Growing rates of chronic disease along with improvements in medical technology for efficient patient treatment is expected to drive market expansion in the near future at a CAGR of 13.50% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Smart Healthcare Market” that contains information from 2018 to 2032. The smart healthcare market is estimated to register a CAGR of 13.50% during the forecast period of 2023 to 2032.

Market Highlights

The global smart healthcare market is accounted to register a CAGR of 13.50% during the forecast period and is estimated to reach USD 441.364 billion by 2032.

One of the main factors influencing the growth of the market's revenue is the rising need for better healthcare outcomes and patient experiences. Technology advancements in healthcare services and an increase in the use of electronic health records are driving demand for smart healthcare systems. Additionally, the market for smart healthcare is growing in terms of revenue due to the growing acceptance of wearable technology, mobile health applications, and the Internet of Things (IoT) in the healthcare industry. Furthermore, wearable technology usage by consumers, including the use of smartwatches, fitness trackers, and other health monitoring devices, is increasing, which is fueling the rise of the market's revenue.

Key Players:

MRFR recognizes the following companies as the key players in the global smart healthcare market— IBM, Cisco, GE Healthcare, Olympus Corporation, Brooks Automation, Given Imaging, Inc., Stanley Innerspace, Solstice Medical LLC, Siemens Medical Solutions, Allscripts Healthcare Solutions, Samsung Electronics Corporation, AirStrip Technologies Inc., Apple Inc., AT&T Inc., Logi-Tag, Cerner Corporation, Pepperl+Fuchs, Hurst Green Plastics Ltd., Bollhoff Group, Wurth Group, McKesson Corporation, Brooks Automation, and  LogTag.

Segment Analysis

The global smart healthcare market has been segmented based end-use and product.

On the basis of end-use, the market is segmented into Hospitals, Homecare Settings and Others. The hospitals segment was attributed to holding the largest market share in 2022. The use of mHealth apps, increased internet usage, and the prevalence of smartphones are all contributing factors to the dominance of mHealth. Along with the rising popularity of mobile health apps and wearable technology, the desire for real-time monitoring of health parameters is also a major factor in this market's revenue growth.

Based on product, the global smart healthcare market has been segmented into RFID Kanban Systems, RFID Smart Cabinets, Electronic Health Records (EHR), Telemedicine, mHealth, Smart Pills and Smart Syringes. The mHealth segment was expected to hold the largest market share in 2022. Hospitals are increasingly in need of smart healthcare solutions as a result of demands for improved patient care, more efficient resource use, and more operational effectiveness. Smart healthcare solutions are more in demand in hospitals due to the need for better sickness management and the increased prevalence of chronic diseases.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Smart Healthcare Market Research Report

Regional Analysis

The global smart healthcare market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe smart healthcare market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The smart healthcare market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World smart healthcare market comprises of Middle East, Africa, and Latin America.

The largest market share for smart healthcare was maintained by the North American regional sector. This is attributable to the government authorities' adopting policies that promote digital wellness and infrastructural convenience through increased digital literacy.

Moreover, the Europe market has been persistently growing over the forecast period. The market with the largest market share is boosted by a number of factors like increased research and development efforts related to healthcare products and technical innovation in healthcare products.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. A better healthcare IT infrastructure and increased investments in smart healthcare in countries like Japan, Australia, and India are driving the growth of the market for smart healthcare products.

Furthermore, the rest of the world's smart healthcare market is divided into the Middle East, Africa, and Latin America. This region is anticipated to held a substantial share in the market. Given the high rate of smartphone use and increased frequency of chronic diseases, the sector is projected to offer enormous possibilities. Additionally, the government is promoting the use of smart healthcare goods through a number of strategies, which is anticipated to have a favorable effect on the industry.

Key Findings of the Study

• The global smart healthcare market is expected to reach USD 441.364 billion by 2032, at a CAGR of 13.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to increased expenditures in smart healthcare and improved healthcare IT infrastructure..


• Based on product, the mHealth segment was attributed to holding the largest market in 2022, with an approximate market share of 30%.


• IBM, Cisco, GE Healthcare, Olympus Corporation, Brooks Automation, Given Imaging, Inc., Stanley Innerspace, Solstice Medical LLC, Siemens Medical Solutions, Allscripts Healthcare Solutions, Samsung Electronics Corporation, AirStrip Technologies Inc., Apple Inc., AT&T Inc., Logi-Tag, Cerner Corporation, Pepperl+Fuchs, Hurst Green Plastics Ltd., Bollhoff Group, Wurth Group, McKesson Corporation, Brooks Automation, and LogTag