The Road Ahead for the Smart Home Healthcare Market: Key Growth Trends and Opportunities to Watch
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What CAGR is Anticipated for the Smart Home Healthcare Market During the Forecast Period, and Why?
The market size for smart home healthcare has seen an unprecedented expansion in the past few years. The market, which was valued at $22.08 billion in 2024, is set to ascend to $28.61 billion in 2025, marking a compound annual growth rate (CAGR) of 29.6%. The phenomenal growth during the historical period can be owed to factors such as a growing older population, escalating healthcare expenses, enhanced awareness, several government-led initiatives and incentives, and funding allocated to digital health solutions.
The size of the smart home healthcare market is projected to experience significant expansion in the upcoming years. The expansion will see the market value reaching $80.08 billion by 2029, with a compound annual growth rate (CAGR) of 29.3%. This growth during the projected period can be ascribed to factors like an escalating number of chronic diseases, the ease and comfort factor, the growth in disposable income, the personalization of healthcare, and improved health management. Big trends anticipated during this period encompass the incorporation of technology, growing use of IoT gadgets, the uptake of telehealth services, health-focused smart devices, and heightened data protection and privacy.
What Key Drivers Are Accelerating the Growth of the Smart Home Healthcare Market During the Forecast Period?
The upsurge in chronic illnesses is anticipated to boost the expansion of the smart home healthcare market in the future. Factors propelling the increase in chronic diseases include aging populations, inactive lifestyles, unhealthy eating habits, and environmental factors. By offering real-time monitoring and tailored management, smart home healthcare benefits individuals with chronic illnesses, enhancing their health results and medication compliance. For example, as per the Australian Institute of Health and Welfare, a governmental organization based in Australia, an estimated 15.4 million individuals, equating to 61% of the population, were diagnosed with at least one of the designated long-term health issues in 2022, as of June 2024. That year, chronic conditions led to 171,500 fatalities, accounting for 90% of all deaths and equating to a rate of 659 fatalities per 100,000 individuals. Consequently, the escalating burden of chronic diseases is fostering the expansion of the smart home healthcare market.
Request Your Free Smart Home Healthcare Market Report Sample Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=19701&type=smp
Which Companies Are Poised to Shape the Future of the Smart Home Healthcare Market?
Major companies operating in the smart home healthcare market are Apple Inc., Samsung Electronics Co. Ltd., AT&T Inc., GE Healthcare, Honeywell International Inc., F. Hoffmann-La Roche Ltd, Medtronic Plc, Koninklijke Philips N.V., Boston Scientific Corp, Fitbit Inc., Companion Medical, Connect America, Tunstall Group, Medical Guardian LLC, Withings, VitalConnect, Nureca Limited, Qure4u Inc., Sunfox Technologies Pvt. Ltd., Agatsa Software Pvt. Ltd., Bay Alarm Medical, Health Care Originals, MariCare, Murata Vios Inc.
What Are the Latest Innovations and Trends Influencing the Smart Home Healthcare Market?
Prominent companies in the smart home healthcare market are focusing on cutting-edge solutions, such as smart monitoring systems, to deliver flawless care and enhance patient results by enabling healthcare professionals to wirelessly and instantly monitor crucial signs. Smart monitoring systems use progressive technologies like artificial intelligence, machine learning, and IoT devices for data collection and interpretation from numerous sensors and machines. For example, LifeSigns, a remote patient monitoring solutions specialist based in India, introduced Continuum Care in April 2023. This solution provides real-time remote patient monitoring, irrespective of the location of the patient. It incorporates wearable biosensors and cloud-based analytics to monitor up to eight vitals, like the ECG, blood pressure, peripheral oxygen saturation (SpO2), and temperature. Continuum Care is flexible and can be adapted to meet specific needs in healthcare. It is designed for use in ambulances, hospitals, and residential settings, ensuring uninterrupted care and improved patient outcomes.
Pre-order Your Report for Quick and Easy Delivery!
https://www.thebusinessresearchcompany.com/report/smart-home-healthcare-global-market-report
How Are the Key Segments of the Smart Home Healthcare Market Impacting Its Expansion and Revenue Streams?
The smart home healthcaremarket covered in this report is segmented –
1) By Product: Smart Glucose Monitoring System, Medical Device Alert Systems, Smart Cardiac Monitoring System, Other Products
2) By Service: Skilled Nursing Services, Rehabilitation Therapy Services, Hospice And Palliative Care Services, Unskilled Care Services, Respiratory Therapy Services, Infusion Therapy Services, Pregnancy Care Services
3) By Technology: Wired, Wireless
4) By Indication: Diabetes, Respiratory Diseases, Pregnancy, Mobility Disorders, Hearing Disorders, Cancer, Wound Care
5) By Application: Fall Prevention And Detection, Health Status Monitoring, Nutrition Or Diet Monitoring, Memory Aids
Subsegments:
1) By Smart Glucose Monitoring System: Continuous Glucose Monitors (CGMs), Smart Glucose Meters, Mobile Apps For Glucose Tracking, Integrated Diabetes Management Systems
2) By Medical Device Alert Systems: Fall Detection Systems, Medication Reminder Systems, Emergency Alert Systems, Wearable Alert Devices
3) By Smart Cardiac Monitoring System: Remote Cardiac Monitoring Devices, Smart ECG Monitors, Wearable Heart Rate Monitors, Mobile Cardiac Telemetry Systems
4) By Other Products: Smart Blood Pressure Monitors, Smart Thermometers, Remote Patient Monitoring Systems, Health Management Apps, Smart Health Hubs
What Regions Are Contributing Significantly to the Growth of the Smart Home Healthcare Market?
North America was the largest region in the smart home healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart home healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Scope and Reach of the Smart Home Healthcare Market Defined?
Smart home healthcare refers to the use of connected technologies and devices within a home to monitor and manage health and wellness. It includes sensors, wearables, and remote health management tools that provide real-time data to healthcare providers. These systems aim to enhance patient care, improve health outcomes, and offer convenience for managing chronic conditions.
Browse Through More Similar Reports By The Business Research Company:
Total Hip and Knee Replacements Global Market Report 2024
Irritable Bowel Syndrome (IBS) Treatment Global Market Report 2024
Alopecia Areata Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/alopecia-areata-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
