safeguarding the transmission of the novel coronavirus. This is projected to positively impact the market growth during the coming years. Therefore, it is predicted that during the near period the market of smart home healthcare will augment more proficiently over the near future.

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