Smart Healthcare Market Is Predicted To Reach 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.
Global Smart Healthcare Market, by product, 2014 - 2022 (USD Billion) |
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: www.grandviewresearch.com/industry-analysis/smart-healthcare-market
Further key
findings from the report 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: www.grandviewresearch.com/industry/medical-devices
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
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-smart-healthcare-market
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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