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
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)
