Smart Home Healthcare Market

The smart home healthcare ecosystem consists of multiple sensors and devices that are used for in-home care of elderly people, patients with chronic diseases, and others with disabilities. These devices can be worn by the patient or fitted in the surrounding to track medical parameters, such as alert systems, glucose monitoring devices, oximeters, and fall prevention and detection systems.

This smart home healthcare ecosystem is also equipped with internet-connected devices that allow the remote monitoring of appliances and systems, such as lighting and heating. This technology helps caregivers to monitor the health of their clients and improve patient outcomes.

Market Dynamics:

Increasing geriatric population around the world is anticipated to boost growth of the global smart home healthcare market in the forecast future. The aging population requires technological solutions to provide the care that they need and enable them to remain in their own homes. This is why Smart Home Healthcare (SHHT) technologies are promoted and implemented as an alternative to traditional care.

Despite the significant growth of the global smart home healthcare market, the factors such as high installation cost and the lack of technical knowledge among users are likely to hinder growth of the global smart home healthcare market over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global smart home healthcare market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global smart home healthcare market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Medtronic PLC, Sleepace, Evermind Inc., Awair Inc., and Eight Sleep
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global smart home healthcare market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smart home healthcare market

Detailed Segmentation:

• Global Smart Home Healthcare Market, By Aging-In-Place:
  • Perspective of Aging in Smart Homes
  • Aspects of Aging in Smart Home and Demand for Aging-in-place
  • Smart Home Features for Aging-in-place
• Global Smart Home Healthcare Market, By General Health and Wellness:
  • Concept of General Health and Wellness in Smart Homes
  • Growing Importance of Health and Wellness and Exploring Relevant Areas
  • Smart Home Features for Health and Wellness Across Various Use Cases
  • Future Concept Scenario for the Health and Wellness Segment
  • Current Trends, Challenges, and Market Projection for the Overall Health and Wellness Ecosystem
• Global Smart Home Healthcare Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Sleepace
  • Awair Inc.
  • Eight Sleep
  • Evermind Inc.
  • Medtronic PLC