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Published Date: 2016-02-25Number of Pages: 90

Smart Healthcare Products Market (By Product Type - Smart Syringes, Smart Pills, Smart RFID Cabinets and Electronic Health Record; By Application - Health Data Storage and Exchange, Monitoring and Treatment, and Inventory Management - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Global Smart Healthcare Products Market: Snapshot

The incorporation of IoT technologies with smart healthcare products is creating a very high factor of appeal within the healthcare sector of developed nations. The use of IoT with smart healthcare products allows medical personnel to remotely measure, monitor, store, and access patient condition and data at rates faster than before. Smart healthcare devices can therefore be instrumental in treating critical care patients by speeding up the process while making it easier for medical personnel to access patient data across different platforms at any time.

Various governments and healthcare related organizations are also stepping up to the plate and showing their support to the growth of smart healthcare products. Governments of developed economies are especially involved in the proliferation of smart healthcare products as it is directly related to better medical attention for the nation’s population. This is fueled by the rising GDP of nations and also the industrial and healthcare evolution in developing economies.

However, cost plays a significant role in curbing the spread of smart healthcare products across the global healthcare industries. Studies by organizations such as the U.S. ONC have shown that the implementation of smart healthcare products in small healthcare organizations can not only defeat the time and cost-saving benefits, but actually damage their financial condition. Therefore, smart healthcare products are commonly used in only larger healthcare organizations.

With all the above factors – and others such as data integrity concerns – into perspective, it is calculated that the global smart healthcare products market is expanding at a CAGR of 8.84% from 2015 to 2023, in terms of revenue. It is predicted to be valued at US$31.71 bn by the end of 2016 and US$57.85 bn by 2023.

North America to Keep Lead in Smart Healthcare Products Consumption

Owing to a steady influx of small and medium sized players in to the North America smart healthcare products market, it is expected to remain at the top of the global charts till 2023. By the end of 2023, North America is expected to accrue a revenue of US$21.09 bn in smart healthcare product-based revenue. The growing need for IT-based solutions in healthcare has prompted for the growing demand for smart healthcare products in this region. North America is also showing a very high rate of increase in the patients suffering from chronic diseases. These patients require consistent medical attention which remote monitoring devices can provide.

Asia Pacific, on the other hand, is expected to lead in terms of growth rate for smart healthcare products consumption. This region is taking significant strides towards the digitization of industries, including healthcare, through a growing need as well as government support.

Inventory Management Using Smart Healthcare Products Shows High Promise

etween 2015 and 2023, inventory management as an application segment of smart healthcare products, is expected to expand at a CAGR of 11.82%. A large factor in this fast growth is the growing use of advanced RFID systems and RFID smart cabinets in the healthcare sector. There is also a massive demand for inventory management due to the staggering volume of data that needs to be recorded and stored by organizations. Meanwhile, health data storage and exchange is expected to remain the leading application segment for smart healthcare products till 2023, owing to a high volume of demand across the world.

The global market for smart healthcare products is dominated by players such as Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., Medtronic, Olympus Corporation, Becton Dickinson & Company, Terumo Corporation, and Stanley Healthcare.


1. Preface
    1.1. Research Scope
    1.2. Market Segmentation
    1.3. Research Methodology

2. Executive Summary
    2.1. Global Smart Healthcare Products Market Snapshot
    2.2. Global Smart Healthcare Products Market Revenue, 2014 – 2023 (US$ Mn) and Year-on-Year Growth (%)

3. Global Smart Healthcare Products Market Analysis, 2014 – 2023 (US$ Mn)
    3.1. Key Trends Analysis
    3.2. Market Dynamics
          3.2.1. Drivers
          3.2.2. Restraints
          3.2.3. Opportunities
    3.3. Global Smart Healthcare Products Market Analysis, By Product Type, 2014 – 2023 (US$ Mn)
          3.3.1. Smart Syringes
          3.3.2. Smart Pills
          3.3.3. Smart RFID Cabinets
          3.3.4. Electronic Health Records
    3.4. Global Smart Healthcare Products Market Analysis, By Application, 2014 – 2023 (US$ Mn)
          3.4.1. Health Data Storage and Exchange
          3.4.2. Monitoring and Treatment
          3.4.3. Inventory Management
    3.5. Competitive Landscape
          3.5.1. Market Positioning of Key Players, 2014
          3.5.2. Competitive Strategies Adopted by Leading Players
          3.5.3. Recommendations

4. North America Smart Healthcare Products Market Analysis, 2014 – 2023 (US$ Mn)
    4.1. Key Trends Analysis
    4.2. North America Smart Healthcare Products Market Analysis, By Product Type, 2014 – 2023 (US$ Mn)
          4.2.1. Smart Syringes
          4.2.2. Smart Pills
          4.2.3. Smart RFID Cabinets
          4.2.4. Electronic Health Records
    4.3. North America Smart Healthcare Products Market Analysis, By Application, 2014 – 2023 (US$ Mn)
          4.3.1. Health Data Storage and Exchange
          4.3.2. Monitoring and Treatment
          4.3.3. Inventory Management
    4.4. North America Smart Healthcare Products Market Analysis, By Geography, 2014 – 2023 (US$ Mn)
          4.4.1. Overview
          4.4.2. U.S.
          4.4.3. Rest of North America

5. Europe Smart Healthcare Products Market Analysis, 2014 – 2023 (US$ Mn)
    5.1. Key Trends Analysis
    5.2. Europe Smart Healthcare Products Market Analysis, By Product Type, 2014 – 2023 (US$ Mn)
          5.2.1. Smart Syringes
          5.2.2. Smart Pills
          5.2.3. Smart RFID Cabinets
          5.2.4. Electronic Health Records
    5.3. Europe Smart Healthcare Products Market Analysis, By Application, 2014 – 2023 (US$ Mn)
          5.3.1. Health Data Storage and Exchange
          5.3.2. Monitoring and Treatment
          5.3.3. Inventory Management
    5.4. Europe Smart Healthcare Products Market Analysis, By Geography, 2014 – 2023 (US$ Mn)
          5.4.1. Overview
          5.4.2. EU5 (UK, Germany, France, Italy, Spain)
          5.4.3. CIS
          5.4.4. Rest of Europe

6. Asia Pacific (APAC) Smart Healthcare Products Market Analysis, 2014 – 2023 (US$ Mn)
    6.1. Key Trends Analysis
    6.2. APAC Smart Healthcare Products Market Analysis, By Product Type, 2014 – 2023 (US$ Mn)
          6.2.1. Smart Syringes
          6.2.2. Smart Pills
          6.2.3. Smart RFID Cabinets
          6.2.4. Electronic Health Records
    6.3. APAC Smart Healthcare Products Market Analysis, By Application, 2014 – 2023 (US$ Mn)
          6.3.1. Health Data Storage and Exchange
          6.3.2. Monitoring and Treatment
          6.3.3. Inventory Management
    6.4. Asia Pacific Smart Healthcare Products Market Analysis, By Geography, 2014 – 2023 (US$ Mn)
          6.4.1. Overview
          6.4.2. China
          6.4.3. Japan
          6.4.4. Australasia
          6.4.5. Rest of APAC

7. Middle East and Africa (MEA) Smart Healthcare Products Market Analysis, 2014 – 2023 (US$ Mn)
    7.1. Key Trends Analysis
    7.2. MEA Smart Healthcare Products Market Analysis, By Product Type, 2014 – 2023 (US$ Mn)
          7.2.1. Smart Syringes
          7.2.2. Smart Pills
          7.2.3. Smart RFID Cabinets
          7.2.4. Electronic Health Records
    7.3. MEA Smart Healthcare Products Market Analysis, By Application, 2014 – 2023 (US$ Mn)
          7.3.1. Health Data Storage and Exchange
          7.3.2. Monitoring and Treatment
          7.3.3. Inventory Management
    7.4. MEA Smart Healthcare Products Market Analysis, By Geography, 2014 – 2023 (US$ Mn)
          7.4.1. Overview
          7.4.2. GCC Countries
          7.4.3. Rest of MEA

8. Latin America Smart Healthcare Products Market Analysis, 2014 – 2023 (US$ Mn)
    8.1. Key Trends Analysis
    8.2. Latin America Smart Healthcare Products Market Analysis, By Product Type, 2014 – 2023 (US$ Mn)
          8.2.1. Smart Syringes
          8.2.2. Smart Pills
          8.2.3. Smart RFID Cabinets
          8.2.4. Electronic Health Records
    8.3. Latin America Smart Healthcare Products Market Analysis, By Application, 2014 – 2023 (US$ Mn)
          8.3.1. Health Data Storage and Exchange
          8.3.2. Monitoring and Treatment
          8.3.3. Inventory Management
    8.4. Latin America Smart Healthcare Products Market Analysis, By Geography, 2014 – 2023 (US$ Mn)
          8.4.1. Overview
          8.4.2. Brazil
          8.4.3. Rest of Latin America

9. Company Profiles
    9.1. Epic Systems Corporation
    9.2. Allscripts Healthcare Solutions, Inc.
    9.3. eClinicalWorks
    9.4. CapsoVision Inc.
    9.5. Medtronic
    9.6. Olympus Corporation
    9.7. Becton Dickinson and Company 
    9.8. Terumo Corporation
    9.9. Stanley Healthcare
    9.10. TAGSYS

The “Smart Healthcare Products Market” report provides the analysis for the period 2014 – 2023, where in period from 2015 to 2023 is forecast period and 2014 is considered as the base year. The report precisely covers all the major trends and technologies playing a major role in the Smart Healthcare Products market growth over the forecast period. It also highlights the drivers, restraints and opportunities expected to influence the market growth during the said period. The study provides the holistic perspective on the Smart Healthcare Products market growth, throughout the above forecast period in terms of revenue (in US$ Mn), across different geographies, which includes Asia Pacific (APAC), Latin America (LATAM), North America, Europe, and Middle East & Africa (MEA). 

The market overview section of the report demonstrates the market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of this market. Impact analysis of key trends has also been provided for every geographical region in the report, in order to give a thorough analysis of the overall competitive scenario in smart healthcare products market globally. Moreover, the report provides the overview of various strategies and the winning imperatives of the key players in the smart healthcare products market and analyzes their behavior in the prevailing market dynamics. 

The report segments the global smart healthcare product market, on the basis of product types including Smart Syringes, Smart Pills, Smart RFID Cabinets, and Electronic Health Record. On the basis of applications including, Health Data Storage and Exchange, Monitoring and Treatment, and Inventory Management. Thus, the report provides in-depth cross segment analysis for Smart Healthcare Product market and classifies it into various levels, thereby providing valuable insights on macro as well as micro level. 

The report also provides the competitive landscape for the Smart Healthcare Product market, thereby positioning all the major players according to their geographic presence, market attractiveness and recent key developments. The complete Smart Healthcare Product market estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the smart healthcare product market growth. 

Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., eClinicalWorks, CapsoVision, Inc. Medtronic, Olympus Corporation, Becton Dickinson and Company, Terumo Corporation, Stanley Healthcare, and TAGSYS are some of the major players operating in the global Smart Healthcare Products market, which have been profiled in this study. Details such as financials, business strategies, recent developments, and other such strategic information pertaining to these players has been duly provided as part of company profiling. 

Smart Healthcare Products Market

By Product Type

  • Smart Syringes
  • Smart Pills
  • Smart RFID Cabinets
  • Electronic Health Record

By Industry Vertical

  • Health Data Storage and Exchange
  • Monitoring and Treatment
  • Inventory Management

By Geography

  • North America
  • Europe
  • Latin America
  • APAC
  • Middle East and Africa


 
 
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