Smart Home Healthcare Market Analysis and Demand Forecast to 2022
The global smart home healthcare market is expected to grow with a CAGR of 38% during 2016 - 2022. Among the various applications, the fall prevention and detection segment is expected to witness the fastest growth during the forecast period. The global smart home healthcare market is growing at a significant rate, due to growing demand for advanced smart home healthcare technologies, and growing geriatric population. In addition, the increasing demand of mobile health (mHealth) technologies, and increasing demand of personalized healthcare technologies are also driving the growth of the global smart home healthcare market.
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Smart home is a home monitoring and control system, which helps in the monitoring of home when the resident away, and also simplifies the switching appliances on and off automatically. The smart homes have the ability to monitor and control home from the convenience of smartphone or tablets.
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Geographically, North America dominated the global market of smart home healthcare market in 2015; whereas the Asian market is expected to witness the fastest growth at a during the forecast period.
Some of the key companies operating in the global smart home healthcare market include AT&T Inc., ABB Ltd, Siemens AG, Schneider Electric SE, General Electric Company, Honeywell Life Care Solutions, Smart Solutions, Essence Group, and Koninklijke Philips N.V.




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