Global Smart Healthcare Market
is expected to reach USD 225.54 Billion by 2022, according to a new study by
Grand View Research, Inc. Rapid technological advancements in healthcare IT is
expected to remain a key driving factor of the global smart healthcare market
over the forecast period. Growing implementation of inventory management
systems such as RFID KanBan and RFID smart cabinets aimed at curbing inventory
costs and ensure appropriate logistics management is expected to boost the
growth of the smart healthcare market. Development of smart syringes, smart
pills and smart bandages which enable remote monitoring of patients, help in
diagnosing gastrointestinal diseases and infection spread minimization and
remote monitoring of healing processes is expected to strengthen the platform
for future market growth. On the other hand, high capital investments and poor
awareness levels among consumers are some challenges faced by manufacturers.
mHealth is expected to register
the fastest growth of over 40.0% over the forecast period. Key factors likely to drive segment growth
include rapidly increasing incidence rates of chronic diseases, increasing
smart phone penetration rates and heightening need to ensure improved healthcare
outcomes.
In depth research report on Smart Healthcare Market
Further key findings from the study suggest:
·
Electronic health record (EHR)
emerged as the largest product segment in terms of revenue and was estimated at
over USD 19.50 billion in 2014. Implementation of the American Recovery and
Reinvestment Act (ARRA) and HITECH Act is expected to make significant
contributions towards segment growth. Key feature of HITECH Act includes the
provision of USD 64,000 per year to healthcare practitioners adopting EHR
systems.
·
North America was the largest
smart healthcare regional market in 2014. Presence of favorable government
initiatives in the form of HITECH Act providing allowances to healthcare
practitioners is one of the major factors expected to drive regional market
growth. Presence of sophisticated IT infrastructure enabling easy
implementation of advanced healthcare facilities is also expected to boost
market growth over the forecast period.
·
Asia Pacific is expected to
grow at a considerable pace over the forecast period owing to growing
penetration of advanced healthcare facilities and rapidly evolving mobile &
IT infrastructure. Increasing awareness among consumers pertaining to novel
healthcare technologies such as telemedicine, mHealth and EHR is expected to
further complement regional market growth.
·
Key players operating in the
smart healthcare market include Cisco, IBM, Olympus Corp., GE Healthcare,
AT&T Inc., Apple Inc., Samsung Electronics, Logi-Tag, Wurth Group, AirStrip
Technologies Inc., Allscripts Healthcare Solutions Inc., Pepperl+Fuchs and
Given Imaging Inc.
For the purpose of this study,
Grand View Research has segmented the smart healthcare market on the basis of
product, and region:
Global Smart Healthcare Product Outlook (Revenue, USD
Million, 2014 - 2022)
·
RFID KanBan systems
·
RFID smart cabinets
·
Electronic Health Records (EHR)
·
Client-server based
·
Web-based
·
Telemedicine
·
Hardware
·
Connectivity and network
·
Others
·
mHealth
·
Monitoring services
·
Diagnosis services
·
Healthcare systems
·
Others
·
Smart pills
·
Smart syringes
Smart Healthcare
Regional Outlook (Revenue, USD Million, 2014 - 2022)
·
North America
·
U.S.
·
Canada
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
Japan
·
India
·
MEA
·
South Africa
·
Latin America
·
Brazil
·
Mexico
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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