The global smart healthcare market size is estimated to be USD 144.72 billion in 2021 and is expected to witness a CAGR of 17.74% during the forecast period. Rising digital revolution in healthcare sector and consumer adoption for smart technology, increasing government funding for medical infrastructure, and shifting trend from complicated traditional monitoring, treatment, recording, and inventory management task in healthcare sector are major factors that are expected to propel the global market growth. However, technical & operational concerns as well as insignificant reach of IT technology in emerging economies are expected to hinder the growth.

By Product

Based on product, the market is categorized into mHealth, RFID, smart pills, smart syringes, telemedicine, electronic health records (EHR), and others. In 2021, mHealth accounted for the highest revenue share due to its high internet use and increased development & adoption of novel mHealth apps. The RFID segment is estimated to grow at the fastest CAGR during the forecast period owing to its high implementation in automation, real-time intelligence information, asset tracking, and supply chain management.

By Application

Based on application, the market is segmented into inventory management, health data storage & exchange, and monitoring & treatment. In 2021, the monitoring & treatment segment accounted for a lucrative revenue share owing to rising patient safety concerns and need to provide real-time healthcare services for chronic diseases & emergency cases. Health data storage and exchange is projected to grow at a lucrative CAGR during the forecast period owing to increasing R&D initiatives for the development of healthcare products and technologies.

By End User

Based on end user, the market is categorized into hospitals & clinics, home care settings, diagnostic laboratories, and others. In the global market, the hospitals & clinics segment accounted for the largest revenue share in 2021 owing to high investment in healthcare infrastructure for effectively monitoring and tracking operations, supply chain, and real time intelligence & glitches in the system. Development of advanced technologies are expected to fuel the growth of home care settings segment during the forecast period.

Regional Insights

North America was the highest revenue-grossing segment of the global market in 2021 and is projected to maintain its dominance during the forecast period. This is due to the high adoption of digital technologies and rapid investment in R&D of smart healthcare solutions in this region. The Asia Pacific is estimated to grow at the fastest growth rate during the forecast period owing to the growing awareness for Internet of Things, diversification of multinational healthcare giants in this region, and rising prevalence of chronic disease cases in the region.

Competitor Insights

Some of the major companies in the smart healthcare market are Allscripts Healthcare Solutions, Inc. (U.S.), International Business Machines Corporation (U.S.), Cisco Systems, Inc. (U.S.), Cerner Corporation (U.S.), Abbott Laboratories (U.S.), General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Samsung Group (South Korea), Siemens AG (Germany) and McKesson Corporation (U.S.). Strategic collaborations, mergers, acquisitions, product development, and geographic expansion are some of the major strategies adopted by the leading players operating in the industry.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The smart healthcare market report is categorized into the following segments and subsegments:

Smart Healthcare Market, By Product (Revenue, 2021-2029, USD Billion)

Smart Healthcare Market, By Application (Revenue, 2021-2029, USD Billion)

Smart Healthcare Market, By End-User (Revenue, 2021-2029, USD Billion)

Smart Healthcare Market, By Region (Revenue, 2021-2029, USD Billion)

Scope of Smart Healthcare Market Report:

Key Parameters	Details
Base Year	2021
Forecast Period	2022-2029
Study Coverage	Global and regional market size and revenue forecast Segment market size and revenue forecast at global, regional, and country level Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis) Conclusion and recommendations
Qualitative Analysis	Market drivers Market restraints Market opportunities Recent market trends Market challenges Porter’s Five Forces analysis PEST analysis Value-chain analysis COVID-19 impact analysis
Regional Market Scope	North America (U.S. and Canada) Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC) Latin America (Brazil, Mexico, Argentina, Rest of LATAM) MEA (South Africa, GCC, Rest of MEA)
Company Profiles	Exhaustive profiles of top 10 players 50+ other major players listing
15% Free Customization Available	You can customize the study scope to meet your exact requirement. Click here for more details