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Smart Home Healthcare Market Size
- Report ID: GMI3211
- Published Date: Nov 2022
- Report Format: PDF
Smart Home Healthcare Market Size
Smart Home Healthcare Market size exceeded USD 13 billion in revenue in 2022 and is forecast to expand at over 28.5% CAGR through 2032 primarily driven by the growing consumer inclination towards IoT technology.
IoT enables consumers to manage and monitor their health remotely, enhancing patient outcomes. The need for visiting fall detection and prevention and emergency units frequently is eliminated through remote health monitoring. Additionally, the market’s revenue is fueled by industry participants creating novel solutions to enhance patient outcomes.
Furthermore, the upsurge in the demand for smart home healthcare devices is propelled by the mounting preference for personalized care and treatment in developed economies, which is likely to stimulate the market trends. Over the past few years, patients have had more access to health data, which has created massive growth potential for healthcare providers to offer personalization to improve patient care and health outcomes, and to lower costs.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Smart Home Healthcare Market Size in 2022: | 13 Billion (USD) |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 28.5% |
| 2032 Value Projection: | 172 Billion (USD) |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 146 |
| Tables, Charts & Figures: | 183 |
| Segments covered: | Technology, Service, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Smart Home Healthcare Market Scope
