Smart Healthcare Products Market to Growing rapidly with Advent of Innovative Products from the Industry Leaders like Abbot Laboratories and GE Healthcare

Smart healthcare products are intended to enhance patient treatment and improve outcomes related to diagnostic tools along with improving their quality of life. These products are equipped with data analytics, embedded sensor technologies, and communication techniques. There are different types of smart healthcare products including a smart syringe, smart healthcare record, personal monitoring device, and a personal alarm. The advantage of using an electronic monitoring device, such as a smart health record or a cellular monitoring device, is that it can provide you with real-time alerts of your health status. In contrast, one cannot monitor your health using an older traditional medical device, such as a digital thermometer, a pulse oximeter, a pulse monitor, or a blood pressure cuff.

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Growing geriatric population worldwide is expected to drive growth of the global smart healthcare products market during the forecast period. According to the World Health Organization, between 2015 and 2020, people aged 60 years and above is expected to double from 12% to 22%. According to the World Bank, in 2019, around 9.09% of the population was aged 65 years and above, increasing from 7.49% in 2009. IoT-enabled healthcare systems offer efficient medical services to elderly individuals. It can monitor blood pressure, body temperature, pulse rate, as well as glucose levels. Hence, these factors are expected to drive growth of the global smart healthcare products market growth over the forecast period. Besides, increasing demand for remote health monitoring solutions is expected to propel the global healthcare products market growth over the forecast period.

However, high capital investment combined with the technological limitations is expected to hamper the global smart healthcare products market growth in the near future. Among regions, North America holds a dominant position in the global smart healthcare products market and is expected to continue its dominance in the near future. This is owing to the presence of key market players such as Honeywell Life Care Solutions, Cisco Healthcare, GE Healthcare, Abbott Laboratories, and McKesson Corporation across the U.S. and Canada. Moreover, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to increasing incidences of chronic diseases combined with rising smartphone penetration in the region.

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Major Key Players Are: Allscripts Healthcare Solutions Inc. Medtronic, Inc., Becton Dickinson & Company, Honeywell Life Care Solutions, AirStrip Technologies, Cerner Corporation, Stanley Healthcare, Terumo Corporation, Olympus Corporation, and eClinicalWorks.

Table of Content

Global Smart Healthcare Products Market Research Report

Section 1: Global Smart Healthcare Products Industry Overview
Section 2: Global Economic Impact on Smart Healthcare Products Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Smart Healthcare Products Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Smart Healthcare Products Market Forecast

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About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformation growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
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