Smart Healthcare Market Hits USD 225.54 Billion By 2022: By Grand View Research, Inc.
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.
Browse full research report on Smart Healthcare Market:
http://www.grandviewresearch.com/industry-analysis/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.
Browse more reports of this category by Grand View research:
http://www.grandviewresearch.com/industry/medical-devices
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
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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