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Smart Home Healthcare Market- Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Smart Home Healthcare Market: By Technology (Wired, Wireless); Products:( Testing, Screening and Monitoring Products, Therapeutic Products, Mobile Care Products); Service: (Skilled Nursing Services, Rehabilitation Therapy Services, Hospice and Palliative Care Services, Unskilled Care Services, Respiratory Therapy Services, Infusion Therapy Services, Pregnancy Care Services); Application: Fall Prevention and Detection, Health Status Monitoring, Nutrition or Diet Monitoring, Memory Aids); Indication: (Indication, Respiratory Diseases, Pregnancy, Mobility Disorders, Hearing Disorders, Cancer, Wound Care), and By Region - Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2023-2031

  • Published Date: 17-Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0423436
    Delivery: 2 to 4 Hours
Smart Home Healthcare Market

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Report AttributeDetails
Market Size Value in 2022US$ 18.8 Million
Expected Revenue in 2031US$ 129.7 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
Segments coveredBy Technology, By Products, By Service, By Application, By Indication, By Region
Key Companies                                                                                            Apple Inc., AT&T Inc., BSH Home Appliances Group, Companion Medical, E & A Engineering Solutions Private Limited, F. Hoffmann-La Roche Ltd, Fitbit Inc., General Electric Company, Health Care Originals., Koninklijke Philips N.V., Kul Systems, Medical Guardian LLC, Medtronic, Qualcomm Technologies, Inc., Resideo Technologies, Inc., Samsung Electronics Co. Ltd., Other Prominent Players
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The smart home healthcare market has been estimated to be valued from USD 18,897.2 million in 2022 to USD 1,29,777.4 million by 2031.

The demand for the smart home healthcare market is anticipated to grow at a CAGR of 24.3% during the forecast period 2023-2031.

The rising focus on telehealth is creating an opportunity for market expansion.

Key drivers expanding the smart home healthcare market includes the rising incidence of chronic disease and the growth of IoT in healthcare.

Limited insurance coverage and concerns regarding data privacy and security is hampering the market.

Among the wired and wireless technology, the wireless market is expected to witness the highest CAGR during the forecast period, owing to the ease of handling wireless devices and monitoring data digitally.

Skilled nursing services held the largest market share in the smart home healthcare market service segment in 2022.

Health Status Monitoring holds the largest and highest market share in the smart home healthcare market application segment.

The market growth in the North American area is anticipated to be driven by technological advancement in smart home healthcare techniques and the presence of key and robust infrastructure in the region.

Advancements in wearable healthcare devices and rapid growth of smart living and smart cities are some of the recent trends for market expansion.

Key players in the smart home healthcare market include competitors such as Apple Inc., AT&T Inc., BSH Home Appliances Group, Companion Medical, E & A Engineering Solutions Private Limited, F. Hoffmann-La Roche Ltd, Fitbit Inc., and General Electric Company among others.