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Smart Home Healthcare Market

Smart Home Healthcare Market Market Research Report – Segmented By Aging-in-Place (Perspective of Aging in Smart Homes, Aspects of Aging in Smart Home and Demand for Aging-in-place, Smart Home Features for Aging-in-place), By General Health and Wellness (Concept of General Health and Wellness in Smart Homes, Growing Importance of Health and Wellness and Exploring Relevant Areas, Smart Home Features for Health and Wellness Across Various Use Cases, Future Concept Scenario for the Health and Wellness Segment, Current Trends, Challenges, and Market Projection for the Overall Health and Wellness Ecosystem) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2027.

Table of contents

Executive Summary

Smart Home Healthcare Market from Consainsights analyses the Smart Home Healthcare Market Market in the Technology & Media industry over the forecast period to 2027.

Figure 1: Smart Home Healthcare Market Size, 2019-2027

Smart Home Healthcare Market research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Smart Home Healthcare Market segmentation includes Aging-in-Place, General Health and Wellness and Geography.

All segmentations encompasses the key innovations and micro & macro trends, companies/manufacturers operating in this space along with their usage and penetration with respect to the wide range of End Users. Additionally, market sizing information along with the key factors such as market drivers, restraints, opportunities and challenges which are likely to be influencing the market growth are outlined in this report.

Based on the Aging-in-Place, the Smart Home Healthcare Market analysis covers Perspective of Aging in Smart Homes, Aspects of Aging in Smart Home and Demand for Aging-in-place, Smart Home Features for Aging-in-place.

Figure 2: Smart Home Healthcare Market Share (%), Aging-in-Place 2021

Based on the General Health and Wellness, the Smart Home Healthcare Market analysis covers Concept of General Health and Wellness in Smart Homes, Growing Importance of Health and Wellness and Exploring Relevant Areas, Smart Home Features for Health and Wellness Across Various Use Cases, Future Concept Scenario for the Health and Wellness Segment, Current Trends, Challenges, and Market Projection for the Overall Health and Wellness Ecosystem.

Figure 3: Smart Home Healthcare Market Share (%), General Health and Wellness 2021

Key companies operating in the market include Sleepace, Awair Inc., Eight Sleep, Evermind Inc., Medtronic plc and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Moreover, the competitive analysis includes the companies deals such as Mergers, Acquisitions, Partnerships and so on along with the expansion areas focusing on the additional geographies, future insights for success and market share analysis. Major players strategies include the launch of the innovative product lines along with the emphasis on the partnerships and acquisitions to standardize their market share in the market space.

Market Research methodology includes the triangulation of the data from the data sources such as Primary Market Research approach and Secondary Market Research Approach along with the data from the trade bodies and industry standard publications and data sources. Primary inputs from the industry experts and the market respondents from the respective industries to obtain very critical information to assess the future growth prospects of the market. The final data is triangulated and thoroughly validated considering all the data sources using the bottom-up and the top-down approaches to estimate the market sizing of the individual segments.

Market Overview

Definition & Scope

  • The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.
  • The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.
  • The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.
  • Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.
  • Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.
  • As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

By Aging-in-Place

Introduction

By By Aging-in-Place, The Smart Home Healthcare Market analysis covers Perspective of Aging in Smart Homes, Aspects of Aging in Smart Home and Demand for Aging-in-place, Smart Home Features for Aging-in-place.

Table: 1: Smart Home Healthcare Market Size, By By Aging-in-Place

Perspective of Aging in Smart Homes

The Perspective of Aging in Smart Homes segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Aspects of Aging in Smart Home and Demand for Aging-in-place

The Aspects of Aging in Smart Home and Demand for Aging-in-place segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Smart Home Features for Aging-in-place

The Smart Home Features for Aging-in-place segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

By General Health and Wellness

Introduction

By By General Health and Wellness, The Smart Home Healthcare Market analysis covers Concept of General Health and Wellness in Smart Homes, Growing Importance of Health and Wellness and Exploring Relevant Areas, Smart Home Features for Health and Wellness Across Various Use Cases, Future Concept Scenario for the Health and Wellness Segment, Current Trends, Challenges, and Market Projection for the Overall Health and Wellness Ecosystem.

Table: 2: Smart Home Healthcare Market Size, By By General Health and Wellness

Concept of General Health and Wellness in Smart Homes

The Concept of General Health and Wellness in Smart Homes segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Growing Importance of Health and Wellness and Exploring Relevant Areas

The Growing Importance of Health and Wellness and Exploring Relevant Areas segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Smart Home Features for Health and Wellness Across Various Use Cases

The Smart Home Features for Health and Wellness Across Various Use Cases segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Future Concept Scenario for the Health and Wellness Segment

The Future Concept Scenario for the Health and Wellness Segment segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Current Trends, Challenges, and Market Projection for the Overall Health and Wellness Ecosystem

The Current Trends, Challenges, and Market Projection for the Overall Health and Wellness Ecosystem segment market was valued at US$ XX Mn in 2019 and grown at XX% CAGR over the historic years (2019 - 2027) to reach US$ XX Mn and is projected to grow at XX% CAGR over the forecast period to reach US$ XX Mn by 2027. The market represented the US$ XX Mn opportunity over 2019 - 2027 and estimated to create US$ XX Mn opportunity over 2019 - 2027.

Company Analysis

Introduction

Key companies operating in the market include Sleepace, Awair Inc., Eight Sleep, Evermind Inc., Medtronic plc and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.