openPR Logo
Press release

Smart Healthcare Products Market - Positive long-term growth outlook 2023

04-25-2017 03:06 PM CET | Health & Medicine

Press release from: Transparency Market Research

Smart Healthcare Products Market

Smart Healthcare Products Market

The scope of product differentiation in the global market for smart healthcare products is quite high and therefore allows multiple players to be in the lead across various product segments. For instance, in 2014, Epic Systems Corporation and Allscripts Healthcare Solutions were at the top of the e-health records charts, Medtronic and Olympus Corporation led the smart pills sales, while Becton Dickinson & Company and Medtronic again were at the forefront in smart syringes.

As per a recent release by Transparency Market Research on smart healthcare products, the key players of this global market – regardless of their priority products segment - have all shown great interest in consolidation efforts. They have focused on creating fruitful partnerships and acting on several mergers and acquisitions over the past few years.

The global market for smart healthcare products is expected to expand at a CAGR of 8.84% from 2015 to 2023 with respect to the revenue. It is expected to be valued at US$31.71 bn before the end of 2016 and US$57.85 bn by 2023.

Smart pills are showing a humongous increase in demand and are likely to continue doing so till 2023. Smart pills are projected at a very promising CAGR 18.84% from 2015 to 2023. Meanwhile, electronic health records are expected to remain the dominant smart healthcare product segment till 2023 when it is expected to accrue a revenue of US$39.61 bn. In terms of smart healthcare product applications, health data storage and exchange as a segment is expected to generate US$39.73 bn by 2023, thus remaining the dominant application segment till then.

Read Full Report: http://www.transparencymarketresearch.com/smart-healthcare-products-market.html

The sheer demand for smart healthcare products in North America is expected to keep this region at the top of the charts till 2023. By the end of 2023, North America is expected to gather US$21.09 bn in smart healthcare product revenue. This is attributed to the large number of incoming small and medium-sized enterprises, along with constant market consolidation efforts by the more prominent players.

Meanwhile, Asia Pacific is expected to show a robust CAGR of 9.77% from 2015 to 2023 owing to a quickly evolving healthcare industry on a digital scale. The digitization of the Asia Pacific healthcare industry is supported by both private and government organizations, allowing for a high scope of entry for local as well as globally prominent smart healthcare product manufacturers.

“The IoT revolution has already caught up with the global smart healthcare products market and is creating a vast scope of applications in the market through the use of advanced sensors and machine communication technologies. The implementation of the latest IoT technologies is allowing manufacturers of healthcare hardware and medical equipment to produce and store medical records at rates much faster than before,” states a TMR analyst.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9437

The scope of application of IoT in smart healthcare products is extremely high and can only be revealed through constant development efforts. A lot of top healthcare organizations are already using measuring and monitoring devices that are remotely controlled to provide astute critical care to patients. Medical personnel can access the recorded information at any time from relevant connected devices and across multiple device platforms, thus increasing the patient’s chances of recovery vastly.

Among the few restraints on the growth of smart healthcare products on a global scale, two key factors that lie in its path are cost and safety. A large number of smart healthcare products are very high in cost, making them inaccessible for patients from several developing economies. The cost of implementing smart healthcare products is also quite high for healthcare organizations as well, as the growing use of cutting-edge smart tools requires a greater number of skilled labor, which is currently short in supply on a global level. Several studies have also posited that the use of smart healthcare products by small healthcare organizations or individual medical practitioners can actually be detrimental to their financial situation rather than make things smoother and cost-effective. At the moment, most large-scale implementations are therefore restricted to large healthcare organizations.

“The healthcare sector is not completely immune to market volatility, but can still show a constant rate of improvement especially in developing economies. Manufacturers of smart healthcare products can look to these regions for better chances while the spending in their healthcare industries increases steadily,” adds the analyst.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

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 Smart Healthcare Products Market - Positive long-term growth outlook 2023 here

News-ID: 513446 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


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
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
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as