The market for smart home healthcare is primarily driven by increasing demand of mhealth

The market for smart home healthcare is primarily driven by increasing demand of mhealth. With the expanding geriatric population, and mounting occurrence of chronic and lifestyle associated diseases such as diabetes, cardiovascular diseases, and obesity has resulted in increased demand of advanced smart home healthcare. The internet of things (IoT) technology and its applications has improved the quality of care and overall disease management, and reduce the cost of treatment.

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The different technologies of, the smart home healthcare market are wireless communication, cellular network, and others. Of all these technologies, the cellular network category is predicted to witness the highest CAGR during the forecast period owing to the easiness of usage, and easy approachability by consumers.

Based on application the smart home healthcare market is segmented into safety and security monitoring, memory aids, nutrition or diet monitoring, fall prevention and detection, health status monitoring and others. Of all the applications, fall prevention and detection is expected to grow at the fastest rate during the forecast period, globally.

North America accounted for the major share in the smart home healthcare industry in 2017, globally as the in the region occurrence of chronic and lifestyle associated diseases is increasing.

The European smart home healthcare market is growing at a significant rate due to the mounting occurrence of chronic diseases, expanding the geriatric population, escalating requirement for remote monitoring services and improved healthcare infrastructure.

Moreover, Asia-Pacific is observed to witness the fastest growth in the smart home healthcare market, owing to expanding the geriatric population.

Key players in the smart home healthcare industry are investing in the development of advanced, which is strengthening their position in the Honeywell International Inc., Schneider Electric SE., Qualcomm Incorporated, Siemens AG, General Electric Company, Koninklijke Philips N.V, AT&T Inc., and Medical Guardian LLC are some of the key players offering smart home healthcare.

Source: VynZ Research

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Created on Feb 5th 2019 05:10. Viewed 453 times.

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