Sarasota, FL -- (SBWire) -- 05/01/2019 --According to the report, the global smart healthcare products market was valued at approximately USD 35.6 billion in 2017 and is expected to generate around USD 66.7 billion by 2024, at a CAGR of around 9.5% between 2018 and 2024.
Smart healthcare products improve outcomes related to diagnostic tools and enhance patient treatment along with improving their quality of life. Internet of Things (IoT) has enabled healthcare providers to attain improved healthcare for patients. According to the WHO, in 2017, about 40 million deaths were due to chronic ailments, i.e., 70% deaths worldwide. The World Health Organization (WHO) data numbers further show that cardiovascular diseases are accountable for over 17 million deaths annually.
DOWNLOAD FREE PDF BROCHURE @ http://bit.ly/2LdQkmu
Smart healthcare products, such as smart syringes, electronic health record, RFID system, and smart pills, are gaining popularity due to their multiple advantages. Electronic health record (EHR) is a digitized patient chart, which is patient-centered that shows real-time patient data. Smart syringes prevent the reuse of syringes to avoid infections caused by syringe reuse. Smart-pill is an ingestible capsule to monitor pH, temperature, and pressure, through the GI tract. Radiofrequency identification (RFID) employs electromagnetic fields for identifying and tracking tags fixed to objects automatically.
The rising incidence of chronic ailments, escalating geriatric population, rapid technological developments related to healthcare products for targeted treatment of patients, integration of smart technology within healthcare products, rising adoption of intelligent technologies, favorable government programs to advance the healthcare setup, and high penetration of smartphone are likely to drive the smart healthcare products market development across the globe in the future. However, the high cost of smart healthcare products, lack of awareness about smart healthcare products, the need for extensive training to operate these devices, poor internet connectivity in developing regions might restrict the smart healthcare products market globally in the future.
The global smart healthcare products market is segmented into product type, application, and region. By product type, the smart healthcare products market has been segmented into the smart syringe, electronic health record, RFID system, smart pill, and others. The electronic health record is likely to hold a major market share in the estimated timeframe due to the increasing adoption of EHR. The application segment is divided into health data storage, inventory management, and monitoring and treatment.
By region, this global market is classified into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. The North American smart healthcare products market is likely to emerge as the prominent region in the forecast time period. This can be attributed to the rapid technological development in healthcare products and the presence of key market players in the region. Europe is anticipated to be the second largest smart healthcare products market, due to the rising geriatric population and growing home healthcare monitoring trend.
Get FREE Sample Research Report @ http://bit.ly/2IMMUoA
Some key players of the smart healthcare products market include Medtronic, Inc., Allscripts Healthcare Solutions, Inc., Honeywell Life Care Solutions, Becton, Dickinson & Company, AirStrip Technologies, Inc., Terumo Corporation, Cerner Corporation, Olympus Corporation, eClinicalWorks, and Stanley Healthcare, among others.
This report segments the global smart healthcare products market into:
Global Smart Healthcare Products Market: By Product Type
Smart Syringe
Electronic Health Record
RFID System
Smart Pill
Others
Global Smart Healthcare Products Market: By Application
Health Data Storage
Inventory Management
Monitoring and Treatment
GET FREE PDF BROCHURE @ http://bit.ly/2LdQkmu
Global Smart Healthcare Products Market: By Region
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Smart Healthcare Products Market Expected to Generate Around USD 66.7 Billion by 2024
Global smart healthcare products market expected to generate around USD 66.7 billion by 2024, at a CAGR of around 9.5% between 2018 and 2024. Smart healthcare products improve outcomes related to diagnostic tools and enhance patient treatment along with improving their quality of life.