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Smart Healthcare Systems Market - Global Industry Analysis, Trends And Forecast 2015 - 2023 -Transparency Market Research

A new Upcoming market report by Transparency Market Research is Smart Healthcare Systems Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2015 - 2023
Published 06 October 2015

According to the World Health Organization (WHO), one out of ten patients is actually injured while receiving hospital care in developed countries. The WHO also states that increasing burden of additional hospital admissions, hospital acquired infections (HAIs), litigation costs, medical expenses and disability have cost some of the developed countries between USD 6 billion to USD 29 billion in a year. According to the Harvard Business Review, April 2010, physicians overloaded with patient information contribute to around 15% of incomplete and inaccurate diagnosis. Therefore, healthcare organizations are in need of collaboration with information technology to reduce the burden on healthcare staff for recording and maintain patient’s history. 

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Healthcare information systems provide sustainable and cost effective solution for collection, transformation and processing of healthcare knowledge, and information. Smart healthcare systems enable easy retrieval of patient history, health reports and access to patient history from multiple geographic locations. As a result, use of smart healthcare systems facilitates surgeons and physicians in better patient treatment and hospital records. Adoption of smart healthcare is swiftly increasing to automate the healthcare processes in the medical facility centers. 

Increasing demand for personal healthcare coupled with easy data retrieval, and track record are some of the major factors driving the growth of the global smart healthcare systems market. On the other hand, lack of technically trained healthcare staff and secure data storage are some of the factors restraining the growth of the global smart healthcare systems market. Considering the above mentioned growth drivers and restraints, opportunity for the smart healthcare service providers lie in proliferation of mobile telecommunication technology to boost patient coverage in rural areas and standardizing electronic health records operating procedures. BasedThe global smart healthcare systems market can be segmented as follows:

  • By Type
    • Diagnostic Systems
    • Health Support Solutions
    • Recording Systems
    • Others
  • By Applications
    • Telemedicine
    • Remote Patient Monitoring
    • Healthcare Management
    • Electronic Health Record (EHR)
    • Others
  • By End-users
    • Healthcare Organizations/ Hospitals
    • Government Healthcare Organizations
    • Individual Patients
    • Research and Development Organizations
    • Others

Geographically, the global smart healthcare systems market has been segmented into, North America, Europe, Asia Pacific, Latin America, Middle East and North Africa (MENA) and Rest of the World (RoW) regions. Presently, North America dominates the global smart healthcare systems market and is followed by Europe. Factors such as availability of skilled technicians, well structured regulatory framework, and higher awareness about healthcare information technology (IT) solutions, coupled with higher adoption of advanced techniques are propelling the smart healthcare systems market in North America and Europe. Asia Pacific smart healthcare systems market is expected to grow at significant growth rate during the forecast period due to rapidly growing medical tourism industry coupled with perpetually increasing disposable income. China, Japan and India are some of the emerging economies that are projected to fuel the demand for smart healthcare systems in Asia Pacific. Moreover, with the presence of well defined regulatory framework and rise in disposable income, smart healthcare systems market in Latin America is anticipated to grow at an attractive growth rate during the forecast period from 2014 to 2022. 

Some of the key players contributing to the global smart healthcare systems market include Cisco Systems, Inc., Toshiba Corporation, Huawei Technologies Co., Ltd., and International Business Machines Corporation. 

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This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

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