Smart Healthcare Market Size, Share, Trends, Industry Overview, Top Players-OLYMPUS CORPORATION, Allscripts Healthcare, Cerner Corporation

Smart Healthcare Market Report Size, Scope & Overview :
The SNS Insider report indicates that the Smart Healthcare Smart Healthcare Market was valued at USD 143.4 Billion in 2022, and is expected to reach market size of USD 381.22 Billion by 2030, with a compound annual growth rate (CAGR) of 13% expected over the forecast period from 2023 to 2030.
Based on SNS Insider's research, monitoring of patients' health and collecting data that can enhance their outcomes is being carried out with the use of sensor enabled devices as well as additional Internet of Things technologies. Monitoring of adherence to the drug and detection of potential health problems before they become serious may also be carried out by these devices.

Health care integrating a new generation of information technology, which has led to the emergence of an intelligent healthcare system. It shall be defined as a healthcare system enabling patients and doctors to communicate and exchange information remotely via the Internet of Things, which shall be monitored, collected and analysed from patients' daily activities. Smart healthcare is an all-around, multilevel shift. Smart healthcare involves more than one participant, such as doctors and patients, hospitals or research institutes.

Key Players :
-OLYMPUS CORPORATION
-Allscripts Healthcare
-Cerner Corporation
-GENERAL ELECTRIC (U.S.)
-Cisco Systems Inc
-LogiTag Medical Solutions
-IBM
-Siemens
-SAMSUNG
-other players.

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Smart Healthcare Market Growth Factors :
Increasing demand for personalised healthcare
Patients are increasingly demanding individualised medical solutions that meet their individual needs. The tools needed for the provision of personalised care and improved outcomes in patients are now available to healthcare providers through smart technologies, e.g. wearable devices, health apps or remote medical monitoring systems.

Segmentation Analysis in Smart Healthcare Market :
The mHealth segment has a 34% market share, based on product type analysis. The growth is driven by the adoption of mHealth applications and an increasing number of users on the Internet. In addition, there is a positive impact on the market for wearable devices such as Apple's Fitbit and MI. Supply chain management, automation, real-time intelligence and asset tracking are key trends that have driven RFID adoption.

The storage and inventory management segment has a 29% market share by application analysis. A good way to manage healthcare supplies, inventory and equipment is the use of intelligent health technology. An example of intelligent healthcare technology that can be used by hospitals to monitor their health equipment and supplies is RFID Frequency Identification Technology. Monitoring of patients' health and wellbeing is possible with the use of smart healthcare technologies.

Key Market Segmentation :
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

Key Regional Development in Smart Healthcare Market :
North America is the dominant region in this area with a 36% market share. Increasing smartphone penetration, improved internet connectivity, and increased IT spending in the healthcare sector, as well as growing digital literacy, are driving the growth of the healthcare market. In order to improve the care of patients and at the same time reduce health costs, North America's healthcare sector is rapidly adopting and deploying IT services.

The smart healthcare market in the Asia Pacific is expected to grow at a robust rate during the forecast period. The development of health information technology infrastructure and growing investments in smart healthcare present significant opportunities for countries such as Japan, Australia or India. The adoption of digital healthcare solutions, such as health services, is expected to be driven by an increase in the number of government digitalization programmes in emerging economies like China and India.

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Key Takeaway from Smart Healthcare Market Study :
The most profitable segments during the forecast period are expected to be mHealth and healthcare. Revenue growth in the mHealth market has increased as a result of the usefulness and accessibility of mobile devices.
The highest revenue share is expected to be held by the North American market in the forecast period. Market revenue growth will be driven by the increasing incidence of diseases in this area, as well as increased demand for advanced healthcare facilities and services.

Recent Development Related to Smart Healthcare Market :
-In April 2023, Microsoft's new healthcare platform, Azure, has been launched. This platform provides healthcare organizations with a cloud-based solution for the storage and analysis of health data.

-In May 2023, In San Diego, Johnson & Johnson announced the opening of its new advanced hospital. In order to increase the efficiency and security of healthcare delivery, the hospital is using technology.

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Table of Contents
1.Introduction
2.Research Methodology
3.Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4.Impact Analysis
5.Value Chain Analysis
6.Porter's 5 forces model
7.PEST Analysis
8.Smart Healthcare Market Segmentation, By Product Type
9.Smart Healthcare Market Segmentation, By Application
10.Smart Healthcare Market Segmentation, By End User
11.Regional Analysis
12.Company Profiles
13.Competitive Landscape
14.Conclusion

Akash Anand - Head of Business Development & Strategy,
Info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND),
Website: https://www.snsinsider.com/
Read our  other Healthcare Related Report

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