According to the latest market research study, the global smart healthcare market is expected to grow at a CAGR of over 24% during the forecast period of 2016 to 2020.
This report by Technavio provides an in-depth analysis of the global smart healthcare market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the solutions
|
SOLUTIONS |
MARKET SHARE 2015 (%) |
|
EHR |
44.25% |
|
Telemedicine |
40.71% |
|
mHealth |
9.43% |
|
Smart pills |
4.25% |
|
Others |
1.36% |
Source: Technavio
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The top three revenue contributing solution segments are discussed below
EHR: In 2015, EHR dominated the smart healthcare market with the largest market share.
“The growth prospects for this segment is anticipated to increase significantly due to favorable government initiatives such as the advent of the American Recovery and Reinvestment Act (ARRA). The Act was projected to achieve the goal of having all healthcare providers in the US managing clinical information by electronic means,” says Abhishek Sharma, an industry analyst at Technavio for research on machine to machine and connected devices.
Moreover, rapid technological advancements that focus on the next generation of EHR systems are expected to boost the market growth of the EHR segment.
Telemedicine: Telemedicine is the delivery of long-distance healthcare with the help of telecommunications technology. A telemedicine service connects users, experts, and medical professionals online. More people have started to self-diagnose their illnesses with the help of telemedicine.
mHealth: The mHealth segment is expected to be the fastest-growing segment of the market during the forecast period due to the increased adoption of smartphones, growing chronic diseases, and better network connectivity. The rising incidence of chronic diseases such as diabetes, heart ailments, cancer, and other chronic diseases is expected to uplift the demand.
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The top vendors operating in the global smart healthcare market are:
- Allscripts
- Cisco
- GE Healthcare
- Philips
The other prominent vendors in the market include Abbott, AirStrip Technologies, Agfa-Gevaert, Alcatel-Lucent, Apple, AT&T, AthenaHealth, Epic Systems, Evolent Health, F. Hoffmann-La Roche, Google, Honeywell Life Care Solutions, HP Enterprises Services, Huawei Technologies, IBM, Johnson and Johnson, Medtronic, Microsoft, Misfit, Olympus, OMRON, Proteus Digital Health, Qualcomm, Samsung Electronics, STANLEY Healthcare Solutions, Voxiva, Warby Parker, WellDoc, and Zebra Technologies.
A more detailed analysis is available in the Technavio report titled, ‘Global Smart Healthcare Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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