Research Product Applications and Innovations to Drive Global Market Growth

Published: May 2024

Global smart healthcare market is anticipated to grow at a significant CAGR of 12.8% during the forecast period (2024-2031). Smart healthcare technologies encompass a range of innovative solutions that enhance patient care, improve clinical decision-making, and promote population health. These technologies include remote monitoring platforms, artificial intelligence and machine learning algorithms, blockchain applications, healthcare robotics, ambient assisted living systems, and population health management platforms. By leveraging these technologies, healthcare providers can optimize efficiency, enhance patient outcomes, and ensure the delivery of high-quality care. Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance,

Browse the full report description of “Smart Healthcare Market Size, Share & Trends Analysis Report by Product Type (Electronic Health Records (EHR) Systems, Telemedicine and Remote Monitoring Devices, M-Health, Healthcare Analytics and AI Solutions, Hospital Information Systems (HIS), Smart Hospital Infrastructure, and Others). and by End-User (Hospitals and Clinics, Healthcare Payers and Insurers, Pharmaceutical and Life Sciences Companies, Government Agencies and Regulatory Bodies, and Others). Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/smart-healthcare-market

In January 2024, The CCRAS and NCISM  launched the 'SMART 2.0' program to promote Ayurvedic research among teaching professionals through collaboration with academic institutions and hospitals.

In February 2024, Medulance launched India's first 5G-enabled 'Smart Medical Room' in Gurugram, enhancing corporate health and wellness. The facility offers advanced diagnostic tools, telemedicine capabilities, and real-time monitoring systems, reducing response times to under 4 minutes. It enables corporations to prioritize employee health.

In August 2022, GOQii,  launched Smart Vital Ultra and Stream devices for young adults and youth, encouraging healthy lifestyles. The company  STream is a lightweight, water-resistant device with Bluetooth, a built-in speaker, a microphone, and features like phone notifications, personalized health coaching, and a digital health locker.

Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Product Type

o By End-User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape-  Cerner Corp., Cisco Systems, Inc., GE HealthCare Technologies Inc., Medtronic Plc, and Siemens Healthineers AG, among others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Smart Healthcare Market Report Segment

By Product Type

  • Electronic Health Records (EHR) Systems
  • Telemedicine and Remote Monitoring Devices
  • M-Health
  • Healthcare Analytics and AI Solutions
  • Hospital Information Systems (HIS)
  • Smart Hospital Infrastructure
  • Others (Biometric Identification and Authentication Solutions)

By End-User

  • Hospitals and Clinics
  • Medical Billing Companies
  • Healthcare Payers
  • Government Healthcare Agencies
  • Others (Academic Medical Centers and Research Institutions)

Global Smart Healthcare Market Report Segment by Region

North America

United States

Canada 

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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