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Smart Healthcare Market, By Product (RFID Smart Cabinets, RFID Kanban Systems, Telemedicine, EHR, and mHealth), and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

110 Pages | Published Date : 02 / 07 / 18  | Report Code: AV194 | Report Format: PDF

REPORT HIGHLIGHT

The Smart Healthcare market is estimated to represent a global market of USD 73.8 billion by 2017 with growth rate of 19.8%.

Market Dynamics

Acceptance of advanced digital and mobile technologies has created the scope for smart solutions in the medical industry for effective diagnosis of various chronic disease conditions. Smart healthcare does not only cure the diseases but also confront it at the right time. Incorporation of the Internet of Things (IoT) and sensor technologies in medical products has opened up the way for patients to store the health data and analyzed by professionals for better disease diagnosis and outcome. For example, smart wearable devices are the equipment that patients can use them to assess their fitness regime and health status without any professional guidance.

The industry is defined as the holistic approach in a medical field that can integrate, analyzed and share health information in real time. This unified healthcare system also enable patients to collect data for analysis and research practices. Medical technology plays a strategic role in fostering the change of healthcare delivery towards smart solutions. The market is also benefitting from the growing need for reducing operational cost among physicians and patient population. Other factors such as aging population, favorable reimbursement schemes, and rising number of companies investing in this industry, anticipating a better grip on the market. The global industry could be risked by the low penetration of it in developing regions such as the Middle East and Africa.

Product Takeaway

Product-wise, the market has been bifurcated into RFID Smart Cabinets, RFID Kanban Systems, Telemedicine, Electronic Health Records (EHR), mHealth, and others. Of these, EHR emerged as one of the highest revenue generating products segment in 2017 with over 30% revenue share. As per the statement released by the Office of the National Coordinator for Health Information Technology, EHR provides a secure and strong platform to the healthcare providers for sharing accurate and complete health information. Through this, physicians enable to provide best possible care to the patients, whether during a routine medical checkup or a medical emergency.

Global Smart Healthcare Market, by Products, 2017 (% Share)

Regional Takeaway

Geography-wise, North America is expected to generate a potent chunk of demand, which is a reflection of the high adoption rate of new medical technologies in the U.S. Asia Pacific countries such as China and India display substantial demand for smart healthcare mainly for disease diagnosis purpose. Due to this fact, several key players are partnering with government and private hospital facilities to reach out to the masses through affordable healthcare. For instance, in March 2018, Samsung launched the Smart Healthcare Citizenship Initiative in India (at King George Hospital in Visakhapatnam). The company is aimed to provide quality and affordable healthcare solutions through such initiatives.

Key Vendor Takeaway

The industry demonstrates a fragmented and competitive nature due to the presence of various key players. Some of the leading companies present in this market include Olympus Corporation, Stanley Innerspace, GE, Siemens, and Samsung. By investing in the smart healthcare systems, these companies aim to create a competitive edge in the medical industry. The market is mainly controlled by well-established key players even though the share of small-scale players is noticeable too. It is noted that companies are concentrating on providing advanced and cost-effective solutions to the end-users to capture the untapped market.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

  • RFID Smart Cabinets
  • RFID Kanban Systems
  • Telemedicine
  • Electronic Health Records (EHR)
  • mHealth
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America
TABLE OF CONTENT

1. SMART HEALTHCARE MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. SMART HEALTHCARE KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. SMART HEALTHCARE INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. SMART HEALTHCARE MARKET LANDSCAPE
5.1. Market Share Analysis
6. SMART HEALTHCARE MARKET – BY PRODUCT
6.1. Overview
6.2. RFID Smart Cabinets
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. RFID Kanban Systems
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Telemedicine
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Electronic Health Records (EHR)
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.6. mHealth
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.7. Others
6.7.1. Overview
6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. SMART HEALTHCARE MARKET– BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.3. U.S.
7.2.3.1. Overview
7.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.2.4. Canada
7.2.4.1. Overview
7.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Europe
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.3. France
7.3.3.1. Overview
7.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.4. Germany
7.3.4.1. Overview
7.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3.5. Rest of Europe
7.3.5.1. Overview
7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Asia Pacific (APAC)
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.3. China
7.4.3.1. Overview
7.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.4. India
7.4.4.1. Overview
7.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4.5. Rest of APAC
7.4.5.1. Overview
7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Rest of the World
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.3. Latin America
7.5.3.1. Overview
7.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5.4. Middle East and Africa
7.5.4.1. Overview
7.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. KEY VENDOR ANALYSIS
8.1. Olympus Corporation
8.1.1. Company Overview
8.1.2. SWOT Analysis
8.1.3. Key Developments
8.2. Stanley Innerspace
8.2.1. Company Overview
8.2.2. SWOT Analysis
8.2.3. Key Developments
8.3. GE Healthcare
8.3.1. Company Overview
8.3.2. SWOT Analysis
8.3.3. Key Developments
8.4. Siemens AG
8.4.1. Company Overview
8.4.2. SWOT Analysis
8.4.3. Key Developments
8.5. Samsung
8.5.1. Company Overview
8.5.2. SWOT Analysis
8.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. Abbreviations
10.3. Disclaimer
10.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Smart healthcare Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Smart healthcare Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Smart healthcare Market, by Geography, 2014 – 2025 (USD Billion)
Table 12 North America Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 13 U.S. Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 14 Canada Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 15 Europe Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 16 France Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 17 Germany Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 18 Asia Pacific Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 19 China Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 20 India Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 21 Latin America Smart healthcare Market, 2014 – 2025 (USD Billion)
Table 22 MEA Smart healthcare Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Smart healthcare Market, by Product, 2014 – 2025 (USD Billion)
Figure 6 Smart healthcare Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• In-depth analysis of the key market dynamics
• Granular analysis of the current market scenario and expected factors to affect the market
• Detailed analysis of the geographic region, regional and county wise analysis
• Highlight on the strategies that are being adopted by the key players in this market to stay competitive
• Extensive analysis of the key players dominating the market

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Once the information is collected, and the forecasts are determined, we provide a clear written analysis of the market conditions. This includes detailed information on market segments regarding market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology upgradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From a research perspective, this information explains and substantiates estimated data finding and forecast which helps us to improve the accuracy of the final report. This helps our clients to make better business decisions as they possess all the market information they require.

Assumptions

  • The report provides the market in terms of USD million/billion at regional as well as country level
  • We have implemented a mixture of top-down and bottom-up approach to estimate the total market and market for an individual segment
  • We reviewed various publications from government and non-government organizations, analyst perspectives for different regions from the paid databases available to us
  • This data helped us extract historical data and market scenario for various countries
  • The total population of respective countries, end users, product demand, local presence of key players, and cost are considered to analyze market revenue
  • Fundamental industry dynamics, demand-supply ratio, and upcoming technological trends are considered for the forecast period.
  • Growth rates are estimated using correlation, regression, and time-series analysis
  • All market estimates and forecasts have been validated through exhaustive primary research with key industry participants and analyst perspectives

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