Market Overview:
The global smart healthcare market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into RFID kanban systems, RFID smart cabinets, electronic health record (EHR), telemedicine, Mhealth, smart pills and smart syringes. The RFID kanban systems segment is expected to grow at a CAGR of 17% during the forecast period from 2018 to 2030. On the basis of application, the hospital segment dominates this market with a share of more than 50%.
Product Definition:
The definition of Smart Healthcare is the use of technology to improve the quality and efficiency of healthcare. The importance of Smart Healthcare is that it can help improve patient outcomes, reduce costs, and make the health system more efficient.
RFID KanBan Systems:
RFID kanban systems are used in hospitals to manage the flow of work in process (WIP) inventory. The system is named after the Japanese word for board or queue, which is used to describe a visual display of workflow on a wall or screen. RFID kanban system uses Radio Frequency Identification Device (RFID) tags, which are attached to tools and materials as they move through the supply chain and into production areas.
RFID Smart Cabinets:
RFID smart cabinets are used in the healthcare industry for inventory management. These RFID enabled cabinets have a barcode scanner, which helps in automatic identification and tracking of medical devices including pharmaceutical products, instruments, and other accessories. The increasing demand for inventory control coupled with rising need to curb healthcare costs is expected to drive the market growth over the forecast period.
Application Insights:
The hospital segment dominated the global smart healthcare market in 2017 and is expected to maintain its dominance over the forecast period. The growing volume of patients and increasing complexity of their conditions require a high level of monitoring, which can be achieved through advanced technology. RFID systems help in tracking patient¢â‚¬â„¢s condition, movements inside a hospital premises, and identifying duplicate admissions or discharge records across different departments within a hospital. These systems also help avoid unnecessary treatments by reducing human errors during medication or procedures administration.
These technologies also aid in reducing medical waste by automating drug stock control, inventory management as well as eliminating counterfeit drugs circulation through unique product identification codes embedded into each drug container or vial.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments by governments in developing healthcare IT infrastructure and growing adoption of smart pills, smart hospitals, telemedicine, mHealth and EHR systems. Moreover, rising number of product launches is also anticipated to drive growth over the next eight years. For instance, In January 2018; iCliniQ launched a new cloud-based platform for physicians that helps them deliver high-quality care while reducing costs and administrative burden associated with maintaining an electronic medical record (EMR).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching 1.6 billion by 2020. This will create a large pool of patients with multiple chronic diseases, which will drive the demand for smart healthcare solutions that can help manage and monitor these conditions effectively.
- Rising prevalence of lifestyle-related diseases: There has been a significant rise in the incidence of lifestyle-related diseases such as obesity, diabetes, and heart disease in recent years. This is primarily due to changing lifestyles and dietary habits among people across the world. Smart healthcare solutions that can help track and monitor these conditions effectively will be in high demand in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Healthcare Market Research Report
By Type
RFID KanBan Systems, RFID Smart Cabinets, Electronic Health Record (EHR), Telemedicine, MHealth, Smart Pills, Smart Syringes
By Application
Hospital, Clinic, Others
By Companies
NEC, IEI, Hitachi, AirStrip Technologies, Apple, Siemens Medical Solutions, Solstice Medical LLC, AT&T, Cisco, IBM, Wurth Group, Datacentrix, Wonders Information, Apple, AT&T
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Smart Healthcare Market Report Segments:
The global Smart Healthcare market is segmented on the basis of:
Types
RFID KanBan Systems, RFID Smart Cabinets, Electronic Health Record (EHR), Telemedicine, MHealth, Smart Pills, Smart Syringes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NEC
- IEI
- Hitachi
- AirStrip Technologies
- Apple
- Siemens Medical Solutions
- Solstice Medical LLC
- AT&T
- Cisco
- IBM
- Wurth Group
- Datacentrix
- Wonders Information
- Apple
- AT&T
Highlights of The Smart Healthcare Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RFID KanBan Systems
- RFID Smart Cabinets
- Electronic Health Record (EHR)
- Telemedicine
- MHealth
- Smart Pills
- Smart Syringes
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Healthcare is a term used to describe the use of technology in healthcare. It can refer to anything from using mobile apps to track patients' health data, to using artificial intelligence (AI) and machine learning algorithms for diagnosis and treatment.
Some of the key players operating in the smart healthcare market are NEC, IEI, Hitachi, AirStrip Technologies, Apple, Siemens Medical Solutions, Solstice Medical LLC, AT&T, Cisco, IBM, Wurth Group, Datacentrix, Wonders Information, Apple, AT&T.
The smart healthcare market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Healthcare Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Healthcare Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Healthcare Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Healthcare Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Healthcare Market Size & Forecast, 2018-2028
4.5.1 Smart Healthcare Market Size and Y-o-Y Growth
4.5.2 Smart Healthcare Market Absolute $ Opportunity
Chapter 5 Global Smart Healthcare Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Healthcare Market Size Forecast by Type
5.2.1 RFID KanBan Systems
5.2.2 RFID Smart Cabinets
5.2.3 Electronic Health Record (EHR)
5.2.4 Telemedicine
5.2.5 MHealth
5.2.6 Smart Pills
5.2.7 Smart Syringes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Healthcare Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Healthcare Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Healthcare Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Healthcare Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Healthcare Analysis and Forecast
9.1 Introduction
9.2 North America Smart Healthcare Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Healthcare Market Size Forecast by Type
9.6.1 RFID KanBan Systems
9.6.2 RFID Smart Cabinets
9.6.3 Electronic Health Record (EHR)
9.6.4 Telemedicine
9.6.5 MHealth
9.6.6 Smart Pills
9.6.7 Smart Syringes
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Healthcare Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Healthcare Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Healthcare Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Healthcare Market Size Forecast by Type
10.6.1 RFID KanBan Systems
10.6.2 RFID Smart Cabinets
10.6.3 Electronic Health Record (EHR)
10.6.4 Telemedicine
10.6.5 MHealth
10.6.6 Smart Pills
10.6.7 Smart Syringes
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Healthcare Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Healthcare Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Healthcare Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Healthcare Market Size Forecast by Type
11.6.1 RFID KanBan Systems
11.6.2 RFID Smart Cabinets
11.6.3 Electronic Health Record (EHR)
11.6.4 Telemedicine
11.6.5 MHealth
11.6.6 Smart Pills
11.6.7 Smart Syringes
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Healthcare Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Healthcare Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Healthcare Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Healthcare Market Size Forecast by Type
12.6.1 RFID KanBan Systems
12.6.2 RFID Smart Cabinets
12.6.3 Electronic Health Record (EHR)
12.6.4 Telemedicine
12.6.5 MHealth
12.6.6 Smart Pills
12.6.7 Smart Syringes
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Healthcare Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Healthcare Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Healthcare Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Healthcare Market Size Forecast by Type
13.6.1 RFID KanBan Systems
13.6.2 RFID Smart Cabinets
13.6.3 Electronic Health Record (EHR)
13.6.4 Telemedicine
13.6.5 MHealth
13.6.6 Smart Pills
13.6.7 Smart Syringes
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Healthcare Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Healthcare Market: Competitive Dashboard
14.2 Global Smart Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NEC
14.3.2 IEI
14.3.3 Hitachi
14.3.4 AirStrip Technologies
14.3.5 Apple
14.3.6 Siemens Medical Solutions
14.3.7 Solstice Medical LLC
14.3.8 AT&T
14.3.9 Cisco
14.3.10 IBM
14.3.11 Wurth Group
14.3.12 Datacentrix
14.3.13 Wonders Information
14.3.14 Apple
14.3.15 AT&T
