Extensive innovations in healthcare IT is considered as a key driver boosting the growth of smart healthcare market during the forecast period. Increased integration of inventory management solutions, such as Smart RFID cabinets aimed at decreasing inventory costs and guaranteeing apposite logistics management is expected to drive the growth of the smart healthcare product market.

1. Smart Healthcare Products Market to Reach
US$57.85 bn by 2023 with Transformation of
Healthcare IT Underway
According to a new market report published by Transparency Market Research “Smart
Healthcare Products - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 -
2023,” the Global Smart healthcare product market is expected to reach a value of US$ 57.85
Bn by 2023. The market is estimated to expand at a CAGR of 8.84% during the forecast period
from 2015 to 2023.
In current scenario, smart healthcare is a trending phenomenon that includes the usage of
information and communication technologies to address the health issues and challenges
confronted by patients. These advancements incorporate both equipment and programming
arrangements and services. In general, smart healthcare is inclined towards development of
interconnected healthcare ecosystems in order to improve the utilization of computational
technologies, computational analysis practices, smart devices, and communication media to
assist healthcare professionals and patients in managing illnesses and health risks, as well as
promoting health and well being. Smart healthcare is a multi-disciplinary domain which involves
many stakeholders, including clinicians, researchers and scientists with a wide range of expertise
in healthcare, engineering, social sciences, public health, health economics and management.
The global smart healthcare product market was valued at US$ 29.38 Bn in 2015 and is forecast
to grow at a CAGR of 8.84% from 2015 to 2023 reaching a value of US$ 57.85 Bn in 2023.
Extensive innovations in healthcare IT is considered as a key driver boosting the growth of smart
healthcare products market during the forecast period. Increased integration of inventory
management solutions, such as Smart RFID cabinets aimed at decreasing inventory costs and
guaranteeing apposite logistics management is expected to drive the growth of the smart
healthcare product market.
Advancement in smart syringes, and smart pills technology that enable remote monitoring of
patients, providing assistance in diagnosing gastrointestinal diseases, minimizing infection
spread, and real-time monitoring of healing processes is expected to strengthen the platform for
future market growth. On the other hand, high capital investments and privacy issues are some
notable restraints in smart healthcare product market.
The global smart healthcare product market has been segmented on the basis of product types,
applications, and geography. On the basis of product types, the market segment includes, Smart
Syringes, Smart Pills, Smart RFID Cabinets, and Electronic Health Record. On the basis of

2. application, market segment includes, Health Data Storage & Exchange, Monitoring and
Treatment, and Inventory Management.
Browse Full Research Report on Smart Healthcare Products Market:
http://www.transparencymarketresearch.com/smart-healthcare-products-market.html
Smart pills segment will register lucrative growth during the forecast period, increase cases of
colon cancer and increased patient preference for minimally invasive surgeries are considered as
major factors felicitating such growth. Considering application segment, inventory management
application is expected to register higher growth during the forecast period. Increased
implementation of smart cabinets in order to manage medicinal supplies will push the growth of
inventory management segment during the forecast period.
North America acquires largest share in global smart healthcare products market and it is
expected that the region will dominate the global market during the forecast period. It is
anticipated that APAC region will register higher growth in smart healthcare product market
during the forecast period. Growing digitalization in healthcare industry, growth in number of
SMEs and large enterprises dealing in smart healthcare products, and increasing government
initiative to promote smart healthcare are some notable factors that will serve as a gateway for
the growth of smart healthcare product market in APAC region.
Major smart healthcare product providers profiled in the report includes, Epic Systems
Corporation, Allscripts Healthcare Solutions, Inc., eClinicalWorks, CapsoVision, Inc. Medtronic,
Olympus Corporation, Becton Dickinson and Company, Terumo Corporation, Stanley
Healthcare, and TAGSYS.
Browse Full Press Release on Smart Healthcare Products Market:
About Us
Transparency Market Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive blend of quantitative
forecasting and trend analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data
sources and various tools and techniques to gather and analyze information.
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it always reflects the latest trends and information. With extensive research and analysis
capabilities, Transparency Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for business reports.
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