Smart home healthcare is a technology that delivers the medical facilities and equipment to patients at home. This means that he or she require not go to the doctor or the hospital all the time. They are most advantageous when a patient suffers from a long-life ailment or he or she has to be kept under medical supervision for several days. Also, technology is very flexible and advantageous for the geriatric population.
According to the report analysis, ‘Global Smart Home Healthcare Market 2020-2030 by Offering (Solutions, Services), Technology (Wireless, Wired), Application (Fall Detection & Prevention, Health Status Monitoring, Safety & Security Monitoring, Memory Aids, Nutrition/Diet Monitoring), and Region: Trend Forecast and Growth Opportunity’ states that the global smart home healthcare market is predicted to develop owing to effective growth in healthcare expenditure, speedy augment in usage of IoT-connected smart home healthcare devices, surging prevalence of chronic diseases along with the augmenting geriatric population, and growing preference from the personalized healthcare.
The effective growth in demand for Internet-of-Things (IoT) in home healthcare will propel the smart home healthcare market throughout the forecast period. IoT technology connects several devices and systems comprising actuators, sensors, computers, appliances and smartphones, resulting in extremely distributed intelligent system that is capable of communicating with humans as well as other devices. Advent of technology in communication and computing technologies along with improved, low-cost actuators, sensors and electronic components will propose the opportunities for IoT applications in home healthcare. Application of IoT in healthcare with combined e-health and helped living technology can play a crucial role in revolutionizing healthcare system for elderly thereby, increasing the smart home healthcare market growth.
In the middle of the COVID-19 pandemic, connected health and RPM (remote patient monitoring) is becoming more inescapable than ever, as these approaches and services are enabling physicians to monitor patients contactless, safeguarding the spread of the novel coronavirus. This is simplifying them by augmenting the bed space for patients with severe cases. Hospitals, in these times, are actively assisting the utilization of connected health and RPM and helping the same toward building a smart home healthcare lifestyle throughout the pandemic.
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North America smart home healthcare market is projected to observe the market growth during the review duration. The speedy growth in prevalence of chronic devices as the result of lifestyle changes and unhealthy dietary habits is the foremost aspect propelling the requirement for the smart home devices. The speedy growth in healthcare expenditure coupled with the robust foothold of key industry players in the North America will further boom up the smart home healthcare business growth.
Not only has this, Asia Pacific registers the market growth during the recent past years. Regional growth can be accredited to augmenting awareness concerning innovative and improved smart home-based wireless devices. In addition, the large patient pool in the region along with the growing IT investment in the healthcare industry will hasten the Asia Pacific smart home healthcare market growth.
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Global Smart Home Healthcare Market Growth Rate
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