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Smart Healthcare Products Market (Product Type - Smart Syringes, Smart RFID Cabinets, Smart Pills and Electronic Health Record; Application - Monitoring and Treatment, Health Data Storage and Exchange and Inventory Management): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024

  • Published : September, 2018

  • Rep Id : HC0395

  • Category : Healthcare & Medical Devices

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Smart Healthcare Products Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Smart Healthcare Products Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Smart Healthcare Products Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on smart healthcare products market provides in-depth analysis of segments and sub-segments in global as well as regional smart healthcare products market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional smart healthcare products market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global smart healthcare products market. According to the report, the global smart healthcare products market is projected to grow at a CAGR of 8.7% over the forecast period of 2018-2024.

Global Smart Healthcare Products Market


Rising geriatric population worldwide has been increasing the demand for healthcare services. According to world health organization (WHO) reports, nearly 90% of the geriatric population in the United States suffer from at least one chronic disease, and about 77% population is suffering from two or more chronic conditions, which is fueling the demand for medical resources. The effective and better healthcare facilities for the elderly population had increased the demand for smart healthcare devices, that helps in managing all the clinical information automatically.

The health management among the individual become easier with the use of smart healthcare products. Thus, the growing geriatric population is likely to drive the growth of smart healthcare products market. In addition, the growing internet of things (IoT) in the healthcare industry, products has various application for a range of services which comprises remote health monitoring, chronic diseases, fitness programs, and elderly care. Moreover, advancement in software technology and digital tools is likely to boost the growth in this market. Furthermore increasing healthcare expenditure is another factor driving the growth in the market.

Among the regions, North America is expected to be the largest market for a smart healthcare product. The rapid growth in technology development of IoT in the healthcare industry and high adoption of smart healthcare product among the population and developed healthcare sector drive the growth in the North America region. The Asia-Pacific is the fastest growing region owing to factors, such as increasing in healthcare expenditure, and government support to toward the adoption of smart healthcare systems in the region.

Segment Covered

The report on global smart healthcare products market covers segments such as product type and application. On the basis of product type the global smart healthcare products market is categorized into smart syringes, smart RFID cabinets, smart pills, and electronic health record. On the basis of application the global smart healthcare products market is categorized into monitoring and treatment, health data storage and exchange and inventory management.


Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.


Companies Profiled:

The report provides profiles of the companies in the global smart healthcare products market such as Olympus Corporation, Becton Dickinson & Company, Terumo Corporation, Medtronic, Allscripts Healthcare Solutions Inc., Epic Systems Corporation, Stanley Healthcare, and Others.


Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global smart healthcare products market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of smart healthcare products market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the smart healthcare products market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the smart healthcare products market to understand the present and future trends in this market and formulate their strategies accordingly.

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