Smart Healthcare Market Worth US$ 78.8 Billion - UnivDatos Industry Analysis- by Size, Share, Growth, Trends, and Forecast 2021-2027
Research report presented by UnivDatos, Emphasis on
Type [Electronic Health Record (EHR), RFID Systems, Smart Pill, Smart Syringes,
Others), Application (Health Data Storage and Exchange, Monitoring and
Treatment, Inventory Management), End-User (Hospitals, Home Care Settings,
Others) and Geographical analysis (key regions and countries).
As per the research report, Global
Smart Healthcare Technologies
and Products Market is expected to reach the market
valuation of US$ 78.8 Billion by 2027 expanding at a reasonable CAGR of 7.15%
during the forecast period (2021-2027) from US$ 40.5 Billion in 2019. With technological advancements and scientific theories,
traditional medicine, which includes biotechnology as a central component, has
gradually turned into digitization. In addition, smart healthcare employs a new
wave of information technology. Smart healthcare is more than just a minor
technical development or a multi-level change; it is also all-encompassing. This
change is embodied in the following: informatization construction changes (from
clinical in formalization to regional medical informatization), medical model
changes (from disease-centered to patient-centered care), changes in medical
management (from general management to personalized management), and
alternation in the methods for disease diagnosis & prevention and treatment
(from focusing on disease treatment to focusing on preventive healthcare). These
changes in healthcare technology, along with the growing introduction of smart
healthcare systems, are aimed at addressing people's needs and improving the
quality of primary care facilities, which significantly enhances the medical
and health-care experience, and reflect modern medicine's future growth path.
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Smart healthcare innovations are the incorporation of smart
technology into all aspects of healthcare, radically altering how businesses
function and bring value to stakeholders. It has an impact on all aspects of
society, including the economy. These solutions also provide policymakers and
consumers the ability to enhance healthcare quality by enhancing patient
privacy and ensuring a stable network. The rising prevalence of chronic
diseases in both developed and emerging economies would drive global demand for
smart healthcare technology and products. According to the World Health
Organization (WHO), 17.9 million people died from cardiovascular disorders
(CVDs) in 2016, and the American Diabetes Association estimates that 34.2
million Americans have diabetes. Organizations are gradually recognising that
they must provide more than just treatment; they must also provide an
experience. Today, a growing array of goods ingest and produce data, and all of
them are linked together using smart technology. Smart innovations are driving
large-scale and widespread innovation across all phases of healthcare services,
creating incomparable prospects for value capturing and development but still
posing a significant challenge. The healthcare system is being reshaped by dramatic
developments in smart healthcare technologies.
Insights Presented in the Report
“Electronic health record segment dominated the product segment of Smart Healthcare Market”
The
market is divided into electronic health records, RFID systems, smart pills,
smart syringes, and other categories based on form. Due to the growing
introduction of electronic health records, which includes the need for patient
records such as patient's medical history, diagnoses, medications, treatment
plans, immunization dates, allergies, radiology images, and laboratory and test
results, electronic health record dominated the market with a share of 68.4
percent in 2019 and is projected to retain its dominance throughout the
forecast era.
For a detailed analysis of the applications in the Smart
Healthcare Market browse
through - https://univdatos.com/report/global-smart-healthcare-technologies-and-products-market-current-analysis-and-forecast-2020-2027
“Health Data Storage and Exchange application is expected to dominate
the market during the analyzed period”
The
industry is divided into three segments based on application: health data
collection and sharing, monitoring and treatment, and inventory management. The
collection and sharing of health data accounted for 70.5 percent of industry
sales in 2019. The smart healthcare
technology and products market is currently dominated by health data
collection and sharing, which enables physicians, pharmacists, nurses,
healthcare professionals, and patients to easily view and communicate a
patient's critical medical records electronically, thus increasing the speed,
efficiency, protection, and cost of patient care.
“Amongst End User, Hospitals are expected to dominate the market during
the analyzed period”
The
industry is divided into hospitals, home care settings, and others based on
end-user segmentation. Hospitals had the largest market share of 73.8 percent
in 2019 and are projected to continue to be the leading sector of the smart
healthcare technology and products market over the forecast period as it
decreases the amount of time patients have to spend in a clinic, allowing
hospitals to treat more patients with less room and money. In a healthcare organisation,
automation often reduces the number of doctors available per patient.
“North America represents one of the largest markets of Smart Healthcare
Technologies and Products market”
A
systematic research was performed for various regions around the globe,
including North America (United States, Canada, and Rest of North America), Europe
(Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific
(China, Japan, India, Australia, and Rest of APAC), and the Rest of the World,
to gain a greater understanding of the market conditions of smart healthcare
technology and products. Because of the increased introduction of Smart Healthcare Technology and
the increased emphasis on emerging technologies in order to improve healthcare
facilities in the country, North America led the industry and delivered revenue
of US$ 16.3 billion in 2019.
Customization Options:
The Smart Healthcare Market can further
be customized as per the requirement or any other market segment. Besides this,
UMI understands that you may have your own business needs, hence feel free to
connect with us to get a report that completely suits your requirements.
Table of Contents
1 Market
Introduction
2 Research
Methodology or Assumption
3 Industry
Performance
4 Executive
Summary
5 Market
Overview
6 Legal &
Regulatory Framework
7 Demand and
Supply Side Analysis
8 Value Chain
Analysis
9 Market
Insights by Type
10 Market
Insights by Application
11 Market
Insights by End-User
12 Market
Insights by Region
13 Competitive
Scenario - IBM Corporation, Allscripts Healthcare Solutions,
Inc., eClinicalWorks, Medtronic, Olympus Corporation, Terumo Corporation,
Cerner Corporation, General Electric Company
14 Top Company
Profiles
Labels: Smart Healthcare Market, Smart Healthcare Market growth, Smart Healthcare Market share, Smart Healthcare Market size, Smart Healthcare Market trends
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