Major players in the smart healthcare products market are AirStrip Technologies, Samsung Healthcare, Siemens Healthineers AG, Cerner Corporation, McKesson Corporation, Medtronic (Given Imaging Inc), Allscripts Healthcare Solutions, eClinicalWorks, Becton Dickinson and Company, Stanley Healthcare, Terumo Corporation, Next Gen Healthcare, GE Healthcare, Johnson & Johnson, Athenahealth Inc, IBM Corporation and Logi-Tag Systems.
New York, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Smart Healthcare Products Global Market Report 2022" - https://www.reportlinker.com/p06319897/?utm_source=GNW
The global smart healthcare products market is expected to grow from $174.26 billion in 2021 to $195.55 billion in 2022 at a compound annual growth rate (CAGR) of 12.22%. The smart healthcare products market is expected to grow to $310.37 billion in 2026 at a compound annual growth rate (CAGR) of 12.24%.
The smart healthcare products market consists of sales of smart healthcare products by entities (organizations, sole traders, and partnerships) that are used to remote monitoring and diagnosis of a patients’ health conditions and reduce the cost of the treatment for the user.It comprises a wider interchange of information among parties and improved clinical data management.
These gadgets employ cutting-edge data communication knowledge that runs on cloud-based, mobile, and digital platforms to provide patients with effective health care.
The main types of smart healthcare products are telemedicine, electronic health records, mHealth, smart pills and syringes and smart RFID cabinets.Telemedicine refers to the electronic transmission of medical information from one location to another to enhance patient health.
Smart healthcare products are used for storage and inventory management, monitoring, and treatment and are used in hospitals and home care facilities.
North America was the largest region in the smart healthcare products market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the smart healthcare products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The smart healthcare products market research report is one of a series of new reports that provides smart healthcare products market statistics, including smart healthcare products industry global market size, regional shares, competitors with a smart healthcare products market share, detailed smart healthcare products market segments, market trends and opportunities, and any further data you may need to thrive in the smart healthcare products industry. This smart healthcare products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Increasing healthcare spending is contributing to the growth of the smart healthcare products market.The need for healthcare facilities has immensely increased due to the COVID-19 pandemic.
The government’s increased emphasis on providing universal healthcare, rising income levels, an aging population, improved healthcare knowledge, higher health insurance penetration, and the increasing burden of non-communicable diseases are the main drivers for healthcare spending growth.Smart healthcare products diagnose and treat an ailment anywhere and anytime.
According to the US Centers for Medicare & Medicaid Services (CMS), National Health Expenditure Projections for 2021-2030, the national health spending growth is predicted to climb to 4.6% in 2022 from 4.2% in 2021. Thus, the increasing healthcare spending will drive the market for smart healthcare products.
Technological advancement is a key trend in the smart healthcare products market.Artificial intelligence (AI) is improving the efficiency of smart healthcare products.
AI has several applications in the health plan, pharmacy benefit managers (PBM), and health system organizations.It will be a crucial engine driving analytics, insights, and decision-making with increasingly interoperable and secure data.
In January 2021, ICON.AI, a South Korea-based company that aims to deliver AI-enabled products to every market worldwide, launched the world’s first 2-in-one smart healthcare device. The smart healthcare device comprises two primary components: a smart display speaker with built-in Alexa and a detachable health tracker. The smart display speaker can give the weather report, search YouTube, read kindle books, and do a variety of other things. The detachable health tracker detects a medical emergency and promptly notifies the hospital and family members. The critical monitoring features and built-in memory of the smart healthcare device allow transferring health information to smartphones and tablets to share with family and doctors for early diagnosis.
In December 2021, Oracle, a US-based computer technology corporation, acquired Cerner Corporation for $28.3 billion. With this acquisition, Oracle’s mission now includes the obligation to deliver a new generation of simplified digital tools to busy medical professionals that allow access to data via a hands-free speech interface to secure cloud apps. Cerner Corporation is a US-based that provides various health information technologies, from medical devices to electronic health records to hardware.
The countries covered in the smart healthcare products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
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