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Smart Healthcare Market Size to Reach $381.22 Billion by 2030, Driven by Rising Adoption of mHealth

08-10-2023 09:40 AM CET | Health & Medicine

Press release from: SNS Insider

Smart Healthcare Market Size to Reach $381.22 Billion by 2030,

The global Smart Healthcare market is projected to reach USD 381.22 Billion by 2030, according to a new report by SNS Insider. The market is expected to grow at a CAGR of 13% from 2022 to 2030, driven by the rising adoption of mHealth, government initiatives to digitize healthcare, and the prevalence of chronic disorders.

Smart Healthcare is the use of digital technology to improve the delivery of healthcare services. This includes the use of electronic health records (EHRs), telemedicine, mHealth, and wearable devices. Smart Healthcare solutions can help to improve patient care, reduce healthcare costs, and improve population health.

Competitive Landscape
The global Smart Healthcare market is highly competitive. The key players in the market include OLYMPUS CORPORATION, Allscripts Healthcare, Cerner Corporation, GENERAL ELECTRIC (U.S.), Cisco Systems Inc., LogiTag Medical Solutions, IBM, Siemens, SAMSUNG, and other players. These players are focusing on developing innovative Smart Healthcare solutions, expanding their geographic reach, and acquiring smaller players to gain a competitive edge.

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Market Segmentation
The global Smart Healthcare market is segmented by Product Type, Application and End User. The EHRs segment is expected to be the largest segment of the market during the forecast period. This is due to the increasing adoption of EHRs in healthcare organizations around the world.

Smart Healthcare Market Segmentation as Follows:

By Product Type
Electronic Health Records
mHealth
Smart Pills and Syringes
Telemedicine
Smart RFID Cabinets

By Application
Inventory Management and Storage
Treatment
Monitoring
Other

By End User
Home Care Settings
Hospitals
Other

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Key Drivers:
The rising adoption of mHealth is one of the key drivers of the Smart Healthcare market. mHealth refers to the use of mobile devices to deliver healthcare services. This includes the use of smartphones, tablets, and wearable devices to provide patients with access to healthcare information and services. mHealth solutions can help to improve patient care by providing patients with the ability to monitor their health, communicate with their healthcare providers, and access healthcare services when they need them.

Government initiatives to digitize healthcare is another driver of the Smart Healthcare market. Governments around the world are investing in digital healthcare solutions to improve the efficiency and effectiveness of their healthcare systems. These initiatives are driving the adoption of EHRs, telemedicine, and other Smart Healthcare solutions.

The prevalence of chronic disorders is also driving the Smart Healthcare market. Chronic diseases such as diabetes, heart disease, and cancer are a major burden on healthcare systems around the world. Smart Healthcare solutions can help to manage these diseases more effectively, which can lead to better patient outcomes and lower healthcare costs.

Regional Analysis
The Asia Pacific region is expected to be the fastest growing market for Smart Healthcare during the forecast period. This is due to the growing population, the rising prevalence of chronic diseases, and the increasing investments in digital healthcare by governments in the region.

Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Market Dynamics
Chapter 4. Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter's 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Smart Healthcare Market Segmentation, By Product Type
Chapter 9 Smart Healthcare Market Segmentation, By Application
Chapter 10 Smart Healthcare Market Segmentation, By End User
Chapter 11 Regional Analysis
Chapter 12 Company profile
Chapter 13 Competitive Landscape
Chapter 14 Use Case and Best Practices
Chapter 15 Conclusion

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Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com/

About US:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
We assist our clients to anticipate industrial, economic, and consumer trends to drive disruptive change by fusing global experience with local information from experts throughout the world. We bring context to strategic and tactical data by bridging approaches based on data science and field research, assisting you in addressing your most pressing problems and spotting possibilities.

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