According to the World Health Organization (WHO) estimates that there were 524 million seniors worldwide in 2010 and that number will rise to 1.5 billion by 2050. The increasing need for individualised healthcare and sophisticated smart home healthcare has led to a rise in mHealth technologies and internet of things-based monitoring systems, which further enhance patient and healthcare provider communication. Other significant factors influencing the industry's expansion include an increasing senior population, a rise in the use of cloud computing in healthcare, and rising disposable income.
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Telemedicine, Electronic Health Records, M-Health, Smart Pills and Syringes, RFID Kanban Systems, Smart RFID Cabinets, Others), Application (Storage and Inventory Management, Monitoring, Treatment, Others), End User (Hospitals, Home Care Settings, Others) – Industry Trends and Forecast to 2032
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The Global Smart Healthcare Market size was valued at USD 232.09 USD Billion in 2024.
The Global Smart Healthcare Market is projected to grow at a CAGR of 14.75% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
