Smart Healthcare Products Market Key Findings by 2031
Smart Healthcare is enhancing the services delivered to the hospitals and clinics for providing better patient care systems. The various smart healthcare products available in the market are smart RFID cabinets, electronic health record, smart syringes, and smart pills among others. The increasing demand of patient monitoring system and wearable healthcare devices using sensing technology, IoT devices, and big data analytics will further propel the growth of the smart healthcare market.
MARKET SCOPE
The "Global Smart Healthcare Products Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Smart Healthcare Products market with detailed market segmentation by products, application, and geography. The report provides key statistics on the market status of the leading Smart Healthcare Products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global Smart Healthcare Products market is segmented into Smart RFID Cabinets, Electronic Health Record, Smart Syringes, Smart Pills, and Others.
- Based on Application, the global Smart Healthcare Products market is segmented into Inventory Management, Health Data Storage and Exchange, Monitoring and Treatment, and Others
MARKET DYNAMICS
Drivers
- The increasing progression of artificial intelligence technology
- Growing investment in healthcare IOT solutions
Restraints
- High Cost of Smart Healthcare Products
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Smart Healthcare Products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Smart Healthcare Products market in these regions.
IMPACT OF COVID-19 ON SMART HEALTHCARE PRODUCTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. However, during a pandemic there are multiple concurrent clinical priorities, including the need to understand the pathophysiology of the disease, optimized patient care and prevention of future infections. The ongoing COVID-19 pandemic has surged the central position of Smart Healthcare Products in outbreak control.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Smart Healthcare Products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Smart Healthcare Products market in these regions.
IMPACT OF COVID-19 ON SMART HEALTHCARE PRODUCTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. However, during a pandemic there are multiple concurrent clinical priorities, including the need to understand the pathophysiology of the disease, optimized patient care and prevention of future infections. The ongoing COVID-19 pandemic has surged the central position of Smart Healthcare Products in outbreak control.
MARKET PLAYERS
The report covers key developments in the Smart Healthcare Products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Smart Healthcare Products market are anticipated to lucrative growth opportunities in the future with the rising demand for Smart Healthcare Products in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Smart Healthcare Products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
1. Medtronic
2. Allscripts
3. Epic Systems Corporation
4. Becton, Dickinson and Company
5. Olympus Corporation
6. STANLEY Healthcare
7. Terumo Medical Corporation
8. Cerner Corporation
9. AirStrip Technologies
10. athenahealth, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Smart Healthcare Products Market - By Products
1.3.2 Smart Healthcare Products Market - By Application
1.3.3 Smart Healthcare Products Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART HEALTHCARE PRODUCTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SMART HEALTHCARE PRODUCTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SMART HEALTHCARE PRODUCTS MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART HEALTHCARE PRODUCTS - GLOBAL MARKET OVERVIEW
6.2. SMART HEALTHCARE PRODUCTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SMART HEALTHCARE PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCTS
7.1. OVERVIEW
7.2. PRODUCTS MARKET FORECASTS AND ANALYSIS
7.3. SMART RFID CABINETS
7.3.1. Overview
7.3.2. Smart RFID Cabinets Market Forecast and Analysis
7.4. ELECTRONIC HEALTH RECORD
7.4.1. Overview
7.4.2. Electronic Health Record Market Forecast and Analysis
7.5. SMART SYRINGES
7.5.1. Overview
7.5.2. Smart Syringes Market Forecast and Analysis
7.6. SMART PILLS
7.6.1. Overview
7.6.2. Smart Pills Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SMART HEALTHCARE PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INVENTORY MANAGEMENT
8.3.1. Overview
8.3.2. Inventory Management Market Forecast and Analysis
8.4. HEALTH DATA STORAGE AND EXCHANGE
8.4.1. Overview
8.4.2. Health Data Storage and Exchange Market Forecast and Analysis
8.5. MONITORING AND TREATMENT
8.5.1. Overview
8.5.2. Monitoring and Treatment Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SMART HEALTHCARE PRODUCTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Smart Healthcare Products Market Overview
9.1.2 North America Smart Healthcare Products Market Forecasts and Analysis
9.1.3 North America Smart Healthcare Products Market Forecasts and Analysis - By Products
9.1.4 North America Smart Healthcare Products Market Forecasts and Analysis - By Application
9.1.5 North America Smart Healthcare Products Market Forecasts and Analysis - By Countries
9.1.5.1 United States Smart Healthcare Products Market
9.1.5.1.1 United States Smart Healthcare Products Market by Products
9.1.5.1.2 United States Smart Healthcare Products Market by Application
9.1.5.2 Canada Smart Healthcare Products Market
9.1.5.2.1 Canada Smart Healthcare Products Market by Products
9.1.5.2.2 Canada Smart Healthcare Products Market by Application
9.1.5.3 Mexico Smart Healthcare Products Market
9.1.5.3.1 Mexico Smart Healthcare Products Market by Products
9.1.5.3.2 Mexico Smart Healthcare Products Market by Application
9.2. EUROPE
9.2.1 Europe Smart Healthcare Products Market Overview
9.2.2 Europe Smart Healthcare Products Market Forecasts and Analysis
9.2.3 Europe Smart Healthcare Products Market Forecasts and Analysis - By Products
9.2.4 Europe Smart Healthcare Products Market Forecasts and Analysis - By Application
9.2.5 Europe Smart Healthcare Products Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Smart Healthcare Products Market
9.2.5.1.1 Germany Smart Healthcare Products Market by Products
9.2.5.1.2 Germany Smart Healthcare Products Market by Application
9.2.5.2 France Smart Healthcare Products Market
9.2.5.2.1 France Smart Healthcare Products Market by Products
9.2.5.2.2 France Smart Healthcare Products Market by Application
9.2.5.3 Italy Smart Healthcare Products Market
9.2.5.3.1 Italy Smart Healthcare Products Market by Products
9.2.5.3.2 Italy Smart Healthcare Products Market by Application
9.2.5.4 Spain Smart Healthcare Products Market
9.2.5.4.1 Spain Smart Healthcare Products Market by Products
9.2.5.4.2 Spain Smart Healthcare Products Market by Application
9.2.5.5 United Kingdom Smart Healthcare Products Market
9.2.5.5.1 United Kingdom Smart Healthcare Products Market by Products
9.2.5.5.2 United Kingdom Smart Healthcare Products Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Smart Healthcare Products Market Overview
9.3.2 Asia-Pacific Smart Healthcare Products Market Forecasts and Analysis
9.3.3 Asia-Pacific Smart Healthcare Products Market Forecasts and Analysis - By Products
9.3.4 Asia-Pacific Smart Healthcare Products Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Smart Healthcare Products Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Smart Healthcare Products Market
9.3.5.1.1 Australia Smart Healthcare Products Market by Products
9.3.5.1.2 Australia Smart Healthcare Products Market by Application
9.3.5.2 China Smart Healthcare Products Market
9.3.5.2.1 China Smart Healthcare Products Market by Products
9.3.5.2.2 China Smart Healthcare Products Market by Application
9.3.5.3 India Smart Healthcare Products Market
9.3.5.3.1 India Smart Healthcare Products Market by Products
9.3.5.3.2 India Smart Healthcare Products Market by Application
9.3.5.4 Japan Smart Healthcare Products Market
9.3.5.4.1 Japan Smart Healthcare Products Market by Products
9.3.5.4.2 Japan Smart Healthcare Products Market by Application
9.3.5.5 South Korea Smart Healthcare Products Market
9.3.5.5.1 South Korea Smart Healthcare Products Market by Products
9.3.5.5.2 South Korea Smart Healthcare Products Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Smart Healthcare Products Market Overview
9.4.2 Middle East and Africa Smart Healthcare Products Market Forecasts and Analysis
9.4.3 Middle East and Africa Smart Healthcare Products Market Forecasts and Analysis - By Products
9.4.4 Middle East and Africa Smart Healthcare Products Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Smart Healthcare Products Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Smart Healthcare Products Market
9.4.5.1.1 South Africa Smart Healthcare Products Market by Products
9.4.5.1.2 South Africa Smart Healthcare Products Market by Application
9.4.5.2 Saudi Arabia Smart Healthcare Products Market
9.4.5.2.1 Saudi Arabia Smart Healthcare Products Market by Products
9.4.5.2.2 Saudi Arabia Smart Healthcare Products Market by Application
9.4.5.3 U.A.E Smart Healthcare Products Market
9.4.5.3.1 U.A.E Smart Healthcare Products Market by Products
9.4.5.3.2 U.A.E Smart Healthcare Products Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Smart Healthcare Products Market Overview
9.5.2 South and Central America Smart Healthcare Products Market Forecasts and Analysis
9.5.3 South and Central America Smart Healthcare Products Market Forecasts and Analysis - By Products
9.5.4 South and Central America Smart Healthcare Products Market Forecasts and Analysis - By Application
9.5.5 South and Central America Smart Healthcare Products Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Smart Healthcare Products Market
9.5.5.1.1 Brazil Smart Healthcare Products Market by Products
9.5.5.1.2 Brazil Smart Healthcare Products Market by Application
9.5.5.2 Argentina Smart Healthcare Products Market
9.5.5.2.1 Argentina Smart Healthcare Products Market by Products
9.5.5.2.2 Argentina Smart Healthcare Products Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL SMART HEALTHCARE PRODUCTS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SMART HEALTHCARE PRODUCTS MARKET, KEY COMPANY PROFILES
12.1. EPIC SYSTEMS CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. MEDTRONIC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ALLSCRIPTS
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BD
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. OLYMPUS CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. CERNER CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. STANLEY HEALTHCARE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. TERUMO MEDICAL CORPORATION
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. AIRSTRIP TECHNOLOGIES
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ATHENAHEALTH, INC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Medtronic
2. Allscripts
3. Epic Systems Corporation
4. Becton, Dickinson and Company
5. Olympus Corporation
6. STANLEY Healthcare
7. Terumo Medical Corporation
8. Cerner Corporation
9. AirStrip Technologies
10. athenahealth, Inc.
11. Meditech
12. Next Gen Healthcare
13. Medtronic (Given Imaging Inc.)
14. Element Science Inc.
15. BigFoot Medical
16. Apple Inc.
17. Life Sense
18. Johnson & Johnson
19. Capsule Technologies Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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