Global Smart Home Medical Market Overview:
Smart Home Medical enables to lower healthcare costs and assists the healthcare service providers to accomplish their daily activities with a better quality of life. According to a survey of World Health Organization (WHO), falls are the second leading cause of accidental or unintentional injury deaths worldwide and people above 65 years of age suffer the greatest number of fatal falls. In order to reduce the chances of falls, people will adopt various fall prevention and detection devices. The advent of technology in communication and computing technologies has driven the growth of smart home medical market.
- Increasing Demand for mHealth Technologies
- Increasing Adoption of Cloud Technology In Healthcare
- Rising Geriatric Population and Prevalence of Chronic Diseases
- Trend for Internet-of-Things (IoT) in Home Healthcare
- Security And Privacy Issues Concerning to Patient Health
- High Cost of Smart Home Medical Devices
- Technological Advancements In Smart Home Healthcare
- Increasing Demand for Personalized Healthcare
- Lack of Awareness about Smart Home Medical in Developing Countries
Some of the key players profiled in the report are Apple Inc. (United States), Companion Medical (United States), F. Hoffmann-La Roche AG (Switzerland), General Electric Company (United States), Google (United States), Health Care Originals (United States), Hocoma AG (Switzerland), Medical Guardian, LLC (United States), Medtronic (United States), Proteus Digital Health(United States), Samsung Electronics Co. Ltd (South Korea), VitalConnect (United States), Zanthion (United States), ABB Ltd. (Switzerland), AT&T Inc. (United States), Essence Group (Isreal), Honeywell Life Care Solutions (United States) and Koninklijke Philips N.V. (Netherlands). Considering Market by Technology, the sub-segment i.e. Wired will boost the Smart Home Medical market. Considering Market by Service, the sub-segment i.e. Installation and Repair will boost the Smart Home Medical market. Considering Market by Medical Device Type, the sub-segment i.e. Detection and Monitoring Systems will boost the Smart Home Medical market. Considering Market by Data Storage, the sub-segment i.e. Cloud will boost the Smart Home Medical market.
In November 2018, Health Care Originals collaborated with Healthport to support rapidly evolving digital health landscape in New Zealand and Australia.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Home Medical market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Home Medical market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Smart Home Medical Manufacturer, Cloud Provider, IT and Medical Device Provider, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.