Press Release
Press Release
The market for smart home healthcare is being driven by the increase in demand for advanced home healthcare systems and mHealth technologies and the growing demand for personalised healthcare solutions. In addition, the internet of things (IoT) connects various devices and systems, such as actuators, sensors, computers, appliances, and smartphones, to create a highly distributed intelligent system that can interact with people and other devices. IoT applications in home healthcare will benefit from advancements in communication and processing technologies and the availability of improved, low-cost actuators, sensors, and electrical components. Growing demand for IoT technology in home healthcare is expected to drive the smart home healthcare industry growth. In addition, the rising incidences of chronic and lifestyle-related disorders are expected to drive the demand for the product. Furthermore, increasing disposable income and the rapidly increasing geriatric population are expected to further augment the industry's growth in the forecast period.
In September 2016, Philips (NYSE: PHG) and Qualcomm Incorporated (NASDAQ: QCOM) announced a collaboration to advance connected health across the healthcare offerings. The collaboration will enable both firms to serve care providers with upgraded, scalable, connected care solutions and services through a secure global ecosystem. Qualcomm Life's medical-grade 2net Platform would enable medical-grade connection and integration for Philips and third-party medical devices for Philips HealthSuite connected care products and services, while Philips HealthSuite would act as a worldwide, secure data storage solution. Such innovations by the leading industry players are expected to positively impact the market growth in the forecast period.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global smart home healthcare market are Honeywell International Inc, Schneider Electric SE, Siemens AG, Koninklijke Philips N.V., and Qualcomm Incorporated, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.