Reports
Sale
Global Smart Home Healthcare Market Size, Share, Forecast: By Technology: Wireless Communication, Cellular Network, Others; By Service: Installation and Repair, Customisation and Renovation; By End User: Safety and Security Monitoring, Nutrition/Diet Monitoring, Memory Aids, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Smart Home Healthcare Market Outlook
The global smart home healthcare market stood at a value of around USD 96.44 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 23.5% to reach USD 643.64 billion by 2032.
Health Status Monitoring Segment to Exhibit a Significant Growth in the Forecast Period
Based on end user, the health status monitoring segment is predicted to observe a significant growth in the forecast period. These systems are based on advanced wireless and wearable sensor technologies. The demand for health status monitoring devices, which gather and monitor data and alert medical experts, is increasing, which is expected to drive the growth of the segment.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The Asia Pacific Region is Expected to Occupy a Significant Share in the Smart Home Healthcare Industry
Geographically, the smart home healthcare industry in the Asia Pacific is expected to witness a significant growth in the forecast period owing to the rising high-income households and growing adoption of IoT devices in the region, particularly in developing economies such as India and China. Additionally, increasing government initiatives to create health awareness and support digital transformation, the rising geriatric population, and the growing adoption of mHealth technologies are expected to propel the growth of the smart home healthcare industry in the Asia Pacific region in the forecast period.
Smart Home Healthcare: Market Segmentation
Smart home healthcare refers to a home with a set of networked sensors and devices that improve the health and wellbeing of its occupants and assist in the delivery of healthcare services by adding intelligence, automation, control, contextual awareness, adaptability, and functionality both remotely and locally. Smart home healthcare systems are likely to serve as the foundation for highly advanced healthcare systems around the world, where resources can be shared efficiently and intelligently.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Based on technology, the industry can be categorised into:
- Wireless Communication
- Cellular Network
- Others
On the basis of service, the industry can be segmented into:
- Installation and Repair
- Customisation and Renovation
Based on end user, the industry can be divided into:
- Safety and Security Monitoring
- Nutrition/Diet Monitoring
- Memory Aids
- Fall Prevention and Detection
- Health Status Monitoring
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Applications of AI based Technologies in Integration with Assisted Living to Bolster the Growth of the Global Smart Home Healthcare Industry
The global market for smart home healthcare has been growing considerably for the last few years owing to the growing applications of AI based technologies in integration with assisted living and the emergence of advanced healthcare solutions, such as e-health and mHealth. Increasing disposable income, escalating adoption of cloud technology in the healthcare setting, and rapidly increasing geriatric population are some of the major factors that are predicted to significantly contribute to the growth of the market. Additionally, increasing public awareness about advanced and innovative applications of smart home-based wireless sensors, coupled with the rising incidence of chronic and lifestyle-related disorders, is expected to drive the growth of the market. Furthermore, as a result of the COVID-19 pandemic, connected health and RPM (remote patient monitoring) have become more common than ever, as these methods and services allow clinicians to monitor patients without having to come into physical contact, preventing the transmission of the novel coronavirus. This is expected to positively impact the market growth in the coming years.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Key Industry Players in the Global Smart Home Healthcare Market
The report gives a detailed analysis of the following key players in the global smart home healthcare market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Honeywell International Inc
- Schneider Electric SE
- Siemens AG
- Koninklijke Philips N.V.
- Qualcomm Incorporated
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Service |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Home Healthcare Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Home Healthcare Historical Market (2018-2023)
8.3 Global Smart Home Healthcare Market Forecast (2024-2032)
8.4 Global Smart Home Healthcare Market by Technology
8.4.1 Wireless Communication
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cellular Network
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Smart Home Healthcare Market by Service
8.5.1 Installation and Repair
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Customisation and Renovation
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Smart Home Healthcare Market by End User
8.6.1 Safety and Security Monitoring
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Nutrition/Diet Monitoring
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Memory Aids
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Fall Prevention and Detection
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Health Status Monitoring
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Smart Home Healthcare Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Smart Home Healthcare Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Home Healthcare Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Home Healthcare Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Home Healthcare Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Home Healthcare Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Honeywell International Inc
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Schneider Electric SE
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Siemens AG
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Koninklijke Philips N.V.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Qualcomm Incorporated
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Home Healthcare Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Home Healthcare Historical Market: Breakup by Technology (USD Billion), 2018-2023
3. Global Smart Home Healthcare Market Forecast: Breakup by Technology (USD Billion), 2024-2032
4. Global Smart Home Healthcare Historical Market: Breakup by Service (USD Billion), 2018-2023
5. Global Smart Home Healthcare Market Forecast: Breakup by Service (USD Billion), 2024-2032
6. Global Smart Home Healthcare Historical Market: Breakup by End User (USD Billion), 2018-2023
7. Global Smart Home Healthcare Market Forecast: Breakup by End User (USD Billion), 2024-2032
8. Global Smart Home Healthcare Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Smart Home Healthcare Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Smart Home Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Smart Home Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Smart Home Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Smart Home Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Smart Home Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Smart Home Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Smart Home Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Smart Home Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Smart Home Healthcare Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Smart Home Healthcare Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Smart Home Healthcare Market Structure
Key Questions Answered in the Report
In 2023, the global smart home healthcare market attained a value of nearly USD 96.44 billion.
The market is projected to grow at a CAGR of 23.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 643.64 billion by 2032.
The major market drivers include the growing adoption of cloud technology in healthcare settings, and improving living standards of consumers, and the rapidly increasing geriatric population.
The rising disposable incomes, technological advancements and innovations, and the growing demand for wireless communication are the key trends guiding the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Wireless communication and cellular network, among others, are the major technologies considered within the market report.
The major segments based on services included in the market report are installation and repair and customisation and renovation.
The various end users of smart home healthcare are safety and security monitoring, nutrition/diet monitoring, memory aids, fall prevention and detection, and health status monitoring, among others.
The major players in the market are Honeywell International Inc, Schneider Electric SE, Siemens AG, Koninklijke Philips N.V., and Qualcomm Incorporated, among others.
Analyst Review
The global smart home healthcare market attained a value of USD 96.44 billion in 2023, driven by the emergence of advanced technologies and healthcare solutions, such as artificial intelligence (AI), e-health, and mHealth, among others. Aided by the increasing public awareness about innovative applications of smart home-based wireless sensors, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 23.5%. The market is projected to reach USD 643.64 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of technology, the industry can be divided into wireless communication and cellular network, among others. Based on service, the industry can be segmented into installation and repair, and customisation and renovation. Based on end user, the industry is categorised into safety and security monitoring, nutrition/diet monitoring, memory aids, fall prevention and detection, and health status monitoring, among others. The major regional markets for global smart home healthcare are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Honeywell International Inc, Schneider Electric SE, Siemens AG, Koninklijke Philips N.V., and Qualcomm Incorporated, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
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.
NEWSLETTER