Press release
Top Factor Driving Smart Home Healthcare Market Growth in 2025: Rising Chronic Disease Burden Drives Growth In Smart Home Healthcare Market
Smart Home Healthcare Market Growth
The escalating prevalence of chronic diseases is projected to stimulate the expansion of the smart home healthcare market. Factors such as aging populations, inactive lifestyles, unhealthy eating habits, and ecological impacts fuel the increasing incidence of chronic illnesses. With its ability to offer real-time monitoring and personalised management, smart home healthcare plays a pivotal role in serving patients suffering from chronic diseases, thereby fostering their health outcomes and adherence to the treatment. For instance, data from the Australian Institute of Health and Welfare in June 2024, a government agency based in Australia, revealed that nearly 15.4 million individuals, which equates to 61% of the population, were grappling with at least one of the designated persistent health conditions in 2022. In that year, chronic ailments accounted for 171,500 fatalities, signifying 90% of all deaths and equating to a fatality rate of 659 per 100,000 individuals. Thus, the swelling burden of chronic diseases fuels the development of the smart home healthcare market.
Get Your Smart Home Healthcare Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-home-healthcare-global-market-report
What is the projected compound annual growth rate (CAGR) of the smart home healthcare market from 2025 to 2034, and what factors influence it?
The scale of the smart home healthcare market has seen considerable expansion in the past few years. The market size is projected to increase from $22.08 billion in 2024 to $28.61 billion in 2025, with a compound annual growth rate (CAGR) of 29.6%. The substantial growth witnessed during the previous period is largely due to factors such as an aging demographic, escalating healthcare expenses, growing public awareness, several governmental programs and benefits, and financial support for digital health applications.
The smart home healthcare market is predicted to experience substantial growth in the upcoming years, with its value expected to enhance to $80.08 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 29.3%. The rise in this period can be attributed to factors like the increasing incidence of chronic diseases, comfort and convenience, an increase in disposable income, personalized healthcare, and superior healthcare management. Major trends driving this growth during the projected period are the integration of technology, escalated usage of IoT devices, the embrace of telehealth services, health-focused smart devices, and improved data security and privacy measures.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19701&type=smp
How are the latest trends influencing the growth of the smart home healthcare market?
Key players within the smart home healthcare marketplace are prioritizing the development of cutting-edge solutions such as smart monitoring systems. These initiatives aim to enhance care and optimize patient results via wirelessly and live monitoring of essential signs. These smart monitoring systems use superior technology like artificial intelligence, machine learning, and Internet of Things (IoT) appliances, to gather and decipher data from multiple sensors and gadgets. For instance, in April 2023, LifeSigns, a remote patient monitoring solution specialist based in India, introduced Continuum Care. This system enables real-time remote patient supervision, independent of the patient's geographical location. Utilizing wearable biosensors and cloud-operated analytics, it can track up to eight vital signs, including ECG, blood pressure, SpO2, and temperature. The Continuum Care system's versatility allows it to be personalized to meet unique healthcare needs and is suitable for uses in ambulances, hospitals, and homes, guaranteeing uninterrupted care and enhanced patient results.
What are the major segments of the smart home healthcare market and their role in driving growth?
The smart home healthcaremarket covered in this report is segmented -
1) By Product: Smart Glucose Monitoring System, Medical Device Alert Systems, Smart Cardiac Monitoring System, Other Products
2) By Service: Skilled Nursing Services, Rehabilitation Therapy Services, Hospice And Palliative Care Services, Unskilled Care Services, Respiratory Therapy Services, Infusion Therapy Services, Pregnancy Care Services
3) By Technology: Wired, Wireless
4) By Indication: Diabetes, Respiratory Diseases, Pregnancy, Mobility Disorders, Hearing Disorders, Cancer, Wound Care
5) By Application: Fall Prevention And Detection, Health Status Monitoring, Nutrition Or Diet Monitoring, Memory Aids
Subsegments:
1) By Smart Glucose Monitoring System: Continuous Glucose Monitors (CGMs), Smart Glucose Meters, Mobile Apps For Glucose Tracking, Integrated Diabetes Management Systems
2) By Medical Device Alert Systems: Fall Detection Systems, Medication Reminder Systems, Emergency Alert Systems, Wearable Alert Devices
3) By Smart Cardiac Monitoring System: Remote Cardiac Monitoring Devices, Smart ECG Monitors, Wearable Heart Rate Monitors, Mobile Cardiac Telemetry Systems
4) By Other Products: Smart Blood Pressure Monitors, Smart Thermometers, Remote Patient Monitoring Systems, Health Management Apps, Smart Health Hubs
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19701
What regions are leading the charge in the smart home healthcare market?
North America was the largest region in the smart home healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart home healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the smart home healthcare market?
Major companies operating in the smart home healthcare market are Apple Inc., Samsung Electronics Co. Ltd., AT&T Inc., GE Healthcare, Honeywell International Inc., F. Hoffmann-La Roche Ltd, Medtronic Plc, Koninklijke Philips N.V., Boston Scientific Corp, Fitbit Inc., Companion Medical, Connect America, Tunstall Group, Medical Guardian LLC, Withings, VitalConnect, Nureca Limited, Qure4u Inc., Sunfox Technologies Pvt. Ltd., Agatsa Software Pvt. Ltd., Bay Alarm Medical, Health Care Originals, MariCare, Murata Vios Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=19701&type=smp
What Is Covered In The Smart Home Healthcare Global Market Report?
•Market Size Forecast: Examine the smart home healthcare market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart home healthcare market for a structured understanding.
•Key Players Overview: Analyze major players in the smart home healthcare market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart home healthcare market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart home healthcare market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart home healthcare market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart home healthcare market.
•Competitive Landscape: Review strategic developments in the smart home healthcare market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Top Factor Driving Smart Home Healthcare Market Growth in 2025: Rising Chronic Disease Burden Drives Growth In Smart Home Healthcare Market here
News-ID: 3943303 • Views: …
More Releases from The Business Research Company
Global Dermal Regeneration Market Expansion at 8.9% CAGR, Valued at $2.52 Billio …
"Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Dermal Regeneration Market Size Forecast for 2025?
In recent years, the market size of dermal regeneration has significantly expanded. Its growth is set to continue, moving from a market value of $1.64 billion in 2024, surging to $1.79 billion in 2025, indicating a Compound Annual Growth Rate…
Dental Emergency Kit Market Expansion Outlook: $1.74 Billion in 2029
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Dental Emergency Kit Market from 2024 to 2025?
In recent times, the dental emergency kit market has seen significant growth. Projected growth rates suggest an increase from $1.18 billion in 2024 to $1.28 billion in 2025, manifesting a compound annual growth rate (CAGR) of 8.2%.…
Cryopreservation Equipment Industry Growth Outlook: 15.4% CAGR and $19.55 Billio …
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Cryopreservation Equipment Market Size 2025?
The expansion of the cryopreservation equipment market has been significant in recent years. The market which is expected to escalate from $9.52 billion in 2024 to $11.01 billion in 2025, will do so with a compound annual growth rate…
Connected Wearable Patches Industry to Achieve $10.78 Billion Growth by 2029
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Connected Wearable Patches Market Grow by 2025 in Terms of Size and Growth?
The market size for connected wearable patches has seen significant expansion in the most recent years. With an expected rise from $5.62 billion in 2024 to $6.42 billion in 2025, representing a compound annual growth rate…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
