July 15, 2024

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Smart Healthcare Market Increasing Demand, Growth Analysis

3 min read
Smart Healthcare Market Increasing Demand, Growth Analysis

Global smart healthcare market is anticipated to grow at a significant CAGR of 12.8% during the forecast period (2024-2031). Smart healthcare technologies encompass a range of innovative solutions that enhance patient care, improve clinical decision-making, and promote population health. These technologies include remote monitoring platforms, artificial intelligence and machine learning algorithms, blockchain applications, healthcare robotics, ambient assisted living systems, and population health management platforms. By leveraging these technologies, healthcare providers can optimize efficiency, enhance patient outcomes, and ensure the delivery of high-quality care. Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance,

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In January 2024, The CCRAS and NCISM launched the ‘SMART 2.0’ program to promote Ayurvedic research among teaching professionals through collaboration with academic institutions and hospitals.

In February 2024, Medulance launched India’s first 5G-enabled ‘Smart Medical Room’ in Gurugram, enhancing corporate health and wellness. The facility offers advanced diagnostic tools, telemedicine capabilities, and real-time monitoring systems, reducing response times to under 4 minutes. It enables corporations to prioritize employee health.

In August 2022, GOQii, launched Smart Vital Ultra and Stream devices for young adults and youth, encouraging healthy lifestyles. The company STream is a lightweight, water-resistant device with Bluetooth, a built-in speaker, a microphone, and features like phone notifications, personalized health coaching, and a digital health locker.

Global Smart Healthcare Market Report Segment

By Product Type

• Electronic Health Records (EHR) Systems

• Telemedicine and Remote Monitoring Devices

• M-Health

• Healthcare Analytics and AI Solutions

• Hospital Information Systems (HIS)

• Smart Hospital Infrastructure

• Others (Biometric Identification and Authentication Solutions)

By End-User

• Hospitals and Clinics

• Medical Billing Companies

• Healthcare Payers

• Government Healthcare Agencies

• Others (Academic Medical Centers and Research Institutions)

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Smart Healthcare Market Report Segment by Region

North America

• United States

• Canada


• Germany

• United Kingdom

• France

• Spain

• Italy

• Rest of Europe


• China

• Japan

• India

• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa

• Latin America

Company Profiles

• Adolf Würth GmbH & Co. KG


• Apple Inc.

• AT&T Inc.

• Bollhoff Group

• Brooks Automation, Inc.

• F. Hoffmann-La Roche Ltd

• Hurst Green Plastics Ltd.

• IBM Corp.

• McKesson Corp.

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2. More than 120 countries are for analysis.

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